Cap. 430 sub. leg. E

Post Office Trading Fund Resolution of the Legislative Council(Format changes—E.R. 2 of 2020) Resolution made and passed by the Legislative Council under sections 3, 4 and 6 of the Trading Funds Ordinance (Cap. 430) on 19 July 1995. Resolved that with effect from 1 August 1995—(a) on the recommendation of the Financial Secretary, the Post Office Trading Fund (the trading fund) is established to manage and account for the operation of the government service of the Post Office;(b) the services the trading fund may provide are those set out in Schedule 1;(c) the assets set out in Schedule 2 are appropriated to the trading fund on the terms set out in that Schedule;(d) the net value of fixed assets of $3,001,400,000 appropriated to the trading fund are represented in the Capital Investment Fund by $900,400,000 as a loan and by $2,101,000,000 as a contribution of trading fund capital; (E.R. 2 of 2020)(e) the loan referred to in paragraph (d) is repayable by 10 equal annual instalments of $90,040,000 each, the first instalment being due on 1 August 1996 and subsequent instalments being due on the anniversaries of that date; (E.R. 2 of 2020)(f) loan interest is payable annually in arrears at a rate equal to the average of the best lending rate quoted by the continuing members of the Committee of the Hong Kong Association of Banks. Schedule 1 [para. (b)]Services 1. Receiving, collecting, sending, dispatching and delivering postal articles within the meaning of the Post Office Ordinance (Cap. 98). 2. Providing Speedpost and other courier services. 3. Retailing stamps and postal related products through counter outlets and appointed agents. 4. Philatelic services. 5. Remittance services. 6. Other services prescribed by the Acts of the Universal Postal Union. 7. Any ancillary service incidental or conducive to providing any of the services in items 1, 2, 3, 4, 5 and 6, including the services of business reply, express, insurance, post restante, private post office boxes, redirection and registration. 8. Agency services for Government departments, public bodies and public utilities, which are compatible with postal related services. 9. Letting out of accommodation that is not immediately required to provide postal services if the letting out does not affect the provision of postal services. 10. Providing the services of a certification authority within the meaning of the Electronic Transactions Ordinance (Cap. 553) and services incidental or related to such services. (L.N. 12 of 2000) Schedule 2 [para. (c)]Assets Item Description Terms 1. Buildings listed in Schedule 3. The buildings are not to be disposed of (other than by letting as specified in item 9 of Schedule 1) without the prior approval of the Financial Secretary. 2. All furniture and fixtures, equipment, computer systems and motor vehicles under the control of the Post Office as at 31 July 1995, as set out in the document marked “Inventory of Furniture, Equipment and Motor Vehicles of the Post Office” kept by the Postmaster General. 3. Capitalized setting up costs. Schedule 3 [item 1, Sch. 2]Office Buildings Appropriated to the Post Office Trading Fund Name of Post Office Location Hong Kong and Outlying Islands 1. General Post Office 2 Connaught Place, Central 2. Beaconsfield House G/F, Beaconsfield House, 4 Queen’s Road Central 3. Sai Ying Pun G/F & 1/F, 27 Pokfulam Road 4. Stanley 2 Wong Ma Kok Road 5. Aberdeen G/F and 1/F, Kam Fung Building, 171 Aberdeen Main Road, Aberdeen 6. Eastern Delivery Office 1/F, Eastern Law Courts Building, 29 Tai On Street, Sai Wan Ho 7. Gloucester Road 1/F, Revenue Tower, 5 Gloucester Road 8. Harbour Building 1/F, Harbour Building, 38 Pier Road 9. Heng Fa Chuen G/F, West Car Park Block, Heng Fa Chuen 10. Morrison Hill G/F, 28 Oi Kwan Road 11. Shau Kei Wan G/F, Perfect Mount Garden, 1 Po Man Street 12. Wan Chai G/F & 2/F, Wu Chung House, 197-213 Queen’s Road East 13. Mui Wo G/F, Mui Wo Government Offices Building, 2 Ngan Kwong Wan Road, Mui Wo 14. Peng Chau G/F, Government Building, Wing On Side Street, Peng Chau 15. Tai O G/F, Tai O Government Offices Building, Tai O Kowloon 16. Kowloon Headquarters M/F, Middle Road Carpark Building, 15 Middle Road 17. Kowloon Central Basement, G/F, M/F, 1/F & 2/F, Kowloon Government Offices Building, 405 Nathan Road 18. Canton Road G/F, Canton Road Government Offices Building, 393 Canton Road 19. Cheung Sha Wan G/F & 1/F, 650 Cheung Sha Wan Road 20. Kwun Tong G/F, Kwun Tong Government Offices Building, Tung Yan Street 21. Rennie’s Mill Village G/F, Rennie’s Mill Government Offices Building, Section 1, Rennie’s Mill Village 22. Sham Shui Po G/F & M/F, 55 Un Chau Street 23. International Mail Centre 80 Salisbury Road, Hung Hom 24. Air Mail Centre Tristar Avenue, Hong Kong International Airport 25. Kowloon East Delivery Office G/F-4/F & 9/F, Kowloon East Government Offices, 12 Lei Yue Mun Road 26. Airport D38, Departure Hall, 1/F, Hong Kong International Airport 27. Hung Hom Bay G/F, Block 14, Cherry Mansion, Whampoa Garden 28. Tai Kok Tsui G/F, 67 Anchor Street, Tai Kok Tsui New Territories 29. San Tin 1A Castle Peak Road, San Tin Section, San Tin 30. Sha Tau Kok G/F, Sha Tau Kok Government Offices Building, Sha Tau Kok Main Road 31. Yuen Long Delivery Office G/F, 1/F & 2/F, Yuen Long District Branch Office Building, 269 Castle Peak Road, Yuen Long 32. Shek Wu Hui G/F, 112-116 San Fung Avenue, Shek Wu Hui 33. Kam Tin G/F, Kam Tin Government Offices Building, Kam Tin Main Road 34. Tai Po G/F, Tai Po Government Offices Building, Ting Kok Road (including G/F counter of 200m2 which was opened on 19 July 1993) 35. Fanling G/F, Fanling Government Offices Building, 3 Pik Fung Road, Fanling 36. Fo Tan G/F, Shatin Galleria, 18-24 Shan Mei Street 37. Sai Kung G/F, Sai Kung Government Offices Building, 34 Chan Man Street, Sai Kung 38. Tsuen Wan 1/F & 10/F, Tsuen Wan Government Offices, 38 Sai Lau Kok Road 39. Tsuen Wan West Bayview Garden, 633 Castle Peak Road