Clause 35

by deleting the expression “(other than the United Kingdom or the Colony)” appearing in subsection (3) thereof and substituting therefor the words “other than Singapore”;

by deleting subsection (4) thereof and substituting therefor the following: —“(4) For the purposes of this section, “rate of tax”, when applied to tax paid or payable under this Ordinance, means the rate determined by dividing the amount of the tax paid or payable for the year (before the deduction of the relief granted under this section) by the amount of the income in respect of which the tax paid or payable under this Ordinance has been charged for that year, except that, where the income which is the subject of a claim to relief under this section is computed by reference to the provisions of this Ordinance on an amount other than the ascertained amount of the actual profits, the rate of tax shall be determined by the Comptroller; and the rate of Commonwealth income tax shall be computed in a similar manner.”.