(1) The fixed duty on a bill of exchange payable on demand or at sight or on presentation may be denoted by an adhesive stamp, which, where the bill is drawn in Saint Lucia, is to be cancelled by the person by whom the bill is signed before he or she delivers it out of his or her hands, custody or power. (Amended by Act 5 of 1978)
(2) The ad valorem duty upon a bill of exchange or promissory note drawn or made out of Saint Lucia is to be denoted by adhesive stamps.