1960-HKRS30-8-50_Part02 — Page 24

POLICE FORCE ORDINANCE.

(Chapter 232),

POLICE (WELFARE FUND) (Amendment) REGULATIONS, 1960.

In exercise of the powers conferred by section 40 of the Police Force Ordinance, the Governor in Council has made the following regula- tions-

ek.

1. These regulations may be cited as the Police (Welfare Fund) Citation. [Amendment) Regulations, 1960.

1. Regulation 3 of the Police (Welfare Fund) Regulations, 1953, Revocation (hereinafter referred to as the principal regulations) is revoked and and replace. replaced by the following regulation-

"Investment.

ment of regulation 1.

3. All sums considered by the Commissioner to be (G.NA.

8/53) surplus to the normal requirements of the Fund shall at hiz request-

(e) be invested in such securities or deposited in such manner in the Colony by the Accountant General

(as the Financial Secretary 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 account specified in regulation 2.”.

3. Regulation 9 of the principal regulations is revoked.

Revocation of regulation 9.

4. Regulation 9A of the principal regulations is renumbered Renumbering regulation 9,

of regula- Bon 94.

5. Regulation 10 of the principal regulations is amended by the Amendment deletion of the last sentence.

of regola- tion 10.

6. Regulations 11 and 12 of the principal regulations are revoked Revoca- and replaced by the following-

"Annual accounts.

11. (1) The Commissioner shall cause proper accounts to be kept of all transactions of the Fund and shall cause to be prepared for every period of twelve months

tion and replacerdent of regulations 11 and 12