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14 1941

FINANCE ACT, 1941

PART VI.

Stamp Duties.

Exemption from stamp duty of certain documents relating to legal tender or consolidated bank notes.

47. —The following documents shall be exempt from any stamp duty chargeable under the Stamp Act, 1891, or any Act amending that Act, that is to say:—

(a) a document requesting the Currency Commission to give a new legal tender note in exchange for a mutilated such note and undertaking, in the event of the missing portion of the said mutilated note being presented and paid, to pay to the Currency Commission the value of such note;

(b) a document requesting a Shareholding Bank within the meaning of the Currency Act, 1927 (No. 32 of 1927), to give a new consolidated bank note in exchange for a mutilated such note and undertaking in the event of the missing portion of the said mutilated note being presented and paid, to pay to the said Bank the value of such note.

Stamp duty on certain receipts, etc., under the Local Registration of Title (Ireland) Act, 1891.

48. —(1) Every request, receipt, and other document made on or after the 6th day of August, 1941, which is accepted, under section 42 of the Local Registration of Title (Ireland) Act, 1891, or rules made under that Act, by the registering authority as proof of the satisfaction of a charge or any part of a charge on land or of the release of any part of registered land from a registered charge shall be a release or discharge of a security within the meaning of the Stamp Act, 1891, and shall be chargeable with stamp duty accordingly.

(2) In this section the expressions “registering authority”, “registered land”, and “registered charge”, and the word “charge” have the same meanings as they respectively have in the Local Registration of Title (Ireland) Act, 1891.