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 President: Honourable Members I have the honour to report that the
 Income Tax (Amendment) Bill was taken through the Committee stage, and was
 amended by the deletion of section 2 and the re-numbeiing of section 3 as section 2.
 Honourable Colonial Treasurer : I move that the report be adopted.
 Honourable Crown Attorney : I second the motion.
 Question put-and agreed to.
 Honourable Colonial Treasurer : I move that the Bill be.real a third time by
 title and passed.
 Honourable Crown Attorney : I second the motion.
 Question put and agreed to;
 Bill read a third time.
 Honourable Colonial Treasurer : I move that the Loah (Economia
 Development) Bill'be read a second time.
 Honourable Crown Attorney : I second the motion.
 Question put and agreed to .
 Bill read a second time.
 Honourable Colonial Treasurer : I move'that the Council resolve itself into a
 Committee of the whole Council to consider the Bill clause by clause.'
 Honourable Crown Attorney : I second the motion.
 Question put and agreed to.

 In Committee.
 Clause 2-Interpretation.
 Honorable Colonial Treasurer : -I suggest that the word "England in the
 definition of Crovn Agents be replaced by the words United Kingdom "
 Question put and agreed to.
 Clause 3-Governor or Crown Agents may raise Loan in England.
 Honourable Colonial Treasurer : Here again "England" in the marginal
 note should be changed to United Kingdom ".
 Question put and agreed to.
 Clause 4-Loan to be a charge on the revenue and assets of the Colony.
 Question put and agreed to.
 Clause 5-Purposes for which loan to be applied.
 Question put and agreed to.
 Clause 6-Loan may be raised under Ordinance- No. 14 of 1950, or as the Governor
 or Crown Agents may decide.
 Question put and agreed to.
 Clause 7-Sinking fund to commence not later than 3 years from date on which
 interest coirmences.
 Question put and .agreed to.
 Clause 8-Provisions to apply if loan is raised, independently of Ordinance No. 14
 of 1950.
 Question put and agreed to.
 Schedule.
 Question put and agreed to.
 Clause 1-Short title.
 Question put and agreed to.
 Honorable Colonial Treasurer-I move that the Committee rise-and the
 Presiding Member report back to the Cournil.