Finance Act, 1895

Part II.

Stamps.

Repeal of an exemption from stamp duty on receipts.

54 & 55 Vict. c. 39.

9.(1) Exemption numbered eight under the head “Receipt” in the First Schedule to the Stamp Act, 1891, is hereby repealed; and the duty shall be charged as if the exemption had not been contained in that schedule; provided that neither the name of a banker (whether accompanied by words of receipt or not) written in the ordinary course of his business as a banker upon a bill of exchange or promissory note duly stamped, nor the name of the payee written upon a draft or order, if payable to order, shall constitute a receipt chargeable with stamp duty.

(2) This section shall take effect as from the first day of July one thousand eight hundred and ninety-five.

[S. 10 rep. 8 Edw. 7. c. 49 (S.L.R.).]