1950-HKRS30-8-40_Part02 — Page 47

DUTIABLE COMMODITIES ORDINANCE, 1931. (Ordinance No. 36 of 1931).

Legislative Council ResOLUTION UNDER SECTION 4.

WHEREAS by Resolution made and passed by this Honourable Council on the 3rd December, 1947, pursuant to section 3 of the Dutiable Commodities Ordinance, 1931, it is provided that the provisions of the said Ordinance except Parts [1, III and IV thereof shall apply to proprietary medicines and toilet preparations;

AND WHEREAS by paragraph 3 of Resolution made and passed by this Honourable Council on the date aforesaid pursuant to section of the Ordinance aforesaid as amended by Resolurinn made and passed as aforesaid on the 20th July, 1949. provision was made for the calculation of the Hong Kong dollar equivalent of certain foreign currencies; AND WHEREAS by section 4 of the said Ordinance it is provided that this Council may from time to time by resolution impose any duty on any dutiable goods or any class of dutiable goods, and lower, increase, decrease or vary any such duty to any extent whatever;

AND WHEREAS the Hong Kong dollar equivalents aforesaid have

in fact varied from time to time since the said dates; NOW THEREFORE IT IS HEREBY RESOLVED under section 4 of the Ordinance aforesaid that in respect of importation of proprietary medicines and toilet preparations after the date hereof the rate for the purpose of calculating the Hong Kong dollar equivalent of foreign currencies in connection with the duty payable on toilet preparations and proprietary medicines shall in all cases be the official rate of exchange prevailing at the date of paying duty on any such importation the said rate for the purpose of calculating the Hong Kong dollar equivalent of foreign currencies being substituted for the provision made as aforesaid in paragraph 3 of the Resolution of this Council of the 3rd December, 1947. amended as aforesaid,

COUNCIL CHAMBER,

20th September, 1950.

Мина

Clerk of Councils.