THE HONGKONG GOVERNMENT GAZETTE, MAY 28, 1915.
HONGKONG.
No. 16 of 1915.
An Ordinance to provide for the levy of Estate Duty payable in respect of the estates of deceased persons.
I assent to this Ordinance.
LS
F. H. MAY, Governor.
[28th May, 1915.]
BE it enacted by the Governor of Hongkong, with the advice and consent of the Legislative Council thereof, as follows:-
1. This Ordinance may be cited as the Estate Duty Short title. Ordinance, 1915, and shall come into force on the 1st day of January, 1916.
2. From and after the commencement of this Ordinance Amend- the several enactments specified in the First Schedule are ments. hereby amended to the extent set out therein.
3.-(1.) In this Ordinance, unless the context otherwise Interpreta- requires,-
tion of terms. 57 and 58 Viet. c. 30, s. 22 (1).
"Commissioner' means the Registrar of the Supreme Commis- Court, or such other person as the Governor may, by noti- sioner. fication in the Gazette, appoint to carry out the provisions of this Ordinance :
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Person. The Deceased.
Executor.
"Deceased Person and "The Deceased mean a per- Deceased son dying after the commencement of this Ordinance:
"Estate Duty" means estate duty under this Ordinance: Estate Duty. "Executor " means the executor or administrator of a deceased person and includes, as regards any obligation under this Ordinance, any person who takes possession of or intermeddles with the property of a deceased person or any portion thereof :
"
"Incumbrances include mortgages and terminable Incum
charges:
brances.
"Interest in expectancy" includes an estate in remain- Interest in der or reversion and every future interest whether vested expectancy. or contingent, but does not include a reversion expectant upon the determination of leases:
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Property" includes movable and immovable property, and the proceeds of sale thereof, and any money or invest- ment for the time being representing the proceeds of sale, and any estate in any property movable or immovable and any debt and any thing in action and any other right or interest in the nature of property whether in possession or
not:
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Property.
Property passing on the death" includes property Property passing either immediately on the death or after any passing on interval, and either certainly or contingently, and either the death. originally or by way of substitutive limitation, and the expression on the death" includes "at a period ascer-
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tainable only by reference to the death":
"Prescribed means prescribed by Rules made by the Prescribed. Governor-in-Council under this Ordinance:
"Settlement" means any non-testamentary disposition Settlement. in writing, whether made voluntarily or upon a good or valuable consideration other than a bona fide pecuniary consideration, whereby any definite and certain property is settled or agreed to be settled in any manner for any purpose whatsoever :
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