HONG KONG.
No. 20 OF 1935.
I assent.
W. PEEL,
L.S.
Governor.
18th April, 1935.
An Ordinance to amend the Stamp Ordinance, 1921.
[18th April, 1935.]
BE it enacted by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof, as follows: ས་
1. This Ordinance may be cited as the Stamp Amendment Short title. Ordinance, 1935.
of Ordinance
2. Section 3 of the Stamp Ordinance, 1921, is amended Amendment by the insertion of the words "or debenture (being a marketable security)" after the words "any share" in the 1921, s. 3 third line of paragraph (28).
3. The Stamp Ordinance, 1921, is amended by the insertion of the following section immediately after section thereof :-
16
(28).
New section Ordinance
16A for
No. 8 oi 1921.
Effect of
non-com-
case of
16A. Notwithstanding any enactment to the contrary, a bill of exchange which is presented for acceptance, or plianc., with accepted, or payable, outside the Colony shall not be invalid stamp laws by reason only that it is not stamped in accordance with the certain bills provisions of this Ordinance, and any such bill of exchange of exchange. which is unstamped or not properly stamped may be received 23 & 24 in evidence on payment of the proper duty and penalties as s. 42. provided by sections 6 and 16 of this Ordinance.
Geo. 5, c. 19,
4. Section 21 of the Stamp Ordinance, 1921, is amended New sub-
section (2A) by the insertion of the following sub-section immediately after for Ordin- sub-section (2) thereof :-
ance No. 8 of 1921,
(2A) A person who is required under the provisions of s. 21. this section to take out a certificate, and who fails to take out the same, shall be liable civilly to the Collector for the payment of the duty, which, but for such failure, would have been payable.
5. The Stamp Ordinance, 1921, is amended by the New section insertion of the following section immediately after section 25 thereof:-
25A for Ordinance No. 8 of 1921.
of shares
25A. (1) Every instrument under hand only (not being Certain a promissory note or bill of exchange) given upon the occasion mortgages of the deposit of any share warrant or certificate to bearer, to be or foreign or colonial share certificate, or any security for chargeable money transferable by delivery, by way of security for any ments. loan, shall be deemed to be an agreement, and shall be charged Vict. 39, with duty accordingly.
as agree-
54 & 55
s. 23.
7