4,
(1) Every person who deposits moneys in a special account in the Bank under the provisions of section 3 shall
| | (a) make a declaration to the Bank in the Form set cut in the Schedule to this Act; and | | |
| | (b) be liable to pay to the Commissioner-General a tax of an amount equal to 20 per centum ox the moneys so deposited, | | |
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(2) The tax payable by any person under subsection (1) shall, notwithstanding anything in any written law, be paid to the Commissioner-General by the Bank on or before July 31, 1989, out; of moneys lying to the credit of such person in any such special account as is referred to in section 3. |
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(3) The payment by the Bank of the tax to the Commissioner-General under subsection (2) from the moneys lying to the credit of any person in any such special account or, is referred to in section 3 shall be deemed to be authorized by such person, and such tax shall be deemed to have been paid by such person to the Commissioner-General. |
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