Amendment
10
requisite for persons employed in the class of trade or business to which that trade or business belongs.
(3) An approval for the purposes of subsection (1) may-
(a) operate as from a dale, whether before or after the date of approval, specified in the instrument of approval; and
(b) be withdrawn at any time.**.
11. Subsection (6) of section 18 of the principal Ordinance is of section 18. amended by the deletion of the word "appeal" and the substitution
Amzadmeal
of sec
tion 230.
Amendment of Bee- tion 23C.
Amendment
therefor of the following-
"objection to an assessment under section 64"".
12. Subsection (1) of section 23B of the principal Ordinance is amended-
(a) by the insertion, after the words "goods shipped in the Colony"
where they first occur therein, of the following-
in tespect of outward towage undertaken from the Colony": and
(b) by the insertion, after the words "livestock and goods" where
they occur for the second time therein, of the following-
1
in respect of towage".
13. Section 29C of the principal Ordinance is amended-
(a) by the insertion, after the words "goods shipped in the Colony" where they first occur in subsection (1) of the following—
+
in respect of outward towage undertaken from the Colony":
(b) by the insertion, after the words "livestock and goods" where they occur for the second time in subsection (1), of the following-
KL
in respect of towage"; and
(c) by the insertion, after the words "goods shipped in the Colony"
in subsection (2), of the following-
in respect of outward towage undertaken from the Colony".
14. Section 25 of the principal Ordinance is amended by the delc-
of section 25. tion, in paragraph (a) of the proviso thereto, of the words "by him for
the purposes of his trade profession or business" and the substitution therefor of the following-
"or used by him for the purposes of producing profits in respect of which he is chargeable to tax under this Part”.
15. Section 28 of the principal Ordinance is amended- (a) by the deletion of the full stop at the end of paragraph (c) of the proviso thereto and the substitution therefor of a semi- colon; and
(b) by the insertion, after paragraph (c) of the proviso, of the
following new paragraph--
(Cap. 166).
(Cap. 163).
**(d) any interest paid or payable to any person carrying on business in the Colony as a pawn- broker within the meaning of, and licensed in accordance with the provisions of the Pawn- brokers Ordinance or as a money-lender within the meaning of, and registered in accordance with the provisions of the Money-lenders Ordinance where such interest is paid or pay- able to him in the ordinary course of his business as a pawnbroker or money-lender.”.
Amenditent
of section 28.
16. Section 29 of the principal Ordinance is amended by the dele- Amendment tion of the word "recoverable" and the substitution therefor of the of section 29. following-
"payable".
17. Section 34 of the principal Ordinance is amended-
(2) by the deletion of the hyphenated words "one-tenth" in sub- section (1) and the substitution therefor of the following-
"one-fifth":
(b) by the deletion of the proviso to subsection (1) and the sub-
stitution therefor of the following-
"Provided that-
(a) no initial allowance shall be made for the eight suc- cessive years of assessment commencing on the 1st day of April in each of the years 1957 to 1964;
(6) where any initial allowance has been made in relation to capital expenditure on a building or structure under this subsection before such building or structure comes to be used and when it first comes to be used it is not an industrial building or structure, such allowance shall be disallowed and such additional assessments as may be necessary consequent thereon shall be made.":
(c) by the deletion, in paragraph (a) of subsection (2), of the hyphenated words "one-fiftieth" and the substitution therefor of the following—
1
"one-twenty-fifth": and
Amendment
of section 34.