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Provisions of 5 & 6 Vict. c. 80. s. 2. and 16 & 17 Vict. c. 34. s. 10. extended to assessing the income tax on interest and dividends payable in the United kingdom in respect of stocks of colonial companies.
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36. The provision made by the Act passed in the fifth and sixth years of Her Majesty's reign, chapter eighty, section two, and the Income Tax Act, 1853 section ten, for the assessing and charging the income tax on interest, dividends, or other annual payments payable out of or in respect of the stocks, funds, or shares of any foreign company, society, adventure, or concern, shall be and the same is hereby extended and shall be applied to the assessing and charging of the income tax on all interests, dividends, or other annual payments payable out of or in respect of the stocks, funds, or shares of any colonial company, society, adventure, or concern, and in respect of any securities given by or on account of any such colonial company, society, adventure, or concern, and which said interest, dividends, or annual payments have been or shall be intrusted to any person in the United Kingdom for payment to any persons, corporations, companies, or societies in the United Kingdom; and for this purpose the said section ten of the last-mentioned Act and this enactment shall be read and construed together as one enactment, in like manner as if the words “or colonial” had been inserted and contained in the said section ten, immediately after the word “foreign,” used therein with reference to any company, society, adventure, or concern.
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