Mercury or Crucifix?

I spent ages looking at this - it just fascinated me.

I guess it shows which way my perception's slanted, that I saw the Mercury symbol before I saw the Crucifix.

Then I noticed how the cross is emphasized, and that the circle doesn't join the cross at the top. It seems more likely to me now that it's intended as a crucifix, with a graceful halo, and diabolical horns.

I wonder what "HT YC" stands for.

Located on Royal Park Road, on the block of student flats behind the pub. It's about eighteen inches above the ground.

Location

Royal Park Road
Leeds
United Kingdom
53° 48' 38.2068" N, 1° 34' 13.6092" W