Chapter:	430	Title:	TRADING FUNDS ORDINANCE	Gazette Number:
Section:	6	Heading:	Control and management of a trading fund	Version Date:	30/06/1997

(1) The Legislative Council shall prescribe, in the resolution establishing the trading fund, the services to be provided under a trading fund.
(2) The Financial Secretary shall designate a general manager to control and manage a trading fund and who is accountable to the Financial Secretary for the operations of the trading fund.
(3) The general manager is not to vary the services undertaken by a trading fund other than in accordance with the Legislative Council resolution.
(4) Notwithstanding subsection (3), the Financial Secretary may authorize a general manager to undertake additional operations under a trading fund that are incidental to the prescribed services of the trading fund.
(5) The Financial Secretary may issue directions to the general manager for the control and management of a trading fund and the general manager shall comply with the directions.
(6) The general manager shall manage a trading fund with the objectives of-

(a) providing an efficient and effective operation that meets an appropriate standard of service;
(b) within a reasonable time, meeting expenses incurred in the provision of the government service and financing liabilities of the trading fund out of the income of the trading fund, taking one year with another; and
(c) achieving a reasonable return, as determined by the Financial Secretary, on the fixed assets employed.