1962-HKRS29-8-29_Part03 — Page 37

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Amendment

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(2) The Financial Secretary and any person authorized by him in writing shall, for the purpose of ascertaining the net profit of the company, be an authorized representative of the company for the purposes of section 4 of the Inland Revenue Ordinance to the intent that the Commissioner of Inland Revenue and any assessor and any person appointed to carry out duties under that Ordinance shall on demand of the Financial Secretary or such authorized person dis close all such matters relating to the affairs of the company As the Financial Secretary of such authorized person may require and such disclosure shall not be deemed to be a breach of the duties imposed upon the person making it by the said section.”.

21. Section 46 of the principal Ordinance is amended by the dele of section 46. tion of the word “Chinese”.

Adjustment

of previous royally payments.

22. (1) On or before the 1st day of July, 1963, or such later date as the Governor, upon such conditions as he may consider necessary. may allow, the company shall pay to the Government such sum as represents the difference between the royalty payable in respect of the period from the 1st day of January, 1958, to the 31st day of December, 1961, both days inclusive, calculated in accordance with the provisions of section 43 of the principal Ordinance as it was before the coming into operation of section 20 and the royalty which would have been payable by the company to the Government în respect of that period if that section had come into operation on the 1st day of January, 1958.

(2) For the purposes of ascertaining the amount payable by the company to the Government in accordance with the provisions of sub- section (1) the Financial Secretary and any person authorized by him may exercise the powers and authority conferred on them by subsection (2) of section 43 of the principal Ordinance as if section 20 had come into operation on the 1st day of January, 1958.

This printed impression has been carefully compared by me with the Bill which passed the Legislative Council on the 19th day of December, 1962, and is found by me to be a true and correctly printed copy of the said Bill.

Sharan

Clerk of Councilă.

(Secretariat GR28/3231/56)