3. Every company, which is liable to pay the surcharge under this Act, shall notwithstanding that no assessment has been made on it pay to the Commissioner General
(a)a sum of not less than fifty per centum on or before August 15,2001 ,and |
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(b)a sum equal to the balance, on or before November 15,2001, |
| of the amount of the surcharge payable by it for the relevant year. Each sum so payable shall hereinafter in this Act he referred to as an "installment". |