Sri Lanka Consolidated Acts

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Stamp (Amendment) Law (No. 21 of 1973) - Sect 9

Amendment of Part I of Schedule A to the principal enactment

9. Part 1 of Schedule A to the principal enactment, as last amended by Act No." 50 of 1971 , is hereby further amended, as follows: -
(1) by the substitution for item 14 thereof of the following new item: -
" 14. Bill of Exchange (other than a cheque, a draft payable on demand and drawn by or on behalf of a hank in Sri. Lanka on itself or drawn by any person on a bank in Sri Lanka, 'and an order addressed to a bank for the payment to the party named therein of a sum of money weekly, monthly, or at any other stated periods or otherwise) payable on demand or at sight or on presentation or within three days after date or sight.. . 0 15
(2) by the insertion, in item 16 thereof, immediately after paragraph (f) appearing under the heading " Exemptions from the preceding and all other Stamp Duties ", of the following new paragraph-: -
"(g) Letter of trust, trust receipt or declaration of trust in respect of corporeal movables in favour of an approved credit agency as defined in section 3 of the Mortgage Act (Chapter 89).";
(3) by the substitution, in item 23 thereof, for subparagraph (b) of paragraph (1) of that item, of the following new subparagraph:
" (b) conveyance or transfer of 'any immovable property for any consideration-
(4) by the substitution for item 49 thereof, off the following new item-


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