1962-HKRS28-8-29_Part02 — Page 26

HONG EONG

No. 33 of 1962.

1 assent.

Ha

Governor.

11th October, 1962. An Ordinance to make provision for the winding-up of the Grant Schools Building Depreciation Fund and for matters connected therewith.

WHEREAS—

[1st April, 1960.]

(2) provision for the management of the Grant Schools Building Depreciation Fund was made by section 45 of the Education Ordinance, 1952, and the Grant Schools Building Depreciation Fund Rules, 1952:

(b) in view of the increased assistance given by the Government for the rebuilding of grant schools, it is considered unnecessary to continue such fund; and

(c) it is considered expedient to vest the total sum standing to the credit of the fund on the 1st day of April, 1960 and all interest accruing thereon since that date in the general revenue of the Colony subject to the obligations hereinafter contained:

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

Preamble.