|
|
Notice to be given of Increase or Decrease of Stock.
|
LXXIX. Provided always, and be it further enacted, That whenever the Capital Stock so to be accounted for, or the Profits arising therefrom, shall be increased or diminished, the like Statement, except where a Declaration shall be made of intended Payment into the Bank of England, shall from Time to Time be given to the respective Assessors, Surveyors, or Inspectors of such Increase or Diminution as is before required, in order that the Assessment thereon may be altered or amended, which Notice shall contain the Time from which such Profits have been increased or diminished; and in case such Profits shall be increased, and due Notice thereof as aforesaid shall not be given, so that an Assessment may be duly made on such Increase, the Person making such Default shall forfeit Treble the Duty by which such Assessment ought to have been increased; and no Assessment shall be altered, unless Notice of the Decrease of such Profits shall be given in Manner aforesaid, before the Time when the Assessment thereon became payable; and every such Return shall be renewed from Year to Year, or in Default thereof the Parties shall remain charged for that Year to the Amount contained in the former Assessment, subject ro Treble Duty in Default of such Notice as aforesaid.
|
