Amendment status not verified — confirm the current text below against the official source.
FURTHER CHARGE —Instru ment of, that is to say, any instrument imposing a further charge on mortgaged property — (a) When the original mortage is The same duty as a Con one of the description referred veyance (No. 23) for con to in clause (a) of Article 40 sideration equal to the (that is with possession); further charge secured by such instrument. (b) when such mortgage is one of the description referred to in clause (b) of Article No.40 (that is with — Out procession) — (i) if at time the of execution of The same duty as a Con- the instrument of further veyance(No.23)for a con charge possession of the sideration equal to the property is given or agreed to total amount of the charge be given under such instru- (including the original ment; mortgaged and any further charge already made), less the duty already paid on such original mortgage any further charge. (ii) if possession is not so given. The same duty as a bond (No. 15) for the amount of the further charge secured by such Instru ment.