TNAG-1617-FCO40-2225-Executive-Council-of-Hong-Kong-memoranda-and-minutes-of-meet-1987 — Page 28

Clause.

surplus funds in such investments as it thinks fit.

28 specifies an auditor's rights in relation to the

accounts of the Corporation. Clause 29 provides that Part

VIII is not to apply to the Ocean Park Trust Fund. (The

Fund has separate financial requirements under Part IX).

Clause 30 establishes the Ocean Park Trust Fund.

The Fund will consist of a $200 million donation by The

Royal Hong Kong Jockey Club and such other moneys and

assets as may be donated, subscribed or bequeathed to the

Fund or acquired by the Corporation for the Fund.

11.

12. Clause 31 specifies the purposes for which the

Fund may be used. Unless otherwise approved by the

Governor in Council, the principal of the Fund may only be

applied to meet capital expenditure on development projects

for Ocean Park.

13. Clause 32 provides for the investment of moneys

of the Fund. Clause 33 specifies the accouncing

requirements of the Fund. Clause 34 provides that the Fund

shall not be used as security. Clause 35 specifies an

auditor's rights in relation to the accounts of the Fund.

14. Clause 36 provides that the Corporation is not a

servant or agent of the Crown. Clause 37 empowers the

Governor to request information from the Corporation.

38 empowers the Governor in Council to give directions to the

Corporation if he considers it is in the public interest to

do so.

Clause

Clause 39 empowers the Corporation to make by-laws.

Clause 40 makes a consequential amendment to the Prevention

of Bribery Ordinance (Cap. 201.).