No. 21. Income Tax. 1967.


 (4) The fact that a non-resident person executes sales
 or carries out transactions with another non-resident person
 in circumstances which would make him chargeable in pur-
 suance of subsections (1) and (2) of this section in the name
 of a resident person shall not of itself make him chargeable
 in respect of gains or profits arising from those sales or trans-
 actions.

 (5) Where a non-resident person is chargeable to tax
in the name of any attorney, factor, agent, receiver, branch, or
manager, in respect of any gains or profits arising from the
sale of goods or produce manufactured or produced out of the
Colony by the non-resident person, the person in whose name
the non-resident person is so chargeable may, if he thinks fit,
apply to the Comptroller to have the assessment to tax in res-
pect of those gains or profits made or amended on the basis
of the profits which might reasonably be expected to have
been earned by a merchant or, where the goods are retained
by or on behalf of the manufacturer or producer, by a retailer
of the goods sold, who had bought from the manufacturer or
producer, by a retailer of the goods sold, who had bought
from the manufacturer or producer direct, and, on proof to
the satisfaction of the Comptroller of the amount of the
profits on the basis aforesaid, the assessment shall be made
or amended accordingly.

 14. (1) Where any employer establishes a superannuation Pensions and
fund for the provision of pensions or annuities for the persons Superannua-
employed in any trade or business in the Colony either on tion Funds.
retirement at a specified age, or on becoming incapacitated,
or for the widows, children or dependents of persons who
have been so employed on the death of those persons, he may
apply to the Comptroller for approval of such fund.

 (2) For the purposes of this section, "superannuation
fund" means a fund which is approved for these purposes by
the Comptroller, and subject as hereinafter provided, the said
Comptroller shall not approve any fund unless it is shown to
his satisfaction that-

 (a) the fund is a fund bona fide established under
 irrevocable trust in connection with some
 trade or undertaking carried on in the Colony
 by a person residing therein; and