TNAG-0351-FCO40-387-Future-of-broadcasting-in-Hong-Kong-1972 — Page 67

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* (1)

VÄTKIJA

(ii)

no deduction shall be made

in respect of any sum which may

be payable as royalty by the

licensee to the Government or

in respect of any interest on

money borrowed by the licensee

except such part of any such

interest as, in any year, is

in excess of the total dividends

and interest received by the

licensee from any investments

of the licensee.

(Cap. 112.)

(2) The Financial Secretary and any

person authorized by him in writing shall,

for the purpose of ascertaining the net

profit of a licensee, be an authorized

representative of the licensee for the

purposes of section 4 of the Inland

Revenue Ordinance to the intent that

the Commissioner of Inland Revenue and

any assessor and any person appointed to

carry out duties under that Ordinance

shall, on demand of the Financial Secretary

or such authorized person, disclose all

such matters relating to the affairs of

the licensee as the Financial Secretary

or such authorized person may require and

such disclosure shall not be deemed to be

a breach of the duties imposed upon the

person making it by the said section.