1967
26. The subscription paid by a member shall not be refunded on his withdrawal or expulsion from the Association.
27. In the event of the winding up of the Association, the dis- position of the property then held by it shall be decided by a resolu- tion of a general meeting of the members, with the exception of any fund which may be created for the granting of allowances to employees on their retirement from service.
The Financial Year.
28. The financial year of the Association shall begin in July 1st every year and end on June 30th of the following year.
Amendments.
29. Amendments to the Constitution, except articles 2 and 16 may be made at any general meeting held under article 12, provided that if the proposed amendments are recommended by the Board of Directors notice of the same shall be set out in the notice convening the meeting and if the proposed amendments are suggested by some other member they shall be in writing and forwarded to the Chairman for examination by the Board of Directors at least one month before the next general meeting and provided that no amendment shall be effective unless passed by a two-thirds majority of the votes of all present at the meeting and unless and until the Constitution as so amended is approved by the Governor.
Objects and Reasons.
The object of the Ordinance is to incorporate The Hong Kong Travel Association. It follows the lines of similar local incorporation Ordinances, notably Ordinance No. 16 of 1932.
C. G. ALABASTER,
Attorney General.
October, 1935.