Hong Kong Ordinances

HONG KONG TRAMWAYS EDUCATIONAL TRUST FUND ORDINANCE - PREAMBLE

Preamble

WHEREAS-

   (a)  Hongkong Tramways Limited (hereinafter called the Founders) marked the
        fiftieth anniversary of the running of the first tramcar in Hong Kong
        by allocating funds for the establishment of a trust in 1954 and have
        made a further allocation of funds for the same purpose in 1955 which
        said funds are held in cash together with interest accrued thereon or
        have been used to purchase shares;

   (b)  the Founders have dedicated the fund as hereinafter defined and
        accretions thereto in perpetuity for the promotion and encouragement
        of education of selected children of employees and ex-employees of the
        Founders;

   (c)  it is desirable to incorporate the Chairman of the Committee set up
        under section 6 to act as Trustee of the trust fund as hereinafter
        defined: