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REVENUE ACT 1903 - SECT 7

Reduction of stamp duty in the case of substituted securities.

7. The whole amount of duty payable under or by reference to paragraph (2) of
the heading "Mortgage, Bond, Debenture, Covenant and Warrant of Attorney" in
the First Schedule to the Stamp Act, 1891, on any instrument being a
collateral or auxiliary or additional or substituted security or by way of
further assurance, shall not exceed [50p].

S.8 rep. by 1959 c.9 (NI) s.17(2) sch.3 Pt.II. S.9 rep. by SLR 1927
Part IIIS.10 rep. by 1918 c.40 s.238 sch.7. S.11 rep. by 1924 c.21 s.41(4)
sch.3. S.12 rep. by SLR 1950. S.13 rep. by 1918 c.40 s.238 sch.7

S.14 rep. with saving by 1946 c.17 (NI) s.33 sch.6 Pt.II. S.15 rep. by 1929
c.29 s.36 sch.2 Pt.I


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© 1903 Crown Copyright

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