TNAG-1730-FCO40-2443-Minutes-and-Hansards-of-the-Legislative-Council-of-Hong-Kong-1988 — Page 77

SPEECH BY THE HONOURABLE THE FINANCIAL SECRETARY IN LEGISLATIVE COUNCIL WEDNESDAY 1 MAY 1988

He said:

Sir,

11

Stamp Duty (Amendment) Bill 1988

I

1988 be read a second time.

move that the Stamp Duty (Amendment) Bill

second time.

Cap

Z

The Bill

Bill seeks to give legislative effect to

the proposals in this year's Budget to introduce with effect from 1st April 1988 a revised scale of stamp duty payable in respect of conveyances on sale. Ι estimate

the cost of implementing these proposals to million in the current financial year.

be L

$300

adjourned.

Sir, I move that the debate on this motion be

Question on adjournment proposed, put and agreed to.

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