4
Member,
Member.
Member.
Member.
Approved by the Legislative Council this 23rd day of March, 1960.
COUNCIL CHAMBER,
23rd March, 1960.
бой
Deputy Clerk of Councils.
Explanatory Note.
(This Note is not part of the rules but is butended
to indicate their general purport.
These rules revoke and replace role 2 of the Inland Reveque Rules which prescribe rates of depreciation for the purposes of sections 37, 37A, 38 and 39 of the Inland Revenue Ordinance, Cap. 112. The items appearing in the First Part of the Table annexed to the rule are deemed to be included in the phrase "machinery and plant" and so subject to "annual allowance" while the items appearing in the Second Part of that Table are deemed not to be included in that phrase but in the phrase "any implement, utensil and article" and so subject to "replacement allowance".
(Secretariat GR60/3231/47)
IMPORTATION AND EXPORTATION ORDINANCE.
(Chapter 50).
EXPORTATION (IMPERIAL PREFERENCE CERTIFICATES) (AMENDMENT) REGULATIONS, 1960.
In exercise of the powers conferred by section 4 of the Importation and Exportation Ordinance, the Governor in Council has made the following regulations-
1. These regulations may be cited as the Exportation (Imperial Citation. Preference Certificates) (Amendment) Regulations, 1960.
tion 2.
2. Regulation 2 of the Exportation (Imperial Preference Certifi- Amendment cates) Regulations, 1956 (hereinafter referred to as the principal regula- of regula- tions) is amended by the deletion from the definition "Imperial (G.N.A. Preference Certificate" of the word "Imperial" and the substitution there- 100/56). for of the following-
"Commonwealth".
3. Paragraph (2) of regulation 3 of the principal regulations is Amendment amended by-
of regula- tion 3.
(a) the deletion therefrom of the colon and the substitution there-
for of a full stop; and
(b) the deletion therefrom of the proviso thereto.
4. The principal regulations are amended by the addition thereto. Addition of after regulation 3 thereof, of the following new regulations-
"Revocation
Appoint- ment of
Approved Kocoonlant.
3A. The Director may revoke the appointment of person to be an approved accountant-
any
new regula- tions JA and 3B,
(a) where he is satisfied that such person has not, for a period of three years or more than three years, engaged in the work of an approved accountant for the purposes of these regulations or in work for the purposes of any claim for Commonwealth Preference rates of duty:
Provided that the period during which the appointment of any person as an approved accountant has been suspended under the provi. sions of paragraph (1) of regulation 3B shall not be taken into account in determining for the purposes of this paragraph whether or not the appointment of such person to be an approved accountant shall be revoked;