884
Objects and Reasons.
1. Section 2 of this Ordinance substitutes two sub- sections for section 26 (2) of the principal Ordinance, the meaning of which was obscure and appeared to limit the Land Officer's valuations to property worth under $5,000, with no provision for valuations of property worth more than that amount. Thus in the case of a Partition, Exchange, Gift inter vivos or Assignment by a Trustee to a Cestuique trust (wherein no consideration money is stated) there has been, in most cases, no proper statutory method of determining the appropriate fee.
2. Section 3 of this Ordinance makes certain additions to the fees set out in the Second Schedule to the principal Ordinance.
September, 1931.
C.S.O. 3181/14 Part IV.
C. G. ALABASTER,
Attorney General.
[No. 23-14.9.31.-2.]
A BILL
Short title.
Commence- ment.
Amendment
INTITULED
An Ordinance to amend further the Stamp
Ordinance, 1921.
Be it enacted by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof, as follows:--
1. This Ordinance may be cited as the Stamp Amend- ment Ordinance, 1931.
2. This Ordinance shall come into operatiou on the first day of January, 1932.
3. Sub-section (1) of section 21 of the Stamp Ordi- of Ordinance nance, 1921 is amended
No. 8 of
1921, 8. 21 (1).
Ordinance No. 58 of 1911.
Ordinance No. 26 of 1930.
Amendment
No. 8 of
() by the insertion after the word "chemist "in the fourth line of the words “, auditor on the current authorised list published under section 113 (1) of the Companies Ordinance, 1911, as amended by the
Companies Ainendment Ordinance,
1930.".
() by the insertion at the end of the said sub-section
of the following proviso
www
"Provided that this sub-section shall not be deemed to require an additional certificate in respect of practice under a firm name where the names of the individual profes- sional partners, assistants and servants of the firm appear on the said current autho- rised list,"
4. Heading No. 13 in the Schedule to the Stamp Ordi-
of Ordinance nance, 1921, is amended in the third columu by the dele- tion of the figure "$25" and by the substitution therefor of the figure "$50 ".
1921, Schedule Heading No. 13.