Clause 4

by deleting paragraph (g) of subsection (6) and substituting the following paragraph:“(g)notwithstanding paragraphs (c) and (f), no dividend paid on any share of a preferential nature shall be exempt from tax under this section in the hands of the shareholder.”; and

by deleting the definition of “Singapore ship” in subsection (16) and substituting the following definition:“ “Singapore ship” means a ship in respect of which a certificate of registry, other than provisionally, has been issued under the Merchant Shipping Act (Cap. 179) and its registry is not closed or deemed to be closed or suspended.”.