1514
No. 8 of 1921.
STAMP.
Telegraphic transfers.
Calculation of ad valorem duty as regards
(a) such other person is the registered owner of the share in question; or
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(b) such other person was the registered owner of the share in question at some date subsequent to the declaration of the dividend in question; or
(c) such other person is entitled to be paid such dividend under a bona fide declaration of trust in favour of a specified person or firm, or otherwise as a bona fide cestui que trust; or
(d) such other person has bona fide lent money on the security of the share in question and is entitled by the express written terms of the loan agreement to claim such dividend.
(4) For the purposes of this section, notwithstanding any declaration of trust or agreement whatsoever, no unregistered beneficial owner of any share shall be deemed to be entitled as a cestui que trust to be paid any dividend on such share by any previous beneficial owner of such share.
(5) Every person who contravenes any of the provisions of this section shall upon summary conviction be liable to a fine not exceeding one thousand dollars or not exceeding the total amount of the dividend in question, whichever limit be the greater.
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27.-(1) Every person who despatches any money from the Colony on behalf of any other person by telegraphic transfer shall, within two days after the despatch of the money, give to such other person a telegraphic transfer advice in which shall be stated the equivalent in the currency of the Colony of the money so despatched.
(2) Every person who despatches any money from the Colony on behalf of any other person by telegraphic transfer shall be entitled to recover the stamp duty payable in respect of the transaction from the person at whose request the money is despatched.
(3) No general holiday shall be reckoned in the computation of the period of two days specified in sub-section (1).
(4) This section shall not apply to telegraphic transfers in silver currencies from the Colony to China.
28.-(1). Where an instrument is chargeable with ad valorem duty in respect of any money in currency other than the currency of the Colony, the duty shall be calculated on the value, on the
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