Income Tax (Foreign Organisations) (Exemption Approval) (No. 6) Order, 1985

1. Thls Order may be cited as the Income Tax (Foreign Organisations) (Exemption Approval) (No. 6) Order, 1985. Title

2. With respect to the Agreement described in the Schedule hereto, Citicorp International Bank Limited and all other Creditors and Affiliates named therein as signatories to such Agreement are hereby approved for the purpose of exemption from tax. Approval of foreign organisa• lions

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. MWANANSHIKU, Minister of Finance SCHEDULE (Paragraphs 2 and 3) AGREEMENT The Refinancing Agreement between the Republic of Zambia (as Borrower) and the Bank of Zambia of the one part and Citicorp International Bank Limited acting as the Servicing Institution on behalf of the Creditors and Affiliates of the other part which facilitates the refinancing of twenty-seven loans covered by Supplemental Agreements therein listed and involving Bn amount in the aggregate, to about seventy-five million United States dollars (USS75,0001000) which is about one hundred and twenty-three million, seven hundred and fifty thousand kwacha (Kl23,750,000) which Refinancing Agree­ ment was signed on or about the 31st December, 19841 in London, England. Oopies of this Statutor11 Instrument can be obtained from the Govemmene Prinkr, P.O. Bo:c 30136, Lusaka. Price 20n each.