The heading "BILL OF EXCHANGE or PROMISSORY NOTE" in the First Schedule to the Stamp Act, 1891, is hereby amended -
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(a) by the substitution for "drawn in the State of the following: |
7p" |
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"Where drawn on an account in the State |
7p |
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In any other case: |
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Where drawn or made in the State |
7p"; |
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and |
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(b) by the insertion of the following exemptions: |
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"(10) Direct debits and standing orders. |
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(11) Bill drawn on an account outside the State.". |
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