1964_IMMIGRATION_SERVICE_(WELFARE_FUND)_REGULATIONS — Page 2

HK Historical Laws 香港歷史法例 All AI Reviewed

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CAP. 331]

Immigration Service (Welfare Fund) Regulations

[1978 Ed.

[Subsidiary]

Loans from Fund.

Write-off.

Duties of Director of Accounting Services and Director of Audit.

Accounts.

officer so authorized by the Director. The Director of Accounting Services shall pay only on the authority of the Director as indicated above and shall be advised of the name of any officer authorized by the Director to sign on his behalf.

7. Unless the Director otherwise determines in the case of any particular loan—

(a) a loan from the Fund shall be repaid by such monthly instalments, not exceeding 24, as the Director shall in his discretion specify;

(b) if any instalment by which a loan from the Fund is to be repaid is due and unpaid, the whole balance of the loan then outstanding shall become repayable immediately;

(d) whenever it is necessary to recover the amount of a loan from the Fund, the amount then outstanding shall be deemed to be an amount due to a department of Government.

8. Upon a recommendation of the Director, the Financial Secretary may authorize the writing-off of any asset or any debt due to the Fund which he considers irrecoverable:

Provided that any such write-off shall take effect for the purpose of accounting records alone and shall not extinguish any right of the Fund to recovery of any such asset or debt.

9. The Director of Accounting Services shall keep the Director informed of all transactions on account of the Fund's investments and the latter shall balance his accounts monthly and reconcile them with the deposit account maintained by the Director of Accounting Services. The accounts shall be subject to periodical audit by the Director of Audit.

10. (1) The Director 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 the 31st March in each year a statement of the accounts of the Fund, which statement shall include an income and expenditure account and balance sheet and shall be signed by the Director.

(2) The accounts of the Fund and the signed statement of the accounts shall be audited by the Director of Audit, who shall certify the statement subject to such report, if any, as he may think fit.

(3) A copy of the signed and audited statement of accounts together with Director of Audit's report, if any, and a report by the Director on the administration of the Fund during the period covered by the audited accounts shall be laid upon the table of the Legislative Council not later than the 30th September next following the end of such period or so soon thereafter as the Governor, in his absolute discretion, may allow.

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CAP. 331] Immigration Service (Welfare Fund) Regulations [1978 Ed. [Subsidiary] Loans from Fund. Write-off. Duties of Director of Accounting Services and Director of Audit. Accounts. officer so authorized by the Director. The Director of Accounting Services shall pay only on the authority of the Director as indicated above and shall be advised of the name of any officer authorized by the Director to sign on his behalf. 7. Unless the Director otherwise determines in the case of any particular loan— (a) a loan from the Fund shall be repaid by such monthly instalments, not exceeding 24, as the Director shall in his discretion specify; (b) if any instalment by which a loan from the Fund is to be repaid is due and unpaid, the whole balance of the loan then outstanding shall become repayable immediately; (c) [Deleted, L.N.118/78] (d) whenever it is necessary to recover the amount of a loan from the Fund, the amount then outstanding shall be deemed to be an amount due to a department of Government. 8. Upon a recommendation of the Director, the Financial Secretary may authorize the writing-off of any asset or any debt due to the Fund which he considers irrecoverable: Provided that any such write-off shall take effect for the purpose of accounting records alone and shall not extinguish any right of the Fund to recovery of any such asset or debt. 9. The Director of Accounting Services shall keep the Director informed of all transactions on account of the Fund's investments and the latter shall balance his accounts monthly and reconcile them with the deposit account maintained by the Director of Accounting Services. The accounts shall be subject to periodical audit by the Director of Audit. 10. (1) The Director 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 the 31st March in each year a statement of the accounts of the Fund, which statement shall include an income and expenditure account and balance sheet and shall be signed by the Director. (2) The accounts of the Fund and the signed statement of the accounts shall be audited by the Director of Audit, who shall certify the statement subject to such report, if any, as he may think fit. (3) A copy of the signed and audited statement of accounts together with Director of Audit's report, if any, and a report by the Director on the administration of the Fund during the period covered by the audited accounts shall be laid upon the table of the Legislative Council not later than the 30th September next following the end of such period or so soon thereafter as the Governor, in his absolute discretion, may allow.

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A 2 CAP. 331] Immigration Service (Welfare Fund) Regulations [1978 Ed. [Subsidiary] Loans from Fund. Write-off. Duties of Director of Accounting Services and Director of Audit. Accounts. officer so authorized by the Director. The Director of Accounting Services shall pay only on the authority of the Director as indicated above and shall be advised of the name of any officer authorized by the Director to sign on his behalf. 7. Unless the Director otherwise determines in the case of any particular loan- (a) a loan from the Fund shall be repaid by such monthly instalments, not exceeding 24, as the Director shall in his discretion specify; (b) if any instalment by which a loan from the Fund is to be repaid is due and unpaid, the whole balance of the loan then outstanding shall become repayable immediately; (c) [Deleted, L.N. 118/78] (d) whenever it is necessary to recover the amount of a loan from the Fund, the amount then outstanding shall be deemed to be an amount due to a department of Govern- ment. 8. Upon a recommendation of the Director, the Financial Secretary may authorize the writing-off of any asset or any debt due to the Fund which he considers irrecoverable: Provided that any such write-off shall take effect for the purpose of accounting records alone and shall not extinguish any right of the Fund to recovery of any such asset or debt. 9. The Director of Accounting Services shall keep the Director informed of all transactions on account of the Fund's investments and the latter shall balance his accounts monthly and reconcile them with the deposit account maintained by the Director of Accounting Services. The accounts shall be subject to periodical audit by the Director of Audit. 10. (1) The Director 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 the 31st March in each year a statement of the accounts of the Fund, which statement shall include an income and expenditure account and balance sheet and shall be signed by the Director. (2) The accounts of the Fund and the signed statement of the accounts shall be audited by the Director of Audit, who shall certify the statement subject to such report, if any, as he may think fit. (3) A copy of the signed and audited statement of accounts together with Director of Audit's report, if any, and a report by the Director on the administration of the Fund during the period covered by the audited accounts shall be laid upon the table of the Legislative Council not later than the 30th September next following the end of such period or so soon thereafter as the Governor, in his absolute discretion, may allow.

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