Clause 11

by deleting the word “overseas,” in the fifteenth line of subsection (1) and substituting the words “overseas; or on or after 1st April 1995 by an approved firm or company resident in Singapore which is the holder of a master franchise or master intellectual property licence principally for promoting the provision of services overseas in connection with the use overseas of any right under the franchise or licence,”; and

by deleting the full-stop at the end of the definition of “export market development expenditure” in subsection (4) and substituting a semi-colon, and by inserting immediately thereafter the following definition:“ “master franchise” and “master intellectual property licence” have the same meanings as in section 14B.”.