Clause 28

by inserting, immediately after the word “shall” in the 7th line of subsection (1), the words “, subject to subsection (1B),”; and

by inserting, immediately after subsection (1A), the following subsection:“(1B) Where any allowance for any year of assessment falling to be made to a company under section 16, 17, 18A, 19, 19A, 19B, 19C or 20 is transferred to a claimant company under section 37C, the amount of such allowance transferred shall be deducted from the balance in subsection (1).”.