Hong Kong Ordinances

TRADING FUNDS ORDINANCE - SECT 4

Assets and liabilities of a trading fund

(1) The Legislative Council may by resolution appropriate to the trading fund
the assets and liabilities on the terms set out in the resolution.

(2) The net value of the assets appropriated to a trading fund is a government
investment shown in the Capital Investment Fund as loan or trading fund
capital or partially of one and the balance of the other, on the terms set out
in the Legislative Council resolution establishing the trading fund and is to
be represented in the accounts of the trading fund as the debt to, or
trading fund capital of, the Government.

(3) Subject to the terms of the resolution establishing a trading  fund and
any directions of the Financial Secretary given under section  6 (5), the
general manager may dispose of any asset accounted for under the trading fund.
(Enacted 1993)