CO129-589-12 War Revenue Ordinance 1941 8-5-1941 - 19-6-1941 — Page 14

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HONG KONG LEGISLATIVE COUNCIL.

5. Government has however decided also that the exemption limit of $4,800 a year was too high and has recommended its reduction to $3,600 (see Clauses 8 (iii) and 14 (2) of the Bill).

6. A commentary on each clause of the Bill which differs in any way from a corresponding clause in the War Revenue Legislation of 1940 is attached in the form of a Table of Correspondence.

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