The provisions of Article 7, paragraph (1) (limited to the part concerning item (ii)) of the Income Tax Act as amended by Article 1 (hereinafter referred to as the "new Income Tax Act" up to Article 10 and in Article 58 of the Supplementary Provisions) apply to income arising from a transfer of Securities made on or after the date on which this Act comes into effect (hereinafter referred to as "the effective date"), and the provisions then in force continue to govern income arising from a transfer of Securities made before the effective date.