registered in the Colony conto
It would be a
5 only
10 cento
a very popular measure
in the Colony, but I Know of no precedent for such exceptional Regiolation and as far as I can learn no such enactments Colony; it is probable
exist in
any
other
that in other Colonies all Companies local
On
not
are on-
hong hong
the same
522
Hongkong and the Foreign Companies
all laxation because their business excape
is carried on
by Agents.
Even if this extra stamp duty is
charged on Policies delivered by
worr
n Local
very doubtful who then will bear the charged,
Companies it is the Company
should say the probabilities are that
footing, whilst in of the nature of
of
they
on account of the
taxation the non Local Companies are
placed in a more
than the local
ones.
favorvrable position
-registered under
Companies which are r
the Hongkong
to pay
Ordinance have a heavy fee to the Registrar of Compresies. Thus the Houghing Fire Insuran Company paid $30% and the China Fire Insurance Company $307 beesiden the Municipal rates which they pay or their places of businees and their ___ Contribution to the voluntier Fire Brigade. No license fee or any fee to corry
business is Hongking payable by any Company in
I
would add this account to the premium and make the assured
pay (Signed) Edur.
J. Ackroyd,
Acting Attorney General
25th August, 1887.
Upon reviewing the provided text and applying the given rules for OCR proofreading, here is the corrected version in HTML format as requested:registered in the Colony cannot
It would be a
5 only
10 percent
a very popular measure
in the Colony, but I know of no precedent for such exceptional legislation and as far as I can learn no such enactments exist in any other Colony; it is probable
that in other Colonies all Companies, local and non-local, are on the same footing, whilst in Hongkong and the Foreign Companies are on a different footing because their business is carried on by Agents.
Even if this extra stamp duty is charged on Policies delivered by Local Companies it is very doubtful who then will bear the charge; the probabilities are that the Company will bear it.
On account of the taxation the non-Local Companies are placed in a more favourable position than the local ones.
Companies which are registered under the Hongkong Ordinance have a heavy fee to pay to the Registrar of Companies. Thus the Hongkong Fire Insurance Company paid $307 and the China Fire Insurance Company $307 besides the Municipal rates which they pay for their places of business and their contribution to the volunteer Fire Brigade. No license fee or any fee to carry on business in Hongkong is payable by any Company.
I would add this account to the premium and make the assured pay.
(Signed) Edur. J. Ackroyd,
Acting Attorney General
25th August, 1887.
Here is the corrected HTML output:registered in the Colony cannot
It would be a
10 percent
a very popular measure
in the Colony, but I know of no precedent for such exceptional legislation and as far as I can learn no such enactments exist in any other Colony; it is probable that in other Colonies all Companies, local and non-local, are on the same footing, whilst in Hongkong and the Foreign Companies are on a different footing because their business is carried on by Agents.
Even if this extra stamp duty is charged on Policies delivered by Local Companies it is very doubtful who then will bear the charge; the probabilities are that the Company will bear it. On account of the taxation the non-Local Companies are placed in a more favourable position than the local ones.
Companies which are registered under the Hongkong Ordinance have a heavy fee to pay to the Registrar of Companies. Thus the Hongkong Fire Insurance Company paid $307 and the China Fire Insurance Company $307 besides the Municipal rates which they pay for their places of business and their contribution to the volunteer Fire Brigade. No license fee or any fee to carry on business in Hongkong is payable by any Company.
I would add this account to the premium and make the assured pay. (Signed) Edur. J. Ackroyd, Acting Attorney General
25th August, 1887.