Clause 26

by deleting the full-stop at the end of sub-paragraph (b) of paragraph 1(1) and substituting a semicolon, and by inserting immediately thereafter the following sub-paragraph:“(c)“consolidated accounts”, in relation to a holding company, where it is impractical to prepare one set of consolidated accounts covering the group, or where it is otherwise preferred in the interest of the shareholders, shall also include —

two or more sets of consolidated accounts together covering that group;

separate accounts for each corporation in that group; or

combination of one or more sets of consolidated accounts and one or more separate accounts together covering the group.”;

by deleting the word “and” in paragraph 2(1)(b)(ii);

by inserting, at the end of item (iii) of paragraph 2(1)(b), the word “and”, and by inserting immediately thereafter the following item:“(iv)other persons;”;

by deleting the full-stop at the end of sub-paragraph (m) of paragraph 2(1) and substituting a semicolon, and by inserting immediately thereafter the following sub-paragraphs:“(n)any amount set aside in respect of any provision for the payment of income tax attributable to a period other than the financial year;

any amount set aside to a provision (other than a provision specifically provided for in this Schedule);

any amount withdrawn from any provision where the amount withdrawn was not applied for the purposes of the provision.”;

by deleting sub-paragraphs (c), (f) and (g) of paragraph 3;

by deleting the word “end” in paragraph 3(j) and substituting the word “beginning”; and

by deleting sub-paragraph (5) of paragraph 4.