FIRE SERVICES DEPARTMENT (WELFARE FUND) REGULATIONS - CHAPTER 95D FIRE SERVICES DEPARTMENT (WELFARE FUND) REGULATIONS - LONG TITLE Empowering section (Repealed L.N. 251 of 1999) VerDate:19/11/1999 FIRE SERVICES DEPARTMENT (WELFARE FUND) REGULATIONS - LONG TITLE Empowering section VerDate:30/06/1997 (Cap 95, section 25) [13 August 1954] (32 of 1954 Fourth Schedule) FIRE SERVICES DEPARTMENT (WELFARE FUND) REGULATIONS - REGULATION 1 (Repealed L.N. 251 of 1999) VerDate:19/11/1999 FIRE SERVICES DEPARTMENT (WELFARE FUND) REGULATIONS - REGULATION 1 Citation VerDate:30/06/1997 These regulations may be cited as the Fire Services Department (Welfare Fund) Regulations. FIRE SERVICES DEPARTMENT (WELFARE FUND) REGULATIONS - REGULATION 2 (Repealed L.N. 251 of 1999) VerDate:19/11/1999 FIRE SERVICES DEPARTMENT (WELFARE FUND) REGULATIONS - REGULATION 2 Maintenance of fund VerDate:30/06/1997 (1) All moneys due to the Fire Services Department Welfare Fund (referred to herein as the Fund) as prescribed by section 18 of the Ordinance shall immediately be paid in full to the Director of Accounting Services who shall credit them to an account entitled "Deposits-Fire Services Department Welfare Fund" or "存款─消防處福利基金". (80 of 1997 s. 109) (2) When any illegal gratification or any gift the receipt of which is prohibited by the Regulations of the Hong Kong Government given or offered to a Fire Services Department Officer is in a form other than money or negotiable security and is a saleable commodity, it shall be sold under the direction of the Director and the proceeds of the sale shall be paid to the Director of Accounting Services and credited by him to the account "Deposits-Fire Services Department Welfare Fund" or "存款─消防處福利基金". (80 of 1997 s. 109) (3) The Director of Accounting Services shall render to the Director after the closing of each month's accounts a return showing all transactions of the Fund in his accounts during the previous month. (L.N. 16 of 1977) FIRE SERVICES DEPARTMENT (WELFARE FUND) REGULATIONS - REGULATION 3 (Repealed L.N. 251 of 1999) VerDate:19/11/1999 FIRE SERVICES DEPARTMENT (WELFARE FUND) REGULATIONS - REGULATION 3 Investment VerDate:30/06/1997 All sums considered by the Director to be surplus to the normal requirements of the Fund shall at his request- (a) be invested in such securities or deposited in such manner in the Colony by the Director of Accounting Services as the Financial Secretary may from time to time approve for that purpose; or (b) be remitted to the Crown Agents for investment in such securities or deposit in such manner as the Secretary of State may from time to time approve for that purpose, and the dividends or interest accruing from such investments or deposits shall be credited to the account specified in regulation 2. (1 of 1961 s. 10; L.N. 16 of 1977) FIRE SERVICES DEPARTMENT (WELFARE FUND) REGULATIONS - REGULATION 4 (Repealed L.N. 251 of 1999) VerDate:19/11/1999 FIRE SERVICES DEPARTMENT (WELFARE FUND) REGULATIONS - REGULATION 4 Valuation of investments VerDate:30/06/1997 All investment of the Fund shall be valued at the middle market price in Hong Kong or London on the 31st March in each year, and the balance of the Fund on that date shall be increased or decreased as may be required in accordance with such valuation. FIRE SERVICES DEPARTMENT (WELFARE FUND) REGULATIONS - REGULATION 5 (Repealed L.N. 251 of 1999) VerDate:19/11/1999 FIRE SERVICES DEPARTMENT (WELFARE FUND) REGULATIONS - REGULATION 5 Realization of investments VerDate:30/06/1997 Should at any time the uninvested portion of the Fund fall below a figure which in the opinion of the Director is the minimum necessary for the normal requirements of the Fund, he shall request the Director of Accounting Services to sell on the local market or in London such part of the Fund's investments as will together with the existing uninvested portion provide an adequate working balance. (L.N. 16 of 1977) FIRE SERVICES DEPARTMENT (WELFARE