C.T
FINANCIAL
Hong Kong
Col Sex 870. 25-4-40
y
been incorporated
しい an
nding
Electricity Co's. difficulty.
Arrangements with Telephone Co. have
Ordinance. The Gas & Ele
howeved present move
Enquires
royalties
bitie
-
ame
as to Colonial Legislation regelg
on
public utility Co's.
Seep 12-13 of the Repose of the Taxation
coby anmaxed. It wil be
one that this bitte.
posited and that the bas Electricity borp. in I. Kong enjoy monopolies of fact but not of law; that they
no royalties to bort. that their charges present unregulated.
pany
are at
The recommandy of the bite. was that the honopolies shed. He quai a legal foundation;
othat' in return the boys, died. be required to d
pay royalties
o subint to the regulation of
charges. As a basic principle the bite.
theni
recommended that royalty showed be calculated with relation to the propies in excess of some
agreed minimum retum on
gone through
capital
(The aughs with the Telephone too. Hav
54049/40 below).
have
an adce. has been prosed- vide
The immediate ponit is whether there
is any other bot legly, regarding the infosition of royalties an existing public utility companies.
ban you help pse?
mals recutul 2875740.
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