ENG-1960 — Page 145

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TEN YEARS' PROGRESSIVE EXPENDITURE ON EDUCATION BY THE GOVERNMENT

MILLIONS OF DOLLARS

140

130

120

110

100

98

80

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CAPITAL EXPENDITURE

RECURRENT EXPENDITURE.

NOTE: The following considerations are not ingluded —

Subventions to the University of Hong Kong.

2. Value of the land for the school sites. 3. Interest-free loans by Government to School agencies: the outstanding balance of these is about $18 million.

40

PUBLA

30

20

10

1950-1 1951-2 1952-3

1953-4 1954-5 1955-6

1956-7

1957-8 1958-9 1959-60

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