CO129-522-5 Stamp Amendment Ordinance 1929 6-12-1929 - 12-5-1930 — Page 12

Enclosure. No. 2.

ATTORNEY GENERAL'S CHAMBERS,

Hong Kong 6th December 1929.

REPORT ON ORDINANCE No.................

26

......of 1929 .

1. I have examined the accompanying Ordinance. intituled an

Ordinance to amend further the Stamp Ordinance, 1921,

and I am of opinion that the Ordinance is one which is

not contrary to the Governor's instructions.

2. The main object of this bill is to carry out one of

the recommendations of the recent Stamp Duties Committee.

A copy of the report of that committee is annexed.

opportunity has been taken to make certain other

amendments also.

The

3. The former definition of the term "letter of

hypothecation" left some slight doubt as to whether shares

were included, because the words used in the definition

were "movable property."

Section 2 of this Ordinance

amends the definition so as to refer to "goods, shares, or

marketable securities."

4.

Exemption (b) to Heading No. 16 in the Schedule to

the principal Ordinance exempted "trust receipts given to

The intention evidently was to exempt such

a banker".

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