CO129-469 - Governor Sir Stubbs - 1921 [9-12] — Page 97

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seems convenient to collect in this Ordinance as many as possibl- sible of the amendments which have already been made by regula- tion.

Three sets of regulations have already been made

under the Ordinance.

Some of the se regulations are tempo-

rary and will not be required after the end of this present

Ordinance Others have been worked into this bill, and the in-

year.

tention is to consolidate all the remaining regulations early

next year.

Any regulations which are worked into this

Ordinance have now been repealed.

10.

9. Paragraph (b.) corrects a drafting error in reading To.12.

Paragraph (c.) abandona the system of a double scale for

conveyances, and provides for a duty of $1 per $100 in every

There is reason to believe that the existence of a

scale was taken advantage of for the purpose of evading duty,

though it was impossible in any case to prove that such evasion

was intended.

ouse.

11.

Taragraph (d.) deals with the question of the liability

for stamping exchange contract cancellation notes. "he object

is to impose the liability on the banks, wherever a bank is

concerned. If neither party to the contract is a banker,

the seller will remain liable to put on the stamps, as at present

The liability to see that the stamp duty is paid does not af-

fect the question of the liability for the duty as between the

parties to the contract: see section 72 (4) of the principal

Ordinance, as amended by this Ordinance.

12.

Paragraphs (e), (f.) and (g.)

were made on the 17th June, 1921.

13.

reproduce regulations which

Paragraph (h.) correcte a drafting error in Heading No.33

sub -heading (7).

14.

Paragraph (1.) deletes the word "market" in the sub-heading

relating to the duty on transfer of shares. The reason for