221642-1935-Supplementary-Stamp-Amendment — Page 3

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not comply with the stamp laws; if unstamped, or not properly stamped, it may be received in evidence on payment of the proper duties and penalty under sections 6 and 16 of the principal Ordinance.

3. Section 4 of this Ordinance adds a sub-section to section 21 of the principal Ordinance imposing civil liability for the duty on persons required to take out certificates to practise. It is similar to the civil liability imposed on other persons by section 5 (5) of the principal Ordinance.

4. Section 5 inserts a new section 25A in the principal Ordinance in order to incorporate the provisions of section 23 of the Stamp Act, 1891. The new section follows that section except that in sub-section (1) the word "stock" is omitted and in sub-section (2) the word "share" is substituted for "stock". These variations from the model are due to the fact that section 3 (28) of the principal Ordinance gives to "share" the definition which section 122 of the Stamp Act, 1891, gives to "stock". The effect of the amendment will be that instruments under hand (not being promissory notes or bills of exchange) given upon the deposit of shares transferable by delivery, by way of security for a loan will be charged with the stamp duty of $1 as Agreements under heading No. 3 in the Schedule to the principal Ordinance.

5. Section 6 adds a new heading No. 14B to the Schedule to the principal Ordinance imposing on Cashier orders, if passed through a bank other than the bank of issue, a stamp duty of 10 cents similar to the duty payable under heading 144 (as amended by section 5 of Ordinance No. 30 of 1930) on Compradore orders, if passed through a bank.

6. Sections 7 and 8 amend Headings Nos. 15 and 29 (4) in the Schedule to the principal Ordinance by substituting references to shares and mortgages for references to market- able securities. The effect of these amendments will be that transfers of debentures which are marketable securities will in future be charged 20 cents for every $100 under Heading No. 40 (1) instead of as hitherto 10 cents for every $100 under Heading No. 29 (4) in the Schedule to the principal Ordinance.

7. Section 9 amends Heading No. 33 (2) in the Schedule to the principal Ordinance by raising from 5 cents to 10 cents the duty on renewal receipts of Life policies and by granting exemption from the duty where the amounts for which receipts are given do not exceed $20. These amendments bring Heading No. 33 (2) into line with Heading No. 36 (a) as amended by section 9 of Ordinance No. 30 of 1930.

April, 1935.

C. G. ALABASTER,

Attorney General.