1964_TRAVEL_AGENTS_ORDINANCE — Page 17

CAP. 218]

Travel Agents

[1989 Ed.

may, within 1 month of being notified of that decision by the Registrar, appeal by way of petition to the Governor in Council. (Amended 70 of 1988 s. 14)

(2) The Governor in Council may, in relation to an appeal under this section, confirm or vary any decision of the Registrar or may give the Registrar such directions as the Governor in Council thinks fit.

PART IV

RESERVE FUND

*33. Establishment of Reserve Fund

(1) The Registrar shall establish and administer a fund to be known as the Travel Agents' Reserve Fund.

(2) The Reserve Fund shall consist of-

(a) moneys paid into the Reserve Fund by way of levy under section 35;

(b) interest and other income derived from the money and investments comprising the Reserve Fund;

(c) moneys paid into the Reserve Fund by the Registrar under section 28; and

(d) other moneys lawfully paid into the Reserve Fund.

(3) The Public Finance Ordinance (Cap. 2) shall not apply to the Reserve Fund.

*34. Payments from the Reserve Fund

There shall be paid from the Reserve Fund the following---

(a) payments due under section 44;

(b) the cost of any administration fee charged under section 41; and

any other sums required or permitted to be paid out of the Reserve Fund under this Ordinance.

PART V

FINANCIAL PROVISIONS

35. (Repealed 70 of 1988 s. 15)

* To be repealed-see 70 of 1988 s. 15(1).