1966-HKRS29-8-33_Part02 — Page 43

Establishment and tacor- poration of the Hoog Kong Trade Development Council.

Functiona of the Council).

General powers of

the Council.

of the Chairmau so appointed, the person (if any) appointed under subsection (6) of that section to act as Chairman or, if no person has been appointed to act as Chairman, the vice-chairman ap- pointed under section 12:

"committee of the Council" means a committee appointed by the

Council under paragraph (f) of subsection (1) of section 5; “Council" means the Hong Kong Trade Development Council

established by section 3;

"Executive Director" means the executive director of the Council ap-

pointed under paragraph (e) of subsection (1) of section 5: "financial year" means the period commencing on the 1st day of April each year and ending on the 31st day of March in the year following except that the period from the establishment of the Council to the 31st day of March next thereafter shall be deemed to be a financial year.

3.

PART II.

THE HONG Kong Trade DevelopmentT COUNCIL.

There is hereby established a council to be called the Hong Kong Trade Development Council which shall, in that name, be a body corporate with perpetual succession and shall be capable of suing and being sued, and subject to this Ordinance of doing and suffering all such other acts and things as bodies corporate may lawfully do sad suffer.

4. The functions of the Council shall be

(a) to promote, assist and develop Hong Kong's overseas trade,

with particular reference to exports; and

(b) to make such recommendations to the Government as it sees fit in relation to any measures which it considers would achieve an increase in Hong Kong's trade.

5.

(1) Subject to section 8, the Council may do all such things as are calculated to facilitate, or as are incidental or conducive to, the better carrying out of its functions and to such end may in particular. but without prejudice to the generality of the foregoing-

(a) acquire, take on lease, purchase, hold and enjoy any property

and sell, let or otherwise dispose of the same;

(b) establish and maintain offices both in Hong Kong and overseas; (c) enter into any contract;

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(d) publish periodicals, booklets and other written material, and produce or sponsor the production of documentary films and other audio-visual material, and distribute the same by sale or by loan, hire or otherwise with or without charge as the Council thinks fit:

(e) from time to time and subject to Part V, appoint an Executive Director to be the chief administrative officer of the Council and such other officers, servants and agents, both in Hong Kong and overseas, as it considers necessary to secure the efficient discharge of its functions; and may employ any pro- fessional person, in Hong Kong or overseas, to advise the Council on any point arising out of or in connexion with any of the functions or powers of the Council;

() appoint a committee for any such general or special purpose as in the opinion of the Council would be better regulated and managed by means of a committee:

(g) borrow or otherwise raise money on such security as may be necessary, and, for that purpose, charge all or any part of the property of the Council, but without the prior approval of the Financial Secretary no sum shall be borrowed or other- wise raised under this paragraph which itself or together with all other sums previously borrowed or otherwise raised under this paragraph and still outstanding exceeds or in the aggregate exceed ten per cent of the total estimated expenditure approved under section 22 for the current financial year including the unallocated balances and surpluses (if any) shown in the estimates for the same year; and

(A) charge for the use of any facility or service provided by the

Council.

(2) (a) The number of members of a committee of the Council

and their term of office shall be fixed by the Council,

(b) A committee of the Council may include persons who are not

members of the Council.

(c) The Council may make rules respecting the quorum, proceed- ings and place of meeting of any committee of the Council.

6. The Council may, with the approval of the Governor, establish. Provident manage and control, or enter into an arrangement with an insurance fund scheme. company or association for the establishment, management and control

by such company or association either alone or jointly with the Council of a provident fund scheme for the benefit of all or any of the officers or servants of the Council or of any specified class of officer or servant of the Council, and if so required by the rules governing such scheme may make contributions thereto in accordance with such rules.