(Format changes—E.R. 1 of 2017)
Resolution made and passed by the Legislative Council on 30 June 1965.
Resolved—
that with effect from 30 June 1965, there shall be established a fund styled the LOTTERIES FUND;
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;
that there shall be credited to the Fund—
a sum of $7,418,920 to be appropriated from the general revenue with effect from the date of creation of the Fund;
such appropriations from the general revenue as may from time to time be made by this Council;
such sums as may be required by or under any Ordinance to be credited thereto;
all sums received by way of repayment of loans or advances granted from the Fund;
all sums received by way of interest or dividend on investments, deposits, loans or advances of the Fund;
such donations as may be offered to the Fund and which have been approved by the Finance Committee of this Council.
(L.N. 91 of 1965; L.N. 219 of 1973; 68 of 1999 s. 3)
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.
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.