ATTORNEY GENERAL'S CHAMBERS,
Hong Kong, ........24 th August,...........1934 .
REPORT ON ORDINANCE No.
26
..of 1934
1. I have examined the accompanying Ordinance. inti tu led an
Ordinance to amend the Betting Duty Ordinance, 1931, and am 37 of opinion that it is one which is not contrary to the
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Governor's instructions.
2. The duty on pari-mutuel tickets was fixed by the
Betting Duty Ordinance, 1931, at 3 per cent of the face value
of each such ticket sold. By the Betting Duty Amendment
Ordinance, 1933, the duty was reduced to 2 per cent as from
1st September, 1933.
13717/14/ Or
33
For the year ending March 31st, 1934, the Hong Kong
Jockey Club's accounts showed a loss of over $30,000.
gross receipts from the sale of pari-mutuel tickets were
$4,341,930 and the duty paid thereon was $116,848.
E
It is though possible that in the year ending 31st
March next, the gross receipts from this source may fall
below $4,000,000.
Their
3. In the se circumstances, at the request of the Jockey
Club, it has been considered fair to introduce a sliding
scale to govern the payment of this duty, but to introduce
such a scale into the body of the principal Ordinance would
be cumbersome, especially as it is not necessarily intended
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