STAMP.
No. 8 of 1921.
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the holder to cancel the stamp as if he were the person by whom it was affixed, and upon his so doing the bill or note shall be deemed duly stamped, and as valid and available as if the stamp had been cancelled by the person by whom it was affixed.
(3) But neither of the foregoing provisos is to relieve any person from any fine or penalty incurred by him for not cancelling an adhesive stamp.
19.--(1) When a bill of exchange is drawn in a set according to the custom of merchants, and one of the set is duly stamped, the other or others of the set shall, unless issued or in some manner negotiated apart from the stamped bill, be exempt from duty; and upon proof of the loss or destruction of a duly stamped bill forming one of a set, any other bill of the set which has not been issued or in any manner negotiated apart from the lost or destroyed bill may, although unstamped, be admitted in evidence to prove the contents of the lost or destroyed bill.
(2) No bills of exchange in sets shall be stamped in which the words "First" and "Second", or "First", "Second" and "Third" are left blank, nor in which the words "Second of the same tenor and date being unpaid" or the like, are wholly or partly left blank.
Bills in sets.
54 & 55 Vict. c. 39, s. 39.
issuing, etc., bill or note.
20.(1) Every person who issues, indorses, transfers, negotiates, presents for payment, or pays any bill of exchange or promissory note chargeable with duty and not being duly stamped shall be deemed to commit an offence against this Ordinance, and the person who takes or receives from any other person any such bill or note either in payment or as a security, or by purchase or otherwise, shall not be entitled to recover thereon, or to make the same available for any purpose whatever.
(2) Provided that if any bill of exchange payable on demand or at sight or on presentation is presented for payment unstamped, the person to whom it is presented may affix thereto an adhesive stamp of ten cents, and cancel the same, as if he had been the drawer of the bill, and may thereupon pay the sum in the bill mentioned, and charge the duty in account against the person by whom the bill was drawn, or deduct the duty from the said sum, and the bill is, so far as respects the duty, to be deemed valid and available.
STAMP.
No. 8 of 1921.
2589
the holder to cancel the stamp as if he were the person by whom it was affixed, and upon his so doing the bill or note shall be deemed duly stamped, and as valid and available as if the stamp had been cancelled by the person by whom it was affixed.
(3) But neither of the foregoing provisos is to relieve any person from any fine or penalty incurred by him for not can- celling an adhesive stamp.
19.--(1) When a bill of exchange is drawn in a set accord- ing to the custom of merchants, and one of the set is duly stamped, the other or others of the set shall, unless issued or in some manner negotiated apart from the stamped bill, be exempt from duty; and upon proof of the loss or destruction of a duly stamped bill forming one of a set, any other bill of the set which has not been issued or in any manner negotiated apart from the lost or destroyed bill may, although unstamped, be admitted in evidence to prove the contents of the lost or destroyed bill.
(2) No bills of exchange in sets shall be stamped in which the words "First" and "Second", or "First"; "Second" and "Third" are left blank, nor in which the words Second of the same tenor and date being unpaid" or the like, are wholly or partly left blank.
Bills in sets.
54 & 55 Vict.
C.
39, s. 39.
issuing, etc.,
bill or note.
20(1) Every person who issues, indorses, transfers, Penalty for negotiates, presents for payment, or pays any bill of any exchange or promissory note chargeable with duty and not unstamped being duly stamped shall be deemed to commit an offence 51 & 55 Vict. against this Ordinance, and the person who takes or receives c. 39, s. 38. from any other person any such bill or note either in pay- ment or as a security, or by purchase or otherwise, shall not be entitled to recover thereon, or to make the same available for any purpose whatever.
(2) Provided that if any bill of exchange payable on demand or at sight or on presentation is presented for pay- ment unstamped, the person to whom it is presented may affix thereto an adhesive stamp of ten cents, and cancel the same, as if he had been the drawer of the bill, and may thereupon pay the sum in the bill mentioned, and charge the duty in account against the person by whom the bill was drawn, or deduct the duty from the said sum, and the bill is, so far as respects the duty, to be deemed valid and available.
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