(ii) at the time, prior to the event
described in subsection (1)(b), when any shares
additional to shares issued on or before such
commencement are issued;
(iii) upon the event described in subsection
(1)(b) taking place; or
(iv) on any change in the identity of the
Road Company;
(c) "shares" means the ordinary voting shares of the
Road Company.
Tax
14.
provisions. (Cap. 112.)
Ordinance
(a)
For the purposes of Part VI of the Inland Revenue
the Road Company shall throughout the continuance
of the franchise granted by section 4(1) be
deemed to be the owner of and to have the
relevant interest in the works which it has the
right to keep in place under section 4(1)(c);