Fiasncial control
By-laws.
(e) delegate, subject to any orders made by the Governor under section 9, such of its powers as the Organization may deem expedient for the due conduct and manage- ment of its functions:
() borrow money on such terms as may be approved by the
Governor.
14. (1) All moneys received, including any moneys bor- rowed, by the Organization shall be brought to account and shall be administered by it for the purposes of this Ordinance, and any moneys so brought to account may be left on current or deposit account with any bank or invested in such mortgages, debentures, stocks, funds, shares or other securities as the Governor may
approve.
(2) The Organization shall keep proper accounts and shall prepare a statement thereof for every period of twelve months ending on the 31st day of March. The accounts and the state- ment thereof shall be audited by an auditor appointed by the Governor and such auditor shall certify the statement subject to any report which he may think fit to make. The audited state- ment together with the auditor's report, if any, shall be laid on the Table of the Legislative Council not later than the 30th day of September next following the end of the period to which such Statement relates or so soon thereafter as the Governor may in his discretion allow.
(3) The Organization shall submit to the Governor annual estimates of income and expenditure and shall not incur expendi- ture beyond that in the approved estimate without the prior con- sent of the Governor t
Provided that nothing in this subsection shall prevent the Organization incurring and making provision for necessary day to day expenses pending the approval of its annual estimate.
16. (1) The Organization may make by-laws concerning the wholesale marketing of marine fish for the purpose of
() regulating the landing, transport and storage of marine
fish;
(b) regulating the conduct of markets, depots and ancillary
establishments established under section 11;
(c) providing registers of persons authorized to buy marine fish in markets, the conditions to be observed by such persons and for the removal from registers of the names of persons failing to comply with such conditions; (d) requiring persons concerned in the fisheries industry to supply such information as it may require in connexion with such wholesale marketing;
(e) specifying the forms to be used;
charging fees, rates of commission and other charges; (g) carrying out the functions of the Organization set out in
section 11.
(2) Such by-laws may prescribe contraventions thereof which shall constitute offences and may prescribe penalties not exceeding five hundred dollars.
(3) Such by-laws shall be submitted to the Governor, shall be subject to the approval of the Legislative Council and shall take effect subject to any regulations made under section 4.
(4) Copies of such by-laws shall be kept at each market and shall be available for public inspection at such times as the market is open to the public.
16. (1) There shall be a Fish Marketing Advisory Board Fish (hereinafter called "the Board"), which shall be a consultative Marketing
Advisory body for advising the Governor and the Organization upon any Board. matters referred to it by the Governor or by the Organization.
(2) The Board shall consist of the person for the time being occupying the office of Director and not more than six other per- sons appointed by the Governor.
(3) The person for the time being occupying the office of Director shall be ex officio the chairman of the Board, but in the event of his absence from any meeting the members present 'shall appoint any other of its members as chairman.
(4) A member appointed by the Governor shall hold office for one year and may be reappointed at the pleasure of the Governor.
(5) Three members of the Board shall form a quorum.
(6) The marketing officer shall be ex officio secretary to the Board, and shall forward a record of every meeting to the