TNAG-2278-FCO40-3278-Future-of-Hong-Kong-Radio-Television-Hong-Kong-Board-of-Gove-1991 — Page 16

(2) The amount transferred to the credit of the Development

Fund in any financial year shall not exceed 30% of the amount of the

income of the Corporation from all sources, other than

appropriations from the Legislative Council, in that financial year.

29.

Estimates of income and expenditure

(1) The Board shall, not later than 31 October in each

financial year or such other date as the Secretary may approve,

submit in writing to the Secretary for his approval estimates of the

income and expenditure of the Corporation for the next financial

year.

(2) The Board may, subject to the approval of the Secretary,

amend any estimate of income or expenditure submitted under

subsection (1).

30.

Accounts and statements

(1) The Board shall cause proper accounts to be kept of all

the financial transactions of the Corporation and of the assets and

liabilities of the Corporation.

(2) For the purposes of subsection (1) proper accounts shall

not be held to be kept unless they are sufficient to give a true and

fair view of the state of affairs of the Corporation and explain its

financial transactions.

(3)

The Board shall cause to be prepared for each financial

year

(a)

a statement of accounts giving a true and fair view

of the state of affairs of the Corporation; or