CO129-522-12 Companies Amendment Ordinance 1929 21-12-1929 - 17-9-1930 — Page 21

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deceased shareholder held on a register outside Hong-Kong

are for purposes of Hong-Kong death duties deemed to be

part of the estate situate in Hong-Kong, if, but only if,

he has died domiciled in Hong-Kong.

The

It seems possible that there may be some

misapprehension as to the effect of this provision.

Hong-Kong Government no doubt realise that the establish-

ment of London registers involves some gain of estate

duty to Great Britain but may think that the gain would

not extend to shares held on those registers by persons

who died domiciled in Hong-Kong.

This is not the case,

as, despite the provision of the Hong-Kong law mentioned

in the preceding paragraph, such shares, like any other shares held on the London registers, would constitute

British assets liable to British Estate Duty.

It is not

clear

G