231822-1936-Supplementary-Bills-read-a-first-time--Coinage-Offences-No-2-Amendment-Currency-Amendment-Stamp-Duties-Management-Amendment — Page 5

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[No. 32:—12.9.36.—1.]

A BILL

Short title.

Repeal of

s. 3 (3) and

3 (4) of Ordinance

No. 35 of

1911 and

substitution

of new

INTITULED

An Ordinance to amend the Stamp Duties Management

Ordinance, 1911.

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 Stamp Duties Management Amendment Ordinance, 1936.

2. Section 3 of the Stamp Duties Management Ordinance, 1911, is amended by the repeal of sub-sections (3) and (4) thereof, and by the insertion of the following sub-section after sub-section (2) thereof :-

(3) Every such licence shall be subject to such conditions, section 3 (3). to be specified thereon, as the Collector may see fit to impose.

Amendment

No. 35 of 1911,

3. Sub-section (1) of section 4 of the Stamp Duties of Ordinance Management Ordinance, 1911, is amended by the insertion of the words "or in contravention of any condition of his licence," after the words "not specified in his licence," in the fourth line thereof.

s. 4 (1).

Objects and Reasons.

1. Clause 2 of this Bill repeals two sub-sections of section 3 of the principal Ordinance, No. 35 of 1911, which provide for the giving of security by bond or otherwise in the sum of one thousand dollars by licensed dealers in unused stamps, and substitutes a sub-section making the licences subject to such conditions as the Collector of Stamp Revenue may see fit to impose.

2. Clause 3 of the Bill makes the contravention of any condition of the licence a summary offence.

3. It is intended to license certain shop-keepers, in Saiwanho, Mongkok, Hunghom and other places where it is inconvenient to establish post-offices, for the sale on their premises of postage stamps at their face value and without commission. As it is intended that the licensees will carry only small stocks, which are to be issued to them, with adequate safeguards, on written requisition against cash payment, it is considered that the security required by section 3 (3) of the principal Ordinance, as it stands at present, is unnecessary.

C. G. ALABASTER,

September, 1936.

Attorney General.