STAMP DUTIES.

Press, Volume XII, Issue 1501, 31 August 1867, Page 4

STAMP DUTIES.

There are four schedules to tho Act Tv first contuins the duties on deeds and 1 instruments relating to transactions h>» living persons ; the second, the d.ili,, probat-s of wills and letters of ailmini,ti*" tho third, the duties on legacies and I 1 s.ous to personal estate under any lestum J£ disposition or upon intestacy; the fouwi duties on successions to real and p^ Schedule I. Agreement, or minute or memorandum f an agreement, under hand only where thl matter thereof shall be of the value of £20 upwards—ls. 0? Bills of exchange (inland) for every £<?n„» fractional part of £50 - Is. w Bills of exchange drawn out of tho colon* but indorsed or negotiated within tho colon* the same duty as on an inland bill of the soma amount and tenor. Foreign bills if drawn singly or other*i aß than in a set of two or.more, the same dut? as on an inland bill. J If drawn in sets of two 6d, or if i n sets of three 4d, for every £50 or fractional Dart of £50 F : Promissory notes (other than payable on demand) not exceeding £25-6d 5 exceeding £25 and not exceeding £50—la; and so on Is for every £50 and fractional part of £50. ' Promissory notes, payable on demand, iaau'esj by any Bank in New Zealand, are exempt from these duties, Banks being otherwise chargeable. Bills of lading or receipt in lieu thereof from the master, mate, or agent of any yesjol for goods carried beyond the colony—ls. Conveyances of any kind, except transfer expressly provided for by the Act, for every £50 or fractional part of £50 of the purclmja money —ss. Crown grants and certificates of title granted under the hand of the Registrar General pur« suant to the Land Registry Act 1860, m exempt from these duties.

Deeds or instruments of any kind whato«? not otherwise charged in this Bohodule-103, Exemptions from the preceding duties.—All instruments relating to the services of aj>» prentices, clerks, or servants; all bonds or mortgages, whether affecting real or peraomi estate, bills of sale by way of mortgage, as! all transfers, agreements, releases, re-CK' ! veyanoes and discharges thereof; all liens under the Wool and Oil Securities Art, 1858 ; all customs bonds ; all administration bonds ; all bonds on appointment of special bailiffs. Drafts or cheques, payable on demand, or otherwise—ld. Lease or agreement for a lease, for every £50 or fractional pa?t of £50 of the yearly rent—2s 6d. Leases of waste lands under the provisions of any Waste Lands Act or Goldfields Ao4 are exempt from these duties. Policy of insurance of ships or cargo ! ibr any not exceeding theee months— 2s 6d; all other marine policies, for every £100 or fractional part of £100-la. Promissory notes payable to the bearer oa demand, issued,' by any Bank or Bankirtf Company, at the rate of £i for every £100 - of the average annual amount in eirculattca, as certified under tho Bankers Returns Act, 1858. Keceipts for any sum of £5 or upwards—ls. Exemptions—Receipts for money paid to ■ or for her Majesty ; receipts endorsed ou any duly stamped instrument acknowledging 'the receipt of the consideration money therein expressed; acknowledgment given for any money deposited in any Bank) receipt*for money paid into land, building, abd provided societies. Transfers except by way df -taort* gage of any run or station held under lsaaa from the Crown, or of any interest therein, for every £100 or fractional part of £100 of ' value assessed as provided in the Act—los. Transfer of shares or stock of any corpora* tion, company, or socie'y in New Zedm, where the purchase money shall not excsw £20-Is; exceeding £20 and not exceeding £50—2s 6d ; and bo on 2s 6d for every £50 or fractional part of £50. Schedule 11. Probate of a will and letters of adminifltetion with a will annexed where the effects,.«* sworn to by the executor or administrator are : — Under the value of £100—£1. Above the value of £100 and.uudef £20!K £2. •-. ' Above the value of £200 and under £300----£3. Above the value of £300 and under £4W£4. Above the value of £400 and under £500— £5. And above £500--1 per cent. „ Letters of administration without s W» annexed where the effects are sworn to' by WW administrator:— Under the value of £100—£1 10s. _ Above the value of £100 and under &W*~ €3. ■ Above the value of £200 and under £300----£4 10s. Above the value of £300 and under £400--£6. Above the value of £400 and under $$® £7 10s. And above £500—1 j per cent. Schedule 111. For every legacy or reside or share ot residue, of the amount or value of £20 or upwards :— , , If to a child or any descendant of a chiw oi the deceased, or to the father or mother oracj lineal ancestor—£l per cent. j * r To a brother or sister or any descendant ox* a mother or sister—£3 per cent. To an uncle or aunt or their descendants— £5 per cent. . - lo a grand-uncle or grand-aunt or W® s descendants—£6 per cent. « To a person in any other degree of collatenu sanguimty—£7 per cent. To a stranger in hlood—£lo per cent. . All legacies, residues, or a shares of w«au» given to the husband or wife of the decease are exempt from duty. Schedule IV. The duties charged on successions are &* same as those in the previous schedule »« legacies. .