the Provisional Airport Authority ("the Authority").
5.
Clause 4 requires the Authority to provide an airport for civil
aviation.
6.
7.
Clause 5 enables the Governor to give the Authority directions.
Clause 6 enables the Authority to employ a chief executive
officer and other staff, to provide staff pensions and make interim
staffing arrangements with the Government.
8.
Clause 7 enables the Authority to engage consultants or advisers.
Clause 8 enables the Authority to acquire, hold or dispose of
property, make agreements and receive and expend moneys.
9.
10.
Clause 9 enables the Authority to delegate and sub-delegate its
functions.
11.
etc.
12.
Clause 10 requires the Authority to prepare an annual report,
Clause 11 provides for the Authority's financial year.
13. Clause 12 requires the Authority to keep proper accounts and.
records of financial transactions.
14.
Clause 13 provides for audit.
15. Clause 14 enables the Authority to invest surplus funds.
16.
Clause 15 enables the Authority to borrow money (including money
in a currency other than that of Hong Kong).
17.
the Government.
Clause 16 enables borrowings by the Authority to be guaranteed by
Such guarantees require a prior enabling resolution
by the Legislative Council and the amount(s) so guaranteed must not,
when the relevant guarantee or guarantees is or are given, exceed (or
exceed in the aggregate) the limit specified in such resolution or, in
case there is more than one such resolution, the aggregate of the
limits specified in those resolutions.
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