Page 4 Advertisements Column 6

Lyttelton Times, Volume XXX, Issue 2427, 2 October 1868, Page 4

.■, Mißcellaneeu. i QTAMP DUTIES AMENDMENT ACT. The following is nn abstract of the provijinsof this Act, which carao into force on N»v. 1 ; 1. Short title of this Act shall bo Stamp Duties Act Amondmont Act, 1867. 2, Enacts that this Act shall coma into operation, Ist November, 1867. 3. Provides that additional and altered duties as sot forth in the schedule are to be levied. 4, Stamp duties now payable on the instruments mentioned in the first scliedulo whoreon other dntics are charged by this Act, are repealed, 6. Provisions of former Act apply to this. 6. The duties on foreign promissory notes to be denoted by adhesive stamps, 7. Commissioners may use old dies to denote new duties. 8. Prommissory notes are defined as notes promising the payment of any sum of money out of any particular fund or upon any condition made payable to bearer or order, and not amountine in the whole to 202, 9. The stamp on an agreement must be cancelled by two of the parties executing such agreement, by their writing their initials or names and the date of the day and year of writing the same. 10. Bills of lading and charter parties are not to bo stamped after they are signed, under a penalty of fifty pounds. Except they are brought to tho Commissioners within fourteen days after they are signed, when they may be stamped. If brought before them after fourteen days and within one month, they may still be stamped, but are liable to a 102 penalty. 11. If any person shall booome an assurer upon any insurance on which any duty is made payable, or shall subscribe or underwrite, or make or enter into any contract or agreement or memorandum of any such insurance, or shall receive or contract for any premium or consideration for any such insurance, or shall knowingly take upon himself any risk or render himself liable to pay any sum of money upon any loss or contingency relative to such insurance, unless such insurance shall be engrossed, written, or printed upon vellum, parchment, or paper—duly stamped—or shall be guilty of endeavouring to evade the duties chargeable on such policies of insurance, he shall be liable to 1002 penalty. The agent of tho assurer or the person receiving any letter or memorandum requesting insurance to pay the duty. 12. Interest or principal on bonds, debentures, or other securities not to be paid without the inctvumonto Vioin/. A„\„ „l -J .._J_. , of m. 13. Debentures issued in or on behalf of any Provincial Government by New Zealand are exempt from duty, 14. Explains Section 31 of former Act. li. 10/ penalty fixed for signing unstamped receipts. 16. Unstamped receipts not to be taken r evidence until the duty and penalty are paid. 17. Commissioners may authorise persons t( sell stamps, 18. Persons acting as distributors of stampi without being licensed, are liable to a penalty no! exceeding 202. 19. Penalty of 202 fixed for fraudulent removal or second use of impressed or affixed stamps. 20; Impressed stamps need not be cai.celledbut they must not be used as adhesive stamps. 21. Commissioners may require declaration ol value of property conveyed in exchange forothei property. 22. Annuities for life are to be valued by reference to the table contained in third schedule, 23. The allowance of BOs per cent to b* grantee in respect of paper or parchment notjwviouslj written upon-presented to be stamped—iJlenotiiiE duties chargeable in agreements, bills of exchange promissory notes, bills of lading, drafts or orderi for payment i,f money, receipts, policies of insux ance and transfer of shares in corporations, to b granted whenever the stamps so applied for shal amount to £6 or upwards. 24. A fine of 10s is to be paid to the Commis sioners when any deed or instrument is presentei to them for their opinion as to the amount o duty chargeable thereon, 25. The Commissioners are authorised to stami documents which remain unstamped pending thi decision of the Supreme Court without exacfinj any penalty. ' 26. Irregularities prior to 30th June, 1867, b of a sufficient value prior to 30th June 1867, shall be deemed valid. 2. Stnmna Tint A.fvnnA {« it,. ... quired by law, may be defaced before Is January, 1868. 8 1 Documents insufficiently stamped, madi Prior to 30th June, 1866, may have stamp; affixed nf a.«iffim<m» ..1... „t i.f— f. January, 1868. 4. In all cases pior to 30th June, 1867, ii adhesive stamps shall be held to have beei - m compliance with the provisions of thi Act. 27. When a conveyante is tendered for assess ment of duty, the Commissioners may requin evidence by declaration of the consideration. 28. Every Eegistrar of Deeds shall refuse ti register any instrument liable to duty dated afte 29. Interpretation of any intestate i» 44th Sec tion of Stamp Aot. 30, Defines moaning of Commisioners. 31 and 32. Amend schedules of Stamp Dutie Act. r _ 33, The exemptions from duty are mentions in 2nd schedule. SCHEDULE I. Addiiiohai, or Altebbd Duties. Pbomissobv. Notb made or purporting to bo made out of the colony but endorsed negotiated or paid within the oolony tho saino duty as oa an inland bill payable to bearer or to order at any time otherwise than on demand, Bm op Exchaxgb payable on demand which Bhall be endorsed out of the coloiyor purport-to .be so endorsed ....v.u.vu.1,1 »uo oauiß may nave neon drawn but paid within the oolony ... 0 ] Becbipis for monoy deposited at interest in any bank or in the hands of any banker ..... , ... mi 'g j J Aobeemest by deed ... , ",' '" io o CoKVBYANCES— Whoro tho consideration or any part of . the consideration shall be any eonvey. anco or transfer of other land or pr«pMty by way or in tho nature of an exchango shall be charged with the ad valorem duty in respect of the amount wlnoh shall be by the person executing the conveyance deslored to be the value of the land conveyed. : Where he consideration or any part of tho consideration shall be any annual sum of, monoy payable in per- ' potuity shall be oharged with tho ad valorem duty in respect of the amount .which shall according to tho Table in Schedule 111. hereto annexed appear to be tho value assigned to such annual sum of monoy. Assiosmbnt or transfer of miners' property or letters or instrument authorising tho transfer or assignment of miners' property where the letter or instrument la tho only net required on the part of the vendor or assignor, Where the purchase or consideration monsy therein, oppressed or tho value ol Iho property transferred or to be trausftirrod shall not oxceed 202 1 0 Exceeding 202 and not exceeding 602'.'.'. 2 6 teeeding 502 and not exceeding 1002 6 lor ovory additional 602 or fractional oavt f602 „ 6 Exrmplibicatios of probata ,"' a g CoußiEßPAai of lcaso or agreemew, ,'v dcod - ... 2 8 SCHEDULE II Additional Exemptions fbom Dutt. m .on of public money by or on behait of lie JWy (ho Queen, or by or on behalf o tho Governor w Colonin Treasurer or by oonbclmliottLoSupeHntondentorProviucwl Ireasurer of any province. Bonds of officers in tho Civil Sorvico of New Zcaland or m tho Civil Sorvico of any of the noTinen of New Zealand. a * mm letters Patent. Warrants or oilier instruments of appointment to oll.ee ot the General Government or of any Provincial Government. : Licenses to occupy land or cu' timber under Acts End" ™ rClati " S U C ' Wn 0r Wttßto Policies insuring tho holder agamst risk of loss _ or damago by liro. Palie t i heir Hm " CeOU IiVM ° f P"""" effing Ewipts for deposits in any post-office or other •mugs bank! or any society established puror the time being m forco relating to Build'