231474-1936-Supplementary-Draft-Bill--Stamp-Amendment — Page 2

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as the case may require, the contract or agreement shall be regarded as duly stamped for the mere purpose of proceedings to enforce specific performance or recover damages for the breach thereof.

(5) Provided also that where any such contract or agree- ment is stamped with the said fixed duty, and a conveyance or transfer made in conformity with the contract or agreement is presented to the Collector for stamping with the ad valorem duty chargeable thereon within the period of six months after the first execution of the contract or agreement, or within such longer period as the Collector may think reasonable in the circumstances of the case, the conveyance or transfer shall be stamped accordingly, and the same, and the said contract or agreement, shall be deemed to be duly stamped. Nothing in this proviso shall alter or affect the provisions as to the stamping of a conveyance or transfer after the execution thereof.

(6) Provided also, that the ad valorem duty paid upon any such contract or agreement shall be returned by the Collector in case the contract or agreement be afterwards rescinded or annulled, or for any other reason be not substantially performed or carried into effect, so as to operate as or be followed by a conveyance or transfer.

ance No. 8

3. Sub-section (1) of section 35 of the Stamp Ordinance, Amendment 1921, as amended by section 3 of the Stamp Amendment of Ordin- Ordinance, 1925, is further amended by the substitution of of 1921, the words "as far as possible" for the words "in all respects" in the fifth line.

s. 35 (1) as amended by Ordin- ance No. 1

of 1925,

s. 3.

Heading

4. The Schedule to the Stamp Ordinance, 1921, is New amended by the insertion of the following heading immediately after heading 3 thereof :-

3A (1) Agreement or contract for the sale of any equit- able estate or in-

$1 for every $100 or part thereof of the amount

terest in any pro- or value of perty whatsoever, the consider-

ation,

Exemption.

Ship or vessel, or any part interest, share, ΟΣ pro- perty of or in

any ship or vessel.

(2) Agreement or $1 for every contract for the $100 or part sale of any estate thereof of the or interest in amount or value of the consideration.

any property.

Exemptions.

(a) Lands, tene- ments, or here- ditaments.

(b) Property local-

ly situate out of the Colony.

(c) Goods, wares, or merchandise.

(d)

or

Stocks marketable secur-

ity.

(e) United King-

dom Patent,

Over- embossed

7 days after execution.

The purchaser.

Over- embossed

7 days after

The purchaser,

execution.

3A for

Ordinance No. 8 of 1921, Schedule.