XN000022-1975-03-27 — Page 3

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THURSDAY, MARCH 27, 1975

THE GOVERNOR HAS ALSO MADE ORDERS UNDER THE PUBLIC REVENUE PROTECTION ORDINANCE TO GIVE EFFECT FROM APRIL 1 TO A NUMBER OF OTHER BUDGET PROPOSALS WHICH WILL BE TABLED IN THE LEGISLATIVE COUNCIL EITHER IN THE FORM OF BILLS OR RESOLUTIONS.

ONE RELATES TO A PROPOSED INCREASE IN BETTING DUTY WHICH IS TO GO UP FROM 7-1/2 PER CENT TO 11 PER CENT IN RESPECT OF ALL FORMS OF BETTING EXCEPT WIN, PLACE, DOUBLE, QUINELLA AND FORECAST DETS, WHICH WILL ATTRACT THE SAME 7-1/2 PER CENT DUTY AS AT PRESENT. THE RATE OF BETTING DUTY IN NESPECT OF CASH SWEEPS ALSO REMAINS UNCHANGED AT 25 PER CENT.

ANOTHER ORDER IN THE GAZETTE IMPLEMENTS THE FINAN 'FAL SECRETARY'S PROPOSAL TO IMPOSE ENTERTAINMENTS TAX ON CNEMATOGRAPH · EXHIBITIONS, EXCEPT ON ENTERTAINMENT PROVIDED BY OR ON DEHALF OF THE GOVERNMENT OR THE URBAN COUNCIL, OR A CHARITABLE INSTITUTION OR PUBLIC TRUST.

THE RATE OF DUTY ON ADMISSION TICKETS TO CINEMATOGRAPH EXHIBITIONS WILL BE 10 CENTS FOR TICKETS UNDER $2- 20 CENTS FOR TICKETS BETWEEN $2 AND BELOW $4- AND 40 CENTS FOR $4 TICKETS.

IN THE CASE OF RACE MEETINGS, DUTY ON ADMISSION TICKETS WILL BE 40 CENTS FOR TICKETS BELOW 32- 50 CENTS FOR TICKETS OVER $2 BUT BELOW $3 70 CENTS FOR TICKETS OVER $3 BUT DELOW $4- AND $1 FOR TICKETS OVER $4 BUT BELOW $5.

THE PROPOSED TWO PER CENT INCREASE FROM NINE PER CENT TO 11 PER CENT IN THE GENERAL RATE FOR HONG KONG ISLAND, KOWLOON PENINSULA, AND NEW KOWLOON ALSO COMES INTO EFFECT FROM APRIL 1, AS DOES THE NEW 17 PER CENT RATE FOR TSUEN WAN

ANOTHER ORDER IMPLEMENTS THE BUDGET PROPOSALS TO TRIPLE BUSINESS REGISTRATION FEES TO $150 AND DRING CERTAIN CLUBS WITHIN THE AMBIT OF THE BUSINESS REGISTRATION ORDINANCE. IN THIS

CONNECTION, A CLUD IS DEFINED AS ANY CORPORATION OR ASSOCIATION OF PERSONS FORMED FOR THE PURPOSE OF AFFORDING ITS MEMBERS FACILITIES FOR SOCIAL INTERCOURSE OR RECREATION, AND WHICH PROVIDES SERVICES FOR ITS MEMBERS (WHETHER OR NOT FOR THE PURPOSES OF GAIN), AND HAS CLUB PREMISES OF WHICH ITS MEMBERS HAVE A RIGHT OF EXCLUSIVE USE.

THE GOVERNOR HAS ALSO MADE AN ORDER GIVING EFFECT TO THE PROPOSED INCREASE IN STAMP DUTY AND AD VALOREM DUTY ON CERTAIN DOCUMENTS, SUCH AS TRAVELLER'S CHEQUES, CASHIER ORDERS, CONVEYANCES ON SALE, AND VESTING ORDERS AMONG OTHERS.

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