Subject to the provisions of this section, any instrument whereby property is conveyed or transferred to any person in contemplation of a sale of that property shall be treated for the purposes of the M1Stamp Act 1891 as a conveyance or transfer on sale of that property for a consideration equal to the value of that property.

No instrument chargeable with duty in accordance with subsection (1) of this section shall be deemed to be duly stamped unless the Commissioners have been required to express their opinion thereon under section 12 of the said Act of 1891 and have expressed their opinion thereon in accordance with that section.

The foregoing provisions of this section shall apply whether or not an instrument conveys or transfers other property in addition to the property in contemplation of the sale of which it is made or executed, but those provisions shall not affect the stamp duty chargeable on the instrument in respect of that other property.

This section shall be construed as one with the said Act of 1891.

This section shall come into force on 1st August 1965.

There shall be paid out of moneys provided by Parliament the expenses of making such grants as F9the Secretary of State, in his discretion and on such conditions as he thinks fit to impose, may make to operators of bus services towards defraying customs or excise duty charged on fuel used in operating . . . F10after the commencement of section 2 of the M3Finance (No. 2) Act 1964 (which increased by sixpence a gallon the duty on hydrocarbon oils, petrol substitutes and power methylated spirits) F11a bus service which is of a description specified for the purposes of this section and which meets any conditions which may be specified in relation to that description of service.

The method of calculating the said grants shall be such as F9the Secretary of State may with the approval of the Treasury from time to time determine, either generally or in particular cases or classes of case F12but the amount of a grant shall not exceed such sum as for every gallon of fuel used or estimated to have been used in operating the bus service during the period to which the grant relates as the Treasury may from time to time approve, being a sum not greater than the rate per gallon of the duty of excise chargeable on F13light oil produced in the United Kingdom at the date of use of the fuel, including any addition to that duty by virtue of an order under F14section 1 of the M4Excise Duties (Surcharges or Rebates) Act 1979.

Where an offence under this section which has been committed by a body corporate is proved to have been committed with the consent or connivance of, or to be attributable to any neglect on the part of, any director, manager, secretary or other similar officer of the body corporate, or any person who was purporting to act in any such capacity, he as well as the body corporate shall be deemed to be guilty of that offence and shall be liable to be proceeded against and punished accordingly.

No proceedings for an offence under this section shall be instituted in England and Wales except by or with the consent of the Minister of Transport or the Director of Public Prosecutions.

F16Section 127(1) of the M5Magistrates’ Courts Act 1980 and F17section 331 of the M6Criminal Procedure (Scotland) Act 1975 (summary proceedings to be commenced within six months from commission of offence) shall apply to offences under this section with the substitution of a reference to three years for each reference to six months:

Any statutory instrument containing regulations made under this section shall be subject to annulment in pursuance of a resolution of either House of Parliament.

The foregoing provisions of this section shall not extend to Northern Ireland, . . . F19

This Act may be cited as the Finance Act 1965.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F8

Any reference in this Act to any other enactment shall, except so far as the context otherwise requires, be construed as a reference to that enactment as amended or applied by or under any other enactment, including this Act.

Save as otherwise expressly provided, such of the provisions of this Act as relate to matters in respect of which the Parliament of Northern Ireland has power to make laws shall not extend to Northern Ireland.

The enactments mentioned in Schedule 22 to this Act are hereby repealed to the extent mentioned in the third column of that Schedule, but subject to any provision in relation thereto made at the end of any part of that Schedule; and any such provision as to the date of operation of a repeal shall be without prejudice to any provision of this Act providing that any of the provisions repealed are to cease to have effect at an earlier date for all purposes or for certain specified purposes.