STAMP.
No. 8 of 1921.
2595
(2) Where an instrument contains a statement of the rate of exchange, and is stamped in accordance with that statement, it is, so far as regards the subject-matter of the statement, to be deemed to be duly stamped, unless or until it is shown that the statement is untrue, and that the instrument is in fact insufficiently stamped.
(3) Notwithstanding anything contained in this section, it shall be lawful for the Governor in Council to prescribe by regulation the manner in which the duty is to be calculated or ascertained on any such instrument as is referred to in this section.
29.—(1) Where the consideration, or any part of the consideration, for a conveyance on sale consists of any shares or marketable securities, the conveyance is to be charged with ad valorem duty in respect of the value of the shares or securities on the day of the date of such conveyance.
(2) Where the consideration, or any part of the consideration, for a conveyance on sale consists of any security not being a marketable security, the conveyance is to be charged with ad valorem duty in respect of the amount due on the day of the date thereof for principal and interest upon the security.
30. Where any property is conveyed to any person in consideration, wholly or in part, of any debt due to him, or subject either certainly or contingently to the payment or transfer of any money or shares, whether being or constituting a charge or incumbrance upon the property or not, the debt, money, or shares are to be deemed the whole or part, as the case may be, of the consideration in respect whereof the conveyance is chargeable with ad valorem duty.
31.—(1) Where property contracted to be sold for one consideration for the whole is conveyed to the purchaser in separate parts or parcels by different instruments, the consideration is to be apportioned in such manner as the parties think fit, so that a distinct consideration for each separate part or parcel is set forth in the conveyance relating thereto, and such conveyance is to be charged with ad valorem duty in respect of such distinct consideration.
(2) Where property contracted to be purchased for one consideration for the whole by two or more persons jointly,
STAMP.
No. 8 of 1921.
2595
(2) Where an instrument contains a statement of the rate of exchange, and is stamped in accordance with that state- ment, it is, so far as regards the subject-matter of the statement, to be deemed to be duly stamped, unless or until it is shown that the statement is untrue, and that the instru- ment is in fact insufficiently stamped.
(3) Notwithstanding anything contained in this section, 62 & 63 Vict. it shall be lawful for the Governor in Council to prescribe c. 9, s. 12. by regulation the manner in which the duty is to be cal- culated or ascertained on any such instrument as is referred to in this section.
29.—(1) Where the consideration, or any part of the Calculation of consideration, for a conveyance on sale consists of any ad valorem shares or marketable securities, the conveyance is to be the consid- charged with ad valorem duty in respect of the value of eration the shares or securities on the day of the date of such shares or conveyance.
consists of
securities. 54 & 55 Vict.
(2) Where the consideration, or any part of the considera- c. 39, s. 55. tion, for a conveyance on sale consists of any security not being a marketable security, the conveyance is to be charged with ad valorem duty in respect of the amount due on the day of the date thereof for principal and interest upon the security.
duty where
is in
30. Where any property is conveyed to any person in Calculation of consideration, wholly or in part, of any debt due to him, ad valorem or subject either certainly or contingently to the payment the or transfer of any money or shares, whether being or conveyance constituting a charge or incumbrance upon the property consideration or not, the debt, money, or shares are to be deemed the of a debt, etc., whole or part, as the case may be, of the consideration in 54 & 55 Vict. respect whereof the conveyance is chargeable with ad c. 39, s. 57. valorem duty.
to be charged.
certain
31.-(1) Where property contracted to be sold for one Conveyance consideration for the whole is conveyed to the purchaser duty in in separate parts or parcels by different instruments, the cases.
c. 39, s. 58. consideration is to be apportioned in such manner as the 54 & 55 Vict. parties think fit, so that a distinct consideration for each separate part or parcel is set forth in the conveyance relating thereto, and such conveyance is to be charged with ad valorem duty in respect of such distinct consideration.
(2) Where property contracted to be purchased for one consideration for the whole by two or more persons jointly,
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