(1)Any pension (other than a pension paid by the Government of
the Protectorate for services rendered to it in the discharge of
governmental functions) and any annuity, derived from sources
within the Protectorate by an individual who is a resident of the
United Kingdom and subject to United Kingdom tax in respect
thereof, shall be exempt from Protectorate tax.
(2) Any pension (other than a pension paid by the Government
of the United Kingdom for services rendered to it in the discharge
of governmental functions) and any annuity, derived from sources
within the United Kingdom by an individual who is a resident of the
Protectorate and subject to Protectorate tax in respect thereof,
shall be exempt from United Kingdom tax.
(3) The term `annuity` means a stated sum payable
periodically at stated times, during life or during a specified or
ascertainable period of time, under an obligation to make the
payments in consideration of money paid.
