Singapore legislation

Clause 14

of Stamp (Amendment) Bill

Clause 14

Amendment of Schedule A

Schedule A to the Stamp Ordinance is hereby amended —

(a)

by inserting immediately after the word “whatsoever” appearing in Article 21 thereof the words “or other instrument executed by way of security”;

(b)

by deleting Article 22 thereof;

(c)

by inserting immediately after the expression “$1,000” appearing in Article 26 thereof the words “or fractional part thereof”;

(d)

by deleting paragraph (b) and the entries appearing in the column “Proper Stamp Duty” against paragraph (b) in Article 27 thereof and substituting therefor the following: —“(b)on sale of any stock, shares or marketable securities to be computed on the price or value thereof on the date of transfer — for every $100 or fractional part thereof —

(i)

where the transfer bears a certificate signed by the transferor that the name of the transferee was filled in prior to the execution of the transfer by the transferor 20 cents.(ii)in every other case 30 cents.”; and

(e)

by deleting the expression “$5” appearing in Article 65 thereof and substituting therefor the expression “$10”.