### Hong Kong Productivity Council Ordinance 《香港生產力促進局條例》

17. Accounts
(1) The Council shall keep proper accounts of all income and expenditure and shall maintain proper and adequate records thereof.
(2) As soon as may be convenient after the end of each financial year the Council shall cause to be drawn up a statement of income and expenditure during such financial year and a statement of the assets and liabilities of the Council on the last day thereof.

18. Audit
(1) The Council shall appoint auditors who shall be entitled at any time to have access to all books of account, vouchers and other financial records of the Council and to require such information and explanations thereon as they think fit.
(2) The auditors shall audit the statements drawn up under section 17(2) as soon as possible and shall make a report thereon to the Council.

19. Reports to be laid on table of Legislative Council
(1) The Council shall as soon as possible after the end of each financial year, but not later than 6 months after the end of each financial year or such longer period as the Chief Executive may as to any particular year allow, make to the Chief Executive a report on its activities and shall transmit to the Chief Executive therewith a copy of the statements drawn up under section 17(2) and the report made under section 18(2). (Amended 57 of 1985 s. 10)
(2) The Chief Executive shall cause to be laid on the table of Legislative Council the reports and statements received by him under subsection (1).
(Amended 65 of 2000 s. 3)

20. Investment of surplus funds
All funds of the Council that are not immediately required shall be deposited on fixed deposit in any bank or savings bank nominated by the Financial Secretary, either generally or in any particular case, for that purpose, or, subject to the prior approval of the Financial Secretary, shall be invested in such investments as the Council thinks fit.

21. Prohibition of possession and use of emblem
(1) Except with the authority of the Council, no person shall use or have in his possession—
(a) the emblem of the Council, which emblem is portrayed in the First Schedule, or any copy or replica of such emblem; (Amended 57 of 1985 s. 11)
(b) any emblem or device containing the words “Hong Kong Productivity Council”; or
(c) any emblem or other device which so resembles the emblem or any device of the Council as to be capable of being mistaken for such emblem or device.
(2) Any person who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine at level 1. (Amended E.R. 3 of 2022)
(Added 83 of 1974 s. 5)

### Hong Kong Productivity Council Ordinance 《香港生產力促進局條例》

22. Amendment of Second Schedule
The Chief Executive may by order published in the Gazette amend the Second Schedule.
(Added 57 of 1985 s. 12. Amended 65 of 2000 s. 3)

### Hong Kong Export Credit Insurance Corporation Ordinance 《香港出口信用保險局條例》

1. Short title
This Ordinance may be cited as the Hong Kong Export Credit Insurance Corporation Ordinance.

2. Interpretation
In this Ordinance, unless the context otherwise requires—
Advisory Board (諮詢委員會) means the Advisory Board established by section 10;
auditors (核數師) means the auditors appointed under section 25;
Commissioner (總監) means the Commissioner of the Hong Kong Export Credit Insurance Corporation appointed under section 6;
Corporation (保險局) means the Hong Kong Export Credit Insurance Corporation established by section 3;
financial year (財政年度) means the period commencing on the 1 April in any year and ending on the 31 March in the year following, except that the period from the commencement of this Ordinance to 31 March 1967 shall be deemed to be a financial year;
trade with places outside Hong Kong (與香港以外地方進行的貿易) includes any transaction (including a transaction for the rendering of a service) involving a consideration in money or money’s worth accruing from a person in the course of carrying on business or other activities outside Hong Kong to a person carrying on business in Hong Kong or to a company carrying on business or other activities outside Hong Kong which is directly or indirectly controlled by a company carrying on business or other activities in Hong Kong. (Amended 66 of 2000 s. 3)

3. Establishment of Corporation
(1) There is hereby established a corporation to be called the Hong Kong Export Credit Insurance Corporation which shall, in that name, be a body corporate with perpetual succession and shall be capable of suing and being sued, and subject to this Ordinance of doing and suffering all such other acts and things as bodies corporate may lawfully do and suffer.
(2) The powers, functions and duties of the Corporation under this Ordinance may be exercised or performed in its name and on its behalf by the person for the time being performing the duties of the office of Commissioner.

4. Official seal and authentication thereof, and instruments executed thereunder
(1) The Corporation shall have and may use a common seal, the affixing of which shall be authenticated by the signature of the Commissioner.
(2) Any instrument purporting to be an instrument duly executed under the seal of the Corporation shall be received in evidence and shall, unless the contrary is proved, be deemed to be an instrument so executed.

5. Certain contracts and instruments not required to be under seal
Any contract or instrument which, if entered into or executed by a person not being a body corporate, would not be required to be under seal may be entered into, signed or executed on behalf of the Corporation by any person generally or specially authorized for that purpose by the Corporation.

### Hong Kong Export Credit Insurance Corporation Ordinance 《香港出口信用保險局條例》

6. Appointment of Commissioner
(1) The Chief Executive may appoint a Commissioner of the Hong Kong Export Credit Insurance Corporation, who may be a public officer seconded for the purpose, on such terms and conditions as he may think fit. (Amended 66 of 2000 s. 3)
(2) The appointment of any person to be the Commissioner, and the termination of his appointment, shall be notified in the Gazette.

7. Delegation of powers by the Corporation
The Corporation may delegate any officer of the Corporation, or the person for the time being holding any office of the Corporation designated by it, to exercise such of its powers, except this power of delegation, or perform such of its functions and duties on its behalf as it may consider necessary.

8. Acting Commissioner
(1) If the office of Commissioner is vacant at any time or in the event of the absence from duty of the Commissioner, the Chief Executive may appoint a person, who may be a public officer seconded for the purpose, to act as Commissioner on such terms and conditions as he may think fit.
(2) A person appointed to act as Commissioner by reason of a vacancy in the office of Commissioner shall hold office at the Chief Executive’s discretion, but shall not in any event continue in office for more than 1 year from the date of his appointment.
(3) A person appointed to act as Commissioner in the event of the absence from duty of the Commissioner shall hold office during that absence, but his appointment may at any time be terminated by the Chief Executive.
(Amended 66 of 2000 s. 3)

9. Business of the Corporation
(1) The Corporation may, subject to the provisions of this Ordinance, carry on the business of insurance, being insurance under the contracts of insurance specified in subsection (2), and the business of giving guarantees under section 9B. (Amended 8 of 1974 s. 2)
(2) The contracts of insurance which the Corporation may enter into under this section are contracts of insurance with, or for the benefit of, persons carrying on business in Hong Kong, being contracts of insurance against risk of monetary loss or other monetary detriment attributable to circumstances outside the control of the person suffering the loss or detriment and resulting from failure to receive payment in connexion with, or otherwise arising out of, acts or transactions in the course of, or for the purpose of, trade with places outside Hong Kong. (Amended 66 of 2000 s. 3)
(3) The Corporation shall not enter into contracts of insurance against risks that are normally insured with commercial insurers.
(4) The Corporation shall pursue a policy directed towards securing revenue sufficient to meet all its expenditure properly chargeable to revenue account.