231582-1936-Supplementary-Bills-read-a-first-time- — Page 5

Amendment of Ordin-

ance No. 8 of 1921,

s. 35 (1)

as amended

by Ordin-

ance No. 1 of 1925, s. 3.

New

Heading 3A for

Ordinance No. 8 of 1921, Schedule.

802

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 any such contract or agreement shall be returned by the Collector in case the contract or agreement be afterwards rescinded or annulled, or for any other reason be not substantially performed or carried into effect, so as to operate as or be followed by a conveyance or transfer.

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

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

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

3A (1) Agreement or contract for the sale of any equit- able estate or in- terest in any pro- perty whatsoever, the consider-

Exemption.

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

ог

(2) Agreement

contract for the sale of any estate or interest in 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.

ation,

$1 for every $100 or part thereof of the amount or value of the consideration.

Over- embossed

Over- embossed

7 days after execution.

The purchaser.

7 days after

execution.

The purchaser.

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