29-
* (1)
VÄTKIJA
(ii)
no deduction shall be made
in respect of any sum which may
be payable as royalty by the
licensee to the Government or
in respect of any interest on
money borrowed by the licensee
except such part of any such
interest as, in any year, is
in excess of the total dividends
and interest received by the
licensee from any investments
of the licensee.
(Cap. 112.)
(2) The Financial Secretary and any
person authorized by him in writing shall,
for the purpose of ascertaining the net
profit of a licensee, be an authorized
representative of the licensee for the
purposes of section 4 of the Inland
Revenue Ordinance to the intent that
the Commissioner of Inland Revenue and
any assessor and any person appointed to
carry out duties under that Ordinance
shall, on demand of the Financial Secretary
or such authorized person, disclose all
such matters relating to the affairs of
the licensee as the Financial Secretary
or such authorized person may require and
such disclosure shall not be deemed to be
a breach of the duties imposed upon the
person making it by the said section.