53
G. Water Works.
hir P. Cauliffe Lister
The Thomas does not wish to
dispute the principle that where the
gross revenue of a productive undertaking
was included in the revenue of the
Colony at the time the percentage
it is theoretically improp was fixed, SUGH PITg og m tax auch rovnu should now be treated on a net receipts basis.
without an alteration of the percentage. At the same time he feels
My Thread
He considers
owever, that a clear
should
distinctione drawn between the
on the island of H. Kong gudin Kowloon Water Works existing in 1896, when tuo
fater +
peroor
and
any batay and
o for light bort
Extensions of they water works,
quite separate the enrol die Water Works which
constructed subsequently in
have been estivel cut
the New Territories.
These
New Territory Water
bound to point out that in the present pofitical & economic positife of the
world, it would be diffi-
•cult to justify the levying from any Colony of a military contribution of more than one fifth of its total income. Indeed Mr. I'homas would
pepresent the this proportion
under moden conditims is
Works should in his opinion be regarded as
a separate productive undertaking, and
in accordance with the first proviso
of Section 3 of the Hong Kong Defence
Contribution Urdinance, 1901, be assessed
The New
on a net receipts basis.
The Water Sorts
L'already very high.