Finance Act, 1955

PART V.

Stamp Duties.

Termination of stamp duty on yearly certificates of notaries public.

16.—(1) The stamp duty chargeable, by virtue of section 1 of the Stamp Act, 1891, on the certificate to be taken out yearly by a notary public (being an instrument specified in the First Schedule to that Act) shall cease to be payable.

(2) Where, on or after the 26th day of March, 1955, any notary public has taken out a duly stamped certificate, he shall, on making a claim in that behalf, be entitled to a refund of duty equal in amount to the amount arrived at by applying, to the amount of duty paid in respect of the certificate, the fraction specified in subsection (3) of this section.

(3) The fraction referred to in subsection (2) of this section is the fraction the numerator of which is the number of the days in the period beginning on the day of the passing of this Act and ending on the 25th day of March, 1956, and the denominator of which is 366.