56
the precedent of the River and
Harbour Improvements in the
Straits Settlements in 1906,
when it was agreed that the
revenues raised to meet the
cost of this undertaking should
be exempted from military
contribution.
In both cases,
the effect of the expenditure
is to increase the revenue of
the Colony, and
his? Cunliffe Lister
considers that it would be
only fair that the cost of
ensuring that increased revenue
should be deducted from it.
In the instance, he does not see his To ir unable, therefore, to goo
way to ingest to the fort. of H. Kong
If
that Section 15 of the Ordinance
in question should be repealed.
H. Treatment of profits on the
sale of securities.
The Government of Hong Kong,
like