Clause 5

by inserting immediately after the word “shall” appearing in the third line of subsection (6) thereof the expression “, within fifteen days from the completion of such demolition or removal,”; and

by deleting subsection (7) thereof and substituting therefor the following: —“(7) Where any building or portion of a building is demolished or removed and no action has been taken to amend the Valuation List in respect thereof for any reason, the owner shall, at the option of the Comptroller and until any notice of demolition or removal is given —

continue to be liable to pay the tax in respect of such building or portion of building, as if the same had not been demolished or removed; or

notwithstanding that such Valuation List has not been amended be liable to pay the tax in respect of such property from the date of demolition or removal of the building, as the case may be, on the basis of any revised annual value which may be ascribed to such property in a subsequent amended Valuation List.”.