Clause 7

Section 18 of the principal Ordinance is hereby amended by deleting subsection (1) thereof and substituting therefor the following: —“(1) Where any new building is erected or where any building is re-built, enlarged, altered or improved and no action is taken in respect thereof for any reason whatsoever to amend the Valuation List for the year in which the work of erecting, re-building, enlarging, altering or improving such building was completed, the tax in respect of such building shall, notwithstanding that such Valuation List has not been duly amended under the provisions of section 17 of this Ordinance, be payable from the date of completion of the work of erecting, re-building, enlarging, altering or improving such building and such tax shall be calculated on the basis of the annual value or revised annual value, as the case may be, subsquently ascribed to such building in a subsequent Valuation List.”.