CO129-567-3 Request by Admiralty for additional land at the Naval Arsenal 18-1-1938 - 24-3-1939 — Page 25

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HONG KONG No.1 of 1901.

24

An Ordinance to settle the Defence Contribution of

the Colony.

8th February, 1901.7

1. This Ordinance may be cited as the

Defence Contribution Ordinance, 1901.

2. The Colonial revenues, for the purposes of

this Ordinance, shall include the gross receipts, from

all sources of revenue, but shall not include the

proceeds of land sales and premis on leases or

land

statutory grants.

Short title

Definition of Colonial revenues.

appropriation for defence of the Colony.

3. A sum equivalent to twenty per cent. of the Annual

Colonial revenues shall be appropriated yearly to

the Imperial Government as a contribution for the

defence of the Colony:

Provided that the charges for working expenses

and maintenance of the British Section of the

Kowloon Canton Railway and of any railways, tele-

phones or other productive undertakings of a similar

character which may hereafter be established and for

interest and sinking fund on any sums raised by loan

and utilized for the construction of such railways,

telephones or undertakings shall be deducted from

the gross receipts of such railways, telephones or

undertakings respectively, and the percentage struck

on the net receipts only if any in each case:

Provided also that from and after the 1st day of

January, 1911, in the case of any railways, telephones

or other productive undertakings the cost of the

construction of which has been or hereafter may be

defrayed out of the revenue of the Colony and not by

Net receipts of certain undertakings only to be taken.

means