It is well known that the University of Hongkong has been fortunate in obtaining some very handsome bequests since the opening in 1912. Among these may be mentioned the recent gift of $500,000 from the Rockefeller Foundation; a sum of about $380,000 from Mr. Loke Yow; donations and promises of contributions totalling $250,000 from Sir Robert Ho Tung; $100,000 from a Hongkong resident, Mr. Nemazee, and $100,000 from. Messrs. Butterfield & Swire (additional to the original £40,000 given by the Taikoo firms). It is noticeable that all of the large contributions, other than the Rockefeller and Taikoo donations, have been made by residents of Hongkong or the Straits Settlements.
It has been stated that, when the University opened its doors to students in 1921, the assured income from endowments was only about $70,000. It is estimated that the assured income from endowments is. now about $220,000, despite the fact that, since the opening of the University, about $1,000,000 has been spent on buildings and equipment. A fair figure of the total income of the University for this year is about $380,000. It is not without interest to notice that the total expenditure for the first year (1912-13) was $85,000 and for the second year (1913-14) it was $135,- 000. In the second year, the income of $135,000 included special donations totalling $22,000. During the last eight years,. the increase in expenditure, other than capital expenditure, has been as follows:—The cost of the Medical Faculty has increased from $35,000 to $52,000 and the addition of two new professors and assistants under the Rockefeller benefaction will probably increase the expenditure of this Faculty to: $85,000 per annvm for the future. The cost of the Engineering Faculty has increased from $34,000 to $61,000. The cost of Arts Faculty has increased from $22,000 to $59,000. There is an additional cost of about
such as Chemistry, Physics, Biology $31,000 for teaching other subjects,
Text read from the printed page and cleaned; old type leaves the occasional error.