(b) Any Deputy or Sub-Librarian shall be appointed by the
Council after consultation with the Senate.".
Registra
27th June, 1966.
(Secretariat GR1/1946/51)
IMMIGRATION SERVICE ORDINANCE 1961.
(No. 30 of 1961).
IMMIGRATION SERVICE (WELFARE FUND) REGULATIONS 1966.
In exercise of the powers conferred by section 20 of the Immigra- tion Service Ordinance 1961, the Governor in Council has made the following regulations-
1. These regulations may be cited as the Immigration Service Citation. (Welfare Fund) Regulations 1966.
2 (1) All moneys due to the Immigration Service Welfare Fund Maintenance (hereinafter referred to as the Fund) shall immediately be paid in full of Fund. to the Accountant General who shall credit them to an account entitled Deposits-Immigration Service Welfare Fund".
(2) The Accountant General shall render to the Director after the cksing of each month's accounts a return showing all transactions of
Fund in his accounts during the previous month.
3. All sums considered by the Director to be surplus to the Investiment
normal requirements of the Fund shall at his request-
(z) be invested in such securities or deposited in such manner in the Colony by the Accountant General as the Financial Secre- tary may from time to time approve for that purpose; or (b) be remitted to the Crown Agents for investment in such securities or deposit in such manner as the Secretary of State may from time to time approve for that purpose, and the dividends or interest accruing from such investments or deposits shall be credited to the accoupt referred to in regula- tion 2.
investments.
4. All investments of the Fund shall be valued at the middle Valuation of market price in Hong Kong or London on the 31st March in each year, and the balance of the Fund on that date shall be increased or decreased
may be required în accordance with such valuation.
Investments.
5. Should at any time the uninvested portion of the Fund fall Realiza- below a figure which in the opinion of the Director is the minimum tion of necessary for the normal requirements of the Fund, he shall request the Accountant General to sell on the local market or in London such part of the Fund's investments as will together with the existing uninvested portion provide an adequate working balance.