CO129-539-8 Military contributions- basis of assessment 25-4-1932 - 27-2-1934 — Page 43

No

Enclosure 1 in

1.

43

[No. 19-23.6.33.-2.]

C.S.O. 2860/26C.

A BILL'

INTITULED

An Ordinance to amend the Defence Contribution Ordinance,

1901.

Be it enacted by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof, as follows:-

+

1. This Ordinance may be cited as the Defence Contribu- Short title. tion 'Amendment Ordinance, 1933.

2. Sections 2 and 3 of the Defence Contribution Ordi- Substite- nance, 1901, are repealed and the following sections are substituted :-

tion for

Ordinance No. 1 of 1901, ss. 2 and 3.

Yearly

2. A sum equivalent to twenty per centum of the Colonial Revenues shall be appropriated yearly to the Imperial Govern- Contribution ment as a contribution to the defence of the Colony.

for defence of Colony.

of "Colonial

3.-(1) The Colonial Revenues for the purposes of this Definition Ordinance shall include, subject to the provisions of sub Revenues." sections (2), (3) and (4), the gross receipts by the Colony from all sources of revenue.

Exclusion

of certain

(2) The following sources of revenue shall be excluded: (i) the proceeds of land sales and premia on leases or revenues. statutory land grants.

(ii) revenue received from condemned stores

(iii) contributions received from the Chinese Government

for the maintenance of Gap Rock Lighthouse,

(iv) contributions received for anti-piracy escorts,

(v) over payments recovered in respect of previous years,

(vi) sums transferred to revenue under Colonial Regula- tion 291 in respect of the appreciation of investments repre- senting merely book profits,

(vii) profits arising from the appreciation of investments when realised.

(viii) moneys receivable from officers and specially exempted by any Ordinance for Widows and Orphans Pensions from contribution under this Ordinance.

(ix) moneys, dividends, interest or the produce of invest- ments specially exempted by any Loan Ordinance from con- tribution under this Ordinances

(x) moneys received as punitive rates specially exempted under the provisions of any Ordinance for the time being in force relating thereto from contribution under this Ordinance.

2