Page 4 Advertisements Column 6

Lyttelton Times, Volume XXX, Issue 2486, 10 December 1868, Page 4

Miscellaneous. QTAMP DUTIES AMENDMENT ACT. The following is an abstract of the provuina of this Act, which came into force on Nor. 1 ; 1. Short title of this Act shall be Stamp Duties Act Amendment Act, 1867. 2. Enact* that this Act shall come into operation, Ist November, 1867. 3. Provides that additional and altered duties as set forth in the schedule are to be levied. 4. Stamp duties now payable on the instrument* mentioned in the first schedule whereon other duties are charged by thu Act, are repealed. 5. Provisions of former Act apply to this. 8. The duticß on foreign promissory notes to be denoted by adhesive stamps, 7. Commissioners may uso old dies to denote new duties. mising the payment of any sum of money out of any particular fund or upon any condition made payable to bearer or order, and not amounting in the whole to 20/. 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 be stamped after they are signed, under a penalty of fifty pounds. Except they are brought within one month, they may still be stamped, but are liable to a 101 penalty. 11. If any person shall become 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 I printed upon vellum, parchment, or paper—duly stamped—or shall be guilty of endeavouring to j evade the duties chargeable on such policies of insurance, he shall be liable to 100J penalty. The agent of the 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 instruments being duly stamped und»r a Dena'tv Of 20?. * J 13. Debentures issued in or on behalf of anj Provincial Government by New Zealand are exempt from duty. 14. Explains Section 31 of former Act. 15. 101 penalty fixed for signing unstamped receipts. 16. Unstamped receipts not to be taken n evidence until the duty and penalty are paid. 17. Commissioners may authorise persons to sell stamps. 18. Persons acting a3 distributors of stamps without being licensed, are liable to a penalty not exceeding 20/. 19. Penalty of 20? fixed for fraudulent removal or second use of impressed cr affixed stamps. 20. Impressed stamps need not oe cancelled—hut tbey must not be used as adhesive stamps. 21. Commissioners may require declaration of value of property conveyed in exchange for other property. 22. Annuities for life are to be valued by reference to the table contained in third schedule. 23. The allowance of 50s per cent to b» granted in respect of paper or parchment notoriously written upon—presented to be stamped—denoting duties chargeable in agreements, bills of €Klian»e, promissory notes, bilk of lading, drafts w orders for payment <i money, receipts, policies uf insurance and transfer of shares in corporations, to be granted whenever the stamps so applied for shall amount to £o or upwards. 24. A fine of 10s is to be paid to the Comnussioners when any deed or instrument is presented to them for their opinion as to the amount of duty chargeable thereon. 25. The Commissioners are authorised to stamp documents which remain unstamped pending the decision of the Supreme Court without exacting any penalty. 26. Irregularities prior to 30th June, 1867, to be remedied as follows: 1. Documents stamped with postage stamps of a sufficient value prior to 30th June, 1867, shall be deemed valid. 2, Stamps not defaced in the manner required by law, may be defaced before Ist January, 1868. 3 Documents insufficiently stamped, made prior to 30th June, 1866,"may have stamps affixed of a sufficient value on or before Ist January, 1868. 4. In all cases pior to 30th June, 1567, in which adhesive stamps have been affixed instead of impressed stamps—such use of adhesive stamps shall be held to have been in compliance with the provisions of the Act. 27. 'When a conveyance is tendered for assessment of duty, the Commissioners may require evidence by declaration of the consideration. 28. Every Begistrar of Deeds shall refuse to register any instrument liable to duty dated after Ist January, 1867. and not duly stamped. _ 29. Interpretation of any intestate in 44th Sechon of Stamp Act. 30. Defines meaning ofCommisioners. 31 and 32. Amend schedules of Stamp Duties Act. 33. The exemptions from duty aw mentioned in 2nd schedule. 31. Commissioner may stamp native documents

SCHEDULE I. Addiiioxai, oe Axtbbbd Ditties. s, d. Pbomissobt Note made or purporting to be made out of the colony but en° dorsed negotiated or paid within the colony tho same duty as or an inland bill payable to bearer or to order at any time otherwise than on demand. Bill OP Exchaxgb payablo on demand which shall bo cudorsed out of the colony or purport to be so endorsed wheresoever the same may have been drawn but paid within the colony ... o 1 EBCBiPia for money deposited at interest in any bank or in the hands of any banker ... ... m< 0 1 Agbebmbkt by deed ... ." "' \q 0 COBVKTiSCE3 Where the consideration or any part of the consideration shall bo any convey, anoo or transfer of other land or property by way or in the nature of an exchange shall bo charged with the ad valorem duty in respect of the amount which shall be by the person executing the conveyance declared to be the value of the land conveyed. "Where he consideration or any part of the consideration shall bo any annual sum of monov payable in" perpetuity shall be charged with the ai valorem duty in respect of the amount which shall aceordiug to the Table in Schedule 111. hereto annexed appear to be tho value assigned to such annual sum of money. Assignment or transfer of miners' property or letters or instrument authorising the transfer or assignment of miners property where the letter or instrument is the only act required on tho part of the vendor or assignor. Where the purchase or consideration money therein expressed or tho value of the property transferred or to bo transferred shall not exceed 20* l o Exceeding 201 and not exceeding sof 9 6 Exceeding 60/ and not exceeding loof s For every additional 60J or fractional oart Exemplification of probate" " g g COUSTERPABT of lease or "y dced ... ... 9 8 SCHEDULE II Additional Exbmptions fbom Duit. Cheques drafts or orders for tho payment or transmission of public money hy or on behalt of Her Mmesty tho Queen, or by or on behalf ol tho Governor or Colonia Treasurer or by or on behalf ot the Superintendent or Previacial iTeasurer of any province. Bonds of oilicers in the Civil Servieo of Now Zealand or in tho Civil Sorvice of any of tho provinces of Now Zealand. Letters Patent, Warrants or other instruments of appointment to oinco of the General Government or of any I rovincial Government. Licenses to occupy land or cu' timber under Acta or regulations relating ti Crown or waste lands. Policies insuring tho holder against risk of loss or daniugo by Are. Policies ot'assuranco on lives of persons effecting ' the same. j Beceipts for deposits in any post-office or other savings banks or any society established pursuant to any Act of the General Assembly for the time being in force relating to building and Land Societies or Friendly BenGt or Industrial Societies,