STAMP DUTIES.

Press, Volume XII, Issue 1550, 25 October 1867, Page 2

STAMP DUTIES.

There are four Bo'iedules to the Act. The first contains the d jties on deeds and other instruments relating to transactions between living persons; the second, the duties on probates of wills and letters of administration ; the third, the duties on legacies and successions to personal estate under any testamentary disposition or upon intestacy; the fourth, duties on successions to real and personal estate. Schedule I. j Agreement, or minute or memorandum of an agreement, under hand only where the matter thereof shall be of the. value of £20 or Upwards—?ls. Bills of exchange (inland) for every £50 or fractional; part of £50—Iβ. ~ Bills of exchange drawn out of the colony, but indorsed or negotiated within the colony the same duty as on an inland bill of the same amount and tenor. : Foreign bills, if drawn singly or otherwise than in a set of two or more, the same duty as on an inland bill. If drawn in Bete of two 6d, or if in sets of three 4d, for every £50 or fractional part of £50. i Promissory notes (other than payable on demand) not exceeding £25—6 d ; exceeding £25 and not exceeding £50*-le; and' so on, Iβ for every £50 and;fractional part of £50. ! Promissory notee, payable on demand, issued by ■ • any ■ Bank in \N c w Zealand, ■ are: exempt from these duties, Banks: being otherwise chargeable. . ; Bills of lading or receipt in: lieu theredf . from the master, mate, or agent of any ressel • for 5 goods earned beyoiid theicolony—ls. -.m Conveyances of any kind, except transfer espressly provided for by ifche; Act, for ever '■ £50 or fractional part of £50 of the purohas' money~is»;-; r , •.•■■ •:'r ..-.■■>.":■.■..■.■■■ »; Crown grants and certificates of title granted ■ under the .'hand of .the Registrar-General pur!- , euant to the Land < Eegistry Act; I860,? are exempt from these duties. , , Deeds or instruments of any kind whatever not otherwise charged in this schedule—los. Exemptions from the preceding duties.— All instruments relating to the services of apprentices, clerks, or servants; all bonds or mortgages, whether affecting real or personal estate, bills of sale by way of mortgage, and ■ all transfers, agreements,, release** re-con-veyances and discharges thereof j all preferable liens trader the Wool and Oil Securities Aci, 1858 ;' all customs bonds; all edminisftation bonds } all bonds on appointment of special bailiffs. .•■•■.■• Draffs or cheques, payable on demand, or otherwise—ld. i Lease or agreement for a lease, for every £50 or fractional part of £50 of the yearly rent—2*6d. ; Leases of waste l&nda under the provisions of any Waste Lands Act or Goldfields Act are exempt from these; duties. j _ of > nßU .rance cn 'P 8 or cargo for "~aay period, not exc'eedihg theee months— 2s 6d j all other nnarine. policies, Lfor every ,£IOO or fractional part of £100—Iβ, 1 Promiseory notes payable to tlie bearer on demand,, ieaued rby any Bank or Banking Company,' at the'rate of £2 ior every £100 of the average annual amount in circulation, 0 ■ed certified 'under the Bankers Keturns Act, 1858... lleeeipta foraay sum of £slor5 l or upwards—ld. Exemptions—Beceipt* for money paid to Jier &fajeety ; receipts, endorsed ou. any stamped inebrument acknowledging the recefpt* of the consideration money therein exprmaed; acknowledgment given: for' any ! money deposited in any Bank: receipts for ; money paid into land, building, and provident 'societies.' Trariefers except by way of mortgage of any run or station held underlease ' JToni the Orown, or of any interest therein, fpr'emy £100 or fractional part of £100 of • Taloe assessed as provided in the Act—los. 3Jraaßfer of shares or stock of any corporation, company, or eocie'y in New Zealand, . wherjs the purchase money shall not exceed JB^S—lβ; (Pxceedbg £20 and not exceeding 6$ ; and so on 2s 6d for every £50 or iractional part of £50. 15J.8.-r-All conveyances, assignments, surrenders, leases, and agreements to let or lease, transfer of shares, end transfer of runs, are charged with the ad valorem duty. All deeds of appointment, deeds of com* position, deeds of covenant, deeds of exchange, ' deeds of partnership and diesolations of partnership, deeds of partition, declarations of trust, assignments in trust, marriage or other settlements, -awards, attested copies, bonds {absolute), powers and warrant? of attorney, memorials of judgment and grants, and all pther;;,deeds■ not exempted in the above schedule, are charged with the 10s stamp, and together with probates and letters of administration have to be stamped at the Stampoffice, Government buildingß. by Mr W. Ifcrlcr, tne etamping clwt. ■Vγ**:

But all agreements (except agreements to !et or lease), bill* of lading, policies of >nßurwncp, bille of exchange, drafts or orders, jromissory notes and receipts for money may >c stamped by the makers themselves or the I holders thereof. Schedule IT. Probate of a, will and letters of administration with a will annexed where the effects as sworn to by the executor or administrator are :— Under the value of £100—£1. Aboye the ralue of £100 and under £200— £2. Above the value of £200 and under £300— £3. Above the value of £300 and under £400— £4r - ■ •- , Above the value of £400 and under £500— £5. . And above £500—1 per cent. Letters of administration without a will annexed where the efieete are sworn to by the administrator :— Under "the value of, £100—£110s. Above the value of £100 and under £200— €3. Above the value of £200 and under £300— £4 10s. Abovejthe value of £300 and under £400— £6. Above the value of £400 and under £500 £7 108. And above £500— per cent. SCHEDTJXE 111. For every legacy or residue or share of residue, of the amount or value of £20 or upwards :— If to a child or any descendant of a child of the "r '<> tho father or mother or any "lim*i<! .:< ■< '"t —£1 per cent. To a brother or sister or any descendant of a mother or sister—£3. per. cent. To an uncle or aunt or their descendants—: £5 per cent. To a grand-uncle or grand-aunt or their descendants—£6 per cent. To a person in any other degree of collateral sanguinity—£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 deceased are exempt from duty. Schedule IV. The duties charged on successions are the same as those in the previoue schedule on legacies.