CO129-593-4 Rehabilitation of Hong Kong University. For extracted photographs see CN 3-45 27-10-1946 - 30-1-1947 — Page 20

MEMORANDUM ON THE SOURCES FROM WHICH THE CAPITAL

AND RECURRENT EXPENDITURE ESTIMATED BY THE HONG KONG UNIVERSITY ADVISORY COMMITTEE AS NECESSARY FOR A RENEWED UNIVERSITY MIGHT BE MET

103

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1. The Committee, on page 26 of their Report summarise

their estimate of the cost of providing a University of

the standard which they propose as follows:-

Estimated Non-Recurrent Capital Expenditure.

Repair or Buildings and

replacement of Equipment

New buildings

Endowment of basic chairs

£116,000

600,000

350,000

1,066,000

If, for the purpose of this memorandum,

the endowment of chairs is ignored the non-

recurrent expenditure would be reduced to:

But the recurrent expenditure on the seven

basic chairs would be increased by £10,500.

Estimated Recurrent Expenditure per annum.

Salaries

£104,480

Salaries in lieu of endowment

10,500

Scholarships and maintenance

grants for scholars

20,000

Departmental grants

17,500

£152,500

The figures given in the Report of the

University's income before the war are:

Fees and Investments £33,500 plus

Hong Kong Government Grant £23,500

-

total

£57,000. Since the date of the Report the

Vice-Chancellor has indicated certain adjustments

which should be taken into account and making the

Estimated Annual Income

Fees

Sterling Investments

£716,000

£22,000

15,500

1,500

39.000

30,000

Silver Investments

Present Hong Kong Government Grant

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