191667-1932-Supplementary-Bills-read-a-first-time--Estate-Duty-Juvenile-Offenders-Police-Force-Amendment — Page 1

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LEGISLATIVE COUNCIL.

No. S. 39.-The following Bills were read a first time at a meeting of the Council held on the 28th January, 1932 :-

C.S.O. 3151,36.

Short title.

Applica- tion.

Interpreta- tion

57 & 58 Vict.

c. 30. s.

22 (1).

Account.

Affidavit for the Commis- sioner.

Applicable Schedule.

Com- missioner.

Estate.

Estate duty.

Executor.

Incum- brances.

Interest in expectancy.

[No. 14.-22.1.32.—3.j

A BILL

INTITULED

An Ordinance to amend and consolidate the law

relating to Estate Duty

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

1. This Ordinance shall be cited as the Estate Duty Ordinance, 1931.

2. This Ordinance shall apply in the case of every deceased person dying or who shall have died on or after the first day of January, 1916; and it shall also apply in the case of every decensed person who shall have died before that date if representation to his estate has not been applied for before the second day of May, 1921.

3. (1) In this Ordinance,

"Account" means an account of the particulars and value of the estate of a deceased person in such form as may be prescribed by the Governor in Council and verified by affidavit.

"Affidavit for the Commissioner” means. an affidavit in such form as may be prescribed by the Governor in Council verifying the particulars and value of the estate of a deceased person.

"Applicable Schedule" in the ense of persons dying before the twenty-seventh day of February, 1931, means the Second Echedule to this Ordinance; and in the case of persons dving thereafter it means the First Schedule to this Ordinance.

"Commissioner" means the Treasurer or such other person as the Governor may appoint as Commissioner for the purpose of this Ordinance, and includes any person appointed by the Governor to be Deputy Commissioner of Estate Duty.

"Estate" includes all property passing or deemed to pass on the death of any person which is liable to estate duty.

"Estate duty" means estate duty under this Ordinance.

"Executor" means the executor or nd- ministrator of a deceased person and includes, as regards any obligation under this Ordinance, any person who takes possession of or inter- meddles with the property of a deceased person or any portion thereof,

"Incumbrances" includes mortgages and terminable charges.

"Interest in expectancy" includes an estate in remainder or reversion and every future interest whether vested or contingent, but does not include a reversion expectant upon the determination of leases.

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