THE HONG KONG GOVERNMENT GAZETTE, JUNE 27, 1930.
(2) Duty at the rate of fifteen cents per gallon [18 & 19 shall also be payable on all light oils which on the Geo. 5 Ch. first day of July nineteen hundred and thirty were
17. s. 2. (2).] in the Colony and in the ownership or possession of any person who on that date held more than one thousand gallons thereof.
(3) In the case of hydrocarbon oils in or removed to a refinery for manufacture into light oils a duty of fifteen cents per gallon shall be charged on the delivery of such light oils from the refinery; provided that in the case of such light oils being removed from a refinery under an export permit, no duty shall be payable.
(4) Duty shall not be payable in respect of stores of light oils purchased or imported as ships stores or on account of His Majesty's Government or of the Government of the Colony.
Legislative manner Council,
7.-(1) It shall be lawful for the Legislative Alteration of Council by resolution to increase, decrease, recast, duties by abolish or vary to any extent and in any whatsoever, any of the duties imposed at any time by or under this Ordinance, or to impose new duties on any light oils thereafter to be imported into the Colony or already in the Colony at the time of coming into operation of such resolution.
(2) Every such resolution shall come into operation at the time of the passing thereof unless some other time be specified in such resolution.
are altered or repealed.
8.—(1) When any new duty is imposed and when Provision for any duty is increased and any light oils are delivered contracts on or after the day on which the new or increased when duties duty takes effect, in pursuance of a contract made before that day, and the seller has paid such new or increased duty, he may in the absence of any agree- ment to the contrary recover as an addition to the contract price a sum equal to the amount paid by him in respect of the light oils on account of the new duty or the increase of duty, as the case may be.
(2) When any duty is repealed or decreased and any light oils affected by the duty are delivered on or after the day on which the duty ceases
or the decrease in duty takes effect, in pursuance of a contract made before that day, the buyer, in the absence of any agreement to the contrary, may, if the seller has had in respect of those light oils the benefit of the repeal or decrease in the duty, deduct from the contract price a sum equal to the amount of the duty or the decrease of duty, as the case may be.
as
(3) When any addition to or deduction from the contract price may be made under this section on account of any new or repealed duty, such sum as may be agreed upon, or in default of agreement as may be determined by the Superintendent, representing in the case of a new duty any expenses incurred and in the case of a repealed duty any expenses saved may be included in the addition to or deduction from the contract price and may be recover- ed or deducted accordingly.
(4) This section shall apply although the light oils may have undergone some process of manufacture.
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