Clause 19

Notwithstanding the provisions of section 19 of this Ordinance where a person proves to the satisfaction of the Comptroller that he is carrying on an industrial enterprise as defined in the Fourth Schedule to this Ordinance he shall be entitled for a period of three years to an annual allowance of thirty-three and one-third per cent in respect of capital expenditure incurred on or after the 1st day of January 1965, on the provision of machinery or plant for the purposes of that industrial enterprise in lieu of the allowances provided by section 19 of this Ordinance.(2) Any claim for allowances under this section shall be made at the time of lodgment of the return of income for the relevant years of assessment, or within such further time as the Comptroller, in his discretion, may allow.(3) Where any allowance has been claimed and allowed under this section for any year of assessment no allowances shall be made in any subsequent year of assessment under the provisions of section 19 in respect of such expenditure.(4) For the purposes of this section machinery or plant shall be deemed not to include motor vehicles designed primarily and principally for the carriage of persons.”.