324
[No. 5-9.3.36.-1.]
Short title.
Levy on sterling salaries exceeding
£240 per
annum.
Ordinances Nos. 15 of 1908 13 of 1928, 9 of 1929, and
2 of 1931.
Levy on
dollar
salaries exceeding
$240 per
annum.
A BILL
INTITULED
An Ordinance to make provision for a levy on the salaries of
public officers in the Hong Kong Government Service.
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 Hong Kong Government Service (Levy on Salaries) Ordinance, 1936.
2.-(1) Subject to the provisions of section 6 and with effect on and from the 1st January, 1936, and in order to reduce expenditure, there shall be a temporary levy, imposed by way of deduction at source, on the salaries of all public officers in the Hong Kong Government Service which are expressed in terms of sterling and which exceed £240 per
annum.
(2) On all such salaries there shall be deducted 24% on the first £240, 5% on the next £360, 74% on the next £400, 10% on the next £400 and 12% on the remaining portion of the salary above £1,400 per annum : Provided always that the levy as distinct from the special rate of conversion mentioned in sub-section (4), shall not operate so as to reduce the annual salary of any such officer below £240.
(3) Widows' and Orphans' Pension Contributions of the said officers under the Widows' and Orphans' Pension Ordin- ance, 1908, and the Ordinances amending the same, shall be calculated on the full sterling salary and converted into dollars at the prevailing monthly Treasury rate.
(4) After deduction of the levy, if any, and of the Widows' and Orphans' Pension Contribution, if any, or of either, the remainder of the salaries of all public officers in the Hong Kong Government Service which are expressed in terms of sterling, whatever their amount, shall be converted at the rate of one shilling and sixpence to the dollar for the months of January, February and March, 1936, and for subsequent months at such rates as the Legislative Council shall by resolution from time to time direct.
3.-(1) Subject to the provisions of section 6 and with effect on and from the 1st January, 1936, and in order to reduce expenditure, there shall be a temporary levy, imposed by way of deduction at source, on the salaries of all public officers in the Hong Kong Government Service which are expressed in terms of dollars and which exceed $240 per
annum.
(2) On all such salaries there shall be deducted, in respect of the salaries payable in respect of the months of January to June, inclusive, 1936, 4% on the first $1,000, 8% on the next $1,500. 12% on the next $2,500 and 15% on the remaining portion of the salary above $5,000.