Secretary.
Power to policit and take dona- Gion, and bequests.
Borrowing powers.
Accounts
(b) for the maintenance of good order at meetings of the committee;
and
(c) generally for matters relating to the administration and management of the fund and the discharge of the duties of the committee.
(2) A copy of every standing order made under subsection (1) shall be furnished to the Colonial Secretary and every standing order shall be subject to disallowance by the Governor.
(3) All questions arising at any meeting of the committee shall be decided by a majority of votes of members present and, in the case of an equality of votes the Chairman shall have a casting vote in addition to his original vote.
7. (1) There shall be a secretary to the committee who shall be appointed by the Governor.
(2) The secretary shall summon such meetings of the committes as may be required of which he shall give to each member thereof not less than seven days notice with an agenda.
(3) The secretary shall maintain minutes of each meeting of the committer.
8. The committee may, from time to time, solicit and accept on behalf of the trustee donations and bequests to the fund,
9. The trustee may borrow such sums of money at such rates of interest and subject to such terms or conditions as the committes may from time to time direct for the furtherance of any of the purposes specified in section 4, and, with the prior consent of the Governor, may charge the capital and assets of the fund as security for the repayment thereof.
10. (1) The trustee shall cause proper accounts to be kept of all transactions of the fund and shall cause to be prepared for every period of twelve months ending on the 31st day of March in each year, a statement of the accounts of the fund, which statement shall include an income and expenditure account and balance sheet and shall be signed by the trustee.
(2) The accounts of the fund and the signed statement of the accounts shall be audited by an auditor appointed by the Governor and the auditor shall certify such statement subject to such report, if any, as he may think fit.
(3) A copy of the signed and audited statement of accounts to- gether with the auditor's report, if any, and a report by the trustee on
5
the administration of the fund during the period covered by the audited accounts shall be laid upon the Table of the Legislative Council not later than the 30th day of September next following the end of such period or so soon thereafter as the Governor in his absolute discretion may allow
11. The trustee may invest any monies in such investments, Investments, whether or not such investments are trust investments, as the committee may direct subject. in the case of investments which are not trust in- vestments, to the prior approval of the Financial Secretary and may remit monies comprised in the fund through the Accountant General to the Crown Agents for investment in the name of the trustee.
12. The cost of the administration of the fund shall be a charge Cost of
administra- on the general revenue of the Colony:
tion.
Provided that the Financial Secretary may direct that an annual supervision fee to be determined by him shall be charged against the income of the fund and paid into the general revenue of the Colony.
13. Nothing in this Ordinance shall affect or be deemed to affect Saving. the rights of Her Majesty the Queen, Her Heirs or Successors, or the rights of any body politic or corporate or of any other persons except such as are mentioned in this Ordinance and those claiming by, from or under them.
This printed impression has been carefully compared by me with the Bill which passed the Legislative Council on the 16th day of August, 1961, and is found by me to be a true and correctly printed copy of the said Bill.
(Secretariat GR2/4821/60)
Rappear
Deputy Clerk of Councils.