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Tax on Banks

Tax on Insurance Compamcs '

Exemption

Cap. 17. III EDWARD VII. 1903.

thereafter during the then current year, come under the definition of persons who shall be liable for poll tax; and the addition of any such name or names may be made to the Assessment Book at any time or times, and when made all the proceedure applicable to the enforcing payment of poll tax as hereinafter mentioned shall be applicable to such cases.

72. Every incorporated or joint stock Bank doing business within the City, including foreign Banks, having an agency or place of business within the City, shall be assessed for the real estate and moveable personal property owned by them in said City, in the same way as other rate-payers are assessed, and shall also, in addition thereto, pay an annual tax, or license fee of fifty dollars each; and the said annual tax or license fee shall be due and payable on the first day of June in every year.

73. Every insurance company or association, accident and guarantee company and plate glass insurance company or association established in the City of Charlottetown, or having any branch oflice, agent or agencies therein, shall be assessed in respect of the real estate and moveable personal property owned by said company or association in the same way as the other rate-payers of the City of Charlotte— town are assessed, and shall in addition thereto pay an annual license fee; every Marine Fire or Life Insurance Company or Association the sum of fifty dollars each, and every Accident or Guarantee Com— pany twenty-five dollars each, and every Plate Glass Insurance Company or Association the sum of ten dollars each. If the same company or association is engaged in more than one branch of Insurance busi— ness it shall pay a license fee for each b1anch of its busi— ness, at the rate above mentioned for each. In cases where assurance companies are engaged in winding up their business in the City of Charlottetown, and