Finance (Miscellaneous Provisions) Act, 1968
|
|
Agreements for hire.
|
11.—In the First Schedule to the Stamp Act, 1891, the heading “Bond, Covenant or Instrument of any kind whatsoever” shall not extend to any instrument in respect of a covenant or agreement by any person, whether as principal or as surety,—
|
|
| |
(i) to pay, or to guarantee the payment of, sums payable for or in relation to the hire of any goods, wares or merchandise, or the hire of any machinery or plant, or
|
|
| |
(ii) to reimburse or guarantee the reimbursement of advances made for or in respect of the payment of sums payable as aforesaid.
|
