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Aircraft and Shipbuilding Industries Act 1977
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- UK Public General Acts
- 1977 c. 3
- SCHEDULE 5
- Paragraph 8
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8The power conferred on the Treasury by section 74 of the [1948 c. 49.] Finance Act 1948 to direct, in connection with any statutory scheme for the carrying on of an industry under national ownership under which provision is made for the transfer of the undertaking of a body corporate, that as from the date of the transfer of the undertaking transfers of the securities of the body corporals shall be exempt from all stamp duties, shall extend to a direction, as respects the right specified in paragraph 3(1) above, that, as from the date of transfer, transfers of that right shall be so exempt.
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