Finance Act, 1947

Exemption from stamp duty of instruments effectuating transfer of certain assurance business.

19.—Stamp duty shall not be chargeable on any agreement, conveyance, transfer or other instrument made or entered into for the purpose of carrying into effect the transfer of the business of the Industrial and Life Assurance Amalgamation Company, Limited, to the Irish Assurance Company, Limited, as provided in Clause 10 of the Agreement made on the 13th day of September, 1938, between the City of Dublin Assurance Company, Limited, of the first part, Irish Life and General Assurance Company, Limited, of the second part, Irish National Assurance Company, Limited, of the third part, and Comhlucht Urrudhais Mumhan agus Laigheann, Teoranta (Munster and Leinster Assurance Company, Limited) of the fourth part, a copy whereof is set out in the Schedule to the Insurance (Amendment) Act, 1938 (No. 31 of 1938).