CO129-548-11 Betting Duty Amendment Ordinance 1934 24-8-1934 - 30-8-1934 — Page 5

ATTORNEY GENERAL'S CHAMBERS,

Hong Kong, ........24 th August,...........1934 .

REPORT ON ORDINANCE No.

26

..of 1934

1. I have examined the accompanying Ordinance. inti tu led an

Ordinance to amend the Betting Duty Ordinance, 1931, and am 37 of opinion that it is one which is not contrary to the

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ม

Governor's instructions.

2. The duty on pari-mutuel tickets was fixed by the

Betting Duty Ordinance, 1931, at 3 per cent of the face value

of each such ticket sold. By the Betting Duty Amendment

Ordinance, 1933, the duty was reduced to 2 per cent as from

1st September, 1933.

13717/14/ Or

33

For the year ending March 31st, 1934, the Hong Kong

Jockey Club's accounts showed a loss of over $30,000.

gross receipts from the sale of pari-mutuel tickets were

$4,341,930 and the duty paid thereon was $116,848.

E

It is though possible that in the year ending 31st

March next, the gross receipts from this source may fall

below $4,000,000.

Their

3. In the se circumstances, at the request of the Jockey

Club, it has been considered fair to introduce a sliding

scale to govern the payment of this duty, but to introduce

such a scale into the body of the principal Ordinance would

be cumbersome, especially as it is not necessarily intended

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