TNAG-1989-FCO40-2822-Hong-Kong-Telecommunications-(Amendment)-Ordinance-1989-(No.-1989 — Page 35

A456

Ord. No. 49/89

LI PO CHUN CHARITABLE TRUST FUND (AMENDMENT)

HONG KONG

No. 49 OF 1989

LI PO CHUN CHARITABLE TRUST FUND (AMENDMENT)

Ord. No. 49/89

A457

Express powers of committee

3.

Section 9(2) is amended-

(a) by repealing “6(2)” and substituting “6(1) and (2)”;

and

(b) by adding "or for any other purpose" after "income".

Application of income allocated for

L.S.

I assent.

David WILSON, Governor.

20 July 1989

An Ordinance to amend the Li Po Chun Charitable Trust Fund Ordinance.

[21 July 1989]

Enacted by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof.

Short title

1. This Ordinance may be cited as the Li Po Chun Charitable Trust Fund (Amendment) Ordinance 1989.

The trust

2. Section 6(1) of the Li Po Chun Charitable Trust Fund Ordinance (Cap. 1110) is repealed and the following substituted—

"(1) The trustee shall, at the direction of the committee, apply—

(a) the income of the fund, in such proportions as the committee may in its

discretion decide-

(i) for educational purposes in accordance with the Schedule; and

(ii) for payment to the Director of Social Welfare for use by him for the relief of distress in cases for which no adequate assistance is available from other sources; and

(b) the capital of the fund for such educational purposes, including the establishment or endowment of educational institutions in Hong Kong, as the committee may in its discretion decide.".

educational purposes

4. The Schedule is amended-

(a) in paragraph 3, by repealing sub-paragraph (7) and substituting—

“(7) Such number of scholarships as the committee may decide, may be awarded in each year to students in secondary schools, who are selected by the Director of Education."; and

(b) by repealing paragraph 4 and substituting—

"Other educational purposes

4. Any balance remaining after making provision for the scholar- ships referred to in paragraphs 2 and 3, may be applied for such educational purposes as the committee may in its discretion from time to time decide.".

Passed by the Hong Kong Legislative Council this 19th day of July 1989.

LAW Kam-sang,

Clerk to the Legislative Council.

This printed impression has been carefully compared by me with the bill, and is found by me to be a true and correctly printed copy of the said bill.

LAW Kam-sang,

Clerk to the Legislative Council.