1982 Ed.]
Police (Welfare Fund) Regulations
[CAP. 232
necessary for the proper administration of the Fund, and will recover any advance so made from the proceeds of the sale of the investments as soon as they are received. Interest will be charged on any such advances at the rate earned by Government on its main current account with the Hongkong and Shanghai Banking Corporation or on its deposits in the Joint Colonial Fund, whichever is the higher.
7. (1) All vouchers submitted to the Director of Accounting Services in respect of payments to be made out of the Fund shall be certified by the Commissioner, or by a police officer or public officer under paragraph (2).
(2) The Commissioner may in writing authorize a public officer attached to the police force or a police officer by name, office or appointment, to certify payments to be made out of the Fund on his behalf and every such authorization and cancellation thereof shall be notified to the Director of Accounting Services.
(3) The Director of Accounting Services shall not make any payment out of the Fund on the authority of a voucher that is not certified in accordance with the requirements of this regulation.
8. When a loan is granted to a police officer or a retired police officer under the authority of section 39(3)(c) of the Ordinance, it will normally be subject to the following conditions-
(a) it shall be repaid in such monthly instalments as the Commissioner may in his discretion specify, save that the number of monthly instalments shall not exceed 24;
Upon default in 1 instalment the whole balance outstanding shall immediately become due;
(b) [Deleted, L.N. 119/78]
(c) whenever it shall be necessary to recover the amount of a loan it shall be deemed to be an amount due to a department of Government.
9. Upon a recommendation of the Commissioner the Financial Secretary may authorize the writing off of any asset or any debt due to the Fund which he considers irrecoverable:
Provided that any such write-off shall take effect for the purpose of accounting records alone and shall not extinguish any right of the Fund to recovery of any such asset or debt.
10. The Director of Accounting Services will keep the accountant of the police force informed of all transactions on account of the Fund's investments and the latter will balance his accounts monthly and reconcile them with the deposit account maintained by the Director of Accounting Services.
B3
[Subsidiary]
Certification of advances.
L.N. 180/77.
Loans by Fund.
Power to write off.
G.N.A. 129/53.
Duties of accountant. G.N.A. 117/60.