(1) Trade mark and the proportion of goodwill created thereby.
(g) Ship or vessel, or any part in- terest, share, or property of or in any ship or vessel.
See also:-
Letters Patent Trade Marks.
748
Amendment
of Ordin- ance No. 8 of 1921, Schedule, Heading 10 (7).
New Heading 29 (6A) for Ordin- ance No. 8
of 1921, Schedule.
5. Heading No. 10 (7) in the Schedule to the Stamp Ordinance, 1921, is amended in the third column by the substitution of the figures and words "10 cents for the first $100 or part thereof and 5 cents for every subsequent $100 or part thereof" for the figures and words "10 cents for every $500 or part thereof."
6. Heading No. 29 in the Schedule to the Stamp Ordin- ance, 1921, is amended by the insertion of the following sub- heading immediately after sub-heading (6) thereof:-
(6A) Agreement for 10 cents for Over-
а collateral or auxiliary or ad- ditional or sub- stituted security or for a mortgage to be executed by way of further
pro-
every
the
assurance: vided in case that principal secur- ity was duly stamped under sub-heading (1).
every $100
or part there- of of the value of the additional or substituted security
embossed.
7 days after execution.
All persons executing.
Objects and Reasons.
1. The object of clause 2 of this Bill is to prevent persons evading the stamp duty on conveyances by only executing contracts for sale which are in many cases, especially in the case of company promotions and reconstructions, found to be as good for all practical purposes as conveyances.
The new section 31A inserted in the principal Ordinance by this clause follows closely the language of section 59 of the Stamp Act, 1891, as amended by section 12 of the Revenue Act, 1909, but United Kingdom Patents, or trade marks and the proportion of goodwill created thereby are mentioned expressly in the exception as they are property under the section (see Benjamin Brooke & Co. v. Commissioners of Inland Revenue,