24. Direction as to duty in certain cases (Mortgages etc.)

Terms defined in s 2

• chargeable

  chargeable

  Defined · s 2

  “chargeable” means, as applied to an instrument executed or first executed after the commencement of this Act, chargeable under this Act, and as applied to any other instrument chargeable under the law in force in Brunei Darussalam when such instrument was executed or, when several persons executed the instrument at different times, first executed;

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• duty

  duty

  Defined · s 2

  “duty” means any stamp duty for the time being chargeable by law;

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• instrument

  instrument

  Defined · s 2

  “instrument” includes every document by which any right or liability is or purports to be created, transferred, limited, extended, extinguished or recorded;

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• money

  money

  Defined · s 2

  “money” includes all sums whether expressed in the currency of Brunei Darussalam or in any other currency;

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• mortgage

  mortgage

  Defined · s 2

  “mortgage” means a security by way of mortgage for the payment of any definite and certain sum of money advanced or lent at the time, or previously due or forborne to be paid, being payable, or for the repayment of money to be thereafter lent, advanced or paid, or which may become due upon an account current, together with any sum Stamp already advanced or due, or without, as the case may be; and includes — (a) any conveyance of any property in trust to be sold or otherwise converted into money intended only as a security and redeemable before the sale or other disposal thereof either by express stipulation or otherwise; (b) any instrument in writing for defeating or making redeemable or explaining or qualifying any conveyance of property apparently absolute but intended only as a security; (c) any agreement for a mortgage or any agreement, contract or bond accompanied with a deposit of title deeds for making a mortgage of any property or for pledging or charging the same as a security;

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• property

  property

  Defined · s 2

  “property” includes movable and immovable property and any estate in any property movable or immovable and any debt and anything in action and any other right or interest in the nature of property whether in possession or not;

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• stock

  stock

  Defined · s 2

  “stock” includes any share in the capital stock or funded debt of any corporation, company or society in Brunei Darussalam or elsewhere, and stocks and funds of the Government of Brunei Darussalam or any other Government;

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