Hong Kong Regulations

IMMIGRATION SERVICE (WELFARE FUND) REGULATION - SECT 4

Investment of surplus funds

(1) The corporation may from time to time estimate the requirement of the Fund
in terms of the amount (if any) by which the money payable from the Fund
exceeds the money payable to the Fund during the 3 months' period beginning
from the day on which the estimate is made.

(2) The corporation may-

   (a)  invest in securities or place on deposit any money held in the
        deposit account that is surplus to the current requirement of the Fund
        from time to time; and

   (b)  for that purpose, request the Director to pay the surplus money to the
        corporation.

(3) The corporation must-

   (a)  comply with any direction that the Financial Secretary may give in
        relation to the investments or deposits made under subsection (2); and

   (b)  ensure that all dividends and interest accruing from the investments
        and deposits made under this Regulation are credited to the Fund.