Clause 2

Section 2 of the Corporation Duty Ordinance (hereinafter in this Act referred to as “the Ordinance”) is hereby amended by deleting the definition of “annual value” appearing therein and substituting therefor the following: —“ “annual value” has the same meaning as in section 2 of the Property Tax Ordinance, 1960 (Ord. 72 of 1960), and shall be ascertained in the same manner as annual value is ascertained under the said Ordinance;”.