CO129-530-8 Estate Duty Ordinance- 1931- Bill 27-2-1931 - 15-12-1931 — Page 52

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of

2.

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in the Consolidation Bill by redrafting section 13 so as to require the executor to do what the deceased himself should

have done.

4.

At the same time the matter is now considered

to be of less importance since most local companies are now

paying dividends, and section 6 of the Stamp Amendment

Ordinance No.6 of 1929 requires registration as a general

rule before the dividend can be paid. Accordingly although

I should prefer to retain the section as amended I am

prepared, should you so desire, to omit it when introducing

the Consolidation Bill.

5.

*

In section 15 the words 'leasehold property'

have been substituted for the words 'any property consisting

of land' because the tenure of local landed property in

personal ownership is leasehold, but the word 'land' will

be substituted for 'leasehold property' if that is preferred.

6.

It is my intention to introduce a Bill to

consolidate this Ordinance and the Estate Duty Ordinance,

1915, as soon as His Majesty's pleasure is known in the

matter. This Bill has been drafted and copies of it are

enclosed for your consideration.

I have the honour to be,

Sir,

Your most obedient, humble servant,

Line

Govemor, &c.