Shipping

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..... in the other Contracting State from which it is derived provided that: (a) the income is in respect of any one or more of the first ten fiscal years for which this Convention has effect; (b) the tax chargeable on that income shall be 50 per cent. of the tax which would have been chargeable in the absence of this Convention in respect of the income for the first five fiscal years for which this Con .....

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..... the transport of goods or merchandise. 6. The provisions of this Article shall apply also to income derived from participation in a pool, a joint business or an international operating agency. 7. Gains derived by an enterprise of a Contracting State from the alienation of ships or containers owned and operated by the enterprise shall be taxed only in that State if either the income from the opera .....

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