I move:—
(1) That the duty on bets imposed by Section 24 of the Finance Act, 1926 (No. 35 of 1926), shall (subject and without prejudice to the provisions of Section 20 of the Finance Act, 1931 (No. 31 of 1931) be charged, levied and paid on bets entered into on or after the 1st day of July, 1956, at the rate of 10 per cent. of the amount of the bet in lieu of the rate of 7½ per cent. mentioned in Section 18 of the Finance Act of 1941 (No. 14 of 1941).
(2) 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).
