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of any sum by way of depreciation
of a capital asset shall be
limited to an amount which
represents the allowance approved
under Part VI of that Ordinance
on what the Financial Secretary
may decide is a reasonable
price for such asset at the
time of acquisition; and
(b) in ascertaining the net profit
as aforesaid
(i)
there shall be excluded
from the taxable profits of
the licensee any bank interest,
interest and dividends on
investments, profits and losses
on sale of investments and on
redemption of investments and
profit and losses on sales of
capital assets of the licensee's
television broadcasting under-
taking but not any balancing
charge or balancing allowance
which may be allowed under
Part VI of that Ordinance in
respect of any such capital
assets; and
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