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the paid-up capital for the time being of the company, the arbitrators shall require and the Government shall permit such charges to be increased to such sum as the arbitrators may consider adequate to provide for such service and dividend as aforesaid.
If however the arbitrators are of the opinion that the then existing charges exceed the amount required to provide for the time being for such service and a maximum dividend of fifteen per cent. per annum on the paid-up capital for the time being of the company, they shall require the company to reduce such charges to such sum as the arbitrators consider adequate for the provision of such service and payment of such dividend as aforesaid, and the company shall forthwith reduce such charges accordingly.
ment service
41. All lines, branch lines and extensions required by the Government to be supplied by the company to the Government for Govern-ment service shall be paid for in accordance with the rates of subscription specified in the Schedule or such revised rates as are provided for in section 40.
Lines, etc., to be paid at usual rates of sub-scription.
+ Schedule.
+
42.-(1) The company shall keep true and particular accounts of and concerning all matters connected with the concession and shall on the first day of July in every year deliver to the Accountant-General a statement in writing, showing the number of subscribers connected with each exchange and the number of persons who have requested to be supplied with lines during the preceding twelve months, and also the names and addresses of all persons who have requested to be supplied with lines during the preceding six months and with whose request the company has not complied. The company shall permit the Accountant-General to inspect and take copies of or extracts from the books of account, receipts, papers and documents in the possession or under the control of the company and relating wholly or in part to the subject-matter of this Ordinance. The company shall cause all its books to be kept in Hong Kong at its registered office.
(2) The annual statement of accounts of the undertaking shall be examined and audited by such person or persons as the Governor in Council may approve in this behalf.
As amended by Law Rev. Ord., 1939, Supp. Sched.
TELEPHONE.
No. 9 of 1925.
1653
the paid-up capital for the time being of the company, the arbitrators shall require and the Government shall permit such charges to be increased to such sum as the arbitrators may consider adequate to provide for such service and dividend as aforesaid.
If however the arbitrators are of the opinion that the then existing charges exceed the amount required to provide for the time being for such service and a maximum dividend of fifteen per cent. per annum on the paid-up capital for the time being of the company, they shall require the company to reduce such charges to such sum as the arbitrators consider adequate for the provision of such service and payment of such dividend as aforesaid, and the company shall forthwith reduce such charges accordingly.
ment service
41. All lines, branch lines and extensions required by the Lines, etc., Government to be supplied by the company to the Government for Govern- shall be paid for in accordance with the rates of subscription to be paid specified in the Schedule or such revised rates as are provided for at usual for in section 40.
rates of sub- scription.
+ Schedule.
+
42.-(1) The company shall keep true and particular Company
to keep accounts of and concerning all matters connected with the con-
and allow cession and shall on the first day of July in every year deliver inspection to the Accountant-General a statement in writing, showing the of accounts. number of subscribers connected with each exchange and the number of persons who have requested to be supplied with lines during the preceding twelve months, and also the names and addresses of all persons who have requested to be supplied with lines during the preceding six months and with whose request the company has not complied. The company shall permit the Accountant-General to inspect and take copies of or extracts from the books of account, receipts, papers and documents in the possession or under the control of the company and relating wholly or in part to the subject-matter of this Ordinance. The company shall cause all its books to be kept in Hong Kong at its registered office.
(2) The annual statement of accounts of the undertaking shall be examined and audited by such person or persons as the Governor in Council. may approve in this behalf.
As amended by Law Rev. Ord., 1939, Supp. Sched.
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