231075-1936-Supplementary-Bills-read-a-first-time--Estate-Duty-Amendment-Pensions-No-2-Amendment — Page 2

565

Objects and Reasons.

1. The object of this Bill is to make an increase in the rates of Estate Duty payable in the case of persons dying on or after the 1st July, 1936. The estates of persons dying before that date are to be dealt with under the existing First and Second Schedules to the principal Ordinance.

2. To carry out this object, clause 2 of the Bill sub- stitutes a new definition for "applicable Schedule" and clause 4 adds a new Third Schedule.

3. Clause 3 of the Bill will repeal the present Third Schedule, which provided a Table for use in the calculation of reversionary interests which is not required, as well as section 29 of the principal Ordinance which related to it.

C. G. ALABASTER,

Attorney General.

May, 1936.

A BILL

INTITULED

[No. 9-14.5.36.-2.]

An Ordinance to amend further the law relating to Pensions.

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 Pensions (No. 2) Short title. Amendment Ordinance, 1936.

2. Section 5 of the Pensions Ordinance, 1932, is amended Repeal of by the repeal of sub-section (2) thereof.

CC

3. Section 9 of the Pensions Ordinance, 1932, is amend- ed by the deletion of the words with the approval of the Secretary of State,".

Ordinance No. 21 of 1932, s. 5 (2).

Amendment

of Ordinance No. 21 of 1932, s. 9.

Objects and Reasons.

1. Clause 2 of this Bill when enacted will repeal sub- section (2) of section 5 of the principal Ordinance, No. 21 of 1932, which provided that no officer would be granted a pension, gratuity or other allowance without a certificate from an appropriate superior officer to the effect that he has dis- charged the duties of his office with such diligence and fit lity