CO129-542-13 Tobacco taxation- suggested scale of duties 23-12-1932 - 25-10-1933 — Page 20

No. 39 of 1931

TOBACCO

Hong Kong.

Resolution made and passed by the Legislature Council

on the 16th day of March, 1933, under the provisions of section 7 of the Tobacco Ordinance, 1931, Ordinance No. 39 of 1931.

Published in the Government Gazette of the 17th March, 1933, Government Notification No. 166.

Resolved that the duties on Tobacco set forth in the Resolution passed by this Council on the 22nd October, 1931, and published in the Government Gazette of the 23rd October, 1931, by Government Notification No. 666 be varied and subject to the provisions of sub-section (2) of section 6 of the Tobacco Ordinance, 1931, (Ordinance No. 39 of 1931), the duties payable :

1. upon all tobacco imported into the Colony after the coming into operation of this resolution, and 2. upon all dutiable tobacco already in the Colony

at the coming into operation of this resolution shall be as stated in the following table per pound weight: Provided that the dollars and decimals thereof stated in the table shall be conventional dollars reckoned as the equivalent of one shilling and eight pence sterling; and that consequently to arrive at the actual amount payable in Hong Kong currency the conventional dollar stated in the Table shall be multiplied by 20 and divided by a figure settled by the Colonial Treasurer from time to time representing the average opening selling rates for the previous month of the Hong Kong & Shanghai Banking Corporation for demand drafts on London and until so settled the figure shall be 15.40.

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