Clause 39

by deleting the words “Section 45” and substituting the words “Section 45(1) to (8)”; and

by renumbering the section as subsection (1) of that section and by inserting immediately thereafter the following subsections:“(2) Subsection (1) shall not apply to any discount from any qualifying debt securities which mature within one year from the date of issue of those securities and issued during the period from 27th February 2004 to 31st December 2008, subject to such conditions as the Minister may impose.(3) In this section, “qualifying debt securities” has the same meaning as in section 13(16).”.