Etablisbotnt
of Provizinguali Authorion
Incorporadou.
Purposed at the Provisional
Authority.
IPADO NIPUO
of the
Provisional Authority,
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3. (1) There is hereby established the Hong Kong Industrial Estates Provisional Authority,
(2) The Provisional Authority shall consist of such members as the Governor may appoint. The Governor shall appoint a member to be the chairman, and a member to be the deputy chairman, of the Provi- sjonal Authority.
(3) A member of the Provisional Authority may at any time resign his office by notice in writing addressed to the Governor.
(4) The Provisional Authority shall have power to regulate its own procedure.
(5) The chairman or, in his absence, the deputy chairman of the Provisional Authority shall preside at meetings of the Provisional Authority and in their absence such member shall preside as the members present select.
4.
The Hong Kong Industrial Estates Provisional Authority shall be a body corporate with perpetual succession, and a common scal and shall be capable of holding and disposing of all kinds of property, of suing and being sued and of doing and suffering all such other acts and things as bodies corporale may lawfully do and suffer.
5. The purposes of the Provisional Authority shall be-
(a) to construct industrial estates; and
(6) to manage and control industrial estales.
6. (1) Subject to section 11, the Provisional Authority shall have powers-
(a) to do such things as are expedient for or conducive to the attain- ment of the purposes declared in section 5 or of any purpose reasonably incidental to or consequential upon any of those purposes;
(b) to do any thing under paragraph (a) in association with other persons, including departments or authorities of the Government.
(2) Without restricting the generality of subsection (1), the Provi siona! Authority may, for the purposes referred to therein-
(a) purchase, acquire, lease or surrender any land;
(b) lay out industrial estates for lease, underletting or sale;
(c) dispose of any land held by it on Crown lease for the purposes of industrial sites subject to the terms and conditions of the Crown lease but otherwise on such terms and conditions as it thinks fit:
(d) let to any person, for any period, any land in an industrial estate subject to the payment of a premium and ground rent, or rent without a premium, and determine the terms, covenants and conditions on which such land may be let or occupied; (e) appoint on such terms and conditions as it thinks fit such staff the Provisional Authority considers Decessary for the establishment of industrial estales:
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( enter into arrangements with persons, firms or agencies for the
supply of services or facilities;
(g) make use of the personnel, facilities and services of any depart- ment of the Government to any extent not incompatible, in the
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opinion of the Colonial Secretary, with the administration of such department;
(h) delegate to any member of the Provisional Authority, to the extent provided in the resolution of delegation, any of the powers conferred by this section.
7.
(1) The Governor may, by order in the Gazette, designate and Induce name an industrial estate comprising such land as is shown on a plan. CRATES.
(2) The Governor may, by order in the Geterle, add to or alter the area of an industrial estate by causing such addition or alteration to be shown on the plan prepared under subsection (1)
(3) A plan under subsection (1) shall be deposited in the appropriate New Territories Land Office within the meaning of section 1012) of the New Territories Ordinance and in the Land Office in Victoria, and notice «C«p. 973 of such deposit (together with the addresses of the Land Offices in which
the plum is deposited) shall be published in the Gazette.
8. (1) There is hereby established a fund called the Pong Kong Fuada of tha Industrial Estates Fund.
(2) The funds of the Provisional Authority shall consist of such suITIS as may be made available by the Government in the Hong Kong In- dustrial Estates Fund.
Provisiodet Authors.
9. All Funds of the Provisional Authority that are not immediately Investmeal of required shall-
(a) be deposited on fixed deposit in any bank or savings bank nominated by the Financial Secretary, either generally or in any particular case, for that purpose;
(6) subject to the prior approval of the Financial Secretary, be in- vested in such investments as the Provisional Authority thinks fit; or
(c) if the Financial Secretary so directs, be deposited with the Hong Kong Treasury on such terms and conditions as the Financial Secretary may specify.
surplus foods.
10. (1) The Provisional Authority shall keep, under the general direc- Accounts and tion of the Accountant General, proper accounts and other records and plements, sholl prepare in respect of each financial year a statement of accounts. which after audit and report such auditor as the Governor may appoint shall be furnished to the Governor.
(3) The Financial Secretary shall without delay lay a copy of every such statement and report on the table of the Legislative Council,
11. (1) The Governor may give such directions as he thinks fit, either Power of the generally or in any particular case. with respect to the exercise or per- Goremor to formance by the Provisional Authority of any power or duty under this mire directons, Ordinance.
(2) The Provisional Authority and every public officer shall in the exercise or performance of soy power or duly under this Ordinance, comply with any directions gived by the Governor under subsection (1)
12. The Provisional Authority is not the servant or agent of the Provisional Crown and does not enjoy any status, immunity or privilege of the Crown. Authority bot
deryabi ot ament of the Cowb.