Stamp.
Colony comes in the Colony before it is stamped shall, before he presents for payment, or indorses, transfers or in any manner negotiates or pays the bill or note, affix thereto a proper adhesive stamp or proper adhesive stamps of sufficient amount, and cancel every stamp so affixed thereto : Provided as follows-
(a) if at the time when any such bill or note comes into the hands of any bona fide holder there is affixed thereto an adhesive stamp effectually cancelled, the stamp shall, so far as relates to the holder, be deemed to be duly cancelled, although it may not appear to have been affixed or cancelled by the proper person; and
(b) if at the time when any such bill or note comes into the hands of any bona fide holder there is affixed thereto an adhesive stamp not duly cancelled, it shall be competent for 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.
(2) Neither of the foregoing provisos is to relieve any person from any fine or penalty incurred by him for not cancelling an adhesive stamp.
[18]
23. (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.
[19]
[CAP. 117
Bills in sets. c. 39, s. 39.
54 & 55 Vict.
407
Page 20
Page 21
:
Stamp.
Colony comes in the Colony before it is stamped shall, before he presents for payment, or indorses, transfers or in any manner negotiates or pays the bill or note, affix thereto a proper adhesive stamp or proper adhesive stamps of suffì- cient amount, and cancel every stamp so affixed thereto : Provided as follows-
(a) if at the time when any such bill or note comes into the hands of any bona fide holder there is affixed. thereto an adhesive stamp effectually cancelled, the stamp shall, so far as relates to the holder, be deemed to be duly cancelled, although it may not appear to have been affixed or cancelled by the proper person; and
(b) if at the time when any such bill or note comes into the hands of any bona fide holder there is affixed thereto an adhesive stamp not duly cancelled, it shall be competent for 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.
(2) Neither of the foregoing provisos is to relieve any person from any fine or penalty incurred by him for not cancelling an adhesive stamp.
[18]
23. (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.
[19]
[CAP. 117
Bills in sets. c. 39, s. 39.
54 & 55 Vict.
407
Page 20Page 21
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