Section 23: Instruments reserving interest
The Stamp Act · Federal Acts · Chapter II · in_force
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Instruments reserving interest.— Where interest is expressly made payable by the terms of an instrument, such instrument shall not be chargeable with duty higher than that with which it would have been chargeable had no mention of interest been made therein.
Related sections
Section 22: Effect of statement of rate of exchange or average priceSection 23A: Certain instruments connected with mortgages of marketable securities to be chargeable as agreementsSection 21: Stock and marketable securities how to be valuedSection 24: How transfer in consideration of debt, or subject to future payment, etc., to be chargedSection 20: Conversion of amount expressed in foreign currenciesSection 25: Valuation in case of annuity, etc
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