1963-HKRS30-8-54_Part06 — Page 23

AUTHORIZED MAXIMUM STOCK BALANCES,

Resolution made and passed by the Legislative Council on the 30th day of September, 1964.

WHEREAS

(1) determination of the limit for the maximum value of standard stocks of unallocated stores held by the Government of the Colony is subject to the approval of this Council;

(2) the present limit of twenty-four million dollars for the Stores Department which was fixed in 1960 is now inadequate: NOW, THEREFORE, be it resolved that approval be given to the determination that the normal limit for the maximum value of standard stocks of unallocated stores held by the Stores Department shall be thirty million dollars ($30,000,000.00),

COUNCIL CHAMBER,

30th September, 1964.

(Secretariat FR38/86/52)

Deputy Clerk of Councils.