nance:
169
16. (1) In the case of persons dying after the com- Amended mencement of this Ordinance the scale of rates set out rates of in the Schedule to this Ordinance is substituted for the estate duty. scale of rates set out in the Schedule to the principal Ordi- 9 & 10 Provided that where an interest in expectancy Geo. 5, in any property has, before the commencement of this 32, s. 29. Ordinance, been bona fide sold or mortgaged for full con- sideration in money or money's worth, then no other duty on that property shall be payable by the purchaser or mortgagee when the interest falls into possession than would have been payable if this section of this Ordinance has not been passed, and in the case of a mortgage any higher duty payable by the mortgagor shall rank as a charge subsequent to that of the mortgagee.
(2) Section 4 of the principal Ordinance is amended Amendment by the deletion of the word Second" before the word of Ordinance "Schedule" in the sixth line thereof and the substitution 1915, s. 4. therefor of the word " applicable ".
No. 16 of
(3) The heading to the Third schedule to the principal Am ndment Ordinance and the reference therein to section 13 of that of Ordinance
No. 16 of Ordinance is deleted. The Table in the said Schedule 1915. may be used in calculating the value of reversionary Third interests. The words "Table for use, where applicable, Schedule. in the calculation of Reversionary interests" are substi- tuted for the heading deleted by this sub-section and the figures "No. 6 of 1931, s. 16 (3) are substituted for the said reference to section 13 of the principal Ordinance.
SCHEDULE.
[ss. 4, 10, 12, 13, 18, 19 and 22.]
Where the principal value of the estate
Estate Duty shall be payable at the rate per
cent of.
Exceeds
500
{
f and does not
5,000
exceed
5,000
10,000
"
10,000
25,000
33
"
25,000
50,000
希望
50,000
100,000
$3
100,000
200,000
11
200,000
400,000
11
400,000
600,000
600,000
800,000
wana 400 10
23
11
800,000
1,000,000
10
35
1,000,000
2,000,000
2,000,000
12
19
Page 10Page 11