1978-HKRS28-16-26_Part02 — Page 4

Amendment of Lection 5.

3.

2

Section 5(2) of the principal Ordinance is amended by deleting **19, 21, 22 and 24" and substituting "19 and 21".

Amctdrogg of Section 64.

4.

Arbendment of teccion 123.

Amendmen DĚ section 13.

Amendrasat of kecdon 14.

Kepeal of

adolion 15. 13A and 13E.

Repeal of

Suction 20,

Amendment of

scesion $1.

Repel of

23 and 24.

Regent of Koudon 26

Repeat at

sezon 29.

Repeal of

Jocoa $.

Amendrason of sezon 37.

Repeal of Sections 37A, 39 and 39.

Section 6A of the principal Ordinance is amended-

(a) in subsection (1) by deleting "property" wherever it occurs and

substituting "immovable property"";

(b) by deleting subsection (2).

5, Section 128 of the principal Ordinance is amended by deleting "land" wherever it occurs and substituting "immovable property".

16.

Secting 13(4) of the principal Ordinance is amended by deleting "sections 19, 22 and 24" and substituting "section 19".

7. Section 14 of the principal Ordinance is amended by deleting

mended subsection (2) and substituting the following-

"(2) Postage stamps shall not be used for the purpose of paying any slamp duty under this Ordinance except that postage stamps of any denomination which are over-printed by direction of the Governor with the words "contract note" may be used as adhesive stamps for the purposes of head 18A(1) in the Schedule.".

Sections 15, 15A and ISE of the principal Ordinance are repealed.

9. Section 20 of the principal Ordinance is repealed.

10. Section 21(1) of the principal Ordinance is amended by deleting oot being a bill of exchange or a promissory note,”.

11. Sections 22, 23 and 24 of the principal Ordinance are repealed.

12. Section 26 of the principal Ordinance is repealed.

13. Section 29 of the principal Ordinance is repeated.

14. Section 32 of the principal Ordinance is repealed.

15. Section 37 of the principal Ordinance is amended- (a) by deleting subsection (1) and substituting the following-

"(1) Any contract or agreement for the sale of any equitable estate or interest in any immovable property shall be charged with the same ad valorem duty, to be paid by the purchaser, as if it were on actual conveyance on sale of the estate or interest.":

(b) in subsection (2) by deleting "except where appropriate with the

fixed duty of $202;

(c) in subsection (5) by deleting any such contract or agreement is stamped with a fixed duty of $20 or would, apart from this section, not be chargeable with any duty, and".

16. Sections 37A, 38 and 39 of the principal Ordinance are repealed.

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17. Section 40(4) of the principal Ordinanco is amended- (a) by deleting paragraphs. (8), (d) and (0:

(b) in paragraph (A) by deleting the semicolon and substituting a

full stop.

18. The Schedule to the principal Ordinance is amended-

(a) by deleting heads 6, 8, 11(1), 11() to 1907), 14(1), 14(2), 18, 20 to 24, 27, 29, 32(1) to 37(11), 41, 43, 45 to 47, 48(4), 50 and $2(3);

(6) in bead

O by deleting "any properly whatsoever" and substitutiog "immovable properly":

(ii) by deleting the exemption thereto;

(3) In head 18A(1) by deleting "54" and substituting "$3":

(₫) in head 1901) by deleting "of land":

(e) in head 444-

() by deleting the following-

"60 By way of security.

() by deleting the following-

"(iv) In any other case not

otherwise specifically

charged with duty.

See mortgage.*;

(a) $20.

(b) 30 days after execution.

(2) Every person executing.".

() in head 48(1) by deleting "$3" and substituting "$6";

(e) in head 5300) by deleting "land" wherever it occurs and sub-

stituting "immovable properly",

(5) in head 53(2) by deleting "land or other property" wherever they

occur and substituting "immovable properly";

(0 by deleting the entries "AGREEMENT OR CONTRACT scoom- panied by a deposit: See Mortgage.", "ATTORNEY, letter or power of: See power of Attorney."", "ÁVERAGE: See Bond.", "BANK CHEQUE: See Bill of Exchange.", "BILLS OF EXCHANGE (including cheques, circular notes, letters of credit, See and travellors cheques) and promissory notes, as beneath. s. 23 as to bills in "sets.", "BILL OF SALE, absolute and by way of security, see Conveyance and 'Mortgage.", "BOND as beneath." "BOND: See Mortgage.* "COVENANT: See Mortgage. "DEBENTURE: See "Mortgage.", "LETTER OF ATTORNEY: See Power of Attorney.", “MÖRTGAGE, BOND, DEBENTURE, COVENANT (except a marketable security otherwise specifically charged with duty) and WARRANT OF ATTORNEY to confess and enter up judgment, as beneath.", "PROMISSORY NOTE: See Bill of exchange (6)" and "WARRANT OF ATTORNEY: Sec Mortgage.".

**

**

Amendment of

seedon 40.

Anandfrael of Schedule

CONSEQUISA KRAJ

19. (1) The enactments specified in the first column of the Schedule hereto are amended to the extent indicated in the second columo thereof, amendments,

(2) The Stamp (Bank Authorization) Order is revoked.

Schedale.

(p. 157. sub. (en)

20. (1) Nothing in this Ordinance shall be construed as relieving any saving. person in respect of any liability for the payment of stamp duty on any