Finance Act, 1967

Amendment of section 344 (1) (2) (4) of Income Tax Act, 1967.

8.—(1) Subsections (1) and (2) of section 344 of the Income Tax Act, 1967 , are each hereby amended by the substitution of “£70” for “£50”.

(2) Subsection (4) of section 344 of the Income Tax Act, 1967 , is hereby amended by the substitution, in the definition of “the commercial banks”, of “Guinness & Mahon Limited” for “Guinness & Mahon”.