Revenue Act, 1903

Reduction of stamp duty in the case of substituted securities.

54 & 55 Vict. c. 39.

7. The whole amount of duty payable under or by reference to paragraph (2) of the heading “Mortgage Bond, Debenture, Covenant, and Warrant of Attorney” in the First Schedule to the Stamp Act, 1891, on any instrument being a collateral, or auxiliary, or additional, or substituted security, or by way of further assurance, shall not exceed ten shillings.