LOTTERIES FUND

LOTTERIES FUND

LOTTERIES FUND

RESOLUTIONS OF THE LEGISLATIVE COUNCIL

1 . Resolution made and passed by the Legislative Council on 30 June
1965.

RESOLVED---

1. that with effect from 30 June 1965, there shall be estab-

lished a fund styled the LOTTERIES FUND;

2.that the Fund or any part of it may be held in Hong Kong
dollars or in sterling and shall be administered by the Financial
Secretary and may be invested in such securities as may be
approved by him;

3. that there shall be credited to the Fund-

(a)a sum of $7,418,920 to be appropriated from the general
revenue of the Colony with effect from the date of creation
of the Fund;

(b)such appropriations from the general revenue of the
Colony as may from time to time be made by this Council;

(c)such sums as may be required by or under any Ordinance
to be credited thereto;

(d)all sums received by way of repayment of loans or
advances granted from the Fund;

(e)all sums received by way of interest or dividend on
investments, deposits, loans or advances of the Fund;

such donations as may be offered to the Fund and which
have been approved by the Finance Committee of this
Council.

2. Resolution made and passed by the Legislative Council on 10 March
1966.

RESOLVED that in pursuance of a resolution passed by
Legislative Council on 30 June 1965, the sum of $2,026,540
shall be appropriated from general revenue and transferred to
the credit of the Fund.

3. Resolution made and passed by the Legislative Council on 15 March
1967.

RESOLVED that pursuant to a resolution passed by the
Legislative Council on 30 June 1965, the sum of $2,398,893
shall be appropriated from general revenue and transferred to
the credit of the Lotteries Fund.
L.N. 91/65. L.N. 219/73. L.N. 21/66. L.N. 33/67.

L.N. 91/65. L.N. 219/73. L.N. 21/66. L.N. 33/67.

https://oelawhk.lib.hku.hk/items/show/2190

1964

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