603477-1940-Supplementary-Bill-read-a-first-and-second-time---War-Revenue — Page 29

290

TABLE OF VARIATION

BETWEEN

This Bill and the Bill drafted by the War Revenue Committee.

This Bill Clause.

Com- mittee's

Bill Clause.

2

2

Remarks.

has been

The definition of "body of persons

omitted as unnecessarily confusing.

>>

<<

Deputy

In definitions of Commissioner

Commissioner and "Assistant Commis- sioner,' War Taxation has been sub- stituted for Inland Revenue to avoid confusion with any permanent department.

> J

In the definition of corporation the words any enactment or charter in force in the Colony or elsewhere" have been substituted for under the Companies Ordinance, 1932 ' as the latter definition was in- sufficiently comprehensive.

66

the

In the definition of year of assessment

words and each" have been substituted for or any for greater clearness.

3 (1)

3 (1)

In paragraphs (a), (b) and (c) the words

Taxation have been substituted for "Inland Revenue ".

War

4 (4)

4 (4)

War Taxation has been substituted for

44 Inland Revenue ".

5

The words

66

<<

9

including a copy of any return, accounts or other document submitted to him," have been added for greater clear-

ness.

15

to the Assessor has been added in para-

graph (a).

and borne by

has been added in the first line to make it clear that this is intended as a tax on owner.

rateable value has been substituted for net annual value' and for annual value ".

6

3

determined by the Assessor has been sub- stituted for the rent which a tenant may reasonably be expected, taking one year with another, to pay for such land and/or building ".

A second proviso has been added dealing with property in the New Territories, other than New Kowloon, because under section 49 of the Rating Ordinance such properties are classified for rating purposes on the capital value of the buildings; and to reduce this to a figure comparable to the rateable values in the remainder of the Colony it is considered necessary to divide that value by fourteen.