CO129-625-4 Hong Kong University- rehabilitation (1951) 1-12-1950 - 30-11-1951 — Page 41

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All

APPENDIX B

FINANCIAL SUMMARY

41

1.

Administering Authority

The University of Hong Kong.

2.

Allocation

:

Higher Education

3.

Classification

:

Higher Education

4.

Description of Scheme

:

Rehabilitation and Development of

certain University Buildings.

:

£401,533

5.

Total Cost

6.

Colonial Development and

Welfare Assistance

Required

7.

Estimate of Assistance

NOTE:

required by United

Kingdom financial years

Grant of £200,000

1951/52

1952/53

Capital £185,600

£14,400

This grant, together with the interim grant of £50,000, already approved under Scheme D.1557, is to be administered on the basis of the nine sub-heads listed in Appendix A; but it would be permissible to meet any excess on Subhead III from savings on Subhead IX, or vice versa, without prior reference to the Secretary of State, and a similar re-allocation between Subheads VII and VIII would also be within local discretionary authority.

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