1964_BREWIN_TRUST_FUND_ORDINANCE — Page 4

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1985 Ed.]

Brewin Trust Fund

[CAP. 1077

3

(b) not exceed 24 per cent of the annual income of the fund.

(Added, 24 of 1966, s. 2)

9. The trustee may invest any moneys of the fund in such investments, whether or not such investments are trust investments, as the committee may direct.

10. (1) The trustee shall cause proper accounts to be kept of all transactions of the fund and shall cause to be prepared for every period of 12 months ending on 30 June in each year, a statement of the accounts of the fund, which statement shall include an income and expenditure account and balance sheet.

(2) The accounts of the fund and the statement of the accounts shall be audited by an auditor appointed by the Governor and the auditor shall certify the statement subject to such report, if any, as he may think fit.

(3) The audited statement of accounts together with the auditor's report, if any, and a copy of the report by the committee on the administration of the fund during the period covered by the audited accounts shall be laid on the table of the Legislative Council not later than 31 December next following the end of such period, or so soon thereafter as the Governor may in his absolute discretion allow.

(Replaced, 36 of 1956, s. 2)

Investment of moneys.

Accounts.

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1985 Ed.] Brewin Trust Fund [CAP. 1077 3 (b) not exceed 24 per cent of the annual income of the fund. (Added, 24 of 1966, s. 2) 9. The trustee may invest any moneys of the fund in such investments, whether or not such investments are trust investments, as the committee may direct. 10. (1) The trustee shall cause proper accounts to be kept of all transactions of the fund and shall cause to be prepared for every period of 12 months ending on 30 June in each year, a statement of the accounts of the fund, which statement shall include an income and expenditure account and balance sheet. (2) The accounts of the fund and the statement of the accounts shall be audited by an auditor appointed by the Governor and the auditor shall certify the statement subject to such report, if any, as he may think fit. (3) The audited statement of accounts together with the auditor's report, if any, and a copy of the report by the committee on the administration of the fund during the period covered by the audited accounts shall be laid on the table of the Legislative Council not later than 31 December next following the end of such period, or so soon thereafter as the Governor may in his absolute discretion allow. (Replaced, 36 of 1956, s. 2) Investment of moneys. Accounts.
Baseline (Original)
1985 Ed.] Brewin Trust Fund [CAP. 1077 3 (b) not exceed 24 per cent of the annual income of the fund. (Added, 24 of 1966, s. 2) 9. The trustee may invest any moneys of the fund in such investments, whether or not such investments are trust investments, as the committee may direct. 10. (1) The trustee shall cause proper accounts to be kept of all transactions of the fund and shall cause to be prepared for every period of 12 months ending on 30 June in each year, a statement of the accounts of the fund, which statement shall include an income and expenditure account and balance sheet. (2) The accounts of the fund and the statement of the accounts shall be audited by an auditor appointed by the Governor and the auditor shall certify the statement subject to such report, if any, as he may think fit. (3) The audited statement of accounts together with the auditor's report, if any, and a copy of the report by the committee on the administration of the fund during the period covered by the audited accounts shall be laid on the table of the Legislative Council not later than 31 December next following the end of such period, or so soon thereafter as the Governor may in his absolute discretion allow. (Replaced, 36 of 1956, s. 2) Investment of moneys. Accounts.
2026-05-04 07:47:45 · Baseline
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1985 Ed.]

Brewin Trust Fund

[CAP. 1077

3

(b) not exceed 24 per cent of the annual income of the fund.

(Added, 24 of 1966, s. 2)

9. The trustee may invest any moneys of the fund in such investments, whether or not such investments are trust investments, as the committee may direct.

10. (1) The trustee shall cause proper accounts to be kept of all transactions of the fund and shall cause to be prepared for every period of 12 months ending on 30 June in each year, a statement of the accounts of the fund, which statement shall include an income and expenditure account and balance sheet.

(2) The accounts of the fund and the statement of the accounts shall be audited by an auditor appointed by the Governor and the auditor shall certify the statement subject to such report, if any, as he may think fit.

(3) The audited statement of accounts together with the auditor's report, if any, and a copy of the report by the committee on the administration of the fund during the period covered by the audited accounts shall be laid on the table of the Legislative Council not later than 31 December next following the end of such period, or so soon thereafter as the Governor may in his absolute discretion allow.

(Replaced, 36 of 1956, s. 2)

Investment of

moneys.

Accounts.

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