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(1)The duty upon an instrument chargeable with duty as a lease or tack of—
(a)any dwelling-house, or part of a dwelling-house, for a definite term not exceeding a year at a rent not exceeding the rate of ten pounds per annum ; or
(b)any furnished dwelling-house or apartments for any definite term less than a year;
and upon the duplicate or counterpart of any such instrument, may be denoted by an adhesive stamp, which is to be cancelled by the person by whom the instrument is first executed.
(2)Every person who executes, or prepares or is employed in preparing, any such instrument (except letters or correspondence) which is not, at or "before the execution thereof, duly stamped, shall incur a fine of five pounds.
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