slet cember, 1982,

*MERICAN TOBACOD COMPANY, LIMITED.

,mainaiah 4.1ð keð staðn ka qenëttom qu

-"Betfibery of State fax the dolenies.

524

på baa takaogue andė ana satunquod mosHT ILÅ

10 ES .oh apaanibra godt small sit po [à) avisosastun ↑ tektons shaaqmið að 3013*ist *st wit bosca of vnd-miðmö na yalet „Sfor

JA VISTATï,992tpb ġiets te ustí nà

#2:00 à 10 MODE 9AP de ost luctus na

jodoh mit at guman edo ta laekgas pemiteq sif 75 100N į; sind addayaq asst istoj sift Canol grow JA SULMIYEZ

mi obem al Janeyaų zyrahím zakázkym jakiakiza demis .345,Rag „košt of admrome „badinit ‚æret desgaf aa (2 lent) anqueß nouador menas BOA KİNGİLT

gloqueo alle Vo letágas 23 hq# VISI AL MOJANGq :vodā boca e To eslay and sulq stansa fuutos nut no besa

i to šautara #Lo.it ad acteza RT

VRİNGSMOD „JHA LEIKA

11

b) gangman oogada" awolisch mostLM TO 162kquo mid nå

·

Akufưa nis bus halpakt (ant(2) (anqueð vanado? 140I%@mk I to favors lappt a to juo va.vzu,ouh .xot! sad quê usqkno

Ineta siis n39t at Issuanset Iskne[0] end yd 49vtDOGT

M ta lasót a to tuo bà.08£,sik xalt war wolnyqtre esadi

,rozwesert Iminolsó más go bavlæseT

stoteza:it has retalje zmot groll nút od bartatepeNZ FRONT

wak payabia. pr the current year the tax payable is, myproxim-

It would, therefore, Beem that in a full year ately, mp,000. these qompanies pay substantially more than 80% of the total Tax payable by the China companies. My Directore submit that ‡*

is inequitable that a Company should be faxed twice in respect of the same assets and that even if there was not this duplication of taxation the total amount payable by the various Obmpanies is greatly in excess of any monise vhich would be received by the dolony by way of stamp duties on transfers, Estate Duty of Probate Duty if the company were a Hong Kong Company and I would further point out that owing to the whole of the Company'ė operations being in China they obtain no benefit from being registered in Hong Kong.

My Directors appreciate that it is aspernary that the Companies Registration Department at Hong Kong should regeįve sufficient monies in fees etc. to provide for its expenses but as the additional cost of the Beɛistry at Shanghai is only $3,000 a very much maller fee than that of a gents on every gloo #nould shply suffice to meet all expenses.

My Directors deɛire me to request you to make representations to the Hong Kong Council with a view to getting a reduction in these taxes, their view being that no tax should be levied on the sapital or a Company in exésis of Vex, ₫3,000,000.

I am, Bir,

Your obedient Servánt,

Amankerss

Boaretory,

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