Note or Memorandum

sent by a Broker or Agent to his principal intimating the purchase or sale on account o, such principal- (a) of any goods exceeding in value Rs. 20: Rs. 1.00 (b) of any stock or marketable security exceeding in value twenty rupees: Rs.2 for every Rs. 5,000 or part thereof of the value of the stock as security subject to a maximum of forty rupees.