CO129-531-9 Hong Kong University- proposal to found faculty of Chinese studies 17-10-1930 - 10-6-1931 — Page 72

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[21 GEO. 5.] China Indemnity (Application)

[CH. 7.]

Act, 1931.

DIEU

DROIT

CHAPTER 7.

An Act to make further provision with respect to A.D. 1931.

the application of the China Indemnity Fund and of moneys paid on account of the China Indemnity.

[3rd March 1931.]

BE

E it enacted by the King's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:

1. (1) The China Indemnity (Application) Act, Repeal of 1925, is hereby repealed, and the China Indemnity Fund 15 & 16 formed thereunder and all sums received after the Geo. 5. c. 41

and provi- commencement of this Act on account of the China sions as to Indemnity shall be dealt with in accordance with the future provisions of this section.

application of the China (2) The payments specified in the First Schedule to

Indemnity this Act shall be made out of the China Indemnity Fund Fund and and the balance of the said Fund, so soon as all expenses receipts on properly chargeable thereto have been defrayed, shall account of be paid to the Chinese Government Purchasing Com- the China

Indemnity.

mission constituted under this Act.

(3) One half of every sum received after the com- mencement of this Act on account of the China Indemnity shall be paid to the said Commission and the other half shall be paid to such persons including persons who are British subjects (hereinafter referred to as "the Board of Trustees") as the Chinese Govern- ment may from time to time appoint to be trustees for the purpose of receiving those moneys and applying

[Price 1d. Net.]

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