183791-1931-Supplementary-Draft-Bills--Money-lenders-Amendment — Page 2

C.S.O. 26 in 3084/31.

853

A BILL

INTITULED

[No. 26-9.9.31.-2.]

An Ordinance to amend the Land Registration

Ordinance, 1844.

BE it enacted by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof, as follows:-

1. This Ordinance may be cited as the Land Registra- Short title. tion Amendment Ordinance, 1931.

2. Section 26 of the Land Registration Ordinance, Amendment 1844, is amended by the repeal of sub-section (2) thereof of Ordinance and by the substitution therefor of the following sub- No. 1 of sections :-

1844, s. 26.

(2) Subject to the provisions of sub-section (3), the true consideration shall be stated in all doen- ments registered in the Land Office.

(3) Where the amount or value of the consideration money is not stated in any deed, assignment, mortgage or other instrument tendered for regis- tration in the Land Office, or where no considera- tion money or merely nominal consideration money passes thereunder, the value of the property, to which such deed, assignment or other instrument relates, shall be determined by the Land Officer and the like fees shall be paid as if the value so determined were the amount or value of the con- sideration money.

3. The Second Schedule to the Land Registration Amendment Ordinance, 1844, is amended-

of Ordinance No. 1 of 1844,

(i) by the addition of the following proviso at the Second

Schedule. end of the paragraph 2:—

"Provided that where the amount or value of the consideration money exceeds $20,000 and the deed, assignment, mortgage or other instrument relates to three or more lots, or sections or portions of lots, a further fee of $3 shall be paid in respect of the third and of each subsequent lot, section or portion."

(ii) by the addition of the following words after the word "certificate" in the fourth line of paragraph 3 :-

66

for each lot, section or portion of a lot to

which such document relates ".

(iii) by the addition of the following paragraphs at

the end thereof :--

15. For legal charges for and incidental to the preparation and issuing of

રી Crown Lease and

....$ 30

counterpart

ຄ

16. For the Survey when Crown Lease is issued for the whole or any portion of a lot formerly held under demise by Crown Lease.$ 20