XN000022-1981-02-27 — Page 4

FRIDAY, FEBRUARY 27, 1981

3

THE MONETARY LEVELS OF ADVANTAGES THAT MAY BE ACCEPTED FROM CLOSE PERSONAL FRIENDS AND OTHER PEOPLE HAVE BEEN INCREASED AS FOLLOWS:

FROM CLOSE PERSONAL FRIENDS

(A) GIFTS ON SPECIAL

OCCASIONS (E.G. CHRISTMAS, BIRTHDAYS, ETC.)

(B) GIFTS ON OTHER OCCASIONS

(E.G. TAXI-RIDES AND SMALL GIFTS)

(C)

LOANS

FROM OTHER PEOPLE

PREVIOUSLY

$500

NOW

$1 000

NOT ALLOWED

$500 OR 10% OF MONTHLY SALARY

$200

$1 000

(TO BE REPAID WITHIN 14 DAYS)

(A) GIFTS ON SPECIAL OCCASIONS

$100

$500

(B) LOANS

$500 OR 10% OF MONTHLY SALARY

$500

(TO BE REPAID WITHIN 14 DAYS)

THE NOTICE GIVES NO PERMISSION IN RESPECT OF SECTION 4 OF THE PREVENTION OF BRIBERY ORDINANCE, AND CROWN SERVANTS MAY BE GUILTY OF AN OFFENCE IF THEY SOLICIT OR ACCEPT ANY ADVANTAGE, EVEN ONE PERMITTED UNDER THE NOTICE, THAT IS OFFERED ON ACCOUNT OF THEIR OFFICIAL DUTIES OR POSITION.

STAMP DUTY BILL 1981 PUBLISHED

*****

THE STAMP DUTY BILL 1981 WHICH CONSOLIDATES AND AMENDS THE LAW RELATING TO STAMP DUTY 13 PUBLISHED IN THE GOVERNMENT GAZETTE TODAY.

THE BILL IS DESIGNED TO SUBSTITUTE A SINGLE ORDINANCE FOR THE EXISTING TWO, NAMELY THE STAMP ORDINANCE AND THE STAMP DUTIES MANAGEMENT ORDINANCE. IT ALSO INCORPORATES THE SUBSIDIARY LEGISLATION MADE UNDER THOSE ORDINANCES.

A GOVERNMENT SPOKESMAN EXPLAINED THAT FOLLOWING MAJOR REFORMS AND ABOLITIONS IN THE 1978 BUDGET, THE ONLY DOCUMENTS CHARGEABLE WITH STAMP DUTY HAD BEEN THOSE RELATING TO IMMOVABLE PROPERTY OR TO STOCKS AND SHARES.

+THE BILL'S