43  Vict.  Cap.  14,  s.  8.

191

43  VICT.  Cap.  14,  s.  8.
Customs  and  Inland  Revenue  Act,  1880.
“  Notwithstanding  the  provisions  contained  in  sub-seclion
  4  of  section  11  of  the  Industrial  and  Provident  Societies
Act,  1876,  a  society  registered  under  that  Act  shall  be
chargeable  to  the  duties  of  income  tax,  under  Schedule
(C.)  and  Schedule  (D.),  in  case  the  society  sells  to  persons
who  are  not  members  thereof,  and  the  number  of  the
shares  of  the  society  is  limited  either  by  its  rules  or
practice.”