AGRICULTURAL PRODUCTS (MARKETING) Ord. No. 13/78
(AMENDMENT)
Objects of the fund.
Cost of administering the fund.
Investment.
Accounts.
Establishment
of Advisory Committee.
(b) such further moneys and assets as may be
(i) donated, subscribed or bequeathed to, and accepted by the trustee; or
(ii) otherwise acquired by the trustee.
9B. The trustee shall apply the fund for the following objects-
(a) the provision of scholarships, grants and loans for the education and training of persons who are employed in agriculture and agricultural product marketing industries in Hong Kong and their families and dependants; and
(b) the provision of scholarships, grants and loans for the education and training of persons who wish to enter the agriculture and agricultural product marketing industries in Hong Kong.
9C. (1) The cost of the administration of the fund and costs incurred by the Committee in the discharge of its functions under this Part, other than any audit fee paid under section 9E which shall be a charge on the fund, shall be paid from moneys, other than the fund, received by the Director under this Ordinance.
(2) The Financial Secretary may direct that an annual supervision fee to be determined by him shall be charged against the income of the fund and paid into the general revenue of Hong Kong.
9D. The trustee may invest any of the moneys of the fund in investments of any kind whether such investments are permitted for the investment of trust funds or not, subject, in the case of investments which are not so permitted, to the prior approval of the Financial Secretary.
9E. (1) The trustee shall cause proper accounts to be kept of all transactions and shall cause to be prepared for every period of twelve months ending the 31st day of March in each year a statement of the accounts of the fund, which statement shall include an income and expenditure account and balance sheet and shall be signed by the trustee.
(2) The accounts and the signed statement of the accounts shall be audited by an auditor, appointed from time to time by the Governor, who shall certify the statement subject to such report, if any, as he may think fit.
(3) A copy of the signed and audited statement of accounts together with the auditor's report, if any, and a report by the trustee on the administration of the fund during the period covered by the audited accounts shall be laid upon the table of the Legislative Council not later than the 31st day of October next following the end of such period or so soon thereafter as the Governor may in his discretion allow.
9F. (1) There shall be established a committee to be known as the Agricultural Products Scholarship Fund Advisory Committee.
(2) The Committee shall advise the trustee on all matters whatsoever touching the administration of the fund and the attainment of the objects thereof.
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