CAP. 117]
[s. 14 cont.]
54 & 55 Vict. c. 39, s. 11.
Cheques supplied by authorized banks need not bear stamp.
17 of 1949, s.3.
24 of 1950, Schedule. Stamp.
cents or five cents stamps may be used as adhesive stamps for the purposes of heads 13 and 48 in the Schedule; and
(c) postage stamps of one dollar may be used as adhesive stamps for the purpose of head 33 in the Schedule.
(3) No document shall be stamped with the stamp denoting that it is not chargeable with any duty until it has been stamped with the adjudication fee stamp.
(4) The adjudication fee stamp shall in every case bear the signature or initials of the Collector.
(5) No instrument which has been stamped by special leave given under the provisions of section 19 shall be deemed to be duly stamped unless the Collector's signature appears thereon.
(6) Where the duty with which an instrument is chargeable depends in any manner upon the duty paid upon another instrument, the payment of the last-mentioned duty shall, upon application to the Collector and production of both the instruments, be denoted upon the first-mentioned instrument in such manner as the Collector thinks fit.
(7) The provisions of this section may be rescinded or amended in any way whatsoever by regulations made under the provisions of section 4.
[12]
15. (1) The Financial Secretary may, in his absolute discretion, by an order published in the Gazette authorize any bank doing business in the Colony to compound for the payment of duty on unstamped cheques on the following conditions-
(a) that the said cheques be drawn and issued on forms to be supplied or adopted by the said bank;
(b) that the said bank do levy upon or charge to the person to whom such cheques are issued the stamp duty mentioned in the Schedule;
(c) that the said bank do pay on the 1st day of January and 1st day of July in each year to the Collector the amount due and collected thereon as duties on such unstamped cheques.
(2) Cheques drawn and issued on forms supplied or adopted by such bank in accordance with this section shall
402
Page 15
Page 16
1
CAP. 117]
[s. 14 cont.]
54 & 55 Vict. c. 39, s. 11.
Cheques supplied by authorized banks need not bear stamp.
17 of 1949, s.3.
24 of 1950,
Schedule.
Stamp.
cents or five cents stamps may be used as adhesive stamps for the purposes of heads 13 and 48 in the Schedule; and
(c) postage stamps of one dollar may be used as adhesive stamps for the purpose of head 33 in the Schedule. (3) No document shall be stamped with the stamp denoting that it is not chargeable with any duty until it has been stamped with the adjudication fee stamp.
(4) The adjudication fee stamp shall in every case bear the signature or initials of the Collector.
(5) No instrument which has been stamped by special leave given under the provisions of section 19 shall be deemed to be duly stamped unless the Collector's signature appears
thereon.
(6) Where the duty with which an instrument is chargeable depends in any manner upon the duty paid upon another instrument, the payment of the last-mentioned duty shall, upon application to the Collector and production of both the instruments, be denoted upon the first-mentioned instrument in such manner as the Collector thinks fit.
(7) The provisions of this section may be rescinded or amended in any way whatsoever by regulations made under the provisions of section 4.
[12]
15. (1) The Financial Secretary may, in his absolute discretion, by an order published in the Gazette authorize any bank doing business in the Colony to compound for the payment of duty on unstamped cheques on the following conditions-
(a) that the said cheques be drawn and issued on forms
to be supplied or adopted by the said bank; (b) that the said bank do levy upon or charge to the person to whom such cheques are issued the stamp duty mentioned in the Schedule;
(c) that the said bank do pay on the 1st day of January and 1st day of July in each year to the Collector the amount due and collected thereon as duties on such unstamped cheques.
(2) Cheques drawn and issued on forms supplied or adopted by such bank in accordance with this section shall
402
Page 15Page 16
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