§ 22. "That where on or after the sixteenth day of April, nineteen hundred and forty-seven, a company issues any shares or other securities or increases the rights or reduces the liabilities attached to any shares or other securities and does so by way of bonus to members or debenture holders of itself or of another company, a statement shall be made of the value of the bonus, and that statement shall be charged with an ad valorem stamp duty of ten pounds for every hundred pounds or part of a hundred pounds of the value of the bonus, and any Act of the present Session relating to Finance may contain provision—
- (a) for determining how far any. matter is to be treated as being by way of bonus to any persons, and in particular for so treating an issue if the offer is limited to those persons or if in connection with the issue those persons receive preferential treatment; and
- (b) for determining the value of the bonus."