Clause 42

by deleting the words “on or before the day of” in subsection (1)(b) and substituting the word “before”;

by deleting the words “on or before the day of” in subsection (1)(c)(iii) and substituting the word “before”;

by deleting the words “Every such company shall upon payment of a dividend, whether tax is deducted therefrom or not,” in subsection (2) and substituting the words “Every company shall upon payment of a dividend from which tax has been deducted or is deductible,”;

by deleting the words “such company” in subsection (3) and substituting the words “a company to which subsection (1) applies”;

by inserting, immediately after the words “31st December 2007” in subsection (5B), the words “so long as the company has not exercised an irrevocable option under subsection (6A)”;

by inserting, immediately after the words “1st January 2003,” in subsection (5C), the words “or which has exercised an option under subsection (6A) before payment of the dividend,”;

by deleting the words “from the date of” in subsection (6A) and substituting the word “upon”; and

by deleting the words “under subsection (1)” in subsection (8) and substituting the words “from which tax has been deducted or is deductible”.