STAMP DUTY ON CASH SALES.

Press, Volume LXIX, Issue 20898, 4 July 1933, Page 13

STAMP DUTY ON CASH SALES.

TO THE BDtTOR 07 THB PRESS Sir, —Can you inform me if it is necessary to put 2d stamp duty on a cash sale docket of £2 or over? I am informed that there was a test case on this matter six or seven years ago, and that it was decided that it was not necessary where the name of the purchaser is not included on the docket, and the words "paid" or "received" are not included. I am informed that the words "cash sale" can be stamped on the docket without making the instrument liable to stamp duty.—Yours, etc., YARDSTICK. Greymouth, June 30, 1933. [On page 149, commencing at paragraph 176, of the Stamp Duties Act, 1923, it is stated: "The term receipt means any writing whatsoever whereby any money amounting to £2 or more, or any cheque, bank note, bill of exchange, or promissory note for money amounting to £2 or more is acknowledged or expressed to have been received, deposited, or paid . . . . settled, satisfied, or discharged, or which signifies any such acknowledgment, and whether the same is or is not signed with the name of any person . . The following paragraph states: "Any receipt executed in New Zealand shall be charged with the duty of 2d, and may be written on stamped paper, or the duty may be denoted by adhesive stamp, which shall be afflxed and cancelled by whom the receipt Is given before he delivers it out of tils hand."]