603585-1940-Supplementary-Bill-read-a-first-time---Telephone-Amendment — Page 1

338

LEGISLATIVE COUNCIL.

No. S. 145.-The following Bill was read a first time at a meeting of the Council held on the 28th March, 1940:-

Short title.

Substitution

A BILL

INTITULED

[No. 2:13.3.40.—3.]

An Ordinance to amend the Telephone Ordinance, 1925, as amended by the Telephone Amendment Ordinance, 1930, and the Telephone Amendment Ordinance, 1933.

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 Telephone Amendment Ordinance, 1940.

2. Section 5 of the Telephone Ordinance, 1925, is of Ordinance repealed and the following section is substituted therefor

for section 5

No. 9 of

1925.

Number and

residence of Directors.

Substitution

5. The Directors of the Company shall not be less than six and not more than ten in number and all the Directors shall be bona fide resident in Hong Kong.

3. Section 7 of the Telephone Ordinance, 1925, is of Ordinance repealed and the following section is substituted therefor

for section 7

No. 9 of

1925.

Payment to Government.

Substitution

for section 35

7. The Company shall pay to the Accountant General, as a Royalty for the concession, on the 1st day of March in every year during the remainder of the term of the conces- sion, commencing the 1st day of March, 1940, the sum of $4 in respect of each direct exchange line telephone which has been used and paid for during the whole preceding financial year of the Company by a subscriber. In cases where direct exchange line telephones have been used and paid for by subscribers for less than twelve months prior to the last day of such financial year, the amount of Royalty to be paid by the Company shall be $1 for each direct exchange line telephone for each period of three months or less during which such telephone has been used and paid for by a sub- scriber: Provided that the payment to be made on the 1st day of March, 1940, will be solely in respect of the second six months of the preceding financial year of the Company.

4. Section 35 of the Telephone Ordinance, 1925, as of Ordinance amended by section 7 of the Telephone Amendment Ordin- ance, 1930, and by section 2 of the Telephone Amendment Ordinance, 1933, is repealed and the following section is substituted therefor-

No. 9 of

1925 as

amended by

section 7 of Ordinance No. 9 of 1930, and section 2 of

Ordinance No 27 of

1933.

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