TNAG-1804-FCO40-2564-Hong-Kong-health-services-various-ordinances-1988 — Page 177

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QUEEN ELIZABETH FOUNDATION FOR THE MENTALLY HANDICAPPED BILL 1988

2. By this Bill the management of the Foundation and its assets becomes the responsibility of a Council to be appointed by the Governor (clauses 5 and 6). The Council in turn is given power to create advisory committees (clause 7) and to appoint assistants and managers of the assets (clause 8). A restriction on the application of the original capital is imposed by clause 6(2). Provision is made for the conduct of the Council's business (clause 11) and the keeping of accounts (clause 12) including a requirement for annual accounts and reports to be laid on the table of the Legislative Council (clause 13).

3. By clause 12(2) the Director of Audit is made auditor of the Foundation's accounts and clause 14(a) contemplates that the Government may provide administrative services to the Foundation. The Bill therefore has minor implications for Public Service staffing, but the costs can be offset by the administration fee provided for by clause 14(b).

4. The Bill authorizes payments totalling $60 million out of the Special Coin Suspense Account and the general revenue, but otherwise has no implications for public finance.

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