1964_HONG_KONG_TOURIST_ASSOCIATION_ORDINANCE — Page 9

CAP. 302]

Hong Kong Tourist Association

[1989 Ed.

14A. Restriction on future financial commitments

The Board shall not without the Governor's approval in any financial year enter into any contract if the expenditure under the contract together with all other contracts previously entered into is likely to involve expenditure by the Board in any subsequent financial year under any major head of expenditure specified by the Board under section 17B of an amount or aggregate amount exceeding the amount in the estimate of expenditure approved by the Governor under section 17B for the same major head of expenditure for the financial year in which the contract is entered into (and not transferred to any other major head by the Board) together with any other sum transferred to that head by the Board during that financial year (other than a sum transferred from any unallocated balance or surplus shown in the estimates for that financial year).

(Added 58 of 1989 s. 2)

15. Board to make recommendations

to Governor on certain matters

It shall be a duty of the Board to make, within such period as the Governor in Council may from time to time prescribe, recommendations to the Governor as to the extent to which members of the Board may be elected by the members of the Association and as to the desirability of increasing the classes of person eligible for membership of the Association.

16. General powers of Board

The Board may, for the purposes of the Association,-

(a) acquire, take on lease, purchase, hold, hire and enjoy any lands, premises, messuages, tenements, and other property of any kind, and dispose of the same;

(b) subject to the restrictions on future financial commitments set out in section 14A, enter into any contract; (Amended 58 of 1989 s. 3)

(c) engage in, assist and promote such activities as are conducive to the better carrying out of the objects of the Association and the convenience and enjoyment of Hong Kong as a holiday resort; (Amended 77 of 1982 s. 13)

(d) delegate to the Executive Director, Deputy Executive Director or any other officer or servant of the Association such of its powers and duties as it may deem expedient for the efficient conduct and management of the affairs of the Association: (Amended 71 of 1979 s. 3; 77 of 1982 s. 10)

Provided that no delegation made hereunder shall preclude the Board from exercising or performing at any time any of the powers or duties so delegated;