Bulletin Summer 1975

Economy Drive The Chinese Universit y was informed by the Universities and Polytechnic Grants Committee that the funds available for the Recurrent Budget for the financial year 1975-76 would be considerably below the basic requirements and that the supplementary grant would not be sufficient to cover rising costs. It is not known how long the period of extreme financial stringency will last but the University has been advised to plan in terms of two or more years. A Working Group on Economy was set up at the end of last year to examine various possibilities of economizing and to make recommendations thereon to the Vice- Chancellor. The Workin g Group was reconstituted and enlarged to form the Committe e on Economy early this year so as to make an all- out effort in the drive for economy. Composition of this new Committee is as follows: Chairman: Mr. T . C. Cheng Members: Dr. H . M . Chang Dr. John T.S. Chen Mrs. E J . Fehl Dr. Ambrose K i ng Mr. Paul Lam Mr. Lee Y im Prof. H. Sutu Mr. N.H . Young (Secretary) Dr. C.T. Yu ng Dr. Y.S. Y ü T o tide over the period of extremely gravefinancialstringency, all Boards of Studies, Administrative Departments and other units were urged to consider all possible reductions of expenditures without letting the major academic programmes suffer setbacks. Acquisitions Large vase with underglaze blue decoration of dragons, Ch'ing, Chien-lung Presented by the B.T. Lam Foundation 15