1986 Ed.]
Prison Rules
[CAP. 234
A 63
advance to the Fund such sum or sums as may be considered necessary for the proper administration of the Fund, and will recover any advance so made from the proceeds of the sale of the investments as soon as they are received. Interest will be charged on any such advances at the rate earned by Government on its main current account with The Hongkong and Shanghai Banking Corporation or on its deposits in the Joint Colonial Fund, whichever is the higher.
261. All vouchers submitted to the Director of Accounting Services in respect of payments to be made out of the Fund shall either be certified by the Commissioner or shall have attached to them certified true copies of the Commissioner's approval for each withdrawal. In the latter event the certificates and vouchers may be signed by an officer so authorized by the Commissioner. The Director of Accounting Services will pay only on the authority of the Commissioner as indicated above and shall be advised of the name of any officer authorized by the Commissioner to sign on his behalf.
262. (1) A loan granted under the authority of section 22 of the Ordinance to an officer of the Correctional Services Department or other person employed in the prisons who is serving or has retired on pension or gratuity shall-
(a) [Deleted, L.N. 122/78]
(b) be repaid by such monthly instalments, not exceeding 48, as the Commissioner may specify;
(c) at the discretion of the Commissioner be subject to the payment of interest at the rate of 5 per centum per annum, calculated monthly on the balance outstanding in each month and payable one month after payment of the last instalment; and
(d) become repayable in full, with any interest due, upon default in the repayment of any monthly instalment.
(2) Any part of a loan, and any interest thereon, due and unpaid shall be deemed to be a debt due to the Government and may be recovered accordingly.
263. Upon the recommendation of the Commissioner 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.
264. (1) The Commissioner 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 31 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 Commissioner.
[Subsidiary]
Certification of advances. L.N. 16/77.
Loans by Fund. L.N. 62/70. L.N. 122/78. L.N. 30/82.
Bad debts.
Accounts. G.N.A. 68/61.
1986 Ed.]
Prison Rules
[CAP. 234
A 63
advance to the Fund such sum or sums as may be considered necessary for the proper administration of the Fund, and will recover any advance so made from the proceeds of the sale of the investments as soon as they are received. Interest will be charged on any such advances at the rate earned by Government on its main current account with The Hongkong and Shanghai Banking Corporation or on its deposits in the Joint Colonial Fund, whichever is the higher.
261. All vouchers submitted to the Director of Accounting Services in respect of payments to be made out of the Fund shall either be certified by the Commissioner or shall have attached to them certified true copies of the Commissioner's approval for each withdrawal. In the latter event the certificates and vouchers may be signed by an officer so authorized by the Commissioner. The Director of Accounting Services will pay only on the authority of the Commissioner as indicated above and shall be advised of the name of any officer authorized by the Commissioner to sign on his behalf.
262. (1) A loan granted under the authority of section 22 of the Ordinance to an officer of the Correctional Services Department or other person employed in the prisons who is serving or has retired on pension or gratuity shall-
(a) [Deleted, L.N. 122/78]
(b) be repaid by such monthly instalments, not exceeding 48,
as the Commissioner may specify;
(c) at the discretion of the Commissioner be subject to the payment of interest at the rate of 5 per centum per annum, calculated monthly on the balance outstanding in each month and payable one month after payment of the last instalment; and
(d) become repayable in full, with any interest due, upon
default in the repayment of any monthly instalment.
(2) Any part of a loan, and any interest thereon, due and unpaid shall be deemed to be a debt due to the Government and may be recovered accordingly.
263. Upon the recommendation of the Commissioner 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.
264. (1) The Commissioner 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 31 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 Commissioner.
[Subsidiary]
Certification of advances. L.N. 16/77.
Loans by Fund. L.N. 62/70. L.N. 122/78. L.N. 30/82.
Bad debts.
Accounts. G.N.A. 68/61.
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