STAMP DUTIES.

Press, Volume XI, Issue 1500, 30 August 1867, Page 4

STAMP DUTIES.

1 There are four schedules to the Arf n* \ first contains the duties on deeds nnrf • instruments relating to transactions beS? living persons; the second, the dnti I probates of wills and letters of ° a I the third, the duties on ) eione to personal estate under any teetaoS f disposition or upon intestacy the to / : duties on successions to real and ( SOHEDULB I. Agreement, or minute or memorandum of an agreement, under hand only where fK matter thereof shall be of the value o i £20 : upwards—ls. v or Bills of exchange (inland) for ever? £50«, \ fractional part of £50-1 8 . 7 m Or i Bills of exchange drawn out of tho colony i but mdorsed or negotiated within the colon» ! the same duty as on an inland bill of the S 2 ! amount and tenor. 9 | Foreign bills if drawn singly or often*, i than in a set of two or more, tho came dut ! : as on an inland bill. ' i If drawn in eets of two 6d, or if m 86t8 of three 4d, for every £50 or fractional part of Promissory notes (other than payable on ' demand) not exceeding £25-6 d f exceedin* 1 £25 and not exceeding £50-l 9} an d so on" f Is for every £50 and fractional part of £50 i Promissory notes, payable on demand, issued ' by any Bank in New Zealand, are exempt f from these duties, Banks being otherwise i chargeable. > Bills of lading or receipt in lieu thereof I from the master, mate, or agent of any vessel > for goods earned beyond the colony— le. j Conveyancee of any kind, except tran«fe« '; expressly provided for by the Act, for every t> £50 or fractional part of £50 of the purchase v money—ss. [' Crown grants and certificates of title granted i-, under the hand of the Kegietrar-Goneral pur- f. suant to the Land Eegistry Act 1860, ara 'f exempt from these duties. i Deeds or instruments of any kind whatever }' not otherwise charged in this schedule—lo?. ! Exemptions from the preceding duties.—All instruments relating to the services of an» prentices, clerks, or servants; all bonds or mortgages, whether affecting real or persona! 1 estate, bills of sale by way of mortgage, ocJ I all transfers, agreements, releases, ro-co:- f veyances and discharges thereof; all preferabls I liens under the Wool and Oil Securities Act, \ 1858; all customs bonds; all tu&miniitntioa I bonds ; all bonds on appointment of epecial bailiffs. ; Drafte or cheques, payable on demand, or ' otherwise—ld. Lease or agreement for a lease, for every £50 or fractional part of £50 of the yearly 1 rent—2s 6d. \ Leases of waste lands under the provieionj S of any Wasto Lands Act or Gt>ldfields Act | are exempt from these duties. . f Policy of insurance of ships or cargo for j any period, not exceeding theeo monthe— j 2s 6d; all other marine policies, for every j £100 or fractional part of £100—Iβ. j Promissory notes payable to the bearer on j demand, issued by any Bank or Bankinj ,| Company, at tho rate of £2 for every £100 j! of the average annual amount in circulation, j as certified under the Bankers Heturns ict, } 1858. J Eeceipte for any sum of £5 or upwards—ld. j Exemptions—Receipts for meney paid to [ or for her Majesty ; receipts endorsed oa sny j duly stamped instrument acknowledging the i receipt of the consideration money therein | expressed; acknowledgment given for any 1 money deposited in any Bank : receipts for > money paid into land, building, and provident { [ societies. Transfers except by way of niort- \ gage of any run or station held under lease j from the Crown, or of any intereet therein, | for every £100 or fractional part of £100 of value assessed as provided in the Aot—lOl. Transfer of shares or stock of any corpora- f tionj company, or eocierj in New Zewrfi \ where the purchase money shall not eXOW s| £20—Iβ ; exceeding £20 and not exceeding ; £60—2e 6d; and co on 2s 6d for l|. or fractional part of £50. : SOHISDULB 11. f Probate of a will and letters of ediainistrv ,| tion with a will annexed where the effects « J sworn to by the executor or adminktmki f are : — . | Under the value of £100—£1. j Above the value of £100 and.under£2(»- | £2. t Above the value of £200 and under £300- i £3. " ' t Above the value of £300 and under £405- | £4,. f Above the value of £400 and under £500- { £5. ■ j And above £500 —1 per cent. I { Letters of administration without a *?" [ annexed where the effects are ewora to ty® 9 \

administrator :— I Under the value of £100— £1 10s. f Above the value of £100 and under £200- I €3. I Above the value of £200 and under £300- I £4 10a. Above the value" of £300 and under£4oo— f £6. : I Above the value of £400 and under $w® > f £7 10s. - . . I And above £500—1J per cent. | SCHEDTTLS 111. | For every legacj or residue or ebara of § residue, of tho amount or value of *20 or || upwards :— ~.. * I If to a child or any descendant of a childoi | the deceased, or to tho father or mother oraoj I lineal ancestor—£l per cunt. , I To a brother or sister or uny descendant 01 I a mother or eietor— £3 per cent. I To au uncle or aunt or thoir descendanta— | £5 per cent. . - | To a grand-uncle or grand-aunt or tuew j descendants—£6 per cent. . f To a person in any other degree of collateral | sanguinitv— £7 per cent;. To a stranger in blood—£lo per cent. All legacies, residues, or a shares of residues given to the husband or wife of the deWW* are exempt from duty. SCIIBDFLB IV. The duties charged on successions ara the same as those in the previous schedule legacies.