CO129-615-3 Income tax 24-2-1948 - 12-8-1948 — Page 54

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All

Sect. Pile T.C.75/4.70. (2/2301/17)

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4.P. Bamory (14) ・Structure (.5)

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SAVINGRAM

To the Secretary of State for the Colonies.

From the Governor, Hong Kong.

54307/48

Date

14th May 1948

No. 342.

CONFIDENTIAL.

(2)

X

53

Your confidential telegram No.232 Saving. Concession

rate of Property tax.

The provision whereby under Section 6 of the Inland

Revenue Ordinance No.20 of 197 Property Tax is chargeable at half

the standard rate so long as rents are restricted has now been

carefully reconsidered.

2.

The circumstances whereby certain principal tenants are

exacting excessive rents have been met in part by improvements in

the arrangements for enforcing the provisions of the Landlord and

Tenant Ordinance, but the difficulties, as you have noted, are very

considerable.

3.

It is believed that many landlords are in fact collecting

the restricted rents only, and after discussion in Executive Council

I am satisfied that the continuance of the tax concession is still

The question will nevertheless be borne in mind,

justifiable.

21 MAY 1948

כ:

Em

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