18
CAP. 218]
Travel Agents
[1989 Ed.
*40. Statements etc. to be laid on
table of Legislative Council
(1) The Registrar shall, within 3 months of the receipt by him of the audited statement of accounts from the Director of Audit or within such further period as the Governor may for any particular year allow, submit to the Governor a copy of the audited statement of accounts together with the Director of Audit's report, if any, and the report of the Registrar prepared under section 38.
(2) The Governor shall cause the statements and reports received by him under subsection (1) to be laid on the table of the Legislative Council.
*41. Cost of administration
The Financial Secretary may direct that an annual administration fee to be determined by him shall be charged to the income of the Reserve Fund and paid into general revenue.
*42. Interpretation
In this Part-
PART VI
PAYMENTS FROM THE RESERVE FUND
"applicant" means a person making application under section 43; "application" means an application made under section 43;
"client" means a person who has made payment to a licensee or his nominee in connection with or in anticipation of that travel agent obtaining for him a travel service;
"judgment" means a judgment of a court in Hong Kong for payment of a sum of money and includes an award made under the Small Claims Tribunal Ordinance (Cap. 338);
"proof of debt" means a proof of debt lodged with a liquidator appointed to wind up a licensed company or with a trustee in bankruptcy of the estate of a licensee; and
"unsatisfied" in relation to a proof of debt means-
(a) in the case of a winding-up, that after conclusion of the winding-up the full amount for which the proof of debt was admitted by the liquidator under the Companies (Winding-up) Rules (Cap. 32 sub. leg.) has not been paid; and
* To be repealed—see 70 of 1988 s. 15(1).
18
CAP. 218]
Travel Agents
[1989 Ed.
*40. Statements etc. to be laid on
table of Legislative Council
(1) The Registrar shall, within 3 months of the receipt by him of the audited statement of accounts from the Director of Audit or within such further period as the Governor may for any particular year allow, submit to the Governor a copy of the audited statement of accounts together with the Director of Audit's report, if any, and the report of the Registrar prepared under section 38.
(2) The Governor shall cause the statements and reports received by him under subsection (1) to be laid on the table of the Legislative Council.
*41. Cost of administration
The Financial Secretary may direct that an annual administration fee to be determined by him shall be charged to the income of the Reserve Fund and paid into general revenue.
*42. Interpretation
In this Part-
PART VI
PAYMENTS FROM THE RESERVE FUND
"applicant" means a person making application under section 43; "application" means an application made under section 43;
"client" means a person who has made payment to a licensee or his nominee in connection with or in anticipation of that travel agent obtaining for him a travel service;
"judgment" means a judgment of a court in Hong Kong for payment of a sum of money and includes an award made under the Small Claims Tribunal Ordinance (Cap. 338);
"proof of debt" means a proof of debt lodged with a liquidator appointed to wind up a licensed company or with a trustee in bankruptcy of the estate of a licensee; and
"unsatisfied" in relation to a proof of debt means-
(a) in the case of a winding-up, that after conclusion of the winding-up the full amount for which the proof of debt was admitted by the liquidator under the Companies (Winding-up) Rules (Cap. 32 sub. leg.) has not been paid; and
* To be repealed-see 70 of 1988 s. 15(1).
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