Amendment of sections 3 and 75 of Bom. XVIII of

In the Boroughs Act,--

1. (a) in section 3, after clause (17), the following clause shall be inserted, and shall be deemed always to have been inserted, namely :-- "(17A) 'rate on buildings or lands' includes any tax imposed on buildings or lands ;";
2. (b) in section 75, for the Explanation at the end, the following Explanation shall be substituted, and shall be deemed always to have been substituted, namely :-- "Explanation.--For the purposes of a rate on buildings or lands, the basis of valuation may be--
   • (i) the annual letting value;
   • (ii) the annual value;
   • (iii) the floor area, in the case of Mills, Factories and buildings and lands connected therewith;
   • (iv) the capital value, in the case of vacant lands."