Duties of accountant audit
Annual accounts.
Tabling,
(vi) educational expenses; (vii) entertainment expenses;
(vii) medical and dental attention not covered by the
Government medical services;
(ix) grants on death of serving police or pensioners; (x) other suitable purposes under this heading;
(c) loans to police officers.
(2) purchase of securities in accordance with regulation 3.
10. The Accountant General will keep the accountant of the police force informed of all transactions on account of the Fund's investments and the latter will balance his accounts monthly and reconcile them with the deposit account maintained by the Accountant General. The accounts will be subject to periodical audit by the Director of Audit.
11. As soon as possible after the 31st March in each year the accountant of the police force, will prepare a receipts and payments account covering the transactions of the Fund for the year ended on the previous 31st March, together with a balance sheet showing the state of the Fund as at the same date. The total receipts and payments of the Fund for the year shall be summarized in the former under the various headings set out în regulation 9. The balance sheet shall show the value of the Fund as on the 1st April in the preceding year, the excess of receipts over payments or payments over receipts for the year Logether with the appreciation or depreciation in the valuation of the Fund's investments, the total value of the Fund, the cash balance of the Fund and the market value of investments. There shall be attached to the Balance Sheet a detailed statement of investments held by the Fund at that date showing purchase price nominal value and current market value in each case.
12. After examination by the Director of Audit, the Balance Sheet Statement of receipts and payments, showing the opening and closing balances, and Statement of outstanding loans, shall be laid before the Legislative Council
COUNCIL CHAMBER,
8th January, 1953- (Secretariat 56/2524/45)
uptow Deputy Clerk of Councils.
POLICE FORCE ORDINANCE,
(Chapter 232).
POLICE (Welfare Fund) (Amendment) REGULATIONS, 1953+
In exercise of the powers conferred by section 40 of the Police Force Ordinance, the Governor in Council has made the following regulations
1. These regulations may be cited as the Police (Welfare Citation. Fund) (Amendment) Regulations, 1953.
Regulation 7 of the Police (Welfare Fund) Regulations, Amendment
of regula- 1953. (hereinafter referred to as the principal regulations) is tion amended by the deletion from the third line of the word (G.N.A.
8/53) "personally".
3.
The principal regulations are amended by the addition Addition
of new after regulation g of the following new regulation-
regulation 9A.
"9A. Upon a recommendation of the Commissioner the Financial Secretary may authorize the writing off of any asset or any debt due to the Fund which he considers irrecoverable ; Provided that any such write-off shall take effect for the pur- pose of accounting records alone and shall not extinguish any right of the Fund to recovery of any such asset or debt.'
COUNCIL CHAMBER,
25th September, 1953-
Deputy Clerk of Councils.
Explanatory Note.
**
Amendments early this year to the Police Force Ordinance provide that the Deputy Commissioner may in certain circumstances met for the Commissioner. Regulation 2 of these amendments has the effect of ensuring that this provision shall extend to the Welfare Fund Regulations.
Provision is also made that the Financial Secretary may in proper cases authorize the writing off of irrecoverable items in the welfare fund.
(Secretariat 36/2524/45)
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