Clause 22

by inserting, immediately after subsection (2), the following subsection:“(2A) The Minister may, if he is satisfied that it is expedient in the public interest to do so, authorise the Comptroller to pay such company in respect of such classes of its shareholders as the Minister may designate, a sum equal to the amount of tax which the designated company would be entitled to deduct under subsection (1) from dividends to be paid to the designated shareholders so as to enable the designated company to pay the dividends to those shareholders as if no tax had been deducted under that subsection.”;

by inserting, immediately after the word “assessment” in the second line of subsection (8), the words “or such longer period as the Comptroller may allow”; and

by inserting, immediately after the word “dividend” in the first line of subsection (12)(a), the words “(other than any dividend paid by virtue of subsection (2A))”.