1964_FIRE_SERVICES_DEPARTMENT_(WELFARE_FUND)_REGULATIONS — Page 1

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1978 Ed.] Fire Services Department (Welfare Fund) [CAP. 95 Regulations

FIRE SERVICES DEPARTMENT (WELFARE FUND)

REGULATIONS

(Cap. 95, section 25)

[Subsidiary]

32 of 1954, Fourth Schedule.

42 of 1961. L.N. 42/69. L.N. 136/75. L.N. 16/77.

L.N. 116/78.

[13th August, 1954.]

1. These regulations may be cited as the Fire Services Department (Welfare Fund) Regulations.

Citation.

L.N. 16/77.

2. (1) All moneys due to the Fire Services Department Welfare Fund (referred to herein as the Fund) as prescribed by section 18 of the Ordinance shall immediately be paid in full to the Director of Accounting Services who shall credit them to an account entitled "Deposits-Fire Services Department Welfare Fund".

(2) When any illegal gratification or any gift the receipt of which is prohibited by the Regulations of the Hong Kong Government given or offered to a Fire Services Department Officer is in a form other than money or negotiable security and is a saleable commodity, it shall be sold under the direction of the Director and the proceeds of the sale shall be paid to the Director of Accounting Services and credited by him to the account "Deposits-Fire Services Department Welfare Fund".

(3) The Director of Accounting Services shall render to the Director after the closing of each month's accounts a return showing all transactions of the Fund in his accounts during the previous month.

3. All sums considered by the Director to be surplus to the normal requirements of the Fund shall at his request-

(a) be invested in such securities or deposited in such manner in the Colony by the Director of Accounting Services as the Financial Secretary may from time to time approve for that purpose; or

(b) be remitted to the Crown Agents for investment in such securities or deposit in such manner as the Secretary of State may from time to time approve for that purpose, and the dividends or interest accruing from such investments or deposits shall be credited to the account specified in regulation 2.

4. All investment of the Fund shall be valued at the middle market price in Hong Kong or London on the 31st March in each year, and the balance of the Fund on that date shall be increased or decreased as may be required in accordance with such valuation.

5. Should at any time the uninvested portion of the Fund fall below a figure which in the opinion of the Director is the minimum necessary for the normal requirements of the Fund, he

Investment.

42 of 1961, s. 10. L.N. 16/77.

Valuation of investments.

Realization of investments.

