Sewage Services Trading Fund (Closure)
Resolution of the Provisional Legislative Council
(Format changes—E.R. 2 of 2020)
Resolution made and passed by the Provisional Legislative Council under section 12 of the Trading Funds Ordinance (Cap. 430) on 19 November 1997.
Resolved that—
on the recommendation of the Financial Secretary, the Sewage Services Trading Fund (the trading fund) shall be closed at the end of the day on 31 March 1998;
on the closure of the trading fund—
all money whether from operating revenue or from cash assets shall be part of the Capital Investment Fund;
all liabilities shall be assumed by the Government;
all other assets shall be transferred back to and form part of the property of the Government.