tion of the total chargeable income of that member and the
appropriate relief corresponding to that given for a dividend
under section 39 shall le made, and any dividends which have
been paid or which may be in the future out of the reasonable
proportion shall be disregarded.
 (9) Any additional tax which may become chargeable
and leviable under this section may in default of payment by
the member be charged on and levied from the company.

 PART VI.
 PERSONAL ALLOWANCES.


 28. (1) For the purpose of ascertaining the chargeable
income of any individual who has completed a return- and
given the prescrin (d particulars there shall be allowed in res-
pect of so much of the income as is earned a sum equal to one-
tenth of the amount of such earned income, provided that
such deduction shall not in the case of any- individual exceed
five hundred dollars; and provided also that where a loss
arises in the exercise of any trade, business, profession or
vocation or a loss is brought forward from any previous year
under section 11, no deduction shall be allowed except in res-
pect of the amount, if any, by which the earned income
exceeds such loss or the aggregate amount of such losses, as
the case may be.
 (2) For the purpose of this section the expression
"earned income" means any income arising in respect of any
gains or profits immediately derived by the individual from
any trade, profession, business, employment or vocation car-
ried on or exercised by him either as an individual or in the
case of a partnership as a partner personally acting therein,
or in respect of any pension, superannuation or other allow-
ance given in respect of past services of the individual or of
the husband or parent of the individual or given to the in-
dividual in respect of past services of any deceased person
whether the individual or husband or parent of the individual
shall have contributed to such pension, superannuation or
other allowances or not.

 29. (1) In ascertaining the chargeable income of an
individual who is resident in the Colony or who is a British
Subject and who has completed a return and given the pre-
scribed particulars there shall be allowed a deduction of six
hundred dollars.


Deduction in
case of earned
income.


Deduction in
case of residents
or British
Subjects.


Income Tax.


No. 21.


1967.