Television
[CAP. 52
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(9) (a) Where a notification under subsection (8) is given, the difference to which the notification relates shall be determined by arbitration under the Arbitration Ordinance (Cap. 341), and for the purposes of giving effect to the foregoing, the person by whom, or on whose behalf, the notification is given and the Director of Accounting Services shall be regarded as having concluded an arbitration agreement (within the meaning of that Ordinance) whose provisions shall be deemed to include a provision that the aforesaid difference shall, in the absence of agreement, be determined by a single arbitrator.
(b) In the absence of agreement, the Arbitration Ordinance (Cap. 341) shall, with any necessary modifications, apply to the determination of a difference to which a notification under subsection (8) relates.
(10) Each of the following periods shall, for the purposes of this section, be regarded as being an accounting year of a licensee--
(a) in case the accounting year of a licensee begins on a day other than the specified day, the period beginning on the specified day and ending on the expiration of the licensee's accounting year in which the specified day occurs;
(b) in case a licence commences to have effect on a day other than the first day of an accounting year of the relevant licensee, the period beginning on such commencement and ending on the expiration of the licensee's accounting year in which the commencement occurs; and
(c) in case a licence is surrendered or revoked and the surrender or revocation has effect on a day other than the first day of an accounting year of the licensee, the period beginning on the commencement of the licensee's accounting year in which the surrender or revocation, as may be appropriate, has effect and ending immediately before that surrender or revocation, as may be appropriate, has effect.
(11) In subsection (10)(a) “the specified day" means the day specified for the purposes of that subsection by the Governor by notice in the Gazette.
(Replaced 72 of 1988 s. 20)
41A. (Repealed 72 of 1988 s. 20)
42. Powers of Financial Secretary in relation to royalty
(1) For the purpose of determining amounts payable on account of a royalty payable under this Ordinance and ensuring its payment, any person authorized by the Financial Secretary in that behalf may at all reasonable times-
Television
[CAP. 52
45
(9) (a) Where a notification under subsection (8) is given, the difference to which the notification relates shall be determined by arbitration under the Arbitration Ordinance (Cap. 341), and for the purposes of giving effect to the foregoing, the person by whom, or on whose behalf, the notification is given and the Director of Accounting Services shall be regarded as having concluded an arbitration agreement (within the meaning of that Ordinance) whose provisions shall be deemed to include a provision that the aforesaid difference shall, in the absence of agreement, be determined by a single arbitrator.
(b) In the absence of agreement, the Arbitration Ordinance (Cap. 341) shall, with any necessary modifications, apply to the determination of a difference to which a notification under sub- section (8) relates.
(10) Each of the following periods shall, for the purposes of this section, be regarded as being an accounting year of a licensee--
(a) in case the accounting year of a licensee begins on a day other than the specified day, the period beginning on the specified day and ending on the expiration of the licensee's accounting year in which the specified day occurs;
(b) in case a licence commences to have effect on a day other than the first day of an accounting year of the relevant licensee, the period beginning on such commencement and ending on the expiration of the licensee's accounting year in which the commencement occurs; and
(c) in case a licence is surrendered or revoked and the surrender or revocation has effect on a day other than the first day of an accounting year of the licensee, the period beginning on the commencement of the licensee's accounting year in which the surrender or revocation, as may be appropriate, has effect and ending immediately before that surrender or revocation, as may be appropriate, has effect.
(11) In subsection (10)(a) “the specified day" means the day specified for the purposes of that subsection by the Governor by notice in the Gazette.
(Replaced 72 of 1988 s. 20)
41A. (Repealed 72 of 1988 s. 20)
42. Powers of Financial Secretary in relation to royalty
(1) For the purpose of determining amounts payable on account of a royalty payable under this Ordinance and ensuring its payment, any person au- thorized by the Financial Secretary in that behalf may at all reasonable times-
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