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FIRE SERVICES DEPARTMENT (WELFARE FUND)REGULATIONS(Cap. 95, section 25)[Subsidiary]32 of 1954, Fourth Schedule.42 of 1961. L.N. 42/69. L.N. 136/75. L.N. 16/77.L.N. 116/78.[13th August, 1954.]1. These regulations may be cited as the Fire Services Department (Welfare Fund) Regulations.Citation.L.N. 16/77.2. (1) All moneys due to the Fire Services Department Welfare Fund (referred to herein as the Fund) as prescribed by section 18 of the Ordinance shall immediately be paid in full to the Director of Accounting Services who shall credit them to an account entitled "Deposits-Fire Services Department Welfare Fund".(2) When any illegal gratification or any gift the receipt of which is prohibited by the Regulations of the Hong Kong Government given or offered to a Fire Services Department Officer is in a form other than money or negotiable security and is a saleable commodity, it shall be sold under the direction of the Director and the proceeds of the sale shall be paid to the Director of Accounting Services and credited by him to the account "Deposits-Fire Services Department Welfare Fund".(3) The Director of Accounting Services shall render to the Director after the closing of each month's accounts a return showing all transactions of the Fund in his accounts during the previous month.3. All sums considered by the Director to be surplus to the normal requirements of the Fund shall at his request-(a) be invested in such securities or deposited in such manner in the Colony by the Director of Accounting Services as the Financial Secretary may from time to time approve for that purpose; or(b) be remitted to the Crown Agents for investment in such securities or deposit in such manner as the Secretary of State may from time to time approve for that purpose, and the dividends or interest accruing from such investments or deposits shall be credited to the account specified in regulation 2.4. All investment of the Fund shall be valued at the middle market price in Hong Kong or London on the 31st March in each year, and the balance of the Fund on that date shall be increased or decreased as may be required in accordance with such valuation.5. Should at any time the uninvested portion of the Fund fall below a figure which in the opinion of the Director is the minimum necessary for the normal requirements of the Fund, heInvestment.42 of 1961, s. 10. L.N. 16/77.Valuation of investments.Realization of investments.
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FIRE SERVICES DEPARTMENT (WELFARE FUND)REGULATIONS(Cap. 95, section 25)ѢDI[Subsidiary]32 of 1954, Fourth Schedule.42 of 1961. L.N. 42/69. L.N. 136/75. L.N. 16/77.L.N. 116/78.[13th August, 1954.]1. These regulations may be cited as the Fire Services Depart- ment (Welfare Fund) Regulations.Citation.of fund.L.N. 16/77.2. (1) All moneys due to the Fire Services DepartmentMaintenance Welfare Fund (referred to herein as the Fund) as prescribed by section 18 of the Ordinance shall immediately be paid in full to the Director of Accounting Services who shall credit them to an account entitled "Deposits-Fire Services Department Welfare Fund".(2) When any illegal gratification or any gift the receipt of which is prohibited by the Regulations of the Hong Kong Govern- ment given or offered to a Fire Services Department Officer is in a form other than money or negotiable security and is a saleable commodity, it shall be sold under the direction of the Director and the proceeds of the sale shall be paid to the Director of Accounting Services and credited by him to the account "Deposits-Fire Services Department Welfare Fund".(3) The Director of Accounting Services shall render to the Director after the closing of each month's accounts a return showing all transactions of the Fund in his accounts during the previous month.3. All sums considered by the Director to be surplus to the normal requirements of the Fund shall at his request-(a) be invested in such securities or deposited in such manner in the Colony by the Director of Accounting Services as the Financial Secretary may from time to time approve for that purpose; or+(b) be remitted to the Crown Agents for investment in such securities or deposit in such manner as the Secretary of State may from time to time approve for that purpose, and the dividends or interest accruing from such investments or deposits shall be credited to the account specified in regulation 2.4. All investment of the Fund shall be valued at the middle market price in Hong Kong or London on the 31st March in each year, and the balance of the Fund on that date shall be increased or decreased as may be required in accordance with such valuation.5. Should at any time the uninvested portion of the Fund fall below a figure which in the opinion of the Director is the minimum necessary for the normal requirements of the Fund, heInvestment.LANI of 1961, s. 10. LN. 16/77.Valuation of investments.Realization of investments.*
2026-05-04 17:53:06 · Baseline
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1978 Ed.] Fire Services Department (Welfare Fund) [CAP. 95 Regulations

FIRE SERVICES DEPARTMENT (WELFARE FUND)

REGULATIONS

(Cap. 95, section 25)

Ѣ

DI

[Subsidiary]

32 of 1954, Fourth Schedule.

42 of 1961. L.N. 42/69. L.N. 136/75. L.N. 16/77.

L.N. 116/78.

[13th August, 1954.]

1. These regulations may be cited as the Fire Services Depart- ment (Welfare Fund) Regulations.

Citation.

of fund.

L.N. 16/77.

2. (1) All moneys due to the Fire Services Department Maintenance Welfare Fund (referred to herein as the Fund) as prescribed by section 18 of the Ordinance shall immediately be paid in full to the Director of Accounting Services who shall credit them to an account entitled "Deposits-Fire Services Department Welfare Fund".

(2) When any illegal gratification or any gift the receipt of which is prohibited by the Regulations of the Hong Kong Govern- ment given or offered to a Fire Services Department Officer is in a form other than money or negotiable security and is a saleable commodity, it shall be sold under the direction of the Director and the proceeds of the sale shall be paid to the Director of Accounting Services and credited by him to the account "Deposits-Fire Services Department Welfare Fund".

(3) The Director of Accounting Services shall render to the Director after the closing of each month's accounts a return showing all transactions of the Fund in his accounts during the previous month.

3. All sums considered by the Director to be surplus to the normal requirements of the Fund shall at his request-

(a) be invested in such securities or deposited in such manner in the Colony by the Director of Accounting Services as the Financial Secretary may from time to time approve for that purpose; or

+

(b) be remitted to the Crown Agents for investment in such

securities or deposit in such manner as the Secretary of State may from time to time approve for that purpose, and the dividends or interest accruing from such investments or deposits shall be credited to the account specified in regulation 2.

4. All investment of the Fund shall be valued at the middle market price in Hong Kong or London on the 31st March in each year, and the balance of the Fund on that date shall be increased or decreased as may be required in accordance with such valuation.

5. Should at any time the uninvested portion of the Fund fall below a figure which in the opinion of the Director is the minimum necessary for the normal requirements of the Fund, he

Investment.

LAN

I of 1961, s. 10. LN. 16/77.

Valuation of investments.

Realization of investments.

*

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