Hong Kong Ordinances

GRANTHAM SCHOLARSHIPS FUND ORDINANCE - SECT 10

Accounts

(Past version on 30/06/1997).

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)