Stamp.
registered beneficial owner of any share shall be deemed to be entitled as a cestui que trust to be paid any dividend on such share by any previous beneficial owner of such share.
(5) Any person who contravenes any of the provisions of this section shall upon summary conviction be liable to a fine of one thousand dollars or of the total amount of the dividend in question, whichever limit be the greater. [26A]
[CAP. 117
transfers.
33. (1) Any person who despatches any money from the Colony on behalf of any other person by telegraphic transfer shall, within two days after the despatch of the money, give to such other person a telegraphic transfer advice in which shall be stated the equivalent in the currency of the Colony of the money so despatched.
(2) Any person who despatches any money from the Colony on behalf of any other person by telegraphic transfer shall be entitled to recover the stamp duty payable in respect of the transaction from the person at whose request the money is despatched.
(3) This section shall not apply to telegraphic transfers in silver currencies from the Colony to China.
[27]
34. (1) Where an instrument is chargeable with ad valorem duty in respect of any money in currency other than the currency of the Colony, the duty shall be calculated on the value, on the day of the date of the instrument, of the money in the currency of the Colony according to the current demand rate of exchange.
(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.
Ad valorem duty as regards currency.
54 & 55 Vict. c. 39, s. 6.
(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.
62 & 63 Vict. c. 9, s. 12.
[28]
415
Stamp.
registered beneficial owner of any share shall be deemed to be entitled as a cestui que trust to be paid any dividend on such share by any previous beneficial owner of such share.
(5) Any person who contravenes any of the provisions. of this section shall upon summary conviction be liable to a fine of one thousand dollars or of the total amount of the dividend in question, whichever limit be the greater. [26A]
[CAP. 117
transfers.
33. (1) Any person who despatches any money from Telegraphic the Colony on behalf of any other person by telegraphic transfer shall, within two days after the despatch of the money, give to such other person a telegraphic transfer advice in which shall be stated the equivalent in the currency of the Colony of the money so despatched.
(2) Any person who despatches any money from the Colony on behalf of any other person by telegraphic transfer shall be entitled to recover the stamp duty payable in respect of the transaction from the person at whose request the money is despatched.
(3) This section shall not apply to telegraphic transfers in silver currencies from the Colony to China.
[27]
34. (1) Where an instrument is chargeable with ad valorem duty in respect of any money in currency other than the currency of the Colony, the duty shall be calculated on the value, on the day of the date of the instrument, of the money in the currency of the Colony according to the current demand rate of exchange.
(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 instru- ment is in fact insufficiently stamped.
Ad
valorem duty
as regards currency.
foreign
54 & 55 Vict. c. 39, s. 6.
(3) Notwithstanding anything contained in this section, [ef. 62 & 63 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.
Vict. c. 9,
s. 12.]
[28]
415
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