1962-HKRS28-8-29_Part01 — Page 36

Investment

of moneys.

Accounts.

Cost of ad- ministration of the fund.

9. The trustee may invest any moneys of the fund in such invest- ments, whether or not such investments are trust investments, as the committee may advise, subject, in the case of investments which are not trust investments, to the prior approval of the Financial Secretary and may remit moneys comprised in the fund through the Accountant General to the Crown Agents for investment in the name of the trustee.

10. (1) The trustee shall cause proper accounts to be kept of all transactions of the fund and shall cause to be prepared for the period from the vesting day to the 31st day of March, 1963, and thercafler for every period of twelve months ending on the 31st day of March in each year, a statement of the accounts of the fund, which statement shall include an income and expenditure account and balance sheet and shall be signed by the trustee,

(2) The accounts of the fand and the signed statement of the accounts shall be audited by an auditor appointed by the Governor and the auditor shall certify the statement subject to such report, if any, as he may think fit.

(3) A copy of the signed and audited statement of accounts to- gether with the auditor's report, if any, and a report by the trustee on the administration of the fund during the period covered by the audited accounts shall be laid on the Table of the Legislative Council not later than the 30th day of September next following the end of such period, or so soon thereafter as the Governor, in his absolute discretion, may allow.

11. The cost of the administration of the fund, other than the salaries and fees paid under the provisions of subsection (2) of section 8, shall be a charge on the general revenue of the Colony:

Provided that the Financial Secretary may direct that an annual supervision fee to be determined by him shall be charged against the income of the fund and paid into the general revenue of the Colony,

This printed impression has been carefully compared by me with the Bill which passed the Legislative Council on the 13th day of June, 1962, and is found by me to be a true and correctly printed copy of the said Bill.

Deputy Clerk of Councils.

(Secretariat GRI/3/1866/60)

HONG KONG

No. 18 or 1962,

1 assent.

188

Governor.

14th June, 1962.

An Ordinance to amend the Hong Kong Royal Naval Reserve (General

Service) Ordinance, 1951.

[15th June, 1962.)

Be it enacted by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof, as follows-

1. This Ordinance may be cited as the Hong Kong Royal Naval Short title. Reserve (General Service) (Amendment) Ordinance, 1962.

2. Section 6 of the Hong Kong Royal Naval Reserve (General Amendment Service) Ordinance, 1951 (hereinafter referred to as the principal of section 6. Ordinance) is amended by the deletion of the word “Volunteer" from

(26 of 1951). the title "Royal Naval Volunteer Reserve".

3. The Schedule to the principal Ordinance is repealed and Repeal and replaced by the following-

replacertent

of the Schedule.

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