Income Tax.

A.D. 1898.

Removal of

doubts as to application of Sect. 15 et seq. of

59 Vict. No. 20.

Penalty men

tioned in Sect. 19

of 59 Vict. No. 20
in addition to
Tax.

Provisions of said Act as to recovery of Tax applied to Tax payable upon Dividends.

Company making default to be assessed by Commissioner.

Section Eleven of 19 Vict. No. 8 not to apply.

Acts to be read together.

full force and effect until the Thirty-first day of December, One thousand eight hundred and ninety-nine.

4 The provisions of Sections Fifteen, Seventeen, and Nineteen of "The Income Tax Act, 1895," shall apply to every Company Carrying on mining operations in Tasmania, and whether or not in connection with any other business, notwithstanding that the Head Office of such Company is not situate in Tasmania; and all such provisions shall be deemed to have applied to every such Company from the date of the passing of such Act.

5 The penalty mentioned in Section Nineteen of "The Income Tax Act, 1895," shall be in addition to and not in substitution for any Tax payable under the said Act, and such Tax may be recovered from any Company notwithstanding such penalty has been recovered from such Company and the Public Officer thereof.

6 All the provisions of the said Act relating to the collection and recovery of any Tax, and all other provisions of the said Act so far as the same can be applicable, shall apply and be deemed to have always applied to the collection and recovery of any Tax payable by any Company upon so much of the income of such Company as is represented or contained in dividends declared or ascertained or becoming due to the shareholders of such Company.

7 If any Company make default in furnishing any Declaration required by Section Fifteen of "The Income Tax, 1895," or if the Commissioner is not satisfied with any such Declaration furnished by any Company, he may make an assessment of the amount of dividend declared by such Company on which, in his judgment, Income Tax ought to be charged, and thereupon shall give notice thereof to the Company to be charged, and the amount so assessed shall be the amount on which Income Tax shall be payable: Provided that such assessment shall be subject to appeal, but where the Company has made default as aforesaid it shall not be entitled to any cost on appeal.

8 Notwithstanding anything contained in Section Seventy-six of the said Act, Section Eleven of The Magistrates Summary Procedure Act shall not extend or apply to any complaint or information or proceeding made or laid under the said Act, or any Regulation made thereunder.

9 This Act and the said Act, and every Amendment thereof, save as amended by this Act, shall be read and construed together as one and the same Act.

WILLIAM GRAHAME,

GOVERNMENT PRINTER, TASMANIA.

AN ACT to further amend "The Land Tax A.D. 1898. Act, 1888."

[29 October, 1898.]

BE it enacted by His Excellency the Governor of Tasmania, by and

with the advice and consent of the Legislative Council and House of Assembly, in Parliament assembled, as follows:

1 This Act may be cited for all purposes as "The Land Tax Amend- Short title. ment Act, 1898.'

2 In this Act the expression "the said Act" shall mean "The Interpretation. Land Tax Act, 1888."

52 Vict. No. 31.

3 This Act shall come into operation and take effect on and after Date of operation. the Thirtieth day of September, One thousand eight hundred and ninety-eight.

4 Section Two of "The Land Tax Amendment Act, 1892," is Repeal of Sect. 2 hereby repealed, and in lieu thereof the following shall be and be of 56 Vict. No. 7. deemed to be and may be cited as Section Seven of the said Act :

"7 Subject to the provisions of this Section, Crown land which is Purchaser of the subject of a contract to purchase the same shall be liable to taxation Crown Lands on under the provisions of this Act; and every purchaser of Crown land credit liable to on credit shall be deemed the owner of such land for the purposes of this Act, and shall be liable to the payment of the Tax imposed by this Act.

Provided, that the Crown land situate beyond the limits of any Town which is the subject of a contract to purchase the same on credit shall,

Tax.

A.D. 1898.

Disputes may be settled by Judge

in Chambers.

Acts to be read together.

Land Tax Amendment.

until one-half of the purchase money of such land has been paid or is due, be exempt from taxation under the provisions of this Act."

5 If any person disputes his liability to pay any tax under the provisions of the said Act, such dispute may be summarily settled by Judge of the Supreme Court sitting in Chambers, and the decision of such Judge shall be final.

6 This Act and the said Act, and every Act altering or amending the same, save as amended by this Act, shall be read and construed together as one and the same Act.

WILLIAM GRAHAME,

GOVERNMENT PRINTER, TASMANIA.

AN ACT to authorise the Inscription of A.D. 1898. Local Stock for the purpose of borrowing

a Sum not exceeding One hundred thousand [29 October, 1898.]

Pounds.

WHEREAS it is desirable that the Treasurer should be authorised PREAMBLE.

to borrow money by the Inscription of Local Stock not exceeding the sum of One hundred thousand Pounds at any one time in the manner hereinafter mentioned:

Be it therefore enacted by His Excellency the Governor of Tasmania, by and with the advice and consent of the Legislative Council and House of Assembly, in Parliament assembled, as follows:

1 It shall be lawful for the Treasurer to borrow and receive under Treasurer authothe authority of this Act, and in the manner provided by "The Local rised to borrow. Inscribed Stock Act, 1895," a total sum not exceeding One hundred 59 Vict. No. 6. thousand Pounds.

and time of repayment.

2 Any sum of money borrowed under the authority of this Act, Money chargeand all interest at any time due thereon, shall be chargeable upon and able on Revenue, paid out of the Consolidated Revenue Fund of the Colony; and any sum so borrowed shall be repayable at the expiration of any period not less than One year nor more than Ten years computed from the date of the passing of this Act.

A.D. 1898.

Money to be entered at par. Rate of interest. Treasurer may dispense with signature of lender.

Power of
Attorney made
solely for dealing
with Stock need
not be stamped
or registered.

Loans to be subject to

59 Vict. No. 6.

Inscription of Local Stock.

3 Every sum borrowed under the authority of this Act shall be entered in "The Local Inscribed Stock Book" at par, and shall bear interest at a rate not exceeding Three Pounds per centum per annum.

4 The Treasurer may, by writing under his hand, from time to time dispense with the name of any person from whom any money is borrowed under this Act being signed in "The Local Inscribed Stock Book," and thereupon the Certificate authorised to be issued under the said Act shall be issued to such person.

5 Any power of Attorney made solely for the purposes of "The Local Inscribed Stock Act, 1895," or this Act, shall not be subject to any Stamp Duty now or hereafter imposed by any Act, and it shall not be necessary to register such Power of Attorney in the Office of the Registrar of Deeds, anything to the contrary contained in the Act 24 Victoria, No. 3.

6 Save so far as is herein provided to the contrary, all moneys borrowed under the provisions of this Act shall be subject to the provisions of "The Local Inscribed Stock Act, 1895," as fully in all respects as if the provisions of the said Act had been re-enacted in this Act.