Inland Revenue
[1989 Ed.
3/905.55.
"Commissioner" means the Commissioner of Inland Revenue appointed under
this Ordinance; (Replaced 26 of 1969 s. 3)
"corporation" means any company which is either incorporated or registered under any enactment or charter in force in Hong Kong or elsewhere but does not include a co-operative society or a trade union; (Amended 2 of 1971 s. 2) "debenture" means a debenture as defined in section 2(1) of the Companies
Ordinance (Cap. 32);
"deposit" means a deposit as defined in section 2(1) of the Banking Ordinance
(Cap. 155); (Added 29 of 1982 s. 2. Amended 27 of 1986 s. 137) "deputy commissioner" means the deputy commissioner of Inland Revenue
appointed under this Ordinance;
"executor" means any executor, administrator, or other person administering the estate of a deceased person, and includes a trustee acting under a trust created by the last will of the author of the trust; "financial institution", means--
(a) an authorized institution licensed or registered under the Banking
Ordinance (Cap. 155);
(b) any associated corporation of such an authorized institution which, being exempt by virtue of section 3(2)(a) or (b) or (c) of the Banking Ordinance (Cap. 155), would have been liable to be licensed or registered as a deposit-taking company under that Ordinance had it
not been so exempt; (Replaced 27 of 1986 s. 137) "Governor" means the Governor of Hong Kong and includes the officer for the
time being administering the Government; (Added 36 of 1955 s. 3)
"Hong Kong currency" means money which is legal tender in Hong Kong;
(Added 29 of 1982 s. 2)
"incapacitated person" means any minor, lunatic, idiot, or person of unsound
mind;
"inspector" means an inspector appointed under this Ordinance; (Added 36 of
1955 s. 3)
A
"mortgage" means a security by way of mortgage or equitable mortgage for the payment of any definite and certain sum of money advanced or lent at the time, or previously due and owing, or forborne to be paid, being payable, or for the repayment of money thereafter to be lent, advanced or paid, or which may become due upon an account current, together with any sum already advanced or due, or without, as the case may be, and includes-
(a) conditional surrender by way of mortgage, or further charge, of or
affecting any property whatsoever; and
(b) any conveyance of any property whatsoever in trust to be sold or otherwise converted into money, intended only as a security, and redeemable before the sale or other disposal thereof, either by express stipulation or otherwise; and
Inland Revenue
[1989 Ed.
3/905.55.
"Commissioner" means the Commissioner of Inland Revenue appointed under
this Ordinance; (Replaced 26 of 1969 s. 3)
"corporation" means any company which is either incorporated or registered under any enactment or charter in force in Hong Kong or elsewhere but does not include a co-operative society or a trade union; (Amended 2 of 1971 s. 2) "debenture" means a debenture as defined in section 2(1) of the Companies
Ordinance (Cap. 32);
"deposit" means a deposit as defined in section 2(1) of the Banking Ordinance
(Cap. 155); (Added 29 of 1982 s. 2. Amended 27 of 1986 s. 137) "deputy commissioner" means the deputy commissioner of Inland Revenue
appointed under this Ordinance;
"executor" means any executor, administrator, or other person administering the estate of a deceased person, and includes a trustee acting under a trust created by the last will of the author of the trust; "financial institution", means--
(a) an authorized institution licensed or registered under the Banking
Ordinance (Cap. 155);
(b) any associated corporation of such an authorized institution which, being exempt by virtue of section 3(2)(a) or (b) or (c) of the Banking Ordinance (Cap. 155), would have been liable to be licensed or registered as a deposit-taking company under that had it
Ordinance not been so exempt; (Replaced 27 of 1986 s. 137) "Governor" means the Governor of Hong Kong and includes the officer for the
time being administering the Government; (Added 36 of 1955 s. 3)
"Hong Kong currency" means money which is legal tender in Hong Kong;
(Added 29 of 1982 s. 2)
"incapacitated person" means any minor, lunatic, idiot, or person of unsound
mind;
"inspector" means an inspector appointed under this Ordinance; (Added 36 of
1955 s. 3)
A
"mortgage” means a security by way of mortgage or equitable mortgage for the payment of any definite and certain sum of money advanced or lent at the time, or previously due and owing, or forborne to be paid, being payable, or for the repayment of money thereafter to be lent, advanced or paid, or which may become due upon an account current, together with any sum already advanced or due, or without, as the case may be, and includes-
(a) conditional surrender by way of mortgage, or further charge, of or
affecting any property whatsoever; and
(b) any conveyance of any property whatsoever in trust to be sold or otherwise converted into money, intended only as a security, and redeemable before the sale or other disposal thereof, either by express stipulation or otherwise; and
No comments yet.
Private notes are available after approval.