CO129-334 - Governor Nathan - 1906 [5-7] — Page 26

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E

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A

BILL

entitled

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20399

23

R & JUN 06

An Ordinance to transfer to the General Revenue certain sums forming

part of the Praya Reclamation Fund.

Whereas the scheme for the reclamation of the Foreshore opposite the City of Victoria authorised by the Fraya Reclamation Ordinance, 1889, has been brought to completion and whereas for the purpose of such scheme a Fund known as "The Praya Reclamation Fund" was created by con- -tributions from the Marine Lot-holders including the Colonial Government and whereas it is expedient to close the accounts of such Fund and where- -as a sum has been set apart out of such Fund for the payment of pen- -sions to officers employed on such reclamation and whereas there is a balance due by the said Fund to the Colonial Government on account of contribution paid in excess out of General Revenue to the said Fund:

Be it therefore enacted by the Governor of Hongkong, with the advice and consent of the Legislative Council thereof, as follows:-

1. This Ordinance may be cited as The Fraya Reclamation Fund Transfer Ordinance, 1906.

2. Such monies forming part of the Praya Reclamation Fund as at the date of the passing of this Ordinance have been set apart for the payment of pensions to officers employed on the Praya Reclamation, and such monies as are required to defray the sums due to the General Revenue on account of contributions paid in excess to the said Fund by the Colonial Government, are hereby transferred to and shall form part of the General Revenue of the Colony free from any deduction by way of contribution for the defence of the Colony notwithstanding the provi- -sions of The Defence Contribution Ordinance, 1901.