I move:—
(1) That the duty of customs imposed by Section 21 of the Finance Act, 1935 (No. 28 of 1935), shall, in respect of hydrocarbon oil, chargeable with that duty, be charged, levied and paid, as on and from the 3rd day of May, 1951, at the rate of 1/4 the gallon in lieu of the rate now chargeable by virtue of sub-section (1) of Section 4 of the Finance Act, 1948 (No. 12 of 1948).
(2) That the rebate allowable under sub-section (2) of Section 21 of the Finance Act, 1935, shall, in respect of hydrocarbon oil on which such rebate is allowable, be allowed, as on and from the 3rd day of May, 1951, at the rate of 1/4 the gallon in lieu of the rate now allowable by virtue of sub-section (2) of Section 4 of the Finance Act, 1948.
(3) That the duty of excise imposed by Section 21 of the Finance Act, 1935, shall, in respect of hydrocarbon oil chargeable with that duty, which is sent out, on or for sale or otherwise, from the premises of the manufacturer thereof on or after the 3rd day of May, 1951, or is used by such manufacturer on or after that date for any purpose other than the manufacture or production of hydrocarbon oil, be charged, levied and paid at the rate of 1/2 the gallon in lieu of the rate now chargeable by virtue of sub-section (3) of Section 4 of the Finance Act, 1948.
(4) That the rebate allowable under sub-section (4) of Section 21 of the Finance Act, 1935, shall, in respect of hydrocarbon oil on which such rebate is allowable and on which the excise duty mentioned in paragraph (3) of this Resolution was paid at the rate of 1/2 the gallon, be allowed at the rate of 1/2 the gallon in lieu of the rate now allowable by virtue of sub-section (4) of Section 4 of the Finance Act, 1948.
(5) It is hereby declared that it is expedient in the public interest that this Resolution shall have statutory effect under the provisions of the Provisional Collection of Taxes Act, 1927 (No. 7 of 1927).
