Establishdat of
Prentuna çarçafa bo
Food.
Payment by
The Boatd Encres
The Fund.
Exchute word. Mnansal year.
Bank petquqi
Comeument of funds.
AUBERKULI.
14
PART VI
FINANCIAL Provisions
27. (1) There is hereby established a Pneumoconiosis Compensation Fund which shall consist of-
(2) any moneys recovered by way of levy and surcharge;
(b) any modeys provided by the Governmeal for the purposes of
the Fund; and
(c) any other moneys lawfully received by the Board for its purposes.
(2) The Fund shall be vested in the Board.
26. The Board shall pay from the Fund the following-
(a) compensation under this Ordinance:
(b) damages, interest and costs payable or settled under section 13; (c) any sums payable under section 19;
(d) medical expenses;
(e) medical examination fees for medical examinations under sec
tion 23;
( expenses incurred by the Board for the purposes of this Ordinance; (e) any other sums payable by the Board by virtue of or under this
Ordinance.
29. (1) In each financial year, before a date to be appointed by the Governor, the Board shall submit to the Governor a programme of its proposed "activitics and estionales of its income and expenditure for the next financial year:
Provided that the programme and estimates for the first financial year of the Board shall be forwarded as soon as is practicable after the com- mencement of this Ordinance.
(2) The Board may, from time to time, with the prior approval of the Governor, fix a period to be the financial year of the Board.
30. (1) The Board shall open and maintain an account with a bank approved by the Director of Accounting Services.
(2) The Board shall pay all moncys received by it into the account referred to in subsection (1).
31. All funds of the Board that are not immediately required may be-
(a) deposited on fixed term or call deposit or in a savings account in any bank nominated by the Financial Secretary either generally or in any particular case, for that purpose; or
(6) subject to the prior approval of the Financial Secretary, invested
in such investments as the Board thinks fit.
32 (1) The Board shall maintain proper accounts and records of aN income and expenditure.
(2) After the end of each financial year, the Board shall cause to be prepared statements of income and expenditure during the previous financial year and of the assets and liabilities of the Board on the last day thereof.
K_
15
33. (1) The Board shall appoint auditors, who shall be entitled at Audited. any time to have access to all books of account vouchers and other financial records of the Board and to require such information and ex- planations thereof as they may think fit.
(2) The auditors shall audit the statements prepared under section 32(2) and shall report thereon to the Board.
34. (1) The Board shall, within 6 months after the end of each Statement and financial year or such further time as the Governor may la any particular pore to be year allow, submit to the Governor a report on the activities of the Board of Lezentive bud wa mbe and copies of the statements prepared under section 32(2) and the report Council. made under section 33(2).
(2) The Governor shall cause the reports and statements received by him under subsection (1) to be laid on the table of the Legislative Council
PART VII
LEVY
kry.
35. (D) A levy shall be imposed in accordance with this Ordinance Impoon of on the value of all construction works undertaken in Hong Kong on or after the date of commencement of this Part and shall be payable by every contractor who undertakes any such worka.
(2) A levy shall be imposed in accordance with this Ordinance on the value of quarry products produced on or after the date of commence- meat of this Part and shall be payable by every quarry operator.
36. (1) The Legislative Council may by resolution prescribe the Rate of ley. rate of levy.
(2) The tale of lovy prescribed under subsection (1) shall be based on the value of constraction works or quarry products, as the case may
be.
(3) The rate of levy prescribed under subsection (1) shall come into effect 30 days after the publication of the resolution in the Gazette,
(4) A resolution under subsection (1) may provide that construction works the value of which does not exceed an amount specified in the resolution shall not be liable to the levy.
Payment of
moncharge.
37. (D) The amount of levy, or of any surcharge that may be imposed in such circumstances as may be prescribed, shall be paid by the contractor y and or quarry operator, as the case may be, to the Board within such Gme as may be prescribed.
(2) Payment shall be made in accordance with subsection (1) uotwith- standing that the contractor or quarry operator may wish to object to the levý assessed or surcharge imposed under this Ordinance.
38. (1) Any amount of levy or surcharge due and payable under this Recovery of Ordinance shall be recoverable as a debt due to the Board.
VT.
(2) An action under subsection (1) may be brought in the Court notwithstanding that the amount due exceeds the civil jurisdiction of the Court as may from time to time be determined under the District Court (Cap. 236.) Ordinance,
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