Statements in instruments of facts affecting duty

(1) All the circumstances affecting the liability of an instrument to duty, or the amount of the duty chargeable thereon, shall be truly set forth in the instrument. duty. (2) Every person who, with intent to defraud the State16 [CAP. 64 (a) executes or issues an instrument in which all the circumstances as required by sub-section (1), are not truly set forth; or (b) being employed or concerned in or about the preparation of an instrument, does not truly set forth therein all the said circumstances, commits a misdemeanour punishable summarily or on indictment, but so that the punishment on summary conviction shall not exceed six months’ imprisonment.