FIRE SERVICES DEPARTMENT (WELFARE FUND) REGULATIONS

FIRE SERVICES DEPARTMENT (WELFARE FUND) REGULATIONS

FIRE SERVICES DEPARTMENT (WELFARE FUND)
REGULATIONS

(Cap. 95, section 25)

[13th August, 1954.1

1. These regulations may be cited as the Fire Services Department
(Welfare Fund) Regulations.

2. (1) All moneys due to the Fire Services Department Welfare Fund
(referred to herein as the Fund) as prescribed by section 18 of the
Ordinance shall immediately be paid in full to the Director of Accounting
Services who shall credit them to an account entitled 'Deposits-Fire
Services Department Welfare Fund'.

(2) When any illegal gratification or any gift the receipt of which is
prohibited by the Regulations of the Hong Kong Government given or
offered to a Fire Services Department Officer is in a form other than
money or negotiable security and is a saleable commodity, it shall be
sold under the direction of the Director and the proceeds of the sale shall
be paid to the Director of Accounting Services and credited by him to
the account 'Deposits-Fire Services Department Welfare Fund'.

(3) The Director of Accounting Services shall render to the Director
after the closing of each month's accounts a return showing all
transactions of the Fund in his accounts during the previous month.

3. All sums considered by the Director to be surplus to the normal
requirements of the Fund shall at his request

(a)be invested in such securities or deposited in such manner in
the Colony by the Director of Accounting Services as the
Financial Secretary may from time to time approve for that
purpose; or

(b)be remitted to the Crown Agents for investment in such
securities or deposit in such manner as the Secretary of State
may from time to time approve for that purpose,

and the dividends or interest accruing from such investments or
deposits shall be credited to the account specified in regulation 2.

4. All investment of the Fund shall be valued at the middle market
price in Hong Kong or London on the 31st March in each year, and the
balance of the Fund on that date shall be increased or decreased as may
be required in accordance with such valuation.

5. Should at any time the uninvested portion of the Fund fall below
a figure which in the opinion of the Director is the minimum necessary
for the normal requirements of the Fund, he





shall request the Director of Accounting Services to sell on the local
market or in London such part of the Fund's investments as will
together with the existing uninvested portion provide an adequate
working balance.

6. All vouchers submitted to the Director of Accounting Services in
respect of payments to be made out of the Fund shall either be certified
by the Director or shall have attached to them certified true copies of the
Director's approval for each withdrawal. In the latter event the
certificates and vouchers may be signed by an officer so authorized by
the Director. The Director of Accounting Services shall pay only on the
authority of the Director as indicated above and shall be advised of the
name of any officer authorized by the Director to sign on his behalf.

7. (1) A loan granted under section 19(b) of the Ordinance shall

(a) [Deleted, L.N. 116178]

(b)be repaid by such monthly instalments, not exceeding 48, as
the Director may specify;

(c)be subject to the payment of interest at the rate of 5 per
centum per annum, calculated monthly on the maximum
balance outstanding in each month and payable one month
after payment of the last instalment; and

(d)become repayable in full, with any interest due, upon default in
the repayment of any monthly instalment.

(2) Notwithstanding paragraph (1) the Director may at any time
waive the condition requiring payment of interest on any such loan.

(3) Any part of a loan, and any interest thereon, due and unpaid
shall be deemed to be a debt due to the Government and may be
recovered accordingly.

8. Upon a recommendation of the Director, the Financial Secretary
may authorize the writing off of any asset or any debt due to the Fund
which he considers irrecoverable:

Provided that any such write-off shall take effect for the purpose of
accounting records alone and shall not extinguish any right of the Fund
to recovery of any such asset or debt.

9. The Director of Accounting Services shall keep the Director
informed of all transactions on account of the Fund's investments and
the latter shall balance his accounts monthly and reconcile them with the
deposit account maintained by the Director of Accounting Services. The
accounts shall be subject to periodical audit by the Director of Audit.





10. (1) The Director 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 the 31st March 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 Director.

(2) The accounts of the Fund and the signed statement of the
accounts shall be audited by the Director of Audit, who shall certify
the statement subject to such report, if any, as he may think fit.

(3) A copy of the signed and audited statement of accounts
together with the Director of Audit's report, if any, and a report
by the Director 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 30th September next
following the end of such period or so soon thereafter as the
Governor, in his absolute discretion, may allow.
32 of 1954, Fourth Schedule. 42 of 1961. L.N. 42/69. L.N. 136/75. L.N. 16/77. L.N. 116/78. Citation. Maintenance of fund. L.N. 16/77. Investment. 1 of 1961, s. 10. L.N. 16/77. Valuation of investments. Realization of investments. L.N. 16/77. Certification of advances. L.N. 16/77. Loans by Fund. L.N. 42/69. L.N. 136/75. Write-off. Duties of Director of Accounting Services and Director of Audit. Accounts. 1 of 1961, s. 10.

32 of 1954, Fourth Schedule. 42 of 1961. L.N. 42/69. L.N. 136/75. L.N. 16/77. L.N. 116/78. Citation. Maintenance of fund. L.N. 16/77. Investment. 1 of 1961, s. 10. L.N. 16/77. Valuation of investments. Realization of investments. L.N. 16/77. Certification of advances. L.N. 16/77. Loans by Fund. L.N. 42/69. L.N. 136/75. Write-off. Duties of Director of Accounting Services and Director of Audit. Accounts. 1 of 1961, s. 10.

https://oelawhk.lib.hku.hk/items/show/2427

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