8
Китс
Those Binding 43.53 Remaining
Pration
* Revol Bund
3.-
Raising rain,
1
had to out of love. Schlitz
which
now to be sold by
rader of the Supreme
Cond
(Signe) J. H. THOMAS
Note
m
the Bellius estate quicken
See Notice enclosed in (1) on
13852/33.
Copy
See ( sj
on
usewith
(13552/33
The estate of one Raphael Emanuel Belilios,
who died in Hong Kong in 1905, was vested in Trustees
named in his will; viz: Mrs. Vera Carlotta Belilios
(or Bellairs), and Messrs. Richard Owen Roberts and
Edward Elvey Robb. A life interest in the estate was
taken by the son of the deceased, E. R. Belilios, who
died in Hong Kong in October 1922. In accordance
with the provisions of Section 2 of the Estate Duty
Ordinance (No. 3 of 1932), the beneficial interest
in the estate ceased on the death of E. R. Belilios
and passed under the provisions of the Ordinance,
thus entailing obligations as to the delivery of an
account to the Estate Duty Commissioner, Hong Kong,
and payment of estate duty in Hong Kong.
No such account was received nor payment
of estate duty made; and in accordance with Section
10, Subsection 12 of the Ordinance, a Notice was
duly served, through Messrs. Burchells, on
Mrs. Bellairs and Mr. Robb, Mr. Roberts having died
in 1929, calling upon them to disclose the estate
and to remit the duty payable thereon. Mrs. Bellairs
and Mr. Robb refused to sign the affidavits, but
admitted that they were the persons named. Apparently
no account was rendered nor payment made within the
time specified in Section 10, Subsection 12 of the
Ordinance, and writs of subpoena claiming payment
of
G
10
G
(5) on this
file
parat f (G) heeon.
1
of the estate duty due were, again through Messrs.
Burchells, served on the surviving Trustees, in
pursuance of the procedure laid down in Section 10,
Subsection 14 of the Ordinance.
This service has apparently led to no result
and an Order has been obtained from the Supreme Court
of Hong Kong for the sale of certain properties for
the recovery of the estate duty due.
The properties in question are valued by the
Public Works Department at a total value of $43,250;
but under present market conditions it is not expected
that they will realise anything like these figures.
It is accordingly proposed that the Government should
bid for these properties, up to their value as estimated,
since the properties are good in themselves, and
furthermore would be useful in connection with the
rebuilding of the Peak School. The transaction is
tantamount to:-
from
(a) writing-off the estate duty claimable
for the Belilios estate,
free
(b) acquiring at a moderate figure land
which is quite valuable in itself and which may also
be useful in connection with Government building.
Xantais горороPage 11