Finance Act, 1960

Extension of Part II of the Act.

32.—(1) In this section—

“specified minerals” means gypsum and anhydrite;

“specified mining operations” means mining operations (by underground or opencast excavation) within the State, whether before or after the passing of this Act, but only in so far as the production of specified minerals results or has resulted therefrom.

(2) Part II of the Act shall apply to specified mining operations as if—

(a) “coal-mining operations”, wherever occurring in that Part (including wherever occurring after “new” or “existing”), referred to specified mining operations,

(b) “production of coal”, wherever occurring in that Part, referred to production of specified minerals,

(c) “output of coal”, wherever occurring in that Part (including wherever occurring after “standard”), referred to output of specified minerals,

(d) “or the year of assessment beginning on the 6th day of April, 1960 (whichever year is the later)” were inserted after “year of assessment in which the commencement day occurs” in subsection (1) of section 7 of the Act,

(e) “or the 6th day of April, 1960 (whichever is the later)” were inserted after “commencement day” in paragraph (a) of subsection (2) of section 7 of the Act,

(f) “the 6th day of April, 1960” were substituted in paragraph (a) of subsection (2) of section 8 of the Act for “the 1st day of October, 1956”,

(g) the following definition were substituted in paragraph (a) of subsection (3) of section 8 of the Act for the definition of “relevant year of assessment”:

“‘relevant year of assessment’ means each of the seven consecutive years of assessment of which the first is the year of assessment commencing on the 6th day of April, 1960”.