41
includes a person who holds such land and/or improvements
subject to a ground rent or other ammual charge;
"person" includes a company, partnership, or body of
persons;
"precedent partner" means the partner who, of the active
partners resident in the Colony
(a) is first named in the agreement of partnership; or
(b) if there is no agreement, is specified by name or
initials singly or with precedence to the other partners in the
usual name of the partnership; or
(c) is first named in any statutory statement of the names
of the partners;
"prescribed" means prescribed by or in pursuance of this
Ordinance;
Chapte
"profits" means the net profits for any period calculated
in sucordance with the provisions of Chapter IV of this Ordinance;
"profits arising in or derived from the Colony" for the
purposes of Chapter IV shall, without in any way limiting the
meaning of the term, include all profits from business
transacted in the Colony, whether directly or through an agent;
"receiver" includes any receiver or liquidator, and any
assignee, trustee, or other person having the possession or
control of the property of any person by reason of insolvency
or bankruptcy;
"tax" means any tax imposed by this Ordinance;
"trade" includes every trade and manufacture, and every
adventure and concern in the rature of trade;
"trustee" includes any trustee, guardian, curator,
manager, or other person having the direction, control, or
management of any property on behalf of any person, but does
not include an executor;
"United Kingdom" means the United Kingdom of Creat
Britain and Northern Ireland;
"Written-dow value" means the residue of the cost to the
owner thereof of any asset after deducting a sum representing
/the