1950-HKRS29-8-17_Part03 — Page 35

FIRST COLUMN,

(7) Section 40.

(18) Section 44.

(19) Section 46.

(20) Sections 46

and 47.

(21) Section 50.

SECOND COLUMN.

First COLUMN.

(22) Section 59.

(17) Section 40 is amended by the insertion in the eighth

line after the word "shall" of the following-

"have"*.

(18) Section 44 (as enacted by Ordinance No. 10 of 1950) is amended by the repeal of subsection (1) and the substitution therefor of the following-

"(1) Tax shall be charged on the total income reduced by the allowances under sec- tion 43 at the rates specified in the Second Schedule: Provided that where a person is liable to tax under this Chapter for a part only of any year of assessment, the provisions of the Second Schedule shall be modified in the manner specified therein."

(19) Section 46 is amended by the addition after subsec-

tion (5) of the following-

"(6) The expression "income" in section 45 and this section shall mean income or profits."

(an) Sections 46 and 47 are amended by the deletion of the words "Empire" and "British Empire" wherever they occur and the substitution therefor of the following-

"Commonwealth”,

(21) Section so is amended by the deletion in the third line of subsection (3) of the words "His Majesty's dominions" and the substitution therefor of the following-

"the Commonwealth".

(23) Section 65.

(24) Section 72.

(25) Section 78.

(26) Section 81.

SECOND COLUMN.

(22) Section 59 is amended by the repeal of the proviso to subsection (2) and the substitution therefor of the following-

"Provided that a notice of assessment under section 63 shall be served personally or by being sent by registered post (or in the case of on assessment to property tax under Chapter It either by registered post or by ordinary post) to any such place as aforesaid.”

(23) Section 65 is amended by the addition at the end

of subsection (5) of the following-

"The Commissioner shall for the purposes of this section have the powers granted under paragraph (1) of section 3 of the Commis- sioners Powers Ordinance, 1886, subject to the provisions of section 81 hereof.”

(24) Section 72 is amended by the deletion in the fourth line of subsection (4) of the words "by the original assessment".

(25) Subsection (3) of section 78 is amended by the

insertion of a comma following the word "paid" in the third line, the insertion of a comma alter the word "tax" in the fourth line, and the delerion of the comma following the word "station" in the penultimate line.

(26) Section 81 is amended by the insertion in the second line of paragraph (a) of subsection (2) alter the word "any income" of the following-

"or profits".