Income Tax (Foreign Organisations) (Exemption Approval) Order, 1985

1. This Order may be cited as the Income Tax (Foreign Organisations) (Exemption Approval) Order, 1985.

2. With respect to the Agreement described in the SchBdule hereto, Credit Lyonnais and all other Financial Institutions named therein as signatories to such Agreement are hereby approved for the purpose of exemption from tax. Approval of forclgn organi&a­ tiona

3. The income and emoluments of the foreign organisations approved in paragraph 2 of this Order accruing under the Agreement described in the Schedule hereto, shall be exempt from tax pursuant to sub-paragraph (c) of paragraph 4 of Part II of the Second Schedule to the Act. Exemption from tax LUSAKA 24th January, 1985 [SF.331] L. J. MWANANSH!KU, Minister of Finance SCHEDTJLB (Paragraphs 2 and 3) AGREBMBNT The Supplemental Agreement dated the 4th January, 1985, ralating to n $1,365,340.19 Loan Agreement dated the 14th August, 1980, made between the Zambia Travel and Touring Company Limited (as Borrower), the Minister of Finance of the Republic of Zambia (as Guarantor), Credit Lyonnais (as Ageat) and other Financial Institutions (as Lenders) which are signatories to the Agreement, Oopiee of th.is Statutory Instrument can be obtained from the Government Printer, P.O. Bo::c 30136, Lusaka. Prica 20n ead�.