Amendment status not verified — confirm the current text below against the official source.
(1) The State Government shall pay annually to the Corporation Contribution pay able to of Calcutta the sum of four and a half lakhs of rupees being approximately the the net amount of the taxes derived by the Corporation from the taxation Corporation Ben. Act 111 of motor vehicles under the Calcutta Municipal Act, 1923, for the year of Calcutta. of 1923. ending on the 31st March, 1930, to compensate the said Corporation for the future loss of revenue under this head. (2) The contribution fixed under sub-section (1) shall be paid in such instalments, in such manner and on such dates as the State Government may determine. Ben. Act 1 of