§ 2."That there shall be charged on all Foreign and Colonial marketable securities transferable by delivery which are not at present chargeable with stamp duty, and which are negotiated in the United Kingdom after a date to be fixed by Parliament, a stamp duty of sixpence for every ten pounds, and also for any fractional part of ten pounds, of the money thereby secured."
§ 3."That the stamp duty on share warrants issued under the provisions of the Companies Act, 1867, shall extend to any instruments to bearer issued by or on behalf of any company or body of persons formed or established in the United Kingdom and having the like effect as such share warrants, and the stamp duty charged on stock certificates to bearer as defined by the Stamp Act, 1891, shall extend to any instrument to bearer issued by or on behalf of a company or body of persons formed of established in the United Kingdom having the like effect as such a stock certificate to bearer."
§ 4."That there shall be charged on any instrument issued by or on behalf of a company or body of persons formed or established out of the United Kingdom by means of the delivery of which any share or stock of such a company or body of persons is transferred, assigned, or negotiated, or purported to be transferred, assigned, or negotiated in the United Kingdom after a date to be fixed by Parliament, a stamp duty of sixpence for every ten pounds, and also for any fractional part of ten pounds, of the nominal value of the share or stock to which the instrument relates."
1239§ 5."That the stamp duty on marketable securities transferable by delivery and on share warrants or stock certificates to bearer shall be extended to securities and instruments respectively where the delivery of the security or the delivery of the instrument is treated as a sufficient transfer, whether it constitutes a legal transfer or not."
§ 6."That five shillings shall be substituted for two shillings as the ad valorem stamp duty on statements of the nominal capital or authorised increase of capital of any corporation or company."
§ 7."That where a local authority or company formed or established in the United Kingdom, issue any loan capital, a statement shall be made of the nominal amount proposed to be issued, and that statement shall be charged with an ad valorem stamp duty of two shillings and sixpence for every one hundred pounds or any fraction of one hundred pounds."
§ 8. "That there shall be charged on any letter of allotment, and on an; letter of renunciation, including any document having the like effect as a letter of allotment or a letter of renunciation—
- (i.) Where the nominal amount allotted, or to which the letter of renunciation relates, is less than five pounds, a stamp duty of one penny: and
- (ii.) In any other case a stamp duty of sixpence."