5. In this Act unless the context otherwise requires- " assets " mean any immovable property within the meaning of the Ceylon Petroleum Corporation Act, and include any movable property; " Ceylon Petroleum Corporation " means the Ceylon Petroleum Corporation established under the Ceylon Petroleum Corporation Act; "Ceylon Petroleum Corporation Act" means the Ceylon Petroleum Corporation Act, No. 28 of 1961, as amended by the Ceylon Petroleum Corporation (Amendment) Act, No. 5 of 1963, and by any subsequent Act; " Compensation Tribunal " means the Compensation Tribunal established or constituted under the Ceylon Petroleum Corporation Act; " foreign-owned petroleum companies " mean-
| (a) the Company commonly known as "Shell", that is to say, The Shell Company of Ceylon, Limited, incorporated under the laws of England whose registered office is at Shell Centre, London, S.E. 1, in the United Kingdom; |
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| (b) the Company commonly known as " Esso", that is to say, Esso Standard Eastern Inc., incorporated under the laws of the State of Delaware, United States of America, and having an office at 15, West 51st Street, New York, United States of America, and a registered office in Ceylon at the State Bank Building, Baillie Street, Colombo; and |
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| (c) the Company commonly known as " Caltex ", that is to say, Caltex Ceylon Limited incorporated under the laws of Ceylon whose registered office is at 25, Galle Face Court, Colombo, Ceylon; |
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" petroleum compensation agreements to which this Act applies" mean the compensation agreements entered into between the Minister of Finance, on behalf of the Government, and the foreign-owned petroleum companies on the twenty-second day of June, Nineteen hundred and Sixty-five and copies of which have been tabled in the Senate and the House of Representatives; and the expression " petroleum compensation agreement" shall be construed accordingly; " relevant date" means the twenty-second day of June, Nineteen hundred and Sixty-five. |
Sri Lanka Consolidated Acts