§ 18. "That—
- (a) the exemption from stamp duty in respect of Indian Government loans conferred by Section two of the Indian Securities Act, 1860, shall not apply to any stock or marketable securities to which this Resolution applies, but any such stock or securities shall be treated for the purposes of stamp duty as if they were respectively colonial stock and colonial government securities;
- (b) this Resolution applies to all stock and marketable securities issued by or on behalf of the Federation of India or the Governor-General of India in Council or the Governor of Burma, except stock or marketable securities issued by the said Governor-General in Council or Governor on behalf of the Secretary of State in Council or issued on behalf of the said Governor-General in Council by the Secretary of State."