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£265,000 was a gift from the British Government out of its share of the Chinese Boxer Indemnity, and the interest on this
A part of the is at frue disposal for University purposes. remainder was given by the Rockefeller Trust and the interest is earmarked for part payment of the salaries of professors of
The University's annual Medicine, Surgery and Gynaecology. income may therefore be taken to be (£22,000+ £12,000 + £23,000) about £57,500. In the most favourable circumstances the University will therefore require aid to the extent of
£133,600 less £57,500 i.e. £76,100 or if endowed professorships are not forthcoming, of £86,600.
The major causes of this gap between proposed expenditure and sources are: –
2.
an increase of teaching staff, in the establishment now recommended.
teaching i.€. 9
Increase scales of pay for all ranks in the and administrative staffs of the University, bringing them up to the level of those proposed by the Irvine Committee, which regards the scales they propose as the lowest that can be offered with a hope of attracting an effective staff to a University for removed from the academic centres
f British life.
SUMMARY OF FINANCIAL PROPOSALS:
Non-recurring
Repair of buildings..
Re-equipment of Laboratories. Endowment of 7 professorships. Rebuilding.
•
Recurring charges
• •
•
£ 46,000
•
.£ 70,000
•
£350,000
.£600,000 to £1,000,000 £1,066,000
£1,466,000
Staff & Servants
Maintenance, scholarships etc.
• •
.£ 96,302 37,300 £133,602
If professorships were not endowed the total under this head would be increased by £10,500 to £144,100.
The University's income estimated at:-
Fees.
•
•
Colonial Government Grants. Endowments.
•£ 33.888
•
[ · ·
.£ 12,000 £ 57,500
:
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