2(1)This paragraph has effect as from 1st February 1971.
(2)The following stamp duties are hereby abolished—
(a)the duty of 2d. specified in Schedule 1 to the Stamp Act 1891 under the heading beginning "Bill of Exchange or Promissory Note" inserted by section 33(1) of the [1961 c. 36.] Finance Act 1961 ; and
(b)the duty of 2d. specified in that Schedule under the heading beginning " Receipt".
(3)No application for relief in respect of the duty referred to in sub-paragraph (2)(a) above may be made under any of sections 9 to 12 of the [1891 c. 38.] Stamp Duties Management Act 1891 (spoiled, misused and unwanted stamps); and no repayment shall be made under any agreement entered into under section 39 of the [1956 c. 54.] Finance Act 1956 (composition for the said duty by bankers) in respect of any form supplied by a banker to a customer and returned to the banker unused or spoiled on or after the said 1st February.