1983 Ed.]
Development Loan Fund
[CAP. 2
B1
[Subsidiary]
Repealed by 20 80/90
DEVELOPMENT LOAN FUND
RESOLUTIONS OF THE LEGISLATIVE COUNCIL
1. Resolution made and passed by the Legislative Council on 22 October 1958.
2.
RESOLVED
1. that with effect from 1 November 1958, there shall be established a fund styled the Development Loan Fund;
2-3. [ceased to apply, see paragraph 3(g).]
4. that the Fund shall assume all the liabilities of the Development Fund and of the Local Loans Fund as from 1 November 1958;
5. [ceased to apply, see paragraph 3(g).]
6. that the Development Fund and the Local Loans Fund shall be closed with effect from 1 November 1958.
Resolution made and passed by the Legislative Council on 7 December 1966.
[ceased to apply, see paragraph 3(g).]
3. Resolution made and passed by the Legislative Council under section 29(1) of the Public Finance Ordinance on 27 July 1983.
RESOLVED with respect to the Development Loan Fund established by resolution made and passed by this Council on 22 October 1958, as amended by resolution made and passed by this Council on 7 December 1966, and deemed under section 29(3) of the Ordinance to have been established in accordance with that section, that-
(a) the Fund be administered by the Financial Secretary, who may delegate his power of administration to other public officers;
(b) there be credited to the Fund-
G.N.A. 64/58.
(i) such appropriations from general revenue as may be approved by this Council;
(ii) all sums received by way of repayment of moneys expended in accordance with paragraph (c) below; and
(iii) all sums received by way of interest or dividends earned in respect of moneys expended in accordance with paragraph (c) below or invested in accordance with paragraph (e) below;
L.N. 81/66.
L.N. 253/83.
(Cap. 2.)
UNIVERSITY
OF
LAW
1
HOM