1961-HKRS29-8-28_Part03 — Page 19

Interpreta tion.

Establishment and vesting of fund.

Objeda of

the trust fund.

Establishment

2. la this Ordinance, unless the context otherwise requires-

"committee” means the committee appointed under section 5.

3. (1) There is hereby established a trust fund to be known as the Sir Robert Black Trust Fund (hereinafter referred to as the fund), which shall, on a day to be appointed by the Governor by notice in the Gazette (hereinafter referred to as the vesting day), be transferred to and vested in the Secretary for Chinese Affairs Incorporated as trustee.

(2) The fund shall consist of the moneys referred to in the pre- amble together with any sum accumulated by way of interest thereon, dividends and such other moneys as may be paid into the fund but less all auch proper disbursements as may be inade before the vesting day, and the fund shall include also such other moneys and assets as may from time to time after the vesting day be donated to or acquired by the trustee on the trusts hereinafter set out.

(3) So soon as may be after the vesting day, the auditor appointed under section 10 sball cause the accounts of the fund to be examined. and shall certify to the Governor the state of the fund as on the vesting day; and a copy of such certificate shall be published in the Gazette.

4. (1) The trustee shall hold and stand possessed of the fund upon trust to apply the same in such manner and to such extent as the committes may advise for the following objects-

(a) to provide for persons, who appear to the committee to be of exceptional merit, opportunities for the furtherance of studies, of developing initiative and character and of acquiring greater social usefulness in particular through the qualities of personal leadership in the service of all members of the community; (b) to make grants to individuals or to groups of individuals for the furtherance of activities which appear to the committee-

() to be of social value; and

(ii) to develop qualities of personal initiative and resource; (c) to make grants for the training of individuals or groups of individuals who appear to the committee to be likely to be- come devoted leaders of community service of any kind.

(2) In selecting persons to be beneficiaries of the fund the com- mittee shall have regard to-

(a) the circumstances of the family of the proposed beneficiary;

and

(b) any qualities of the proposed beneficiary whatsoever.

5.

(1) There shall be established a committed to be known as

of commshtee. the Sir Robert Black Trust Fund Committee.

(2) The committee shall consist of—

(a) the Secretary for Chinese Affairs as ex officio member and

chairman:

(b) the Director of Education as ex officio member and vice-

chairmao:

(c) the Director of Social Welfare as ex officio member;

(d) a Chinese unofficial member of the Executive Council,

appointed by the Governor;

(e) an unofficial member of the Legislative Council, appointed by

the Governor; and

(

three other members appointed by the Governor,

(3) A member appointed by the Governor shall hold office for such period as may be specified in the letter of appointment, and may be re-appointed or removed by the Governor at his pleasure.

(4) The quorum necessary for the transaction of business by the committee may be fixed by standing orders made under section 7 and unless so fixed shall be three members.

(5) The validity of any proceedings of the committee shall not be affected by any vacancy among the members thereof or by any defect in the appointment of any member thereto.

6. Subject to the provisions of this Ordinance and the agreement Contral by of the trustee, the committee may determine all matters whatsoever committee. touching the administration of the fund and the attainment of the objects thereof.

7. (1) The committee may make standing orders- (a) governing their procedure in the transuction of business; (6) for the maintenance of good order at their meetings; and (c) generally for matters relating to the administration and manage-

ment of the fund and the discharge of their duties. (2) A copy of such standing orders shall be furnished to the Colonial Secretary and they shall be subject to disallowance, alteration or amendment by the Governor.

(3) All questions arising at any meeting of the committee shall be decided by a majority of voles of members present, and, in case of an equality of votes, the chairman shall have a casting vole in addition to his original vote.

Standing orders.

8. (1) The committee may from time to time appoint, upon such Appointment salary and upon such terms as they may think proper, a secretary, a

of officers. treasurer, and such other officials as they may think necessary for the purpose of carrying out the trusts and may employ any professional person to advise them on any point arising out of or in connexion with the said tra$18.