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Duties on Profits of Foreign or Colonial Possessions or Securities, where to be charged.
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CVIII. And be it further enacted, That the Duty to be assessed by virtue of this Act, in respect of the Profits or Gains arising from Foreign Possessions or Foreign Securities, or in the British Plantations in America, of in any other of His Majesty’s Dominions, may be stated to and assessed by the respective Commissioners acting for the respective Places herein after mentioned, videlicet, London, Bristol, Liverpool, and Glasgow, according to the Regulations herein-after mentioned, as if such Duty had been assessed upon the Profits or Gains arising from Trade or Manufacture carried on in such Places respectively and such Duty shall be stated to, and assessed and charged by the Commissioners acting for such of the said Places at or nearest to which such Property shall have been first imported into Great Britain, or at or nearest to which the Person who shall have received such Remittances, Money, or Value from chance, and arising from Property not imported as aforesaid, shall reside; and, in Default of the Owner or Proprietor thereof bring charged, the Trustee, Agent, or Receiver of such Profits or Gain shall be charged for the same, and shall be answerable for the doing all such Acts, Matters, and Things, as shall be required by this Act to be done, in order to the assessing such Profits to the Duties granted by this Act, and paying the same, whether the Person or Persons to whom the said Profits belong shall be resident in Great Britain or not.
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