TNAG-1362-FCO40-1808-Hong-Kong-Hansard-reports-and-minutes-of-the-meetings-of-the-1985 — Page 210

Sir,

SPEECH BY THE HONOURABLE THE FINANCIAL SECRETARY IN LEGISLATIVE COUNCIL : THURSDAY 18 APRIL 1985

The use which is to be made in future of the Capital Works Reserve Fund is laid down in Annex III to the Joint Declaration on the future of Hong Kong. It is important that the status of its accounts should be placed beyond question so as to demonstrate clearly that the terms of the agreement are being complied with.

Accordingly, the Audit (Amendment) Bill 1985 seeks to amend the principal Ordinance to provide for annual accounts of the Capital Works Reserve Fund to be transmitted by the Director of Accounting Services to the Director of Audit. He will examine and audit these accounts, prepare a report thereon and submit it to you, Sir, as President of the Legislative Council together with a copy of the accounts, duly certified by him. The bill is to come into operation when the Joint Declaration enters into force.

Sir, I beg to move.

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