Clause 13

Section 43A of the principal Act is repealed and the following substituted therefor: —“Concessionary rate of tax for specified Asian Currency Unit income43A. Notwithstanding the provisions of section 43 of this Act, the Minister may by regulations provide that tax at the rate of ten per cent or such other concessionary rate be levied and paid for each year of assessment upon such income as the Minister may specify of a financial institution derived by it from the operation of its Asian Currency Unit approved by the Minister.”.