55
the Hong Kong Defence Contribution
mended;
Ordinance, 1901, the Hong Kong Government
are entitled to deduct from the gross
revenue from the Water Works an allowance
in respect of capital expenditure met
from revenue upon these undertakings.
This proviso was added to the Ordinance
by Ordinance No.45 of 1911, the draft
of which was concurred in by the War
lis
Les P. Comliffe
Office and the Treasury, and .
x.
Lister
Thomas is advised that the second
proviso is not limited in its
operation to the productive undertakings
to
referred to in the first proviso.e would be glad to bown beat the a deduction being reade future is for a period of so
years There remains the exemption conferred
for convicianation
A.C., aquel
by Ordinance 14 of 1927, of sums sufficient
to provide for the service of so much
of the Public Works Loan of 1927 as was
used for expenditure on Water Works.
fir P. Cunliffe Lister
Mr. Tudy considers that such
deductions are justifiable, following
the
from 1982, in respect of
in capital expenditiové
met
سد مقدمه
from extensions of
Constructions
of war's
འ
werks since 189ö is the ware of is to
of is to in respect of expenditure before 1915 q
of 6% in respect
it the mate
1
of extendime jour & atten
1915