CO129-618-2 University of Hong Kong- grants and financial assistance 26-9-1947 - 29-9-1947 — Page 12

Lecturers (contd.)

Filled

Science

Physics Chemistry

Biology

Engineering

Civil Engineering

Medicine

12

Adminis-

Vice-Chancellor (retiring)

Vice-Chancellor (1948)

trative

Registrar

Note 1.

Tutors and Demonstrators are not included.

-

purely local appointments

Note 2.

Four new professorships are proposed of which two are transferred from Readerships (History and Marine

shown above X. 20ology) and two (Architecture and Geography) sub-

'new

stituted for Professorships of Mechanical and Electrical Engineering.

Note 3.

The Readership in Anatomy is substituted temporarily for a Professorship: the Readership in Biochemistry is

new.

Lectureships

Note 4. Existing Senior Lectureships in Mechanical and

Electrical Engineering will not be filled; in Architecture and Education are new.

Financial position.

Recurring Charges.

II.

A.

(i)

Income.

Expectation for year 1950.

Endowment income $300,000 = £19,000

Fees

(with $320,000 = £20,000 further

increase)

Grant from Hong Kong Government

$450,000 - £28,150

=

$1,070,000 = £67,150

(ii) Expenditure.

Note: Wages of servants have increased fourfold

since 1941. Dollar salaries must be doubled and sterling salaries increased by nearly 50 per cent.7

Based on estimates for 1941 by 1950 we shall have to meet at least the following totals of re- curring expenditure:

(a) Wages

$296,000

(b) Dollar Salaries $400,000

£18,500

=

£25,000

(c) Sterling

11

$870,000

(a) Maintenance

$220,000

$1,786,000

£54,000 (low because of

£14,000

£111,500

re-equipment

now in hand)

We