Banks. -They Have To Pay The Tax Of 9 Percent On Liquid Profits.

Original Language Title: BANCOS. — DEBEN PAGAR EL IMPUESTO DEL 9 POR CIENTO SOBRE SUS UTILIDADES LÍQUIDAS.

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December 12 law

BANKS. †" They must pay the 9 percent tax on their LA-quid profits.

ANICETO ARCE

CONSTITUTIONAL PRESIDENT OF THE REPAsBLICA

FOR HOW much the national congress has sanctioned the following law:

THE NATIONAL CONGRESS,

DECCRETA:

ArtA-culo 1.A ° †"The issuing banks, discounts, deposits, agricultural-queues, mortgages and other institutions of this financial year, will pay annually, from the 1st of January 1892, the tax tax of 9% (nine percent) on their profits.

ArtA-ass 2.A ° †"The opposing laws are repealed.

Pass to the executive branch for constitutional purposes.

Session room in Oruro, October 9, 1,800, and one.

J. M. OF THE CARPIO.

Lisandro Quiroga.

Roberto Tállez, Senator Secretary.

M. Murillo Dorado, D. Secretary.

J. Rodolfo Avila, D. Secretary.

FOR TANTO: I enact it so that it has and will comply with the law of the republic.

Government House, in Sucre, the twelve days of the month of December of a thousand eight hundred and ninety-one years.

MAPLE ANICETO.

Emeterio Cano,

Finance Minister A© Industry.