1018
Draft Bill.
No. S. 441.-The following bill, which it is proposed to introduce at the next meeting of the Legislative Council, is published for general information :-
C.S.O. 3181/14. Pt. IV.
[No. 27-7.11,29.-3.]
A BILL
Short title.
Ordinances Nos. 8 of 1921 and
1 of 1925.
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, 1929, and the Stamp Ordinance, 1921, the Stamp Amendment Ordinance, 1925, and this Ordi- nance, may be cited together as the Stamp Ordinances, 1921-1929.
2. Paragraph (15) of section 3 of the Stamp Ordinance, of Ordinance 1921, is repealed and the following paragraph is sub-
stituted therefor :----
No. 8 of
1921,
s. 3 (15).
Amendment
""
means an
(15) "Letter of hypothecation instrument accompanying a deposit with a banker of the documents of title to goods, shares or marketable securities.
3. Paragraph (19) of section 3 of the Stamp Ordinance,
of Ordinance 1921, is amended by the addition of the following words
No. 8 of
1921,
s. 3 (19).
Amendment
at the end thereof :-
or a trust receipt given to a banker,”
4. Sub-section (1) of scetion 5 of the Stamp Ordinance,
of Ordinance 1921, is amended by the insertion of the following words No. 8 of
1921, s. 5 (1).
Amendment
----
at the beginning thereof :-
64
Subject to the exemptions contained in this Ordinance and in any other enactment,”.
5. Sub-section (3) of section 21 of the Stamp Ordi-
of Ordinance nance, 1921, is repealed, and the following sub-section is
No. 8 of
1921,
s. 21 (3).
Insertion of new s. 26A
in Ordinance No. 8 of 1921.
substituted therefor :-
(3) This scetion shall not apply to the following :-
(a) any person the whole of whose time is at the disposal of the Crown ; (b) any professor of the Faculty of Medi- cine of the University of Hong Kong ; (e) any person who may for the time being be exempted by the Governor in Council on the ground that the whole of the time of such person is at the disposal of some charitable institution.
6. The following section is inserted in the Stamp Ordi- nance, 1921, immediately after section 26 thereof :-
Passing on of dividends prohibited.
26A.--(1) No person shall be entitled to claim, directly or indirectly, the payment of any dividend, or of the amount or value of any dividend, on any share on a share register which is by law required to be kept within the Colony, unless (a) such person is the registered owner of the share in question at the time of such claim, or (b) such person was the regis-
t