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The Gazette of India

EXTRAORDINARY

PART I—Section I

PUBLISHED BY AUTHORITY

No. 155] NEW DELHI, SATURDAY, NOVEMBER 6,1965/KARTIKA 15, 1887

Separate paging is given to this Part in order that it may be filed as a separate compilation.

MINISTRY OF FINANCE

(Department of Economic Affairs)

NOTIFICATION

New Delhi, the 6th November 1965

No. F.4(29)-W&M/65-—The Central Government hereby makes the following amendments to the Notification of the Government of India in the Ministry of Finance No. F. 4(29)-W&M/65. dated the 19th October, 1965 relating to the issue of the National Defence Gold Bonds, 1980, namely: —

In the said Notification—

(i) for paragraph 3, the following paragraph shall be substituted, namely: —

"ISSUE OF BONDS AND ANNUAL PAYMENTS: —

(a) The Gold Bonds to be issued will state the weight of gold of .995 fineness as determined after assay of the lender. "The weight will be correct to the nearest gramme.

(b) The holders of the Bonds will receive on annual payment at the rateof Rs. 2.00 per annum per 10 grammes of gold of .995 fineness, as shown in the Bonds. The payment will be made on the 27th of October each year, the first payment being for the Period from the date of issue of the Bonds to the 26th of October 1966, inclusive. ( 1351)

Rs. 3.00 per 10 grammes of ffWd of .995 fineness as compensation for the charges incurred for making the ornaments. The payment will be made in cash at the time of issue of the Bonds. The receipt for the subscription will indicate the form in which the go'd has been tendered.";

(ii> for paragraph 4, the following paragraph shall be substituted, jiamely: —

"INCOME TAX:—The payments referred to in paragraph 3(b) and (c) above will be free of income tax under the Income-tax Act, 1961."; and

(iii) for¹ paragraph 8, the following paragraph shall bt; -substituted, namely: —

"APPLICATIONS FOR THE BONDS:- Applications for the Bonds will be re- ceived at—

(a) Offices of the Reserve Bank of Indiu at Bangalore, Bombay, Calcutta,

Madras, Nagpur and New Delhi;

(b) All Branches of the State Bank of India in India; and (e) All Branches of the subsidiary banks of the State Bank of India except the State Bank of Mysore at Anandapuram.

NOTE 1.—Branches of the State Bank of India and of its subsidiary banks at Bangalore, Bombay, Calcutta, Madras, Nagpur and New Delhi will receive appli- cations only from the Bth November, 1965.

KtoTE 2.—Branches of the subsidiary banks of the State Bank of India other than those conducting Government treasury business, and those mentioned in Note 1, will receive applications only from the 15th November, 1965.

NOTE 3.—Branches of the State Bank of India at places where Government treasury business is conducted by its subsidiary banks wiU receive applications only from the 15th November, 1065."

By order of the President,

A. R. SHIRALI, Joint Secy.