10. That for sub-section à of clause (47) of the Bill the following clause be substituted,
namely:-
**47. (1.) The Company shall not be required to pay any Royalty for ten years after the Tramway has been opened for public traffic as provided by section 25 of this Ordinance, but in consideration of the rights, power and authorities hereby granted to or conferred upon the Company, the Company thereafter shall pay to the Government the following Royalties, that is to say: -
(a.) From and after the expiration of the said ten years, for the period of twenty-five years, a Royalty amounting to five per cent. per annum of the profits of the Company.
(3.) After the said period of twenty-five years has expired and for so long as the Company shall exercise their said rights, power and authorities a Royalty amounting to twenty-five per cent. per annum of the profits of the Company,
For the purposes of this section profits shall be the gross takings of the Company less working expenses, and such working expenses shall not be deemed to include any interest or dividends upon any moneys borrowed for the purposes of the Company.
11. That in clause 48 there be substituted for the words "the fares following" the words "fares not exceeding the following rates".
12. That clause 49 be amended in the following respects, namely: -
(i) By substituting for the words "at least two cars" the following words, namely, "such number of cars as may from time to time be fixed by resolution of the Legislative Council"; and
By substituting for the words "three cents per journey" the words "two cents for the single journey and three cents for the return journey".
13. That in clause 50 the words "Separate cars or separate accommodation" be substituted for the words "A separate car".
14. That in clause 56 a comma be inserted after the words "was or were laid".
15. That in Schedule 2 to the Bill after the words "For every calf, pig, sheep," the word "dog" be inserted.
The Committee desire to add that their reason for making the amendment in clause 47 is that the Bill depriving the Government of all Royalty during the first ten years is that the Committee's Amendments in clause 49 -
(a) Reduce the maximum fares for workmen below the rate suggested by the Tramway Company: and
(b) Leave the number of workmen's trams liable to indefinite increase by the Legislative Council.
It should be understood, therefore, that the Committee would not desire their amendments in clause 47 to be adopted unless their amendments in clause 49 are also adopted.
N. E. POLLOCK,
Acting Attorney General,
Chairman of the Standing Law Committee.
Laid before the Legislative Council on the 24th day of August, 1901.
C. CLEMENTI,
Acting Clerk of Councils.
PRESENT
SURFACE
A
NOLOSUR
Houghing
SECTION SUBMITTED BY TRAMWAY
Scale 1in = 1Tos£.
COX
having
bying tested
Life 1901.
then to ear
22 May 1981.
10. That for sub-section à of clause (47) of the Bill the following elunse be substiture,
namely:-
**47. (1.) The Company shall not be required to pay any Royalty for ten years after the Tramway has been opened for public trathe as provided by section 25 of this Ordinance, but in consideration of the rights, powe and authorities hereby granted to or conferred upon the Company, f Company thereafter shall pay to the Government the following Royaltie that is to say :---
(a.) From and after the expiration of the said ten years, for the period of twenty-five years. a Royalty amounting to cent, per annun of the profits of the Company.
Live per
(3.) After the anid period of twenty-five years has expired and for so long as the Company shall exercise their said rights, power and authorities a Royalty smounting to twenty-five per cent. per annum of the profits of the Company,
For the purposes of this section profits shall be the gross takings of the Company less working expenses, and sock working expenses shall not be deemed to include any interes
or dividends upon any moneys borrowed for the purposes of the Company.
11. That in cinuse 48 there be substitated for the words "the fares following" the words
"fares cot exceeding the following rates".
12. That clause 49 bo amended in the fallowing respects, namely:---
(i) By substituting for the words "at least two cars" the following words, namely, such number of care as ray from time to time he fixed w resolution of the Legislative Council"; und
By substituting for the words three cents per journey" the words "twe
cents for the single journey and three cents for the return journey ".
18. That in clause 50 the words Separate cars or separate accommodation" be substituted
for the words "A. separate cur".
14. That in clause 56 a comma be inserted after the words "was or were lai!".
15. That in Schedule & to the Bill after the words "For every calf, pig, sheep," the word
"dog" be inserted.
The Committee desire to add that their reason for making the amendment in clause 47 at
the Bill depriving the Government of all Royalty during the first ten years is that the Committed's Amendments in clause 49--
(«) Reduce the maximum fores for workmen below the rato suggested by the Tratoway
Company: and
(6) Leave the number of workmen's trams liable to indefinite increase by the Legislative
Council
It should be understood, therefore, that the Committee would not desire their amendments in clause 47 to be adopted unless their stendments in clause 49 are also adopted.
N. E. POLLOCK,
Acting Attorney Generul,
Chairman of the Standing Law Committe.
Laid before the Legislative Council on the 24th day of August, 1901.
C. CLEMENTI,
Acting Clerk of Councils.
PRESENT
SURFACE
A
NOLOSUR
Houghing
SECTION SUBMIT TED BY TRAMWAY
Scale limeir * 1Tos₤.
رجي
COX
having
}
bying teated
Life 1901.
then to ear
22 May 1981.
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