【法规名称】
【法规编号】 41985 什么是编号？
【正 文】
第3页 CAP 1085 EDUCATION SCHOLARSHIPS FUND ORDINANCE
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[接上页] (5) The accounts of the fund and the signed statement of the accounts shall be audited by an auditor appointed by the Chief Executive and the auditor shall certify the statement subject to such report, if any, as he may think fit. (Replaced 19 of 1960 s. 2. Amended 55 of 2000 s. 3) (6) A copy of the signed and audited statement of account together with the auditor's report, if any, and a report by the Trustee 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 28th day of February next following the end of such period or so soon thereafter as the Chief Executive, in his absolute discretion, may allow. (Added 19 of 1960 s. 2. Amended 55 of 2000 s. 3) Cap 1085 s 10 Investment (1) If the original donor of any moneys at any time forming part of the fund stipulated or shall stipulate at the time when the donation is made any particular kind of investment or gave or shall give the moneys in the form of a particular kind of investment the Trustee may invest and continue to hold invested such moneys in such kind of investment. (2) The Trustee may continue to hold any investments in which any moneys forming part of the fund are at present invested. (3) Subject to the provisions of subsections (1) and (2), the Trustee shall invest moneys comprised in the fund only in investments permitted for the investment of trust funds by any enactment or in such other investments as may be specially authorized by the committee. (4) (Repealed 68 of 1995 s. 44) (5) The Trustee may delegate the treasurer to exercise the powers in respect of investments conferred on him by this section. (Added 68 of 1995 s. 44) Cap 1085 s 11 Payments into and out of the fund (1) All income from investments in the name of the Trustee and other revenue of the fund and all uninvested moneys of the fund shall be paid into a bank account in the name of the Trustee. (Amended 63 of 1973 s. 7) (2) Withdrawal from the fund shall be only by cheques signed by the Permanent Secretary and either the secretary or the treasurer. (Amended 3 of 2003 s. 32) Cap 1085 s 12 Disposal of excess income and reserve funds (1) The committee may direct the Trustee- (a) to transfer any income received in any year from the general capital which is in excess of the total amount required for payment of the scholarships referred to in Parts I and II of the Register in that year to the General Reserve Fund or to apply that income to form part of the general capital; (b) to apply the General Reserve Fund or any part thereof to form part of the general capital; or (c) to apply the General Reserve Fund or any part thereof to augment the income from the general capital in any year.(2) The committee may direct the Trustee- (a) to transfer any income received in any year from a separate capital of a scholarship in Part III of the Register which is in excess of the amount required for payment of the scholarship for which it is applicable in that year to the Separate Reserve Fund of such scholarship or to apply that income to form part of the separate capital; (b) to apply a Separate Reserve Fund of a scholarship in Part III of the Register or any part thereof to form part of the separate capital of such scholarship; or (c) to apply a Separate Reserve Fund of a scholarship in Part III of the Register or any part thereof to augment the income from the separate capital of such scholarship in any year. (Replaced 63 of 1973 s. 8) Cap 1085 s 13 Variation of value of scholarship and creation of additional award (1) Subject to subsection (4), the committee may in any year, direct the Trustee- (a) to increase or decrease the value of any scholarship or of any award thereof; or (b) to create an additional award of any scholarship provided that the value of any other award of that scholarship does not thereby fall below its original value.(2) Where an additional award of a scholarship is created under subsection (1)(b), the conditions of the award, which shall be specified by the committee, may differ as to school, institution, class, form, subject or otherwise from the conditions of any other award of that scholarship. (3) The committee may direct the Trustee to cancel any additional award of a scholarship created under subsection (1)(b). (4) The committee shall not under subsection (1) direct the Trustee to decrease the value of any scholarship or any award thereof, or to create any additional award thereof, without the consent of the donor of that scholarship if he is living. (5) Notice of any variation of the value of a scholarship or of an award thereof or of the creation of an additional award of a scholarship shall be given by the Permanent Secretary by notice published in the Gazette. (Amended 3 of 2003 s. 32) (Replaced 63 of 1973 s. 9) Cap 1085 s 14 Future donations to fund (1) The Trustee, in accordance with the directions of the committee, may refuse any donation to the fund if it appears to the committee that it would not be convenient or proper to administer the scholarship proposed to be paid out of such donation. |
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