TNAG-1361-FCO40-1807-Hong-Kong-Hansard-reports-and-minutes-of-the-meetings-of-the-1985 — Page 194

G.F. 316

SECRETED ♬ ☀ Z

additional revenue yield in 1985-86 will be $13 million (57). The amount is small. This is a tidying up operation.

117.

My third

liquor

and fourth

and methyl

to introduce

intoxicating

tidying-up exercises

proposals in respect of alcohol

further minor

are

a consistency between the

rates applied to different types of liquor. They are to raise the basic duty rates for ethyl and methyl alcohol respectively to a unified basic rate of $400 a

of $400 a hectolitre effective this

afternoon (58). I assume no consumer resistance and estimate

a

(57) Assuming that these increases are passed on in full to the consumer,

$9 bottle of imported Chinese type spirits would increase by 45¢; an $8.70 bottle of local spirits would increase by 65¢.

(58) Duty shall be payable on the following types of liquor at the following

rates per hectolitre measured at a temperature of 20 degrees Celsius -

Ethyl alcohol

Ethyl alcohol, and

admixtures containing ethyl alcohol

Present duty rate

H.K. Other

Proposed duty rate

% increase in

basic rate

origin origin $/hL $/hL

$/hL

H.K. Other origin origin

292

317

400

37

26

and in addition for

every 1% by which the alcoholic strength by

volume exceeds 30%

12

13

13.30

11

2

The Commissioner of Customs and Excise may assess duty on any quantity of liquor of less than 12 litres imported at any time in one consignment at $85.00 a litre.

Methyl Alcohol

Present duty rate

$/hL

Proposed duty rate

% increase in

basic rate

$/hL

Methyl alcohol, and

admixtures containing methyl alcohol

324

400

24

and in addition for

every 1% by which the alcoholic strength by volume exceeds 30%

UNCLASSI

13

13.30

2

SECRETÆ * 2