603585-1940-Supplementary-Bill-read-a-first-time---Telephone-Amendment — Page 5

342

TABLE OF CORRESPONDENCE

BETWEEN

The Telephone Amendment Bill and the Legislation it is to amend.

Bill, Clause.

Ordinance

No. 9 of 1925,

section.

Remarks.

1

1

"Amendment" added.

*1940" for "1925".

N

3

7

4

35 (1) as amended by s. 7 of Ordinance No. 9 of 1930

para. (ii)

para. (vii)

35 (2)

35 (3) as enacted

by s. 2 of

Ordinance

"six" for "four".

"ten" for "eight".

**Accountant-General" for "Treasurer".

"March for "July" twice.

"1940" for “1926”.

"preceding financial year of the Com- pany" for "previous twelve months".

"last day of such financial year" for "1st

day of July in each year''.

The proviso is new.

"net annual profits" for "net profits".

"in respect of the financial year com- mencing with the year 1939" added.

"excluding the interest and dividends referred to in sub-section (3) of this section but" added.

'Accountant-General" for "Treasurer".

"including

added.

Capital Reserve Fund"

This sub-section has been redrafted and expanded, it replaces a sub-section which stated "The amount to be written off or provided annually for depreciation shall not exceed ten per cent. of the cost of the Company's plant and equipment other than land and buildings. The depreciation on land and buildings shall be such a sum or sums as shall be fixed by an architect approved by the Director and the Company".

"Capital Reserve" for "Reserve".

“1939" for “1934”.

No. 27 of 1933 "$92.577" for "$170,482”.

"plus the total amount

this Reserve"

for "The Company shall (save that it cannot capitalise the same without the previous consent of the Legis- lative Council) have the power to deal with the Reserve in such manner as it shall think fit".

unaltered.

35 (4)

35 (5)

unaltered.

R

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