STAMP.
No. 8 of 1921.
2593
(3) Every vote given or tendered under the authority or by means of any such letter or power of attorney which is not duly stamped shall be absolutely null and void.
54 & 55 Vict. c. 39, s. 103.
25. Every person who refuses to give a duly stamped receipt in any case where a receipt would be chargeable with stamp duty shall be deemed to commit an offence against this Ordinance.
notes.
26. (1) Every person who effects any sale or purchase of any shares or marketable securities as a broker or agent, and every person who by way of business deals or holds himself out as dealing as a principal in any shares or marketable securities, shall forthwith make and execute a contract note, and transmit the note to his principal, or to the vendor or purchaser of the shares or marketable securities, as the case may be.
(2) No broker, agent, or other person shall have any legal claim to any charge for brokerage, commission, or agency, with reference to the sale or purchase of any shares or marketable securities, if he fails to comply with the provisions of this section.
10 Edw. 7 & 1 Geo. 5, c. 8, s. 78 (3).
(3) Any stamp duty on a contract note may be added to the charge for brokerage or agency, and shall be recoverable as part of such charge.
10 Edw. 7 & 1 Geo. 5, c. 8, s. 78 (5).
(4) Where a contract note is a continuation or carrying over note made for the purpose of continuing or carrying over any transaction for the sale or purchase of shares or marketable securities, the contract note, although it is made in respect of both a sale and purchase, shall be charged with duty under this section as if it related to one of those transactions only, and, if different rates of duty are chargeable in respect of those transactions, to that one of those transactions which would render the contract note chargeable at the highest rate.
10 Edw. 7 & 1 Geo. 5, c. 8, s. 72 (2).
(5) Where a contract note advises the sale or purchase of more than one description of share or marketable security, the note shall be deemed to be as many contract notes as there are descriptions of shares or securities sold or purchased.
10 Edw. 7 & 1 Geo. 5, c. 8, s. 77 (4).
(6) The provisions of this Ordinance as to contract notes shall apply to any contract under which an option is given or taken to purchase or sell any shares or marketable securities.
* As amended by Law Rev. Ord., 1924.
10 Edw. 7 & 1 Geo. 5, c. 8, s. 79 (1).
STAMP.
No. 8 of 1921.
2593
(3) Every vote given or tendered under the authority or by means of any such letter or power of attorney which is not duly stamped shall be absolutely null and void.
54 & 55
25. Every person who refuses to give a duly stamped Refusal to receipt in any case where a receipt would be chargeable g 56 Vict. with stamp duty shall be deemed to commit an offence c. 39, s. 103. against this Ordinance.
notes.
26. (1) Every person who effects any sale or purchase Share contract of any shares or marketable securities as a broker or agent, 10 Edw. 7 & and every person who by way of business deals or holds 1 Geo. 5, c. 8, himself out as dealing as a principal in any shares or market- s. 78 (1). able securities, shall forthwith make and execute a contract note, and transmit the note to his principal, or to the vendor or purchaser of the shares or marketable securities, as the case may be.
(2) No broker, agent, or other person shall have any legal claim to any charge for brokerage, commission, or agency, with reference to the sale or purchase of any shares or marketable securities, if he fails to comply with the provisions of this section.
10 Edw. 7
& 1 Geo. 5,
8, 78 (3).
& 1 Geo. 5,
C.
(3) Any stamp duty on a contract note may be added to 10 Edw. 7 the charge for brokerage or agency, and shall be recoverable & 1 Geo. 5,
c. 8, s. 78 (5), as part of such charge.
(4) Where a contract note is a continuation or carrying 10 Edw. 7 over note made for the purpose of continuing or carrying &8,172). over any transaction for the sale or purchase of shares or marketable securities, the contract note, although it is made in respect of both a sale and purchase, shall be charged with duty under this section as if it related to one of those transac- tions only, and, if different rates of duty are chargeable in respect of those transactions, to that one of those transactions which would render the contract note chargeable at the highest rate.
(5) Where a contract note advises the sale or purchase of 10 Edw. 7 more than one description of share or marketable security, & 1 Geo. 5,
c. 8, s. 77 (4). the note shall be deemed to be as many contract notes as there are descriptions of shares or securities sold or purchased.
(6) The provisions of this Ordinance as to contract notes 10 Edw. 7 shall apply to any contract under which an option is given & 1 Geo. 5, or taken to purchase or sell any shares or marketable
* As amended by Law Rev. Ord., 1924.
c. 8, s. 79 (1).
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