### Morrison Scholarships Fund Ordinance 《馬理遜獎學基金條例》

1. Short title
This Ordinance may be cited as the Morrison Scholarships Fund Ordinance.

2. Interpretation
In this Ordinance, unless the context otherwise requires—
Chairman (主席) means the Chairman of the Trustees designated by section 4(2)(a) ;
financial year (財政年度) means the 12 months ending on 31 August in each year, except that the financial year in progress at the commencement* of this Ordinance shall end on 31 August next following such commencement;
Fund (基金) means the Morrison Scholarships Fund continued by this Ordinance;
Morrison Scholarship (馬理遜獎學金) means a scholarship endowed and maintained out of the income of the Fund under section 6;
Queen’s College (皇仁書院) means the Government secondary school known as Queen’s College, Hong Kong;
the Trustees (受託人委員會、委員會)  means The Trustees of the Morrison Scholarships Fund the incorporation of which is continued by section 4(1); (Amended E.R. 4 of 2022)
trustee (委員會成員) means a person designated in section 4(2). (Amended E.R. 4 of 2022)
(Amended E.R. 4 of 2022) Editorial Note:
* Commencement date: 27 July 1990.

3. Continuance of Fund
(1) There shall continue to be a fund to be known as the “Morrison Scholarships Fund”.
(2) The Fund shall consist of—
(a) all moneys and other assets held in trust by “The Trustees of the Morrison Scholarships Fund” incorporated by the Morrison Scholarships Fund Incorporation Ordinance (39 of 1934) at the commencement* of this Ordinance;
(b) such other moneys and other assets as may after the commencement of this Ordinance from time to time be donated, subscribed or bequeathed to the Fund and accepted by the Trustees or otherwise acquired by the Fund; and
(c) any income of the Fund accumulated under section 7(g).

Editorial Note:
* Commencement date: 27 July 1990.

### Morrison Scholarships Fund Ordinance 《馬理遜獎學基金條例》

4. The Trustees
(1) There shall continue to be a body corporate with perpetual succession to be known as “The Trustees of the Morrison Scholarships Fund” which may, in that name, sue and be sued.
(2) The Trustees shall consist of the following persons—
(a) the Principal of Queen’s College, who shall be Chairman of the Trustees;
(b) the President of the unincorporated society known as the Queen’s College Old Boys’ Association;
(c) the Minister of the Union Church, Hong Kong, within the meaning of the Union Church Incorporation Ordinance (Cap. 1052),
and their successors in office for the time being.
(3) The identity of the persons holding the offices designated in subsection (2) at the commencement* of this Ordinance shall be notified in the Gazette.
(4) Subject to subsection (6), any change in the identity of the persons constituting the Trustees under subsection (2) shall be notified in the Gazette and shall not take effect until so notified.
(5) During the absence from Hong Kong or incapacity of any person designated a trustee by subsection (2), the person temporarily performing the duties of that person shall act as trustee.
(6) The identity of a person temporarily performing the duties of a trustee under subsection (5) need not be notified in the Gazette.
(7) A person temporarily performing the duties of the Principal of Queen’s College during the absence from Hong Kong or incapacity of the Principal, shall not thereby become Chairman of the Trustees, but section 10(3) shall apply to determine who shall act as Chairman during such period.

Editorial Note:
* Commencement date: 27 July 1990.

5. Seal
The Trustees shall continue to have and may use a common seal, the affixing of which when required shall be—
(a) authorized or ratified by resolution of the Trustees; and
(b) done in the presence of and signed by the Chairman and one other trustee.

6. Application of the Fund
(1) The Trustees shall hold the Fund upon trust to apply the available income—
(a) for the endowment and maintenance of one or more scholarships, to be known as Morrison Scholarships, for students or graduates of Queen’s College, without distinction of class or nationality; and
(b) as to not more than 25% towards other educational purposes associated with Queen’s College.
(2) In this section, available income (可動用收益) means the income of the Fund during any financial year available after making any payments required under section 9 or 11(7) in respect of that financial year.

### Morrison Scholarships Fund Ordinance 《馬理遜獎學基金條例》

7. Powers of the Trustees
Subject to this Ordinance, the Trustees may at their discretion—
(a) determine and perform all matters relating to the application of the Fund;
(b) grant or renew one or more Morrison Scholarships in each financial year;
(c) decide the number of Morrison Scholarships to be granted or renewed, the value of each scholarship, the conditions upon which and the period for which any such scholarship is granted or renewed, and the identity of the recipients of such scholarships;
(d) invest the assets of the Fund in such investments as the Trustees think fit, whether or not such investments are in Hong Kong or are authorized by section 4 of the Trustee Ordinance (Cap. 29);
(e) convert into money any assets of the Fund not acquired in the form of money;
(f) borrow money in such manner, on such terms and against such security as the Trustees think expedient; and
(g) accumulate income of the Fund not applied under section 6 or paid under section 9 or 11(7).

8. Employment of assistants and advisers
The Trustees may employ, upon such terms and conditions as the Trustees think fit—
(a) one or more persons to assist them or any of them in the performance of their functions;
(b) any professional person or financial institution to advise them on any matter arising out of or in connection with their functions under this Ordinance or to manage the investment of the Fund in accordance with such general or specific directions as the Trustees may give in writing from time to time.

9. Payment of fees and expenses
(1) Any trustee who is required to travel in Hong Kong for the purpose of attending any meeting of the Trustees may be paid out of the income of the Fund reasonable travelling expenses in connection with such attendance.
(2) The salaries, fees and expenses of any person or institution employed by the Trustees under section 8 shall be determined by the Trustees and paid out of the income of the Fund.

### Morrison Scholarships Fund Ordinance 《馬理遜獎學基金條例》

10. Transaction of business and regulation of procedures
(1) Meetings of the Trustees shall be held at such times and places as may be appointed by the Chairman, who shall preside at all such meetings.
(2) The Chairman shall be the honorary Secretary to the Trustees.
(3) Without prejudice to section 4(5) (as to acting trustees) if the Chairman is unable to perform any of his functions for any period due to absence from Hong Kong or for any other reason, he may nominate another trustee to perform those functions in his place and failing such nomination the Trustees, including any acting trustee, shall elect one of their number to perform the duties of Chairman during such period.
(4) The Trustees may transact any of their business by circulation of papers, and for that purpose a resolution in writing which is approved in writing by 2 of the trustees shall be as valid and effectual as if it had been passed at a meeting of the Trustees.
(5) At meetings of the Trustees 2 trustees shall constitute a quorum.
(6) No act or decision of the Trustees shall be valid unless approved by 2 trustees but if so approved shall not be questioned on the ground that the other trustee did not concur or join therein, or objected thereto.
(7) Sections 51 and 52 of the Interpretation and General Clauses Ordinance (Cap. 1) shall apply in relation to the Trustees.
(8) Subject to this section, the Trustees may regulate their own procedure.