HONG KONG GENERAL CHAMBER OF COMMERCE SPECIAL RELIEF FUND ORDINANCE

HONG KONG GENERAL CHAMBER OF COMMERCE SPECIAL RELIEF FUND ORDINANCE

LAWS OF HONG KONG

HONG KONG GENERAL CHAMBER OF COMMERCE

SPECIAL RELIEF FUND ORDINANCE

CHAPTER 1127





CHAPTER 1127.

HONG KONG GENERAL CHAMBER OF COMMERCE
SPECIAL RELIEF FUND ORDINANCE.

ARRANGEWNT OF SECTIONS.

Section. Page

1. Short title ... ... ... ... ... ... ... ... ... ... ... ... ... ... 2

2. Interpretation ... ... ... ... ... ... ... ... ... ... ... ... ... ... 2

3. Establishment of fund ... ... ... ... ... ... ... ... ... ... ... ... 2

4. Contents of fund ... ... ... ... ... ... ... ... ... ... ... ... ... 2

5. Establishment of Board of Trustees ... ... ... ... ... ... ... ... ... 2

6. Incorporation of Board ... ... ... ... ... ... ... ... ... ... ... 3

7. Objects and application of fund ... ... ... ... ... ... ... ... ... ... 3

8. Beneficiary defined ... ... ... ... ... ... ... ... ... ... ... ... 3

9. Standing orders ... ... ... ... ... ... ... ... ... ... ... ... ... 4

10. Appointment of officers and professional advisers ... ... ... ... ... ... 4

11. Investment of moneys ... ... ... ... ... ... ... ... ... ... ... ... 4

12. Accounts ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 4

13. Saving ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 5

Schedule........................................ ... ... ... ... ... ... ... ... ...
5





CHAPTER 1127.

HONG KONG GENERAL CHAMBER OF COMMERCE
SPECIAL RELIEF FUND.

To establish a trust fund to provide assistance for public officers and
members of the armed forces of the Crown or of voluntary services
killed or injured in the course of their duties and their dependants
andfor purposes incidental thereto or connected therewith.

[4th July, 1969.1

1. This Ordinance may be cited as the Hong Kong General Chamber
of Commerce Special Relief Fund Ordinance.

2. In this Ordinance, unless the context otherwise requires-

'Board' means the Board of Trustees established by section 5;

'Chamber' means the Hong Kong General Chamber of Commerce;

'fund' means the trust fund established by section 3;

'vesting day' means the date of commencement of this Ordinance.

3. (1) There is hereby established a trust fund to be known as the
Hong Kong General Chamber of Commerce Special Relief Fund.

(2) The Board shall hold the fund upon the trusts and subject to
the provisions contained in this Ordinance.

4. The fund shall consist of-

(a)the balance on the vesting day of the moneys donated by
members of the Chamber or by members of the' public to the
fund set up and opened to subscription on the 10th day of July
1967 with the object of providing assistance to dependants of
the forces of law and order killed during the disturbances then
taking place.,

(b)such other assets as are held on the vesting day, having been
acquired by the use of any moneys so donated; and

(c)such further moneys and assets as may, on or after the vesting
day, be

(i) donated, subscribed or bequeathed to, and accepted by,
the Board; or

(ii) otherwise acquired by the Board.

5. (1) There is hereby established a Board of Trustees, tees, to be
called the Hong Kong General Chamber of Commerce Special Relief
Fund Board.





(2) The Board shall consist of not less than two nor more than four
trustees, one of whom shall be appointed as Chairman by the Chamber.

(3) The trustees on the vesting day shall be the persons named in
the Schedule.

(4) Subject to the provisions of subsection (2), the Chamber may,
from time to time, by deed under its common seal, remove any trustee
and appoint a new or additional trustee.

(5) A trustee may at any time resign by giving not less than one
month's notice in writing to the Chamber.

(6) The quorum necessary for the transaction of the business of the
Board shall be two trustees or such greater number as may be fixed by
standing orders made under section 9.

