1951-HKRS30-8-41_Part03 — Page 13

"instruction period" means a period of instruction of

one hour's duration;

"member of the Reserve" means a member of Hong

Kong Police Reserve;

"training" means a period of attendance of not less than 6 hours' duration at a time and place specified by The Commissioner;

"Reserve" means the Hong Kong Police Reserve.

Clerk of Councils,

COUNCIL CHAMBER,

11th September, 1951.

LEGISLATIVE COUNCIL RESOLUTION.

RESOLVED

That there shall be established a fund styled the Trading Reserve Fund;

That the Fund or any part of it may be held in Hong Kong dollars or in sterling and shall be administered by the Financial Secretary and may be invested by the Financial Secretary in such securities as may be approved by the Secretary of State;

That there shall be appropriated to the Fund the sum of thirty million dollars from the profits which have accrued from the trading and financing operations of the Department of Commerce & Industry up to the 31st March, 1950;

That in the event of the trading and financing operations of the Department of Commerce & Industry subsequent to the 31st March, 1950 resulting in an overall loss in any financial year, then such loss shall be charged to the Fund,

COUNCIL CHAMBER,

rgth September, 1951.

Deputy Clerk of Councils.