Certification
of advance.
Loans from Fund.
Write-off.
Dutles of Accountant General and Director of Audit.
Accounts.
6. All vouchers submitted to the Accountant General in respe of payments to be made out of the Fund shall either be certified by the Director or shall have attached to them certified true copies of the Director's approval for each withdrawal. In the latter event the certificates and vouchers may be signed by an officer so authorized by the Director. The Accountant General shall pay only on the authority of the Director as indicated above and shall be advised of the name of any officer authorized by the Director to sign on his behalf.
7. Unless the Director otherwise determines in the case of any particular loan-
(a) a loan from the Fund shall be repaid by such monthly insul ments, not exceeding twenty-four, as the Director shail in bi discretion specify:
(b) if any instalment by which a loan from the Fund is to be repaid is due and unpaid, the whole balance of the loan then outstanding shall become repayable immediately:
(c) the amount of a loan from the Fund shall not exceed me
thousand dollars; and
(d) whenever it is necessary to recover the amount of a loan from the Fund, the amount then outstanding shall be deemed y be an amount due to a department of Government.
8.
Upon a recommendation of the Director, the Financial Secte tary may authorize the writing-off of any asset or any debt due to the Fund which he considers irrecoverable:
Provided that any such write-off shall take effect for the purpose of accounting records alone and shall not extinguish any right of the Fund to recovery of any such assel or debi.”
9.
The Accountant General shall keep the Director informed of all transactions on account of the Fund's investments and the laur shall balance his accounts monthly and reconcile them with the deposi account maintained by the Accountant General. The accounts shall be subject to periodical audit by the Director of Audit.
10. (1) The Director shall cause proper accounts to be kept of ⠀ all transactions of the Fund and shall cause to be prepared for even period of twelve months ending the 31st day of March in each year a statement of the accounts of the Fund, which statement shall includ an income and expenditure account and balance sheet and shall be signed by the Director.
(2) The accounts of the Fund and the signed statement of accounts shall be audited by the Director of Audit, who 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 together with the Director of Audit's report, if any, and a report by the Director on the 'adolinistration of the Fund during the period covered by the audited accounts shall be laid upon 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 the Governor, in his absolute discretion, may allow,
COUNCIL CHAMBER,
12th July, 1966.
Explanatory Nore.
Clerk of Councils.
(This Note le not part of the regulations, bur is intended to indicate their general purport.
These regulations provide for the control and administration of the Immigra- tion Service Welfare Fund, and follow closely the Preventive Service (Welfare Food) Regulations 1963.
(Secretariat GR1/3231/65)
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