1978-HKRS28-16-26_Part03 — Page 62

M

ww

termining the time at which money placed in such an count is to begin and to cease to bear interest and the ode of computing such interest; and

termining the rate of interest to be credited to moneya aced in such an account.".

the Hong Kong Legislative Council this 9th day of August;

HDG KIND

No. 73 or 1978

. י

Clerk to the Legislative Councilat

门

rinted impression has been carefully compared by me

ill, and is found by me to be a true and correctly *y of the said bill,A

Pla

Clerk to the Legislative Council.

I assent.

Days Robert

Acting Ofvernor,

17th August, 1978.

An Ordinance to amend the Inland Revenue Ordinance.

[18th August. 1978)

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 Inland Revenue (Amend Stan th ment) (No. 3) Ordinance 1978.

(2) The amendments to the principal Ordinance made by this Ordinance shall apply in relation to all assessments in respect of the year of assessment commencing on the 1st April 1978 and all subsequent year of assessment.

2. Section 2 of the principal Ordinance is amended-

and appllemben.

Amgodment of

section 2.

(a) in subsection (1) by inserting after the definition of "executor" (Cap. 112)

the following definition-

(Cap. 1:5)

(C. JAK)

"financial institution”. tans-

(a)

bant licensed under the Banking Ordinance.

(6) a registered deposit-taking company registered under

the Deposit-taking Companies Ordinance;

(c) any associated corporation of such a bank or deposit-taking company which, being exempt by virtue of section 3(2Xa) or (b) of the Deposit-taking Com- panies Ordinance, would have been liable to register under that Ordinance had it not been so exempt;"; and