(7) All questions arising at a meeting of the Board shall be decided
by a majority of the votes of the trustees present and, in the case of an
equality of votes, the Chairman shall have a casting vote in addition to
his original vote.

6. (1) For the purposes of this Ordinance the Board-

(a) shall be a corporation sole;

(b)shall have the name---TheHong Kong General Chamber of
Commerce Special Relief Fund Board% and

(c)in that name shall have perpetual succession and may sue and
be sued in any court.

(2) The corporation shall have a common seal and the affixing
thereof shall be authenticated by the signature of a trustee.

(3) Any instrument purporting to be an instrument duly executed
under the seal of the corporation shall be received in evidence and shall,
unless the contrary is proved, be deemed to be an instrument so
executed.

7. The Board shall apply the fund directly or indirectly in such
manner as it shall think fit for the following objects

(a)the maintenance, advancement, education or benefit of any
beneficiary; or

(b) for the benefit of the estate of any beneficiary.

8. For the purposes of this Ordinance-

'beneficiary' means-

(a) any public officer;





(b) any member of the armed forces of the Crown; and

(c)any member of any such auxiliary or voluntary service in Hong
Kong as may be from time to time approved by the Board,

who is killed or injured in the course of carrying out his duty as
such in Hong Kong at any time after the 3 1st day of March 1967;
and

(d)any widow, widower or child of a beneficiary as defined in
paragraphs (a), (b) and (c) and any other person wholly or
partly dependent on any such beneficiary.

9. The Board may make standing orders-

(a) governing its procedure in the transaction of business;

(b) for the maintenance of good order at its meetings; and

(c)generally, for matters relating to the administration and
management of the fund and the discharge of the duties of the
Board.

1 10. (1) The Board may from time to time appoint, upon such
salary and upon such terms as it may think proper, a secretary, a
treasurer, and such other officials as it may think necessary for the
purpose of carrying out the trusts and may employ any professional
person to advise it on any matter arising out of or in connexion
with the trust. 11

(2) All salaries and fees of any person so appointed or employed
shall be paid by the Board out of the fund.

11. (1) The Board may invest any moneys ofthe fund in such
investments, whether or not such investments are trust investments, as
the Board may decide, subject, in the case of investments which are not
trust investments, to the prior approval of the Investment Advisory
Committee.

(2) The Governor shall, for the purposes of subsection (1), appoint
an Investment Advisory Committee, which shall consist of not less than
three nor more than five persons.

12. (1) The Board shall cause proper accounts to be kept of all
transactions of the fund and shall cause to be prepared, in respect of the
period from the vesting day to the 31st day of December 1969, and
thereafter in respect of every period of one year ending on the 31st day
of December, 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 all the trustees.





(2) The accounts of the fund and the signed statement of the
accounts shall be audited by an authorized auditor.

13. Nothing in this Ordinance shall affect or be deemed to affect the
rights of Her Majesty the Queen, Her Heirs or Successors, or the rights
of any body politic or corporate or of any other persons except such as
are mentioned in this Ordinance and those claiming by, from or under
them.

SCHEDULE. [s. 5.]

MICHAEL ALEXANDER ROBERT YOUNG HERRIES

(Chairman) JOHN DOUGLAS CLAGUE
LAWRENCE KADOORIE GERALD MORDAUNT
BROOME SALMON.
Originally 30 of 1969 Short title Interpretation Establishment of fund Contents of fund Establishment of Board of Trustees Schedule Incorporation of Board Objects and application of fund Beneficiary defined Standing orders Appointment of officers and professional advisers Investment of moneys Accounts Saving

Originally 30 of 1969 Short title Interpretation Establishment of fund Contents of fund Establishment of Board of Trustees Schedule Incorporation of Board Objects and application of fund Beneficiary defined Standing orders Appointment of officers and professional advisers Investment of moneys Accounts Saving

https://oelawhk.lib.hku.hk/items/show/3605

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