10
Application and object of the
fund.
Standing orders.
Appointment of officers and professional advisers.
Investment of
moneys.
(Cap. 29.)
Accounts.
(Cap. 50.)
CAP. 309]
Jubilee Sports Centre
[1987 Ed.
17F. The Committee of Trustees shall apply the fund in such manner and to such extent as the Board may advise for the object of meeting the expenses of the sports centre for a period of not less than 20 years from the commencement of this Part.
17G. The Committee of Trustees may make standing orders--- (a) governing its procedure in the transaction of business; (b) for the maintenance of good order at its meetings; and (c) generally, for matters relating to the administration and management of the fund and the discharge of the duties of the Committee of Trustees.
17H. (1) The Committee of Trustees may from time to time appoint, upon such salary (if any) and upon such terms as it may think proper, a secretary, a treasurer, and such other officials as it may think necessary and may employ any professional person or agent (whether a solicitor, banker, stockbroker, financial adviser, or other person) to advise it on any matter arising out of or in connexion with the fund.
(2) All salaries and fees (if any) of a person appointed or employed under subsection (1) shall be paid by the Committee of Trustees out of the fund.
17I. The Committee of Trustees may invest any moneys of the fund in such authorized investments (within the meaning of section 4 of the Trustee Ordinance) as the Committee of Trustees may decide.
17J. (1) The Committee of Trustees shall cause proper accounts to be kept of all transactions of the fund and shall cause to be prepared, in respect of the period from the commencement of this Part to 30 June 1987, and thereafter in respect of every period of one year ending on 30 June, 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 Chairman of the Committee.
(2) The accounts of the fund and the signed statement of the accounts shall be audited by an auditor (being a certified public accountant within the meaning of section 2 of the Professional Accountants Ordinance) appointed by the Board and the auditor shall certify the statement subject to such report, if any, as he may think fit.
(3) There shall be laid on the table of the Legislative Council not later than 31 December next following the end of each period in respect of which a statement is required to be prepared under subsection (1) or so soon thereafter as the Governor may allow—
(a) a copy of the signed and audited statement of accounts
together with the auditor's report, if any; and
(b) a report of the Committee of Trustees on the administration of the fund during that period.
10
Application and object of the
fund.
Standing orders.
Appointment of officers and professional advisers.
Investment of
moneys.
(Cap. 29.)
Accounts.
(Cap. 50.)
CAP. 309]
Jubilee Sports Centre
[1987 Ed.
17F. The Committee of Trustees shall apply the fund in such manner and to such extent as the Board may advise for the object of meeting the expenses of the sports centre for a period of not less than 20 years from the commencement of this Part.
17G. The Committee of Trustees may make standing orders--- (a) governing its procedure in the transaction of business; (b) for the maintenance of good order at its meetings; and (c) generally, for matters relating to the administration and management of the fund and the discharge of the duties of the Committee of Trustees.
17H. (1) The Committee of Trustees may from time to time appoint, upon such salary (if any) and upon such terms as it may think proper, a secretary, a treasurer, and such other officials as it may think necessary and may employ any professional person or agent (whether a solicitor, banker, stockbroker, financial adviser, or other person) to advise it on any matter arising out of or in connexion with the fund.
(2) All salaries and fees (if any) of a person appointed or employed under subsection (1) shall be paid by the Committee of Trustees out of the fund.
171. The Committee of Trustees may invest any moneys of the fund in such authorized investments (within the meaning of section 4 of the Trustee Ordinance) as the Committee of Trustees may decide.
17J. (1) The Committee of Trustees shall cause proper accounts to be kept of all transactions of the fund and shall cause to be prepared, in respect of the period from the commencement of this Part to 30 June 1987, and thereafter in respect of every period of one year ending on 30 June, 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 Chairman of the Committee.
(2) The accounts of the fund and the signed statement of the accounts shall be audited by an auditor (being a certified public accountant within the meaning of section 2 of the Professional Accountants Ordinance) appointed by the Board and the auditor shall certify the statement subject to such report, if any, as he may think fit.
(3) There shall be laid on the table of the Legislative Council not later than 31 December next following the end of each period in respect of which a statement is required to be prepared under subsection (1) or so soon thereafter as the Governor may allow—
(a) a copy of the signed and audited statement of accounts
together with the auditor's report, if any; and
(b) a report of the Committee of Trustees on the administra-
tion of the fund during that period.
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