CO129-350 - Public Offices - 1908 — Page 286

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stal's trust

R. 23.

53%.

are incorporated there and are obliged to make certain

returns to the Colonial Hegistrar of Companies.

The Capita 1

is for the most part subscribed outside of vongkong, the

business lies entirely outside of "ongkong, the Company has

so far I am aware no property there, and all that the

Colonial authorities have any right to expect in the sway

of revenue

from such companies la the fee payable on

registration.

Secondly the Knollɛh Courts have held as

regards à person aying in Shane al with an English domicile

*het him personal estate is lishle to legacy duty in

En-land. This decision seems to negative the possibility

of the same personal satste heire Fongkong apocte. Under

the China and Corea Order in Council there shares we

!

chargeable with duty as Thanchai necets upon a scale fixed

under Section 119 of the China and "oren Order in council

1904 but there is not really a double charge, duty if tɛles

paid being refunded by the Revenue authorities in England

or Shanghai.

Thirdly it is the fact that for a great many

years no duty has ever been claimed in Hongkong on shares

such as those of the Ose Company except possibly in the

case of persone dying domiciled within the colony and this

is