29. Certain instruments connected with mortgages of marketable securities to be chargeable as agreements. -
(1)Where an instrument (not being a promissory note or bill of exchange) -(a)is given upon the occasion of the deposit of any marketable security by way of security for money advanced, or to be advanced by way of loan, or for an existing or further debt, or(b)makes redeemable or qualifies a duly stamped transfer, intended as a security, of any marketable security,it shall be chargeable with duty as if it were an agreement or its records or memorandum of an agreement chargeable with duty under clause (h) of Article 5 of the Schedule.(2)A release or discharge of any such instrument shall only be chargeable with like duty.
