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2

SPEECH BY THE HONOURABLE FINANCIAL SECRETARY

IN LEGISLATIVE COUNCIL : WEDNESDAY 10 FEBRUARY 1988

Dutiable Commodities (Amendment) Bill 1988

He said:

Sir,

I move that

the

Dutiable

(Amendment) Bill 1988 be read a second time.

Commodities

=

یک

This Bill seeks to

to formalige changes

the

tobacco duty structure which were effected by a Public

Revenue Protection Order on 25 November 1987. When I

announced these changes in this Council

that time, I

the

described the advantages of the new basis and its revenue

implications.

7/lex.

Sir,

Ølause 2 of the Dutiable

Commodities

(Amendment) Bill 1988 seeks to repeal section 66 of the

principal Ordinance which stipulates the procedure for

the calculation of the weight of tobacco. This provision

is rendered obsolete by the per stick duty structure.

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