Seventh Schedule, Part V Mortgages, Bonds, Debentures and certain Covenants

"MORTGAGE, BOND, DEBENTURE, COVENANT (except a marketable security) which is a security for the payment or repayment of money which is a charge or in cumbrance upon property situated in the State other than shares in stocks or funds of the Government or the Oireachtas.

(1) Being the only or principal or primary security (other than an equitable mortgage):

                where the amount secured does not exceed £20,000

Exempt

                where the amount secured exceeds £20,000:

                  for every £1,000, or any fractional part of £1,000 of the amount secured

£1.00

                  Provided that the duty so charged shall not exceed £500.

(2) Being a collateral, or auxiliary, or additional, or substituted security (other than an equitable mortgage), or by way of further assurance for the above-mentioned purpose where the principal or primary securit