No. 14. E/clricily g.,r'.l'. 1973.

Income tax 14. (1) Notwithstanding the provisions of the Income Tax
concession. Ordinance, 1967, or any Act amending or replacing the same-
No. 21 of 1967. n
 (a) the rate of tax chargeable on the Company in respect
 of its profits or any part of them shall be at the rate
 of *-" . and
 (b) the rate of tax chargeable on any shareholder or
 debenture holder of the Company in respect of any
 dividends or interest paid by the Company shall be
 at the rate of 32%.
 (2) The Company shall not be liable to pay any other
 tax based on income received or profits earned during the period
 of ten years beginning on the Appointed Day.

 Erection of 15. (1) The Company may-
 electric lines
 etc. and entry (a) subject to the provisions of sub-sections (4) and
 upon land. (5) of this Section, erect or instal in, on, under or
 over any land any poles, electric lines, conductors,
 sub-stations, pipelines, cables or other works or ap-
 paratus used or to be used in the installation or work-
 ing of the undertaking;
 (b) keep in being and use any poles, electric lines, con-
 ductors, sub-stations, pipelines, cables or other works
 or apparatus erected or installed pursuant to the
 Hydro-Electric Ordinance, 1951, in, on, under or
 over the land of any other person;
 (c) alter, substitute, repair or remove any such pole,
 eletrie line, conductor, sub-station, pipeline, cable,
 works or apparatus erected or installed pursuant to
 this Act or the Hydro-Electric Ordinance, 1951, at
 all times when, in th? opinion of the Company, the
 same may be necessary or desirable.
 (2) Subject as aforesaid, the Company for the purpose
 of ereting, installing, altering, substituting, repairing or re-
 moving any such pole, eleeirie line, conductor, sub-station, pipe-
 line, cable, works or apparatus may enter upon any land and
 may--
 (a) clear such land:
 (b) dig the soil and remove the surface of such land;
 (c) temporarily close or obstruct such land; and