(2) The amount transferred to the credit of the Development
Fund in any financial year shall not exceed 30% of the amount of the
income of the Corporation from all sources, other than
appropriations from the Legislative Council, in that financial year.
29.
Estimates of income and expenditure
(1) The Board shall, not later than 31 October in each
financial year or such other date as the Secretary may approve,
submit in writing to the Secretary for his approval estimates of the
income and expenditure of the Corporation for the next financial
year.
(2) The Board may, subject to the approval of the Secretary,
amend any estimate of income or expenditure submitted under
subsection (1).
30.
Accounts and statements
(1) The Board shall cause proper accounts to be kept of all
the financial transactions of the Corporation and of the assets and
liabilities of the Corporation.
(2) For the purposes of subsection (1) proper accounts shall
not be held to be kept unless they are sufficient to give a true and
fair view of the state of affairs of the Corporation and explain its
financial transactions.
(3)
The Board shall cause to be prepared for each financial
year
(a)
a statement of accounts giving a true and fair view
of the state of affairs of the Corporation; or