S.L. 318.13 Art. 4Calculation of means for the purposes of establishing the contributiondueby a resident.

In the calculation for the purposes of establishing the contribution due by a resident in terms of regulation 3 account shall be taken of:-

(a) the value of any property (excluding the house of residence) which is, or could be, invested or put to profitable use, excluding furniture, jewellery and other personal effects:

Provided that the value of any urban immovable property taken for these purposes shall be treated as providing an annual income equivalent to 5½% of its capital value;

(b) any income derived from cash at a bank, liquid assets, time deposits, bonds, stocks, shares and other securities;

(c) any pension, benefit, social assistance, bonus or allowance whether such pension, benefit, assistance, bonus or allowance are paid under this Act or not;

(d) any other income or privilege which is or could be received or enjoyed by such resident, and for this purpose shall include any income or privilege which the resident had directly or indirectly deprived himself in order to have his contribution due in terms of these regulations assessed at a lower rate.