568552-1929-Supplementary-Draft-Bill---Stamp-Amendment — Page 2

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tered owner of the share in question at some date subsequent to the declaration of the divid- end in question, or (c) such person is entitled to be paid such dividend under a bona fide declaration of trust in favour of a specified person or firm, or otherwise as a bona fide cestui que trast, or (d) such person has bona fide lent money on the security of the share in question and is entitled by the express written terms of the loan agreement to claim such dividend.

(2) No person shall, orally or in writing demand or request, or accept, directly or in- directly, payment of any dividend, or of the amount or valne of any dividend, which under the provisions of sub-section (1) he is not entitled to claim.

(3) No person shall, directly or indirectly, pay any dividend, or the amount or value of any dividend, on any share on a share register which is by law required to be kept within the Colony, to any other person unless (a) such other person is the registered owner of the share in question, or (b) such other person was the registered owner of the share in question at some date subsequent to the declaration of the dividend in question, or (c) such other person is entitled to be paid such dividend under a bona fide declaration of trust in favour of a specified person or firm, or otherwise as a bona fide cestui que trust, or (d) such other person has bona fide lent money on the security of the share in question and is entitled by the express written terms of the loan agreement to claim such dividend.

(4) For the purposes of this section, notwith- standing any declaration of trust or agreement whatsoever, no unregistered beneficial owner of any share shall be deemed to be entitled as a cestui que trust to be paid any dividend on such share by any previons registered owner of such share.

(5) Every person who contravenes any of the provisions of this section shall upon sum- mary conviction be liable to a fine not exceed- ing one thousand dollars or not exceeding the total amount of the dividend in question, which- ever limit be the greater.

7. The following heading is inserted in the Schedule to Insertion the Stamp Ordinance, 1921, immediately after Heading of new No. 5:

5A. | Apprentice- $1. over-

ship, instru- ment of.

embossed.

7 days after The person to execution. i whom the ap. prentice be- comes bound.

Heading No. 5A in Ordinance

No. 8 of 1921, Schedule.

8. Heading No. 16 in the Schedule to the Stamp Ordi- Amendment nance, 1921, is amended by the addition of the following of Ordinance words immediately after the word "settlement" in the No. 8 of 1921,

second column thereof:

", including any acknowledgment in writing, by recital or otherwise, of a trust, not being a trust created by a will, in respect of which no instrument has been duly stamped as a declara- tion of a trust or as a settlement".

Schedulo, Heading

No. 16.

9. Heading No 21 in the Schedule to the Stamp Ordi- Amendment nance, 1921, is amended by the deletion of all the words of Ordinance in the third column and by the substitution therefor of the No. 8 of following

"$1 for every $100 or part thereof."

1921, Schedule, Hearing

No. 21.