Sessional_Paper_1940 — Page 18

Ordinance No. 39 of 1932.

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(d) in the case of a partnership, a partner;

(e) in the case of a body of persons, a member;

"body of persons" includes any partnership, any body corporate or collegiate, any fraternity, fellowship, association, or society of persons, whether corporate on a business, and any family t'ong, but does not include a company;

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business includes agricultural undertaking and poultry and pig rearing;

"Commissioner" includes the Commissioner of Inland Revenue appointed under this Ordinance, and the Deputy Commissioner, and an Assistant Commissioner specially authorized by the Commissioner either generally or for some specific purpose to act on behalf of the Commissioner;

corporation means any company which is either incorporated or registered under the Companies Ordinance, 1932;

"Deputy Commissioner" means the Deputy Commis- sioner of Inland Revenue appointed under this Ordinance;

Examiner means an Examiner appointed under this

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Ordinance;

executor means any executor, administrator, or other person administering the estate of a deceased person, and includes a trustee acting under a trust created by the last will of the author of the trust;

incapacitated person

or person of unsound mind;

means any minor, lunatic, idiot.

"Ordinance" includes any Ordinance amending or sub- stituted for the Ordinance referred to, and any rules, regula- tions, or by-laws under any of such Ordinances;

"owner," in relation to land and improvements thereon. includes a person who holds such land and improvements subject to a ground rent or other annual charge;

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"person" includes a company 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;

"profits

means the net profits for any period calculated in accordance with the provisions of Chapter IV of this Ordinance;

"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 nature of trade;