(1) Subject to subsection (2), each enactment mentioned in column (2) of Schedule 3 (which in this Act are collectively referred to as "the repealed enactments") is hereby repealed or revoked to the extent specified opposite that mentioned in column (3) of that Schedule.

(2) This Act shall not apply in relation to stamp duty on -

(a) instruments specified in Schedule 1 which were executed before the date of the passing of this Act,

(b) transactions, within the meaning of section 116, taking place before the date of the passing of this Act,

(c) statements, within the meaning of sections 123(2), 124(1) (b), 124(2) (b), 124(2) (d) (i), 125(2) and 126(2), which would fall to be delivered under the repealed enactments before the date of the passing of this Act,

and the repealed enactments shall continue to apply in relation to stamp duty on the -

(i) instruments mentioned in paragraph (a),