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An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt, the Public Revenue and Savings Banks and to make further provision in connection with Finance.
[31st July 1947]X1
Editorial Information
X1The only provisions of this Act reproduced in Statutes in Force were ss. 57, 58, 74(1)(7)(9); other unrepealed or partly repealed provisions are ss. 63, 64, Sch. 11; see Chronological Table of the Statutes which gives authority for repeal of other provisions
Commencement Information
I1Act partly in force at Royal Assent, partly retrospective, see individual sections; all provisions so far as unrepealed wholly in force at 1.2.1991.
(1)Where the payment of principal and interest on any stock to which this section applies is guaranteed by the Treasury, transfers of the stock shall be exempt from all stamp duties.
(2)This section applies to all stock issued by any of the following bodies, that is to say :—
F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The North of Scotland Hydro-Electric Board ;
F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
and to any other stock to which it may be applied by direction of the Treasury, being stock issued by a body corporate constituted for the purposes of any scheme for the carrying on of any industry or part of an industry, or of any undertaking, under national ownership or control which may be embodied in any Act passed after the beginning of the present Session.
Textual Amendments
F1Entries repealed by Air Corporations Act 1949 (c. 91), Sch. 3.
F2Entries repealed by Air Corporations Act 1949 (c. 91), Sch. 3.
F3Entries repealed by Air Corporations Act 1949 (c. 91), Sch. 3.
Textual Amendments
F4S. 58 repealed by Statute Law (Repeals) Act 1986 (c. 12), s. 1(1), Sch. Pt. III
(1)This Act may be cited as the Finance Act 1947.
(7)Part VI of this Act shall be construed as one with the M1Stamp Act 1891.
(9)Any reference in this Act to any other enactment shall, except so far as the context otherwise requires, be construed as a reference to that enactment as amended by or under any other enactment, including this Act.
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