First COLUMN.
(27) Section 83.
(28) Section 86.
SECOND COLUMN.
27) Section 83 is amended by the deletion in the second line of paragraph (a) of subsection (1) of the word "income" and the substitution therefor of the following-
"'sum'".
(28) Section 86 is amended by the addition at the end
of subsection (1) of the following→
"or profits".
FIRST COLUMN.
9
SECOND COLUMN,
SECOND SCHEDULE
Rates
[ss. 14+
44(1).]
For the year of assessment 1947/48 and each
year thereafter until superseded.
SECOND COLUMN.
THIRD COLUMN.
(4) Upon the first five
thousand dollars
standard rate
(29) Section 38.
(29) Section 88 is repealed.
(30) Section 8gA.
(30) Section 89A is amended--
(a) by the deletion of the word "income" in the seventh line and the substitution therefor of the following-
"profits";
(b) Upon the next five
thousand dollars
**
(ર)
do
'
ל
*
(d)
do
The full standard
rate
(b) by the deletion of the words "income is" in
the ninth line and the substitution therefor of the following-
(e)
do
1 standard rate
"profits are".
0
do
77
(30) First and
Second Schedules.
(31) The Ordinance is amended by the addition at the
end thereof of the following-
(g)
do
J
11
ཟ་
LL
[S. 2.]
FIRST SCHEDULE
Standard Rate
For the year of assessment 1947/48 and until
superseded
Ten per ceni.
For the year of assessment 1950/51 and until
superseded
Twelve and one-half per cent.
(k) Upon the remain Twice the standard
der
rate
NOTE: Where a person is liable to the appropriate tax for a part only of any year of assessment the amounts in the second column against items (c) to (g) will ba reduced in the proportion which the number of days he is so liable bears to the number of days in that year of assesament.