CO129-610-1 Rehabilitation of Hong Kong University 3-1-1947 - 29-12-1947 — Page 175

income before the war are: Foes 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 making the estimated annual income

Fees

£22,000

Sterling Investments

15,500

Silver Investments

1.500 39,000

Present Hong Kong Government Grant 30,000

£69,000

11.

12.

The additional annual expenditure to be met is

therefore estimated at £152,500 less £69,000 1.0. £83.500.

The total unnual expenditure from Government

sources will be £83,500 plus the present ammual grant from the Hong Kong Government of £30,000 namoly £113,500.

13.

It is suggested that the capital expenditure of

£716,000 required should be met as follows:

14.

From U.K. funds other than C.D. and W. £500,000

Allocation under Colonial Development

and Welfare Act outside the sum

provisionally allocated to liong Kong 200,000

Hong Kong Government revenue

18.000

£716,000

It is suggested that the total recurrent

expenditure of £113,500 required should be met as follows:

Contribution from U.K. funds of £30,000

rising to

by £2,500 per annum over a six

year period.

Contribution from Hong Kong

Government of

rising to

£45,000

£30,000

$68.500

£113,500

15.

173.