CO129-532-1 Basis of assessment for military contributions 9-12-1930 - 29-3-1932 — Page 56

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the Hong Kong Defence Contribution

mended;

Ordinance, 1901, the Hong Kong Government

are entitled to deduct from the gross

revenue from the Water Works an allowance

in respect of capital expenditure met

from revenue upon these undertakings.

This proviso was added to the Ordinance

by Ordinance No.45 of 1911, the draft

of which was concurred in by the War

lis

Les P. Comliffe

Office and the Treasury, and .

x.

Lister

Thomas is advised that the second

proviso is not limited in its

operation to the productive undertakings

to

referred to in the first proviso.e would be glad to bown beat the a deduction being reade future is for a period of so

years There remains the exemption conferred

for convicianation

A.C., aquel

by Ordinance 14 of 1927, of sums sufficient

to provide for the service of so much

of the Public Works Loan of 1927 as was

used for expenditure on Water Works.

fir P. Cunliffe Lister

Mr. Tudy considers that such

deductions are justifiable, following

the

from 1982, in respect of

in capital expenditiové

met

سد مقدمه

from extensions of

Constructions

of war's

འ

werks since 189ö is the ware of is to

of is to in respect of expenditure before 1915 q

of 6% in respect

it the mate

1

of extendime jour & atten

1915