1950_STAMP_ORDINANCE — Page 26

HK Historical Laws 香港歷史法例 All AI Reviewed

Stamp.

[CAP. 117

or marketable securities if he fails to comply with the provisions of this section.

c. 8, s. 78 (5).

(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, c. 8, s. 78 (3).

(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, c. 8, s. 77 (2).

c. 8, s. 77 (4).

(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, c. 8, s. 79 (1).

(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 at a future time at a certain price, as it applies to the sale or purchase of any shares or marketable securities, but the stamp duty on such a contract shall be one-half only of that chargeable on a contract note: Provided that, if under the contract a double option is given or taken, the contract shall be deemed to be a separate contract in respect of each option.

c. 8, s. 79 (2).

(7) Any contract note made or executed in pursuance and in consequence of the exercise of an option given or taken under a contract duly stamped in accordance with the provisions of subsection (6) shall be charged with one-half only of the duty which would otherwise have been chargeable thereon under this section, if it bears on its face a certificate by the broker, agent or other person mentioned in subsection (1) to the effect that it is made or executed in the exercise of an option for which a duly stamped contract has been rendered on the date mentioned in the certificate.

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Stamp. [CAP. 117 or marketable securities if he fails to comply with the provisions of this section. c. 8, s. 78 (5). (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, c. 8, s. 78 (3). (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, c. 8, s. 77 (2). c. 8, s. 77 (4). (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, c. 8, s. 79 (1). (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 at a future time at a certain price, as it applies to the sale or purchase of any shares or marketable securities, but the stamp duty on such a contract shall be one-half only of that chargeable on a contract note: Provided that, if under the contract a double option is given or taken, the contract shall be deemed to be a separate contract in respect of each option. c. 8, s. 79 (2). (7) Any contract note made or executed in pursuance and in consequence of the exercise of an option given or taken under a contract duly stamped in accordance with the provisions of subsection (6) shall be charged with one-half only of the duty which would otherwise have been chargeable thereon under this section, if it bears on its face a certificate by the broker, agent or other person mentioned in subsection (1) to the effect that it is made or executed in the exercise of an option for which a duly stamped contract has been rendered on the date mentioned in the certificate. [26] 413

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Stamp. [CAP. 117 or marketable securities if he fails to comply with the provisions of this section. c. 8, s. 78 (5). (3) Any stamp duty on a contract note may be added 10 Edw. 7, to the charge for brokerage or agency and shall be recoverable as part of such charge. (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 market- able 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 transac- tions which would render the contract note chargeable at the highest rate. 10 Edw. 7, c. 8, s. 77 (2). c. 8, s. 77 (4). (5) Where a contract note advises the sale or purchase 10 Edw. 7, 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. c. 8, s. 79 (1). (6) The provisions of this Ordinance as to contract 10 Edw. 7, notes shall apply to any contract under which an option is given or taken to purchase or sell any shares or marketable securities at a future time at a certain price, as it applies to the sale or purchase of any shares or marketable securities, but the stamp duty on such a contract shall be one-half only of that chargeable on a contract note: Provided that, if under the contract a double option is given or taken, the contract shall be deemed to be a separate contract in respect of each option. c. 8, s. 79 (2). (7) Any contract note made or executed in pursuance 10 Edw. 7, and in consequence of the exercise of an option given or taken under a contract duly stamped in accordance with the provisions of subsection of subsection (6) shall be charged with one-half only of the duty which would otherwise have been chargeable thereon under this section, if it bears on its face a certificate by the broker, agent or other person mentioned in subsection (1) to the effect that it is made or executed in the exercise of an option for which a duly stamped contract has been rendered on the date mentioned in the certificate. [26] 413

2026-05-04 00:41:05 · Baseline

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Stamp.

[CAP. 117

or marketable securities if he fails to comply with the provisions of this section.

c. 8, s. 78 (5).

(3) Any stamp duty on a contract note may be added 10 Edw. 7, to the charge for brokerage or agency and shall be recoverable as part of such charge.

(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 market- able 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 transac- tions which would render the contract note chargeable at the highest rate.

10 Edw. 7,

c. 8, s. 77 (2).

c. 8, s. 77 (4).

(5) Where a contract note advises the sale or purchase 10 Edw. 7, 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.

c. 8, s. 79 (1).

(6) The provisions of this Ordinance as to contract 10 Edw. 7, notes shall apply to any contract under which an option is given or taken to purchase or sell any shares or marketable securities at a future time at a certain price, as it applies to the sale or purchase of any shares or marketable securities, but the stamp duty on such a contract shall be one-half only of that chargeable on a contract note: Provided that, if under the contract a double option is given or taken, the contract shall be deemed to be a separate contract in respect of each option.

c. 8, s. 79 (2).

(7) Any contract note made or executed in pursuance 10 Edw. 7, and in consequence of the exercise of an option given or taken under a contract duly stamped in accordance with the provisions of subsection

of subsection (6) shall be charged with one-half only of the duty which would otherwise have been chargeable thereon under this section, if it bears on its face a certificate by the broker, agent or other person mentioned in subsection (1) to the effect that it is made or executed in the exercise of an option for which a duly stamped contract has been rendered on the date mentioned in the certificate.

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