Income Tax (Foreign Organisations) (Exemption Approval) (No. 7) Order, 1985

2. With respect to the Agreement described in the Schedule hereto, the Meridien International Bank Limited and various other banks therein mentioned as signatories thereto are hereby approved for the purpose of exemption from tax. Approval of foreign organisations

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 6th February, 1985 [ .MF /L AND I/IN .549] L. J. MWANANSHIKU, Minister of Finance SCHEDULE (Paragraphs 2 and 3) AGREEMENT The Credity Facility Agreement dated the 31st December, 1984, between Bank of Zambia and Mcridien International Bank Limited facilitating the refinancing of a sum of money in the principal amount of twelve million one hundred and two thousand one hundred and sixty United States dollars (US 812,102,160) which is about twenty-six million six hundred thousand kwa­ cha (K26,6D0,000). Oopi(?,{J of this Statutory Instrument can be obtained from the Government Printer, P.O. Bo:z: 30136, Lu8aka. Price 20n each.