§ 16. "That—
- (a) the enactments imposing stamp duty shall, with such modifications as may be specified in any Act of the present Session relating to Finance, have effect as if units or other shares in property subject to unit trust schemes were stock, releases or reissues of such units (including issues of fresh units where other units have been released) were transfers, and bearer certificates in respect of such units were stock certificates to bearer, and where, whether before or after the passing of this Resolution, such bearer certificates as aforesaid have been issued before the passing of the said Act, stamp duty Mall be charged in respect thereof when they are assigned, transferred or in any manner negotiated;
- (b) stamp duty shall be charged under the heading "Settlement" on the trust deed or other similar instrument of a unit trust whatever the nature of the property which becomes subject to the trusts and by reference to the amount or value of all such property, and shall be so charged as often as any property becomes subject to the trusts as if, on each occasion, a new deed or other instrument were executed in relation to the new property."