1975-HKRS28-16-23_Part04 — Page 5

Amendraegrot Section 16.

4.

a kompuzamnd, chargeable to tax under this Part,”

Section 28(1) of the principal Ordinance is amended---

(a) in proviso (d), by deleting the full stop at the cod thereof and

substituting a semicolon; and Ch

(b) by inserting after proviso (d) the following new proviso-

(50 of 19753

1975.

I

"(e) any interest paid or payable on a Government bond

issued under the Loana (Covernment Bonds) Ordina 1975.".

Passed by the Hong Kong Legislative Council this 1st day of October

imace

Elerk to the Legislative Council.

H

This printed impressian has been carefully compared by me with the bill, and is found by me to be a true and correctly. printed copy of the said bi,

HONG KONG

No. 63 of 1975

1 assent.

M Midd

Governor.

24th October, 1975.

An Ordinance to amend the Fire and Marine Insurance Companies Deposit

Ordinance.

(31st October, 1975]

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 Fire and Marine Insurance Short We Companies Deposit (Amendment) Ordinance 1975.

2.

Section II of the principal Ordinance is amended by deleting sub- Amsadmau of sections (1) and (2) and substituting the following-

[1574 c. 49.)

"X1) Subject to subsection (2B), an insurance company which, after production to the Registrar of Companies of such evidence as he may require, obfain from him a declara- tion that he is satisfied either.

(a) that the company has complied with the Insurance

Companies Act 1974; or

(b) that the company→

(i) is authorized to carry on in Great Britain fire or marine insurance business ander the Insurance Companies Act 1974; and

(i) has deposited with the Secretary of State audited returns of its business for the last financial

section 11. (Cap. 343