FUND) REGULATIONS - REGULATION 6 (Repealed L.N. 251 of 1999) VerDate:19/11/1999 FIRE SERVICES DEPARTMENT (WELFARE FUND) REGULATIONS - REGULATION 6 Certification of advances VerDate:30/06/1997 All vouchers submitted to the Director of Accounting Services in respect of payments to be made out of the Fund shall either be certified by the Director or shall have attached to them certified true copies of the Director's approval for each withdrawal. In the latter event the certificates and vouchers may be signed by an officer so authorized by the Director. The Director of Accounting Services shall pay only on the authority of the Director as indicated above and shall be advised of the name of any officer authorized by the Director to sign on his behalf. (L.N. 16 of 1977) FIRE SERVICES DEPARTMENT (WELFARE FUND) REGULATIONS - REGULATION 7 (Repealed L.N. 251 of 1999) VerDate:19/11/1999 FIRE SERVICES DEPARTMENT (WELFARE FUND) REGULATIONS - REGULATION 7 Loans by Fund VerDate:30/06/1997 (1) A loan granted under section 19(b) of the Ordinance shall- (a) (Repealed L.N. 116 of 1978) (b) be repaid by such monthly instalments, not exceeding 48, as the Director may specify; (c) be subject to the payment of interest at the rate of 5 per centum per annum, calculated monthly on the maximum balance outstanding in each month and payable one month after payment of the last instalment; and (d) become repayable in full, with any interest due, upon default in the repayment of any monthly instalment. (2) Notwithstanding paragraph (1) the Director may at any time waive the condition requiring payment of interest on any such loan. (3) Any part of a loan, and any interest thereon, due and unpaid shall be deemed to be a debt due to the Government and may be recovered accordingly. (L.N. 42 of 1969; L.N. 136 of 1975) FIRE SERVICES DEPARTMENT (WELFARE FUND) REGULATIONS - REGULATION 8 (Repealed L.N. 251 of 1999) VerDate:19/11/1999 FIRE SERVICES DEPARTMENT (WELFARE FUND) REGULATIONS - REGULATION 8 Write-off VerDate:30/06/1997 Upon a recommendation of the Director, the Financial Secretary may authorize the writing off of any asset or any debt due to the Fund which he considers irrecoverable: Provided that any such write-off shall take effect for the purpose of accounting records alone and shall not extinguish any right of the Fund to recovery of any such asset or debt. FIRE SERVICES DEPARTMENT (WELFARE FUND) REGULATIONS - REGULATION 9 (Repealed L.N. 251 of 1999) VerDate:19/11/1999 FIRE SERVICES DEPARTMENT (WELFARE FUND) REGULATIONS - REGULATION 9 Duties of Director of Accounting Services and Director of Audit VerDate:30/06/1997 The Director of Accounting Services shall keep the Director informed of all transactions on account of the Fund's investments and the latter shall balance his accounts monthly and reconcile them with the deposit account maintained by the Director of Accounting Services. The accounts shall be subject to periodical audit by the Director of Audit. FIRE SERVICES DEPARTMENT (WELFARE FUND) REGULATIONS - REGULATION 10 (Repealed L.N. 251 of 1999) VerDate:19/11/1999 FIRE SERVICES DEPARTMENT (WELFARE FUND) REGULATIONS - REGULATION 10 Accounts VerDate:30/06/1997 (1) The Director 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 the 31st March 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 Director. (2) The accounts of the Fund and the signed statement of the accounts shall be audited by the Director of Audit, who shall certify the statement subject to such report, if any, as he may think fit. (3) A copy of the signed and audited statement of accounts together with the Director of Audit's report, if any, and a report by the Director on the administration of the Fund during the period covered by the audited accounts shall be laid upon the table of the Legislative Council not later than the 30th September next following the end of such period or so soon thereafter as the Governor, in his absolute discretion, may allow. (1 of 1961 s. 10)