Amendment of section 129,
Amendment of section 14.
Repeal of
sections 15B,
15C and 15D.
Amendment of section 159.
Amendment of section 25.
Repeal of section 28.
Amendmcal Of
section 29.
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"charter party":
"godown warrant";
"life policy":
"marine policy"; and
"receipt""
*
3. Section 12B(2) of the principal Ordinance is amended by deleting "forty thousand dollars" and substituting the following-
*$150,000"
4. Section 14(2) of the principal Ordinance is amended-
(a) in paragraph (6)–—–
() by deleting "heads 11 and 44" and substituting the following-
"head 11: and
(ii) by substituting a full stop for the semicolon; and
(6) by deleting paragraphs (c) and (d).
5. Sections 15B. 15C and 15D of the principal Ordinance are repealed.
6. Section 15E(1) of the principal Ordinance is amended by deleting "15B. 15C or 15D".
* Section 25(1) of the principal Ordinance is amended-
(a) by deleting ". pharmaceutical chemist or auditor on the current authorized list published under subsection (3) of section 131 of the Companies Ordinance” and substitul- ing the following-
"or pharmaceutical chemist";
(b) by substituting a full stop for the colon; and
(c) by deleting the proviso.
5.
Section 28 of the principal Ordinance is repealed.
9. Section 29 of the principal Ordinance is amended in subsections (1) and (2) by deleting "deemed to be an agreement and shall be charged with duty accordingly" and substituting the following-
"exempt from duty”.
r
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10. Section 37 of the principal Ordinance is amended-
(a) in subsection (2), by deleting "and in any other case with the fixed duty of twenty dollars or three dollars, as the case may require" and substituting the following-
(b)
(c)
"but shall not otherwise be chargeable except where appropriate with the fixed duty of twenty dollars"; by deleting subsection (4); and
in subsection (5), by deleting "Provided also that where any such contract or agreement is stamped with the said fixed duty" and substituting the following-
"Provided that where any such contract or agreement ja stamped with a fixed duty of twenty dollars or would, apart from this section, not be chargeable with any duty".
11. Section 43 of the principal Ordinance is repealed.
12. The Schedule to the principal Ordinance is amended— (a) by deleting beads 2, 3, 4, 9, 12, 16, 30, 31, 34, 38, 39,
42, 44 and 49;
(b) by deleting, beneath head 7, "Letter of Hypothecation.
and":
(c) by deleting, beneath head 8. "ASSURANCE: See Policy
of Insurance.":
(d) in head 18A, by deleting "20 cents for every $100" and
substituting the following-
"$4 for every $1,000";
(e) in head 19(1)-
(1) by deleting "$20,000" in each place it occurs and substituting the following-
**$75,000":
(ii) by deleting “$20,180” in each place it occurs and substituting the following-
**$75,730":
(iii) by deleting "$40,000" in each place it occurs and substituting the following-
"'$150,000":
(iv) by deleting "$180" and substituting the follow- ing-
"$730":
Amendment of section 37.
Repeal of section 43.
Amendment of Schedule.