- 5-
22.1
10. 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 making the
estimated annuel
Fees
Sterling Investments
£22,000
15,500
1.500
39,000
30.000
$69,000
Silver Investmenta
Present Hong Kong Government Grant
11. The additional annual expenditure to be met is therefore
estimated at 152,500 less £69,000 1.0. £83.500.
12. The total annual expenditu.e from Government sources will
be £83,500 plus the present annual grant from the Hong Kong
Government of £30,000 numely £113,500.
13. It is suggested that the capital expenditure or £716,000
required should be met as follows:
From U.A. funds other than C.D. and w.
Allocation under Colonial Development
and Welfare Act outside the su provisionally allocated to Hong Kong
£500,000
Hong Kong Government revenue
200,000
16,000
£716,000
14.
It is suggested that the total recurrent expenditure of
£113,500 required should be met as follows:
Contribution from U.K. Iunds of £30,000
rising to
by £2,500 per annum over a six
year poriod.
£45,000
Contribution from Hong Kong
Government of
£30,000
rising to
£68.500
£113,500
15. The expected proportions of Colonial Dominion and Foreign
students would justify the rising contribution from U.K. funds
which might possibly include some surventions from the
No comments yet.
Private notes are available after approval.