ENG-1960 — Page 88

PUBLIC FINANCES

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Business Registration. Registration of businesses on payment of a fee was first introduced in 1952 by the Business Regulation Ordinance, but it is now carried on under the Business Registra- tion Ordinance, 1959. Every business carried on in the Colony, with a few minor exceptions, is required to register and pay a registration fee of $25 annually. It is estimated that the fees collected during the current financial year will be $1,600,000.

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