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Increase of duty on letters of allotment and letters of renunciation.
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9.—(1) Sixpence shall be substituted for one penny as the stamp duty chargeable under the Stamp Act, 1891, on a letter of allotment, and letter of renunciation, or any other document having the effect of a letter of allotment, where the nominal amount which is allotted or to which the letter of renunciation relates is not less than five pounds.
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(3) The stamp duty of sixpence, chargeable by virtue of this section on a letter of renunciation, may be denoted by an adhesive stamp, which is to be cancelled by the person by whom the letter of renunciation is executed.
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