Preamble, The Tonkolili and J\!Iarampa Short title and com- Supplementary Agreement (1956) Ratification Ordinance, 1956, mencement

6 of 1956. 12 of 1956. Preamble. Cap. 202. Cap. 203. Cap. 204. Cap. 273. Cap. 205] Tonkolili .Agreement (1956) CHAPTER 205. TONKOLILI AND MARAMPA SUPPLEMENTARY AGREEMENT (1956) RATIFICATION. An Ordinance to Ratify and Confirm an Agreement supplementary to certain Agreements made for and on behalf of the Government of Sierra Leone, of the one Part, and by the Sierra Leone Deve1opment Company Limited, of the other Part, to regulate the Mining of the Iron Ore Deposits and other Minerals and Metals in the Marampa and Tonkolili Areas of the Protectorate. [10TH FEBRUARY, 1956.] WHEREAS certain Indentures and Agreements were made for and on behalf of the Government of Sierra Leone (hereinafter referred to as the Government) of the one part and by the Sierra Leone Development Company Limited (hereinafter referred to as the Company) of the other part, which Indentmes and Agreements are specified in the Schedule to the Agreement set out in the Schedule to this Ordinance and numbered (1) to (6) inclusive therein: AND WHEREAS a Memorandum of Agreement was made between the same parties, which Memorandum of Agreement is specified in the Schedule to the Agreement set out in the Schedule to this Ordinance and numbered (7) therein: AND WHEREAS, of the aforesaid Indentures and Agreements and Memorandum of Agreement, the Agreements and the Memorandum of Agreement were ratified and confirmed by the Tonkolili Agreement Ordinance, the Tonkolili (Supplementary) Agreement Ordinance, and the Tonkolili Supplementary Agreements (1947) Ra ti:fica tion Ordinance, 1948 : AND WHEREAS the Company in pursuance of certain of the aforesaid Indentures and Agreements became liable (inter alia) for the payment of income tax in Sierra Leone under the provisions of the Income Tax Ordinance, as amended from time to time, so however that the Company would not thereby become liable to pay more in the aggregate by way of taxation in Sierra Leone and the United Kingdom respectively than the Company would have been liable to pay had the aforesaid Indentures and Agreements not been made: Tonkolili Agreement (1956) [Cap. 205 AND WHEREAS by section 32c of the Income Tax Ordinance, * as inserted by the Income Tax (Amendment) Ordinance, 1946 to 1948, the income tax payable by the Company was reduced by the amount of tax or duty payable under section 35 of the Cap. 121. Concessions Ordinance and by the amount of Tonkolili profit t tax as defined in the said section 32c: AND WHEREAS the Company has agreed to further amendments of the aforesaid Indentures and Agreements so as to become liable for the payment of income tax as aforesaid and, in addition, for the payment of an Iron Ore Concessions Tax upon the income derived from the Company's operations in Sierra Leone, subject to certain conditions: AND WHEREAS the amendments and conditions aforesaid are contained in an Agreement made on the tenth day of February, 1956, between the Crown Agents for and on behalf of the Government and the Company, which Agreement is set out in the Schedule hereto: AND WHEREAS it is desirable that the Agreement set out in the Schedule hereto should be ratified and confirmed and should be given the force of law, any law to the contrary notwithstanding: Now, THEREFORE, BE IT ENACTED by the Governor of Sierra Leone, with the advice and consent of the Legislative Council thereof, as follows-