Amendment of section 45.
31-
(3) As soon as the net profit of a
licensee for its current accounting year
has been ascertained under section 41
a final adjustment shall be made and
the Government shall refund to the
licensee any sum paid on account in
excess of the royalty due for that year,
or if the amounts paid on account by
the licensee are less than the royalty
due, the licensee shall pay to the
Accountant General the balance thereof.".
21.
Section 45 of the principal Ordinance is
amended in subsection (1) -
(a) by deleting paragraphs (a) and (b) and
substituting the following --
"it is necessary for the proper exercise
of his functions under this Ordinance"; and
(b) by renumbering sub-paragraphs (i), (ii), (iii)
and (iv) as paragraphs (a), (b), (c) and (d),
respectively.