Clause 3

by deleting the expression “him,” appearing in the eleventh line of subsection (1) thereof and substituting therefor the expression “him in Singapore (whether by reason of the discontinuance of the trade, profession or business, or discontinuance of use of such machinery or plant in a trade, profession or business which continues to be carried on in Singapore)”;

by deleting the second proviso to subsection (1) thereof and substituting therefor the following: —“And provided further that, where machinery or plant continues to belong to such person after the date on which it permanently ceases to be used for the purposes of a trade, profession or business carried on by him in Singapore, it shall be deemed to have been sold on the date of permanent cessation of use at the open-market price on such date.”; and

by deleting the full-stop appearing at the end of subsection (6) thereof and substituting therefor a colon, and by inserting immediately thereafter the following new proviso: —“Provided that, where the Comptroller is satisfied by reason of the special nature of any machinery or plant that it is not practicable to determine an open-market price, he may adopt such other value as appears to him to be reasonable in the circumstances.”.