1971-HKRS28-8-38_Part04 — Page 23

HONG KONG

No. 54 of 1971,

I assent.

Kunch.

Governor.

7th October, 1971.

An Ordinance to amend the Tramway Ordinance.

[8th October, 1971.)

Enacted by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof.

1. This Ordinance may be cited as the Tramway (Amend- ment) Ordinance 1971.

2. Section 49 of the principal Ordinance is amended by adding after subsection (2) the following new subsections-d

"(3) The Legislative Council may, by resolution, amend the rate of royalty specified in subsection (1) payable by the Company for any calendar year and any resolution under this subsection may have retrospective effect to the 1st day of January of the year in which the resolution is passed.

(4) Notwithstanding subsections (1) and (3) no royalty shall be payable by the Company for the year commencing on the 1st day of January 1971.”.

Short title.

Amendment of section 49. (CAN INT)