549
Draft Bills.
No. S. 142.—The following Bills are published for general information:-
[No. 12-26.5.36.-2.]
A BILL
INTITULED
An Ordinance to amend the Estate Duty Ordinance, 1932.
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 Estate Duty Short title. Amendment Ordinance, 1936.
of Ordinance
2. The definition of "Applicable Schedule" in section 3 Amendment of the Estate Duty Ordinance, 1932, is repealed and the No. 3 of following definition is substituted therefor :-
1932, s. 3.
"Applicable Schedule" in the case of persons dying before the twenty-seventh day of February, 1931, means the Second Schedule, and in the case of persons dying thereafter but before the first day of July, 1936, means the First Schedule, and in the case of persons dying on or after the 1st day of July, 1936, means the Third Schedule to this Ordinance.
3. Section 29 of the Estate Duty Ordinance, 1932, and Repeal of the Third Schedule to that Ordinance, are repealed.
s. 29 and Third Schedule of Ordinance No. 3 of 1932.
4. The following is added to the Estate Duty Ordinance, New Third 1932, as the Third Schedule thereto :-
THIRD SCHEDULE.
Schedule for Ordinance No. 3 of
[ss. 3, 4, 10, 12, 13, 18, 19 and 22.]
1932.
Where the principal value of the estate
Estate duty shall he payable at the rate per cent of
Exceeds
500 and does not exceed
5,000
5,000
11
10,000
10,000
25,000
"
25,000
50,000
J
50,000
""
100,000
1
100,000
200,000
J
200,000
300,000
300,000
400,000
14KONO
2
53
400,000
"
500,000
9
"
500,000
600,000
10
600,000
700,000
11
""
700,000
"
800,000
12
31
800,000
1,000,000
13
1,000,000
1
2,000,000
14
11
2,000,000
""
3,500,000
15
3,500,000
""
5,000,000
16
5,000,000
10,000,000
17
10,000,000
15,000,000
18
15,000,000
??
20,000,000
19
20,000,000
20
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