25.Instruments reserving interest

Verified

Where interest is expressly made payable by the terms of an instrument, such instrument shall not be chargeable with duty higher than that with which it would have been chargeable had no mention of interest been made therein.

Personal note

Notes are stored offline on this device only.

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Effect of statement of rate of exchange or average price

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Certain instruments connected with mortgages of marketable securities to be chargeable as agreements