1950_STAMP_ORDINANCE — Page 8

Stamp.

[CAP. 117

amount of stock, or any security, is settled or agreed to

c. 39, s. 122.

be settled in any manner whatsoever; "share" includes any share in any stocks or funds transfer- 54 & 55 Vict.

able at the Bank of England or at the Bank of Ireland, and India promissory notes, and any share or debenture (being a marketable security) in the stocks or funds of any foreign or colonial state or government, or in the capital, stock or funded debt of any county council, corporation, company or society in the United Kingdom or in the Colony, or of any foreign or colonial corpora- tion, company or society;

c. 8, s. 77(3).

"share contract note" means the note sent by a broker or 10 Edw. 7,

agent to his principal, or by any person who by way of business deals, or holds himself out as dealing, as a principal in any shares or marketable securities, advis- ing the principal or the vendor or purchaser, as the case

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may be, of the sale or purchase of any shares or marketable securities.

4.

Regulations.

The Governor in Council may by regulations-- (a) amend any of the provisions of the Schedule: Schedule.

Provided that no such amendment shall have the effect of increasing any stamp duty specified in the Schedule or of imposing any new or additional duty not specified therein;

(b) provide that this Ordinance shall apply to the 46 of 1948, s.2.

New Territories with such adaptations as he shall think fit or that instruments or classes of instruments affecting land in the New Territories or affecting land therein of a particular character or executed for a particular purpose shall bear less stamp duty or a lesser rate of stamp duty than any duty or rate of stamp duty imposed by or under this Ordinance or that any such instrument or class of instrument as aforesaid shall be exempt from stamp duty; (c) impose any obligations, in addition

in addition to those imposed in this Ordinance and in the Schedule, which the Governor in Council may deem advisable in connexion with the payment of stamp duty: Provided that no such obligation shall have the effect of increasing any stamp duty specified in the Schedule or of imposing any new or additional duty not specified therein;

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