7
Power to enter and inspect
buildion.
Power so take possession MA dispone el properly.
from the industrial estate by an authorized officer who may use such force as may be reasonably necessary to remove such person and, for that purpose, may request the assistance of a police officer or any other person.
16. Notwithstanding the terms of any lease, an authorized officer may at all reasonable times in pursuance of his duties enter and inspect any building or part thereof in an industrial estate.
IT. (1) The Corporation may take possession of any property-
(a) found on land in an industrial estate which has been the subject of a lease, after the tenant has left the land following the termination of his leage:
(8) which is placed in or affixed to land in an industrial estate which is the subject of a lease in contravention of any condition in the lease;
(c) which appears to an authorized officer to have been left or abandoned on land in an industrial estate which is not the subject of a lease: or
(d) which causes an obstruction or quisauce on or in any land
In an industrial estate which is not the subject of a lease. (2) The Corporation shall post on or near the premises or place where the property is or was situate a notice setting out details of the property of which it has taken possession under subscction (1) and shall, in such notice, require any claimant to submit his claim to the property
() in the case of property referred to in subsection (1)(a), within such time as is specified in the notice being not less than 7 days after the day on which the notice is posted; and
(5) in the case of property referred to in subsection (1)(8), (c) and (2), within 2 days after the day on which the notice is posted.
(3) The Corporation may refuse to return any property of which it has taken possession under subsection (1) unless it is satisfied that the claimant is the owner of the property,
(4) The Corporation may recover from a claimant to whom any property, of which it has taken possession under subsection (1) is returned any expenses incurred by it in the removal and storage of The property.
(3) Any property of which the Corporation has taken possession under subsection "(1)," which is not claimed within the time referred to in subsection (2) or which the Corporation refuses to return under sub- section (3) to any person, may be disposed of by it by sale or otherwise free from the rights of any person.
(6) If, within 6 months after the day on which the notice was posted under subsection (2), any person satisfies the Corporation that, at the time any property was sold pursuant to subsection (5), he was the owner of the property, the Corporation shall pay to such person the balance of the proceeds of sale after deducting any expenses incurred by it in the removal, storage and sale of the property.
(7) Neither the Corporation nor any authorized officer shall be liable for any loss or damage suffered by any person in consequence of anything done under this section.
PART IV
FINANCIAL
working credit.
18 The Financial Secretary may, out of moneys appropelated by the Provisions of Legislative Council for the purposes of this Ordinance, authorize payment to the Corporation of such sums, on such terms with respect to the payment of interest, as he may determine for the purpose of enabling the Corporation to carry out its purposes,
19. (0) The Corporation shall be indebted to the Government in a Dem of the sum equal to0-
(a) any sums paid to the Corporation under section 18;
(b) the expenditure incurred by the Government in relation to the investigation, planning and development of land in an industrial estate and the constñuelion of buildings thereon; and
(c) any other expenditure incurred by the Government in relation
Load industrial estate.
(2) The Financial Secretary may determine the amount of the id- debtedness under subsection (1) by certificate or certificates under his hand and be may for sufficient cause reduce or increase any amount so certified.
(3) The indebtedness of the Corporation under subsection (1) and Any faterest theroon shall be discharged in such manner as the Financial Secretary directs.
(4) In subsection (1)
"expenditure" includes, in relation to the matters mentioned in that sub- section, any loss, debt, cost, expense or liability whenever incurred and whether actual or continger, liquidated or unliquidated.
Corporadoa,
20. The Corporation may, with the approval of the Financial Power ba Secretary, borrow or otherwise raise money and charge all or any part borrow money, of its property as security therefor, and pay interest on any modey so borrowed or raised.
21 (1) The Corporation shall open and maintain accounts with Book accouser. such banks as the Financial Secretary may approve.
(2) The Corporation shall pay all moneys received by it into any much account.
22. All funds of the Corporation that are pot immediately required ravestment of shall-
(a) be deposited in any bank or savings bank nominated by the Financial Secretary, either generally or in any particular case, for that purpose,
(6) if the Financial Secretary so directs, be deposited with the Hong Kong Treasury on such terms and conditions as the Financial Secretary may specify: or
(c) subject to the prior approval of the Financial Secretary, be in-
vested in such investments as the Corporation thinks fit.
23. The Governor in Council may declare any part of the funds of the Corporation to be surplus funds and direct the payment of such surplus funds into the general revenue of Hong Kong.
surplus fondi.
Payment of park funds
Into penera
revenue.
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