CO129-625-3 Hong Kong University- rehabilitation (1950) 1-1-1950 - 31-1-1951 — Page 132

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13.

Financial summary

Estimated additional needs.

A.

Capital

£500,000

Suggested methods of meeting

needs.

A. Capital

B.

Recurrent

B.

£64,000 p.a. rising to

(i)

£96,000 by 1953

130

(1) Release of grant of

£250,000 promised by His Majesty's Treasury in 1948

(ii) Grant of £250,000 from

Colonial Development and Welfare higher education allocation.

Recurrent

Increase of local

Government grant by

£31,250 p.a.

(ii) Increase of fee income

by £20,375

(iii) Create new endowment

fund by:

(a) grant of £250,000

from H.M.G.

(b) grants from Dominions.

(c) local appeal

(a) approach to American

and other Foundations: