Use of adhesive stamps

(1) Unless otherwise provided or prescribed, an instrument shall not be stamped with an adhesive stamp after the time when the instrument is first executed. (2) An instrument is not duly stamped with an adhesive stamp unless, at a time when the instrument can lawfully be so stamped, every adhesive stamp affixed thereto is effectually cancelled so as to be incapable of being used for another instrument or for any postal purpose. (3) The Commissioners may, if satisfied that failure to cancel an adhesive stamp at the proper time was accidental, themselves cancel the adhesive stamp on payment of the proper penalty for stamping the instrument after execution, and thereupon the instrument shall be deemed duly stamped with that adhesive stamp. (4) If any person not authorised by the Commissioners affixes an adhesive stamp to an unstamped or insufficiently stamped instrument, or cancels an adhesive stamp on such instrument after the time when the instrument is, by this Act, 18 [CAP. 64 permitted to be stamped with an adhesive stamp, he shall incur a fine of two hundred dollars.