LA
5
Standing orders of the
8.
The committee may, from time to time with the approval of the Governor, frame and, from time to time with the like committee. approval, alter standing orders for its internal management and
Power ta solicit and
take sub-
scriptions
bequests.
and
control; and all such standing orders when so approved as afore- said shall be binding on every member of the committee.
9. The committee may, from time to time, solicit and take on behalf of the trustee subscriptions and bequests to the fund,
founders and
14. As soon as practicable after the 30th day of June, 1955. Publication the Colonial Secretary shall cause to be published in the Gazette- of lists of
(a) a list of the founders mentioned in the Preamble together sub-
with the amounts of their respective subscriptions, and scriptions. (b) a list of the founders mentioned in section 13 together
with the amounts of their respective subscriptions.
Passed the Legistative Council of Hong Kong, this and day of March, 1955-
Accounts
and audit.
Servants and advisers.
Cost of
10. (1) The trustee shall cause proper accounts to be kept of all income and expenditure of the fund, and such accounts shall be audited at least once in every year by an auditor appointed from time to time by the Governor.
(2) A copy of such accounts, together with a copy of a report by the committee on the administration of the fund during the previous academic year, shall be submitted to the Governor not later than the 31st day of December in every year.
11. (1) The committee may appoint upon such salary and upon such terms as it may think proper such servants as it may think necessary for the purpose of carrying on the provisions of this Ordinance, and may employ any professional persons to advise it on any matter arising out of or in connexion with such provisions.
(2) All salaries and fees of any person so appointed or employed shall be paid by the trustee out of the fund.
12. The cost of administering the fund shall be paid out of administra the fund.
tion.
Sub-
scribers
13. Any person, and any firm, company, corporation or other before 30th body whatsoever, who or which makes a subscription to the fund June, 1955, on or before the 30th day of junc, 1955, shall be deemed to he
to be
deemed founders.
a founder.
Deputy Clerk of Councils.
(Secretariat 1/1966/54)