First Previous (PART I. Customs Duties.)

5 1929

FINANCE (CUSTOMS AND STAMP DUTIES) ACT, 1929

PART II.

Stamp Duties and General.

Exemption from certain stamp duties.

5. —(1) No stamp duty shall be chargeable or payable on any debenture stock or any certificate of charge issued by the Agricultural Credit Corporation, Limited, nor on any deed of trust, transfer, submortgage or other instrument executed by the Agricultural Credit Corporation, Limited, for securing directly or indirectly the payment of the moneys secured by any such debenture or debenture stock or any such certificate of charge.

(2) No stamp duty shall be chargeable or payable on any power of attorney executed solely for or for the purpose of a transfer of shares of The Agricultural Credit Corporation, Limited, or of debentures, debenture stock, or certificates of charge issued by The Agricultural Credit Corporation, Limited.

(3) In the event of the capital of the Agricultural Credit Corporation, Limited, being increased at any time after the passing of this Act, no stamp duty shall be chargeable or payable on or in respect of such increase of capital.

(4) In this section the expression “certificate of charge” has the same meaning as it has in the Agricultural Credit Act, 1927 (No. 24 of 1927).

Short title.

6. —This Act may be cited as the Finance (Customs and Stamp Duties) Act, 1929.