Finance Act, 1947

Alteration of personal allowances.

2.—Subsection (1) of section 18 of the Finance Act, 1920 , as amended by section 3 of the Finance Act, 1939 (No. 18 of 1939), shall be construed and have effect as if the words “two hundred and sixty pounds” were substituted therein for the words “two hundred and twenty pounds” and the words “one hundred and forty pounds” substituted therein for the words “one hundred and twenty pounds”.