AGREEMENT or any MEMORANDUM of an AGREEMENT, made in Eng land or Ireland under hand only, or made in Scotland without any clause of registration, and not otherwise specifically charged with any duty, whether the same be only evidence of a con tract, or obligatory upon the parties from its being a written instrument Exemptions.
(1) Agreement or memoran dum the matter whereof is not of the value of (2) Agreement or memoran dum for the hire of any labourer, artificer, manufacturer, or menial servant.
(3) Agreement, letter, or memorandum made for or relating to the sale of any goods, wares, or mer chandise. [But by the Finance Act, 1907, Sec tion 7, any agreement for or relating to the supply of goods on hire, whereby the goods in considera tion of periodical pay ments will or may be come the property of the person to whom they are supplied, shall be charged with stamp duty as an agreement, or, if under seal (or in Scotland with a clause of registration), as a deed, as the case requires.] (4) Agreement or memo randum made between the master and mariners of any ship or vessel for wages on any voyage coastwise from port to port in the United Kingdom.
(5) Agreement entered into between a landlord and tenant pursuant to sub. section six of Section eight or sub-section two of Section twenty of the Land Law (Ireland) Act.
ISS1.
And see Sections 22 and 23, which are as follows : " 22. The duty of sixpence upon an agree
ment may be denoted by an adhesive stamp, which is to be cancelled by the person by whom the agreement is first executed.
23. (1) Every instrument underhand only (not being a promissory note or bill of exchange) given upon the occasion of the deposit of any share warrant or stock certificate to bearer, or foreign or colonial share certificate, or any security for money transfer able by delivery, by way of security for any loan, shall be deemed to be an agreement, and shall be charged with duty accordingly.
'' (2) Every instrument under hand only (not being a promissory note or bill of exchange) making redeemable or qualifying a duly stamped transfer, intended as a security, of any regis tered stock or marketable security, shall be deemed to be an agreement, and shall be charged with duty accordingly.
(3) A release or discharge of any such instrument shall not be chargeable with any ad valorem duty." An agreement under hand, chargeable with a duty of sixpence, if not stamped with an adhesive postage stamp (or stamps) at the time the document is signed, may be stamped with an impressed stamp within fourteen days from its date.
As to an agreement under seal, see BOND. AGRICULTURAL BANK. (Sec CREDIT