4. Amendment of section 9 of the principal enactment

Section 9 of the principal enactment as amended by

Act, No. 10 of 2007, is hereby further amended as follows:—

(1)

by the substitution in paragraph (h) of that section, for the words and figures “or any bank established under the Regional Development Banks

Act, No. 6 of 1997”, of the words and figures “or any bank established under the Regional Development

Banks Act, No. 6 of 1997 or any registered society within the meaning of the Co-operative Societies

Law, No. 5 of 1972;”;

Act, No. 9 of 2008

(2)

in paragraph (k) of that section, by the substitution for the words “External Rupee Account.”, of the words “External Rupee Account;”; and

(3)

by the addition immediately after paragraph (k) of that section, of the following new paragraphs:—

“(l)

the interest or discount arising or accruing to any non-resident citizen of Sri Lanka, from the purchase of any Motherland Development

Bond denominated in foreing currency and issued by or on behalf of the Government of

Sri Lanka;

(m)

the interest accruing or arising on or after

April 1, 2008, from any investment made outside Sri Lanka to any person resident in

Sri Lanka, where such interest is remitted to

Sri Lanka through a bank.”.