CO129-539-8 Military contributions- basis of assessment 25-4-1932 - 27-2-1934 — Page 20

до

See No 16

21. For Conf (2)

Its draft. Bill as

du.(20)

to

18/

requested

In the first place subject

any legal obsons? send duplicate

(21) with enclosure

#7 (21)

to W.D. short aft for obsons ref the last

the last parta (7 (16)

pata

Jameson есть √4.10.33

The proposed Section 3(3)(i) applies

only to the Kowloon Canton railway and under-

takings "which may hereafter be established".

I have not examined the history of this draft

Bill, but it seems clear from the next paragraph ((ii))

that other existing undertakings are to be included, in which case paragraph (1) should be

amended to include undertakings other than the

railway which are already in existence.

Is there not something wrong with the

As drafted, it seems

proposed sub-section

to allow (a) in respect of the Government wire-

less telegraphy services a deduction in 1933 of Į 9 per cent (5 per cent under paragraph (1) and 4 per cent under paragraph ()) and in later years only 4 per cent under paragraph (2), and (b) in respect of other productive undertakings,

4 per cent in each year including 1933. I

gather from (1) on this file that the deduction

agreed upon is 5 per cent in respect of each

year

Page 20Page 21