3. Section 37 of the Village Councils Ordinance is hereby amended as follows: -
| (1) in sub-section (5) thereof, by the substitution, for the words " The land tax ", of the words " Subject to the provisions of sub-section (8), the land tax "; and |
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| (2) by the insertion, immediately after sub-section (7), of the following new sub-section:-
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' (8) For the purpose of levying the assessment tax referred to in paragraph (a) of sub-section (2), the Council shall cause to be prepared once in every five years a list of assessments of annual values, to be called the " quinquennial list ", and where an assessment tax is levied by the Council such tax shall be calculated in relation to such last-prepared quinquennial list.'. | | |
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Sri Lanka Consolidated Acts