که گیر
4
but it would be advisable
" in the first instance to submit the _ " question to a committee of the Legislative Council. Such a Committee would no doubt at the same time consider the
question of requiring Ensurance Companies
to deposit securities as is done in Canada
and some other Colonies and a
copy of
"the Canadian Set on the cubject is on-
"closed for your information.
Its to the best mode of taxing on.
Companies I am of opinion
that an ad vaiorim stamp
is fairer than
w
on Policies
-uniform Licence duty
which latter would be irrespective of the achial amount of business done!
Ardinance 13 of 1894 came into
operation
on the 1st January 1995 and from the answers of the Companies to certain questions hereinafter referred it would appear that the slightly creased duties provided by that Ordinance have not to any appreciable extent
in
decreased
A
for triman keel
90
decreased the business of those Companies.
A number of questions were - framed by the Committe and forward. ed to the Ensurance Companies affected by the alteration, and these questions and the auivers received thereto are.
as well as the
annexed to this Report
Canadian set forwarded by the heretary
of State.
From these answers it appears
Carge majority of the companies
that
opposed
Lo
any
an-andurah
prevens
of the suggested but that 8 Companies, all of which are local, are in favour of a registration zw.
reveux law in the direction.
After careful consideration, the Committee are of opinion that it is not at prevent desirable to oustituute registration and
and a Licence fee for
champ dusic ad valorem. The Com- mitter are also of opinion that the requirement of a deposit of securities
world