TNAG-2074-FCO40-2953-Expansion-of-higher-education-in-Hong-Kong-1990 — Page 37

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34.

However, a crude estimate of the additional recurrent funding required for the period 1991-95 may be obtained by applying the average recurrent unit costs, updated to mid-1991 prices, to the additional student

numbers. These calculations are shown in Annex P and

compared with the institutions' estimates of their

recurrent funding requirements. These figures do not take into account the resource

resource implications of the initiatives mentioned in paragraph 33 (a) (d) above, but an attempt has been made to reflect the effects of the change referred to in paragraph 33 (e), based on preliminary figures provided by the institutions. It should be noted that :-

(a)

―

these estimates are indicative only and will need to be revised during the grant

grant assessment

exercises, to take into account updated information and possible future policy changes;

(b) the UPGC's estimated additional costs for the

expansion (at mid 1991 price levels) amount to $2,340.87m (on the basis of existing salary scales), which is close to

to the corresponding figure of $2,235.9m assumed in the ExCo scenario

(Annex Q); and

(c)

while the funding requirements might be reduced if

more student numbers were to be allocated on the

basis of the lowest unit costs, this course of

action is not recommended, as it would conflict with the Government's policy of maintaining the quality of higher education and would run counter

to the UPGC's objective of providing diversified qualified manpower to meet community requirements and an appropriate spread of opportunities to

accord with the roles

the roles and present

and present stages of

development of the tertiary institutions.