No. 21. Income Tax. 1967.

 (b) the income of any local authority or of any trade
 union in so far as such income is not derived from
 a trade carried on by such local authority or trade
 Luni(;n. In calculating the income of any local
 authority for the purposes of this paragraph the
 income of the local authority derived from the
 supply of water or from markets, abbatoirs, ceme-
 teries and wharves shall be exempt from tax;
 (c) the income of any friendly society or of any statu-
 tory or registered building society;
 (d) the income of any ecclesiastical, charitable or educa-
 tional institution of a public character in so far as
 such income is not derived from a trade carried on
 by such institution except where that trade is car-
 ried on by a charity and that trade subserves one of
 the main purposes of the charity;
 (e) the emoluments payable to members of the perma-
 nent consular services of foreign countries in respect
 of their offices or in respect of services- rendered by
 them in their official capacity;
 (f) the emoluments payable from Imperial funds to
 members of Her Majesty's Forces and to persons in
 the permanent service of the Imperial Government
 in the Island in respect of their offices under the
 Imperial Government;
 (g) wound and disability pensions granted to members
 of Her Majesty's Forces;
 (h) gratuities granted to members of Her Majesty's
 Forces in respect of services rendered during war;
 (i) the income of the Government Savings Bank;
 (j) the income of the Saint Vincent Banana Growers
 Association Limited and of the St. Vincent Co-opera-
 tive Arrowroot Association, so long as they continue
 to be conducted as associations not for profit and
 their surplus monies (if any) or other income are
 applied for the sole purpose of their objects and not
 for the benefit of their individual members; and this
 exemption in the case of the Arrowroot Association
 shall be deemed always to have had effect.
 (k) any sum received by way of gratuity on termination
 of a contract of employment except where the con-
 tract is renewed or replaced by another contract
 under the same employer;