(2) The permit fee payable in respect of each year ending on the 31st of March shall be a percentage of the tolls paid to the company during such year in accordance with section 21 calculated at the following
rate
(a) on the first $700,000 of such tolls-5%; (b) on the tolls in excess of $700,000–10%, and shall be paid by the company to the Government within one month of such date.
(3) For the purpose of ascertaining the correct amount of permit fee payable in respect of any year the company shall permit the Financial Secretary and any person authorized by him to have reasonable access at all reasonable times to all books of account, statements, receipts, Invoices and other relevant papers of the company,
(4) In the event of any dispute arising between the Government and the company as to the correct amount of the permit fee payable under subsection (1) in respect of any year the decision of the Governor in Council in respect of such amount shall be final.
·
Passed the Legislative Council of Hong Kong, this 23rd day of May, 1956.
Deputy Clerk of Councils.
(Secretariat 1/5611/51)
HONG KONG
No. 32 of 1956.
I assent.
Mhundar.
Richernor.
7th June, 1956.
An Ordinance to provide for the incorporation of the President
in Hong Kong of the Tsung Tsin Mission of Hong Kong,
[8th June, 1956.]
Be it enacted by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof, as follows-
1. This Ordinance may be cited as the Tsung Tsin Mission Short title. of Hong Kong Incorporation Ordinance, 1956.
2. The President for the time being in Hong Kong of the Incorpora- Tsung Tsin Mission of Hong Kong shall be a corporation sole. tion, hereinafter referred to as the corporation, and shall have the name of "The President in Hong Kong of the Tsung Tsin Mission of Hong Kong Incorporated" and in that name shall have perpetual succession and shall and may sue and be sued in all courts in the Colony and shall and may have and use a common seal.