Property Tax Must Not Be Passed on to Tenant Hongkong, Mar. 17.
Two significant alterations from the original draft of the War Revenue Ordinance have been made.
Ah insertion has been put in the class authorizing a property tax of 5 per cent. on the rateable value, making it clear that it is not intended that the tax should be passed on to the tenant.
This, modification has generally commended itself, as cases have already been reported where rent increases have been made, or demanded by landlords, in anticipation of property tax.
The draft Bill also makes it clear that the imposition of taxes will be for the duration of the war only, by the substitution of "War Taxation" for "Inland Revenue" throughout the Bill.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.