Hong Kong Ordinances

LORD WILSON HERITAGE TRUST ORDINANCE - SECT 13

Accounts

(Past version on 30/06/1997).

Adaptation amendments retroactively made - see 59 of 2000 s. 3

(1) The Board of Trustees shall keep proper books of account and records of
the financial transactions of the Trust and shall prepare for each financial
year a statement of the accounts of the Trust, which statement shall include
an income and expenditure account and a balance sheet and shall be signed by
the Chairman of the Board of Trustees.

(2) The Board of Trustees shall each year appoint an auditor of the accounts
of the Trust.

(3) The signed statement of the accounts of the Trust shall be submitted by
the Chairman of the Board of Trustees to the auditor appointed under
subsection (2) within 6 months after the end of the financial year to which it
relates or within such longer period as the Chief Executive may allow.
(Amended 59 of 2000 s. 3)

(4) The accounts of the Trust and the signed statement of the accounts of the
Trust shall be audited by the auditor appointed under subsection (2), who
shall certify such statement subject to any report he may think fit to make.

(5) There shall be laid on the table of the Legislative Council within 12
months after the end of each financial year or within such longer period as
the Chief Executive may allow-

   (a)  a copy of the signed and certified statement of the accounts of the
        Trust together with the auditor's report, if any;

   (b)  a report by the Board of Trustees on the administration of the
        Trust assets and the promotion of the objects of the Trust during that
        financial year; and

   (c)  such other report, if any, relating to the Trust as the Chief
        Executive may see fit to make. (Amended 59 of 2000 s. 3) (Enacted
        1992)