Section 39: Exemption from stamp duty.

(1) Notwithstanding the provisions of any other Act, no stamp duty shall be chargeable on any security affected by this Act by reason only of the assignment, transfer or negotiation thereof as the Minister may direct, nor shall stamp duty be chargeable-
(a) on any instrument whereby any security is assigned or transferred as the Minister may direct (whether on sale or otherwise); or
(b) on any contract note for, or relating to, any sale of securities for the purposes of this Act by direction of the Minister.
(2) Where a contract note advises the sale or purchase of more than one description of stock or marketable security, the note shall be deemed to be as many contract notes as there are descriptions of stocks or securities sold or purchased.