Section 3. 3. Amendment of sections 3 and 75 of Bom. XVIII of 1925

In the Boroughs Act,-

(a) in section 3, after clause (17), the following clause shall be inserted, and shall be deemed always to have been inserted, namely:-

"(17A) rate on buildings or lands includes any tax imposed on buildings or lands;";

(b) in section 75, for the Explanation at the end, the following Explanation shall be substituted, and shall be deemed always to have been substituted, namely :-

"Explanation.- For the purposes of a rate on buildings or lands, the basis of valuation may be-

(i) the annual letting value;

(ii) the annual value;

(iii) the floor area, in the case of Mills, Factories and buildings and lands connected therewith;

(iv) the capital value, in the case of vacant lands."