CO129-532-1 Basis of assessment for military contributions 9-12-1930 - 29-3-1932 — Page 57

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the precedent of the River and

Harbour Improvements in the

Straits Settlements in 1906,

when it was agreed that the

revenues raised to meet the

cost of this undertaking should

be exempted from military

contribution.

In both cases,

the effect of the expenditure

is to increase the revenue of

the Colony, and

his? Cunliffe Lister

considers that it would be

only fair that the cost of

ensuring that increased revenue

should be deducted from it.

In the instance, he does not see his To ir unable, therefore, to goo

way to ingest to the fort. of H. Kong

If

that Section 15 of the Ordinance

in question should be repealed.

H. Treatment of profits on the

sale of securities.

The Government of Hong Kong,

like