1940-HKRS28-8-1_Part01 — Page 22

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HONG KONG.

No. 9 or 1940.

1 assent.

Governor.

5th April, 1940.

An Ordinance to amend the Telephone Ordinance, 1925, as amended by the Telephone Amendment Ordinance, 1930, and the Telephone Amendment Ordinance, 1938.

[5th April, 1940.]

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 Telephone short bla. Amendment Ordinance, 1940.

2. Section 5 of the Telephone Ordinance, 1925, is Substitution repealed and the following section is substituted therefor-

6. The Directors of the Company shall not be less than six and not more than ten in number and all the Directors shall be bond fide resident in Hong Kong.

for saction & of Ordinance No. of 1935.

Number and residents of

Directors.

S. Section 7 of the Telephone Ordinance, 1925, is Substitution repealed and the following section is substituted therefor

Ion section 7 of Ordinanca No. 9 of 1325.

Payment to

7. The Company shall pay to the Accountant General, as a Royalty for the concession, on the 1st day of March in Government. every year during the remainder of the term of the conces- sion, commencing the 1st day of March, 1940, the sum of $4 in respect of each direct exchange line telephone which has been used and paid for during the whole preceding financial year of the Company by a subscriber. In cases where direct exchange line telephones have been used and paid for by subscribers for less than twelve months prior to the last day of such financial year, the amount of Royally to be paid by the Company shall be $1 for each direct exchange line telephone for each period of three months or less during which such telephone has been used and paid for by a sub- scriber: Provided that the payment to be made on the 1st day of March, 1940, will be solely in respect of the second six months of the preceding financial year of the Company.