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(f) Trade mark and the proportion of goodwill created thereby.

(g) Ship or vessel,

or any part in- terest, share, or property of or in any ship or vessel.

See also:-

Letters Patent Trade Marks.

803

of Ordin- ance No. 8

5. Heading No. 10 (7) in the Schedule to the Stamp Amendment Ordinance, 1921, is amended in the third column by the substitution of the figures and words "10 cents for the first of 1921, $100 or part thereof and 5 cents for every subsequent $100 ding,

Heading or part thereof" for the figures and words "10 cents for every 10 (7). $500 or part thereof.”

6. Heading No. 29 in the Schedule to the Stamp Ordin- ance, 1921, is amended by the insertion of the following sub- heading immediately after sub-heading (6) thereof :----

New 29 (64)

Heading

for Ordin- ance No. 8 of 1921, Schedule.

(6A) Agreement for 10 cents for

ર collateral or auxiliary or ad- ditional or stituted security or for a mortgage to be executed by way of further

every $100

the

or part there-

of sub- of

value of the additional or substituted security

assurance; pro- vided in

every case that the principal secur- ity was duly stamped under sub-heading (1).

Over- embossed.

7 days after execution.

All persons executing.

Objects and Reasons.

1. The object of clause 2 of this Bill is to prevent persons evading the stamp duty on conveyances by only executing contracts for sale which are in many cases, especially in the case of company promotions and reconstructions, found to be as good for all practical purposes as conveyances.

The new section 31A inserted in the principal Ordinance by this clause follows closely the language of section 59 of the Stamp Act, 1891, as amended by section 12 of the Revenue Act, 1909, but United Kingdom Patents, or trade marks and the proportion of goodwill created thereby are mentioned expressly in the exception as they are property under the section (see Benjamin Brooke & Co. v. Commissioners of Inland Revenue,