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【法规名称】 
【法规编号】 41987  什么是编号?
【正  文】

第2页 CAP 1076 GRANTHAM SCHOLARSHIPS FUND ORDINANCE

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  (4) The trustee shall not be responsible for the consequences of any act or omission of a person or institution employed under subsection (2) if he or it was employed in good faith. (Added 91 of 1991 s. 3)
  
  (5) All salaries and fees of a person or institution employed under subsection (2) shall be paid by the trustee out of the fund. (Added 91 of 1991 s. 3)
  
  Cap 1076 s 8 Standing orders of the committee
  
  Remarks:
  
  Amendments retroactively made - see 18 of 1999 s. 3
  
  The committee may, from time to time with the approval of the Chief Executive, frame and, from time to time with the like approval, alter standing orders for its internal management and control; and all such standing orders when so approved as aforesaid shall be binding on every member of the committee.
  
  (Amended 18 of 1999 s. 3)
  
  Cap 1076 s 8A Transaction of business by circulation of papers
  
  The committee may transact any of its business by circulation of papers amongst members, and any matter for the determination of the committee may be determined by a resolution in writing approved by a majority of the members in writing.
  
  (Added 91 of 1991 s. 4)
  
  Cap 1076 s 9 Power to solicit and take subscriptions and bequests
  
  The committee may, from time to time, solicit and take on behalf of the trustee subscriptions and bequests to the fund.
  
  Cap 1076 s 10 Accounts
  
  Remarks:
  
  Amendments retroactively made - see 18 of 1999 s. 3
  
  (1) The trustee 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 August 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 trustee.
  
  (2) 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 thinks fit.
  
  (3) A copy of the signed and audited statement of accounts together with the auditor's report, if any, shall be laid on the table of the Legislative Council, not later than 31 December next following the end of such period or so soon thereafter as the Chief Executive, in his absolute discretion, may allow.
  
  (Replaced 23 of 1966 s. 2. Amended 18 of 1999 s. 3)
  
  Cap 1076 s 11 Servants and advisers
  
  (1) Without prejudice to section 7, the committee may appoint upon such salary and upon such terms as it may think proper such servants as it may think necessary for the purpose of carrying out the provisions of this Ordinance, and may employ any professional persons to advise it on any matter arising out of or in connection with such provisions. (Amended 91 of 1991 s. 5)
  
  (2) All salaries and fees of any person so appointed or employed shall be paid by the trustee out of the fund.
  
  Cap 1076 s 12 Cost of administration
  
  (1) The cost of the administration of the fund, other than the salaries and fees paid under the provisions of section 11 (2), shall be a charge on the general revenue of Hong Kong:
  
  Provided that the Financial Secretary may direct that an annual supervision fee to be determined by him shall be charged against the income of the fund and paid into the general revenue of Hong Kong. (Amended 23 of 1990 s. 3)
  
  (2) The fee charged under the proviso to subsection (1) shall-
  
  (a) be in respect of the year commencing on 1 September 1966 and ending on 31 August 1967, and thereafter in respect of every period of 1 year ending on 31 August; and
  
  (b) not exceed 2 1/2 per cent of the annual income of the fund.
  
  (Replaced 23 of 1966 s. 3.)
  
  Cap 1076 s 13 Subscribers before 30 June 1955, to be deemed founders
  
  Any person, and any firm, company, corporation or other body whatsoever, who or which makes a subscription to the fund on or before 30 June 1955, shall be deemed to be a founder.
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