Temporary advances to Fund.
Payments oul of Fund.
Loans from Frad.
Writing off
of assets or debts.
Andusi accounts.
2
6. (1) Pending the realization under regulation 5 of any d the investments of the Fund, the Accountant General may, with a approval of the Financial Secretary, advance to the Fund such sum sums as he considers necessary for the proper administration thead
(2) The Accountant General shall, out of the proceeds of the ak of the investments that are realized under regulation 5, recover amount of the sum or sums so advanced to the Fund, together we interest thereon at the rate eamed by the Government on its as Current Account with the Hongkong and Shanghai Banking Curpos tion or on its deposits in the Joint Consolidated Fund, whichever is higher.
7.
Every voucher submitted to the Accountant General in repe of a payment to be made out of the Fond shall be certified by v Commandant or by a public officer authorized in that behalf by Commandanı.
8. Unless the Commandant otherwise determines in the casi any particular loan-
(a) the amount of a loan from the Fund shall not exceed fr
hundred dollars;
(b) a loan from the Fund shall be repaid by such mmt instalments, not exceeding twenty-four, as the Commandu specifies; and
(c) if any instalment by which a loan from the Fund is ok
repaid is due and unpaid, the whole balance of the loan t outstanding shall become repayable immediately.
9. (1) Whenever the Commandant so recommends, the Financi Secretary may, if he considers that any asset of, or debt due to, k Fund cannot be recovered, authorize the writing off of the asset or dek
(2) The writing off of any asset or debt with the authority of the Financial Secretary shall not affect any right to recover the same.
10. (1) The Commandant shall cause proper accounts to be k of all transactions of the Fund and shall cause to be prepared for ext period of twelve months ending on the thirty-first day of March in year a statement of the accounts of the Fund, which shall includ: income and expenditure account and balance sheet and shall be sig by the Commandant.
(2) The accounts of the Fund and the signed statement of accounts shall be audited by the Director of Audit, who shall cath the statement subject to such report, if any, as he thinks fit.
(3) A copy of the signed and audited statement of accounts. together with the report of the Director of Audit thereon, if any, and a report by the Commandant on the administration of the Fund during the period covered by the audited accounts shall be laid on the Table of the Legislative Council not later than the thirtieth day of September next following the end of that period or so soon thereafter as the Governor, in his absolute discretion, may allow.
COUNCIL CHAMBER,
9th August, 1962.
Explanatory Note.
весия
Clerk of Councils.
1
[This Note is not part of the regulations, but is intended to indicate their general purport).
These regulations provide for the control and administration of the newly established Hawker Control Force Welfare Fund, Their provisions are identical to all intents and purposes with the provisions for the control and administration of the Police Force Welfare Fund, the Fire Services Department Welfare Fund and the Prisons Department Welfare Fund.
(Secretariat GR17/3231/60)