S.I. No. 271/1981 - Imposition of Duties (No. 252) (Stamp Duty on Bills of Exchange and Promissory Notes) Order, 1981.

1. This Order may be cited as the Imposition of Duties (No. 252) (Stamp Duty on Bills of Exchange and Promissory Notes) Order, 1981.

2. This Order shall come into operation on the 16th day of August, 1981.

3.

Section 41

of the

Finance Act, 1970

(No. 14 of 1970), is hereby amended by the substitution of “5p” for “3p” in subsections (1) and (3) (inserted in each case by the

Finance Act, 1981

(No. 16 of 1981)).

GIVEN under the Official Seal of the Government, this 31st day of July, 1981.

MICHAEL O'LEARY,

Tánaiste.

EXPLANATORY NOTE.

(This note is not part of the Instrument and does not purport to be a legal interpretation.)

This Order provides for the charging of stamp duty at fivepence on bills of exchange and promissory notes drawn in the State including cheques.

This Order comes into operation on 16 August, 1981.

The Government, in exercise of the powers conferred on them by

section 1

of the

Imposition of Duties Act, 1957

(No. 7 of 1957), and

section 22

of the

Finance Act, 1962

(No. 15 of 1962), hereby order as follows