4. Section 6 of the principal Act is hereby amended as follows: -
| (1) in sub-section (1) of that section-
| | (a) in paragraph (iii) of that sub-section, by the substitution, for the words "sea fishing and", of the words "sea fishing;"; | | |
| | (b) in paragraph (iv) of that sub-section, by the substitution, for the full stop at the end of that paragraph, of a semi-colon; and | | |
| | (c) by the insertion, immediately after paragraph (iv) of that sub-section, of the following new paragraphs: -
| | | "(v) to any such undertaking commenced on or after April 1, 1966, of operating hotels for tourists as is on the recommendation of the Ceylon Tourist Board established under the Ceylon Tourist Board Act, No. 10 of 1966, approved by the Minister by Order published in the Gazette and |
| (vi) to any such undertaking of providing buildings for the use of an undertaking referred to in paragraph (v) as is on the recommendation of the Ceylon Tourist Board established under the Ceylon Tourist Board Act, No. 10 of 1966, approved by the Minister by Order published in the Gazette."; |
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| (2) in sub-section (2) of that section-
| | (a) In paragraph (1) of that sub-section, by the substitution, for all the words from " profits and income for " to the end of that paragraph, of the words " profits and income of that corporation for a period of five years reckoned from the date on which the Government of Ceylon makes a contribution to the capital of that corporation ; | | |
| | (b) in paragraph (ii) of that sub-section, by the substitution, for all the words from " profits and Income of that undertaking " to the end of that paragraph, of the words " profits and income of that undertaking for a period of five years reckoned from the date on which the production or manufacture in Ceylon of goods or commodities by that undertaking commences,"; | | |
| | (c) in paragraph (iii) of that sub-section, by the substitution, for all the words from " the profits and income of that undertaking " to the end of that paragraph, of the words " the profits and income of that undertaking for a period of five years reckoned from the date on which that undertaking commences to ; carry on business": | | |
| | (d) in paragraph (iv) of that sub-section, by i the substitution, for all the words from " the profits and income of that undertaking " to the end of that para-graph, of the words " profits and income of that undertaking for a period of five years reckoned from such date as is, at the request of the Minister for the time being in charge of the subject of lands, fixed by the Minister of Finance by notice-published in the. Gazette " ; | | |
| | (e) by the insertion, immediately after paragraph (iv) of that sub-section, of the following new paragraphs: -
| | | " (v) any undertaking referred, to in paragraph (v) of sub-section (1), being the profits and income of that undertaking for a period of five years reckoned from the date on which that i undertaking commences to carry on business, and |
| (vi) any undertaking referred to in paragraph (vi) of sub-section (1), being the profits and income accruing to that undertaking from any building during a period of five years reckoned from the date on which such building was provided by that undertaking for the use of an undertaking referred to in paragraph (v) of that sub-section; |
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| (3) in sub-section (3) of that section, by the substitution, for the words "paid to the shareholders ", of the words " paid out of such profits and income to the shareholders "; and |
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| (4) in the marginal note to that section, by the substitution, for the words "industrial undertakings.", of the word "undertakings". |
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Sri Lanka Consolidated Acts