28 Sept 1978
HUTCHISON INTERNATIONAL LTD v. COLLECTOR OF STAMP REVENUE
- Citation
- HUTCHISON INTERNATIONAL LTD v. COLLECTOR OF STAMP REVENUE
- Court
- District Court
- Case number
- DCSA4/1977
Both the Deed of Guarantee and the Deed of Indemnity constituted bonds under Head 14(1) because their maximum liabilities were ascertainable from the instruments (ceiling $43,217,539.40) and a sum ascertainable on contingency is chargeable ad valorem; consequently stamp duty of $86,435.20 was correctly assessed on each instrument and the appeals were dismissed.