564
LEGISLATIVE COUNCIL.
No. S. 149. The following Bills were read a first time at a meeting of the Council held on the 3rd June, 1936-
Short title.
Amendment
A BILL
INTITULED
[No. 12-26.5.36.-2.]
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 Amendment Ordinance, 1936.
2. The definition of "Applicable Schedule" in section 3 of Ordinance of the Estate Duty Ordinance, 1932, is repealed and the
following definition is substituted therefor:
No. 3 of
1932, s. 3.
Repeal of s. 29 and Third Schedule of Ordinance
No. 3 of
1932.
"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 Section 29 of the Estate Duty Ordinance, 1932, and the Third Schedule to that Ordinance, are repealed.
New Third
4. The following is added to the Estate Duty Ordinance,
Schedule for 1932, as the Third Schedule thereto :
Ordinance
No. 3 of
1932.
THIRD SCHEDULE.
[ss. 3, 4, 10, 12, 13, 18, 19 and 22.]
Where the principal value of the estate
Estate duty shall be payable at the rate per cent of
Exceeds
500 and does not exceed
5,000
>>
5,000
10,000
10,000
25,000
25,000
ܕܙ
50,000
22
50,000 100,000
19
100,000
>>
200,000
200,000
??
300,000
300,000
400,000
400,000
500,000
123456789
500,000
31
600,000
10
600,000
700,000
11
700,000
J
800,000
12
800,000
71
1,000,000
13
22
1,000,000
"
2,000,000
14
2,000,000
3,500,000
15
3,500,000
> "
5,000,000
16
22
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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