Date
Received the sum of $
• Ledel tomore of bar.
aand May, 1958.
Signed
By Command,
Cranion Burgess
Colonial Secretary.
Explanatory Note.
(This Note in mot part of the rules, but is intended to indicate their general purport).
1. These rules provide for the issue of a second series of Tax Reserve Certificates. These certificates are of fixed decominations of $50.00, $100.00 Bod $1,000.00.
2. The rules provide for the acceptance of the certifiestes together with interest thereon in payment of specified taxes. The rate of simple interest is 3 per cent per annum commencing from the Arst day of the month following the date of issue to the first day of the month in which the certificates are accepted for payment of tax. Interest will not be allowed on certificates unless they are tendered in payment of tax, and interest will not be paid for more than thirty-six months. Interest earned will be free of tax by virtue of paragroh (c) of the proviso to section 28 of the Inland Revenue Ordinance, Cap. 112.
3. It should be noted that the Tax Reserve Certificates Rules, 1956 are not rescinded by these rules, however these rules limit the application of the former rules to certificates issued under those rules.
(Secretariat GR3/2306/54)
DUTIABLE COMMODITIES ORDINANCE,
(Chapter 109).
Dutiable ComMODITIES (Amendment) (No. 2) REGULATIONS, 1958.
In exercise of the powers conferred by section 6 of the Dutiable Commodities Ordinance, the Governor in Council has made the following regulations-
1. These regulations may be cited as the Dutiable Com- Citation. modities (Amendment) (No. 2) Regulations, 1958.
tion
1. Regulation & of the Dutiable Commodities Regulations Amendment (hereinafter referred to as the principal regulations) is amended of regula. by the deletion of the proviso thereto and the substitution therefor (Vol. IX.
p. 277). of the following-
"Provided that the Director may in his discretion, after the duty becomes payable, allow a reasonable time for the payment of such duty not exceeding-
(a) in the case of persons who have given cash security for such payment, sixteen weeks for beer, six weeks for hydrocarbon oils and seven days for any other commodity except methyl alcohol; and
(b) in any case of methyl alcohol, six weeks after duty
becomes payable.".
a. The First Schedule to
the principal regulations is Amendment Amended by the insertion after Form 19 of the following new of the Form
First Schedule.
No.
H
"FORм 19A.
Special Importer's Licence for Methyl Alcohol.
Valid from date hereof until
the holder of licence
to import methyl alcohol and the keeper
No.
of licensed warebouse No.
CONTENT
(hereinafter called