Page:Deposit Protection Scheme Ordinance (Cap. 581).pdf/16

DEPOSIT PROTECTION SCHEME ORDINANCE :(d) repayment of, and interest on, any money borrowed by the Board for the purpose of performing its functions;
 * (e) such amounts of compensation as allowed under this Ordinance, and the costs of and incidental to paying the same;
 * (f) such amounts of rebates and refunds of contributions as allowed under this Ordinance, and the costs of and incidental to paying the same;
 * (g) expenses incurred by or in relation to the Tribunal;
 * (h) any other money payable from the Fund in accordance with this Ordinance.

17. Financial year and estimates

(1) The Board may, with the prior approval of the Financial Secretary, fix a period to be the financial year of the Fund.

(2) As soon as practicable after the commencement of this section, the Board shall submit to the Financial Secretary, for his approval, estimates of the income and expenditure of the Fund for the first financial year of the Fund.

(3) In each financial year of the Fund, before a date to be fixed by the Financial Secretary, the Board shall submit to the Financial Secretary, for his approval, estimates of the income and expenditure of the Fund for the next financial year of the Fund.

18. Accounts

(1) The Board shall keep and maintain proper accounts and records of all transactions of the Fund.

(2) After the end of each financial year of the Fund, the Board shall cause to be prepared for the financial year a statement of accounts of the Fund that—
 * (a) includes an income and expenditure account and balance sheet; and
 * (b) is signed by the Chairman of the Board.

19. Auditors

(1) The Board shall, with the prior approval of the Financial Secretary, appoint an auditor, who may be the Director of Audit.

(2) The auditor is entitled—
 * (a) to have access to such books of account and other records of the Fund; and