CO129-595-3 Proposed introduction of income tax 12-12-1946 - 26-1-1947 — Page 41

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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