CO129-625-5 Hong Kong University- establishment fund 1-3-1950 - 31-1-1951 — Page 32

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13.

Financial summary

Estimated additional needs.

Suggested methods of meeting

needs.

A.

Capital

A. Capital

£500,000

B.

B.

Recurrent

£64,000 p.a. rising to

(i)

£96,000 by 1953

(i) 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

(d) approach to American

and other Foundations