1154. Separate parts of the property transferred by different instruments.

Where property contracted to be sold for one consideration is conveyed to the purchaser in separate parts by different instruments, the consideration is to be apportioned as the parties think fit, but a distinct consideration for each separate part must be set forth in each instrument, and ad valorem stamp duty is chargeable in respect of each conveyance accordingly1.

Where part of the property consists of stock or marketable securities2, the above provision has effect as if 'the parties think fit' read 'is just and reasonable'