10. Section 23 of the principal enactment is hereby amended as follows:
(1) in subsection (1) of that section
| | (a) in paragraph (eee) of that subsection by the substitution for the words " on its cost of construction," of the words, " on its cost of construction " : | | |
| | (b) by the substitution, in paragraph (hh), of that subsection, for the words " to a special reserve for bad and doubtful debts ;", of the words " to a general reserve to meet expenditure of a revenue nature ;" ; | | |
| | (c) by the substitution, in paragraph (t), of that subsection for the words and figures " on or after April 1, 1987,", of the words and figures " on or after April 1, 1986,"; | | |
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(2) IN subsection (3) of that section
| | (a) by the substitution, in paragraph (bbb) of that subsection, for the words " cost of acquisition ", wherever those words occur in that paragraph of the words " cost of acquisition or the cost of construction, as the case may be " ; | | |
| | (b) by the substitution for the proviso to paragraph, (bbb) of that subsection, of the following proviso : | | |
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(3) in subsection (5) of that section by the substitution for the word and figures " (1) (ee), or (1) (f) ", of the word and figures " (1) (ee), (1) (eee) or (1) (f) " ; and |
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(4) in subsection (7) of that section
| | (a) by the substitution in sub-paragraph (i) of paragraph (a) of that subsection for the words and figure " or paragraph (ee) of subsection (1) ", of the words and figure "or paragraph (ee) or paragraph (eee) of subsection (1) "; | | |
| | (b) by the substitution in sub-paragraph (i) of paragraph (f) of that subsection, for the words " such proceeds of sale ;" of the words "the profits on the sale of the asset sold;"; and | | |
| | (c) by the insertion immediately after sub- paragraph (1) of paragraph (f) of that subsection of the following: | | |
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