FIRST COLUMN.
(27) Section 83.
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.
(28) Section 86 is amended by the addition at the end
of subsection (1) of the following-
"or profits".
(29) Section 38.
(29) Section 88 is repealed.
FIRST COLUMN.
9
SECOND COLUMN,
SECOND SCHEDULE
Rates
[S8. 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year thereafter until superseded,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
(30) Section 89A. (30) Section 89A is amended-
(a) by the deletion of the word "income" in the seventh line and the substitution therefor of the following-
(6) Upon the next five
thousand dollars
}
+
(c)
do
星
D
13
**profits";
(d)
do
The full standard
race
(6) 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
(31) First and
Second
Schedules.
(31) The Ordinance is amended by the addition at the
end thereof of the following-
(g)
do
J
11
44
[S. 2.]
FIRST SCHEDULE
Standard Rate
For the year of assessment 1947/48 and until
superseded
Ten per cent.
For the year of assessment 1950/51 and until superseded --............................ Twelve and one-halt
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 iteme (e) 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 assessment.
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Private notes are available after approval.