Lotteries
Fund
Resolutions of the Legislative Council
Resolutions of the Legislative Council
(Format changes—E.R. 1 of
2017)
1.
Resolution made and passed by the Legislative Council on 30 June
1965.
Resolved—
1.
that with effect from 30 June 1965, there shall be established a fund
styled the
LOTTERIES FUND
;2.
that the Fund or any part of it may be held in Hong Kong dollars and shall
be administered by the Financial Secretary and may be invested in such
securities as may be approved by him;
3.
that there shall be credited to the Fund—
(a)
a sum of $7,418,920 to be appropriated from the general revenue with
effect from the date of creation of the Fund;
(b)
such appropriations from the general revenue as may from time to time
be made by this Council;
(c)
such sums as may be required by or under any Ordinance to be credited
thereto;
(d)
all sums received by way of repayment of loans or advances granted from
the Fund;
(e)
all sums received by way of interest or dividend on investments,
deposits, loans or advances of the Fund;
(f)
such donations as may be offered to the Fund and which have been
approved by the Finance Committee of this Council.
2.
Resolution made and passed by the Legislative Council on 10 March
1966.
Resolved
that in pursuance of a resolution passed by Legislative Council on 30 June 1965,
the sum of $2,026,540 shall be appropriated from general revenue and transferred
to the credit of the Fund.
3.
Resolution made and passed by the Legislative Council on 15 March
1967.
Resolved
that pursuant to a resolution passed by the Legislative Council on 30 June 1965,
the sum of $2,398,893 shall be appropriated from general revenue and transferred
to the credit of the
Lotteries
Fund
.