STAMP.
No. 8 of 1921.
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person from any fine or penalty incurred by him for not cancelling an adhesive stamp.
19.—(1) When a bill of exchange is drawn in a set according to the custom of merchants and one of the set is duly stamped, the other or others of the set shall, unless issued or in some manner negotiated apart from the stamped bill, be exempt from duty; and upon proof of the loss or destruction of a duly stamped bill forming one of a set, any other bill of the set which has not been issued or in any manner negotiated apart from the lost or destroyed bill may, although unstamped, be admitted in evidence to prove the contents of the lost or destroyed bill.
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(2) No bills of exchange in sets shall be stamped in which the words "First and Second or First, Second and Third" are left blank, nor in which the words "Second of the same tenor and date being unpaid" or the like are wholly or partly left blank.
Bills in sets.
54 & 55 Vict. c. 39, s. 39.
20. (1) Every person who issues, indorses, transfers, negotiates, presents for payment or pays any bill of exchange or promissory note chargeable with duty and not being duly stamped shall be deemed to commit an offence against this Ordinance, and the person who takes or receives from any other person any such bill or note either in payment or as a security, or by purchase or otherwise, shall not be entitled to recover thereon or to make the same available for any purpose whatever.
54 & 55 Vict. c. 39, s. 38.
(2) Provided that if any bill of exchange payable on demand or at sight or on presentation is presented for payment unstamped, the person to whom it is presented may affix thereto an adhesive stamp of ten cents and cancel the same as if he had been the drawer of the bill, and may thereupon pay the sum in the bill mentioned and charge the duty in account against the person by whom the bill was drawn or deduct the duty from the said sum, and the bill is, so far as respects the duty, to be deemed valid and available.
(3) But the foregoing proviso is not to relieve any person from any fine or penalty incurred by him in relation to such bill.