Stocks, Marketable Securities and Letters of Allotment, &C.

Orders of the Day — Ways and Means – in the House of Commons at 12:00 am on 22nd April 1947.

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20. "That

  1. (a) the stamp duties charged on marketable securities, share warrants and stock certificates to bearer, and on other instruments to bearer, shall be double those now chargeable;
  2. (b) the stamp duties charged under Section one hundred and fourteen of the Stamp Act, 1891, as amended by subsequent enactments, and under Section thirty-seven of the Finance Act, 1939, by way of composition for the stamp duty chargeable on transfers of certain stocks and the stamp duty charged under Section one hundred and fifteen of the Stamp Act, 1891, as amended by subsequent enactments, by way of composition in respect of the transfer of certain stocks (including units under unit trust schemes) and otherwise shall be double those now chargeable;
  3. (c) the stamp duties charged on contract notes in respect of stocks (including units under unit trust schemes) and marketable securities shall be double those now chargeable; and
  4. (d) the stamp duties charged on letters of allotment, letters of renunciation and other documents having the effect of a letter of allotment, and on scrip certificates and similar documents shall be double those now chargeable."