JAGANMOHAN REDDY, J.

( 1 ) THIS reference under S. 57 (1) of the Indian Stamp Act involves the interpretation of Cl. (5) of the amended lease deed filed by M/s. Vinay Construction and Development Co. , Hyderabad, for adjudication under S. 31 of the Indian Stamp Act (hereinafter called the Stamp Act) of the Collector of Stamps.

( 2 ) THE Collector of Stamps, viz. , the Inspector-General of Registration and Stamps, Andhra Pradesh, had by his letter, dated 25-6-1964 referred the several matters arising out of the lease deed for an authoritative opinion of the Chief Controlling Revenue Authority, viz. , the Board of Revenue, under Section 56 (2) of the Stamp Act. The lease was for 55 years at an annual rent of Rs. 36,000 and under Cls. 7 and 12, municipal taxes and insurance premium were payable by the lessees. Under the terms of the lease, a sum of Rs. 40,000 was to be paid as advance and the lease is to commence from the date the lessor puts the lessees in vacant possession of the premises at 6-1-1081 and 6-1-1082, Lakdika-pul, Hyderabad. The rent reserved was payable in quarterly instalments of Rs. 9,000 each the first instalment to commence from one year after the lessees are put i

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