|430||Title:||TRADING FUNDS ORDINANCE||Gazette Number:|
|Section:||4||Heading:||Assets and liabilities of a trading fund||Version Date:||30/06/1997|
(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.