}
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THE HONGKONG GOVERNMENT GAZETTE, DECEMBER 17, 1909.
Provided always that if the said affidavit and account are not delivered to the Collector within the said period of six months then any duty remaining unpaid at the expiry of the said period shall be charged at three times the customary rate, unless the person liable to render such affidavit and account can prove to the satisfaction of a Judge of the Supreme Court that his omission to do so was not due to any negligence or default on his part: Pro- vided further that every person who neglects or omits within the said period of six months to render such account shall, on summary eon- viction before a Magistrate, be personally liable to a penalty not exceeding five hundred dollars unless he can prove to the satisfaction of the Magistrate that his omission to do so was not due to any wilful neglect or default on his part.
(2.) Notwithstanding such neglect or omission and notwithstanding any such conviction, such duty (whatever the amount thereof) may be re- covered at the suit of the Colonial Treasurer in the Supreme Court in its Summary Jurisdic- tion, without prejudice to any other remedy."
3. Section 22 of the Principal Ordinance is hereby Amendment amended by the substitution of the words "three times" of section 22 for the word “double" in the ninth line thereof.
4. Article 21 in the First Schedule to the Principal Ordinance is hereby amended by the addition at the end thereof of the following :---
(1.) Where the consideration, or any part of the consideration, for a conveyance on sale consists of any stock or marketable security, the con- veyance is to be charged with ad valorem duty in respect of the value of the stock or security, (2.) Where the consideration, or any part of the consideration, for a conveyance on sale consists of any security not being a marketable security, the conveyance is to be charged with ad valorem duty in respect of the amount due on the day of the date thereof for principal and interest upon the security.
5. In this Ordinance unless the context otherwise re- quires:-
多多
The expression "marketable security means a se- curity of such a description as is capable of being sold in the stock market in Hongkong.
of the
Principal Ordinance.
How ad valo- rem duty to
be calculated in respect of stock and securities.
6. This Ordinance shall come into operation on the Commence-
1st day of March, 1910.
Passed the Legislative Council of Hongkong, this 16th
day of December, 1909.
ment of Or- dinance.
1073
C. CLEMENTI,
Clerk of Councils.
Assented to by His Excellency the Governor, the 17th day of December, 1909.
F. H. MAY,
Colonial Secretary.
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