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(ii) any gain on the disposal of which would be taken into account in computing income of the company chargeable to tax under Case I of Schedule D;

“relevant foreign currency liability”, in relation to a company, means a liability, not being a relevant monetary item (within the meaning of section 79) which arises from a sum subscribed for paid-up redeemable share capital of the company which is denominated in a currency other than the currency of the State functional currency of the company;

“rate of exchange” has the meaning assigned to it by section 79.

“functional currency” has the same meaning as in section 402;