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Paragraph 3

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

From the aggregate arrived at under paragraph 2 above there shall be deducted—

(a)

any taxes included in the premiums mentioned in paragraph 2 above; and

(b)

any levies that are related to premiums and are recorded in the society’s books as payable in the last preceding financial year in respect of general business.