3. Section 5 of the principal Act is hereby amended in sub section (1) of that section as follows: -
| (a) by the insertion, immediately after paragraph (g) of that sub-section, of the following new paragraph -
| | "(gg) the emoluments, and any income not arising in Ceylon, for three years reckoned from the date of employment in Ceylon of any individual who is not a citizen of Ceylon and who is brought to and employed in Ceylon on or after April 1, 1966, by the proprietor of any such undertaking as is referred to in paragraph (v) of sub-section (1) of section 6 in such executive capacity or other capacity as may be approved by the Minister on the recommendation. of the Ceylon Tourist Board established under the Ceylon Tourist Board Act, No. 10 of 1966;"; and | | |
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| (b) by the insertion, immediately after paragraph (k) of that sub-section, of the following new paragraph: -
| | " (kk) interest accruing to any foreign credit agency from any loan considered by the Minister of Finance to be essential for the economic progress of Ceylon and granted with his approval by that foreign credit agency to the Agricultural and Industrial Credit Corporation of Ceylon, the Development Finance Corporation of , Ceylon, the Ceylon State Mortgage Bank or any commercial bank for the time being operating in Ceylon;". | | |
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Sri Lanka Consolidated Acts