Income Tax (Foreign Organisations) (Exemption Approval) (No. 5) Order, 1985

1. This Order may be cited as the Income Tax (Foreign Organisations) (Exemption Approval) (No. 5) Order, 1985. Title

2. With respect to the Agreement described in the Schedule hereto, Credit L yonnais and all other Financial Institutions named therein as signatories to such Agreement • are hereby approved for the purpose of exemption from tax. Approval of foreign organisa­ tions

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. MWANANSHIKN, Minister of Finance SCHEDULE (Paragraphs 2 and 3) AGREBMBNT The Supplemental Agreement dated the 4th January, 1985, relating to a $1,648,018.03 Loan Agreement dated the 19th March, 1981, made between the United Bus Company of Zambia Limited (as Borrower), the Minister of Finance of the Republic of Zambia (as Guarantor), Credit Lyonnais (as Agent) and other Financial Institutions (as Lenders) which are signatories to the Agree­ ment. Oopies of this Statutory Instrument can be obtained from the Government Printer, P.O. Box 30136, Lusaka.Price 20n each.