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In accordance
from those moneys and other assets of the fund. with Clause 31, the interest generated by the fund may be used to meet the capital or recurrent expenses of the Ocean Park Corporation, whereas the capital sum may not be used for any purpose, other than development projects for Ocean Park, without the prior approval of the Governor in Council.
16
Clause 33 provides for separate accounts to be maintained in respect of all transactions of the
the Fund. The Corporation is required to lay before the Legislative Council by 31 December of each year a signed statement of the annual accounts audited by an auditor appointed by the Corporation, together with a report on the administration of the Fund during that financial year.
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Clause 34 provides that the Fund shall not be pledged as security for any loans that the Corporation may seek to
raise.
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Part X of the Bill deals with miscellaneous provisions. Clause 36 provides that the Corporation is not a servant or agent of the Crown.
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Clause 37 provides that the Corporation will furnish the Governor With any necessary documents and information relating to the property and affairs of the Corporation if requested to do so.
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Clause 38 empowers the Governor in Council to give directions in writing to the Corporation should the public interest so require, and for the Corporation to comply with those directions. It is anticipated that this provision will be used sparingly, if at
at all, and only if
only if the viability safety of Ocean Park is in doubt.
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or
Clause 39 enables the Corporation to make by-laws for the effective management and control of Ocean Park. Ocean Park Ltd. is currently regulated by a set of Conditions which cover admission to Ocean Park, carriage on the Ocean Park ropeway, and use of the car park. These Conditions form part of a contract between Ocean Park Ltd. and members of the public who have purchased or acquired a ticket for admission to Ocean Park. In the
the absence of any by-laws made under Clause 39, these Conditions will continue to have effect
effect by virtue of Clauses 13 and 15 of the Bill. However, it is considered that by-laws made by the Corporation, and which are required to be laid on the table of the Legislative Council, would have greater authority in law and their content and provisions would also be more widely accessible to the general public.