STAMP DUTIEfS ACT. TJie following js the new Stamp duties Act passed \n the General Assembly of New. Zealiin4 last session, and which came into jfor.ee pn the Ist hist :- SpHEpULE I. PqxTAixixp the Duties on Dekdr and OTHER iNSTRyMEKTS RELATING TO TRANSACTIONS Living Persoxs,. ■ / ■■ '■::'■-■ ." ■'■ '■■■ .<■■». d ApREEMEj;! Pr any minute or me ? . moranflum of any agreement j jinder nand only, wnere" the J matter thereof shall be of the value' of L2O or upwards': whether the same shall pnly be evidence of a contract or obligatory on the parties from its being a written instrument, together with every schedule yepeipt pr other m«atterpiit or endorsed- - thereon or annexed thereto "01 0 Proyided always, that where divers * letters shallbeoffereA in eyidertce • to prove any agreement between - the parties who' shall haye . written, such letters, it shall |)p " sufficient if any of such letters ' g. ehall be stamped >vitha duty of two shillings and sixpence. .' - BIIXS OF EXCHANPE— ' " ; ' Inlaud Bill of Exchange Praft or Order for the payment' to the . bearer ' or to . ordey at any time.. . othierwise thaii pri dein.jtnd' pf sum' of 'money not exceed ingLso ■'■■'" " '"'"' .'l.' 0 1 0 Pifcto, not exceeding LIOO .. .!. () 2 0 And where the siim shall exceed LIOO, then 'fp'%. every; Lso/-anjj also for fractional part of LSO 0 1 0 Foreign Bill' of Exchange drawp .■■/.. . in but payable mVt 'bftlu' fu i ii ,', , , y" ' -Tof New Zealajjd^^ - l ••''■..:• • ."TC^flMKigly oj* otherwise of 'two or more (a) in sets of two, their for . ■ tvery bill pf each set whef p tfie sum payable shall not' exceed -: LSO ;.-,' ■• ri ■ .. 0p 6 And where it "shall exceed LSO and not exceed 'LlOO ' ... Q 1 0 And where fhe same shall exceed .".' .[ Llppi then fpr every LSO or any • fractional part^pf LSO Q Q 6 If drawn set? oi three or mprp for every bill of each set where _ — - •-~~ihp_sjnn' payable thereby shal} not exceed LSO ' ' ... 0 p. 4 And where it shall exceed LS.P ' and nhtexceed LIOO " l> '..'. Q_ Q 8 And where ihe same shall exceed 'J4OO, t^en.' for eyery LSQ anc| aIBO any fractional part'of Ljso '0/0, 4, -Exemptions" from ' the foregoing duties pupils' qf exchange, a^ debentures •and. treasury billg issued by the Government of New l Zealand. All drafts or orders fpr the payment of any ?um of money to the bearer o\\ demand, ' drawn ' upon" any banker; pefs'pii, riy company, ai-e exempt from the foregoing duties but are subject to the diity o! 1 d changed upon drafts or'orders.' Bill of Exchange dr^wii out of the colony, but endorsed, or negotiated within the cploiiy, the. same duties as oii a bill oi ex : changedrawit within the colony, ; and payable within the colony Promis|pry Note, for the payment in any other mHnncr than to the *^«-'' bearer, on demand, of any sum v — of money not exceeding L 25 0 0 6 Exceeding L 25, not exceeding LSO 0 1 0 Promisspry Note, for the payment either tp"i;he bearer, pn demandj or iv any oth^nianner iliaii fa the bearer, on "t^maiid, of 'any sum of money exceeding Lsu and not exceeding &100 ... 0 2 0 Where the sum shall exceed LIOO "then fpr every' Lso, dnd frac: tional part of Lo{) ' 'V k ' ... 0 1 Q .Exemptions from the fpregbing duties on promissory notes, but — - not from any ' pther ctyty to which the sanic may' be liable. All proinissoiy notes, for the payment of money pn demand, issued by any Bank or Banking pompany in New Zealand authorised to issue such lio'^es,' ■» 9iid making such returns, and v paying such compositions as is \ in this Act respectiy ely mentioned. '."'.'■' All bills, drafts, or ordeis, or promissory notes for the payment by any Baii^ pi* Baiiknig' Company of' any sum of money, though not made payable to ijhe bearer or to order, and whether delivered to the paye^. Pr not, and all writings pr documents entitling any person to {he payment' by any Bank py. - Banking Company of any suni of money, wheflier the.persp^i •^o whom payment {s^ to be made shall be' named pr design nated therein pr n'pt, or whether {he shall po'^efiyere'd \o' him ay. *■ not, sha^l respectively ' iVe deemed to ' be' bills, 1 clrafts, or. ordersfor the payment of money chargeable ' with fetaiup Puty, as if the saniehad been made, payable tp^bearer pr to order. Bill of Ladin^, or receipt iii fi'e\y. thereof from master, mate, . or. agent of any vessel, for any goods, merchandise, or' effects tobe carried "to any place beyond ihe boundaries" of the cplpny— fpr every stich bill of ladmg, or receipt,, or copy the^e- •'*■■' of • •"■'" " v v " * ' ' 1 -' /i - iV: :,v''o/'"^ 0 1^ Conveyance— "'. Of any kind or description wha^: soeyjr^ .upon ' the sale of any property iv respect of the principal or only writing, whereby the property sold ' shall be conveyed tp or vested in the purchaser, or any other person or persons by his dii e^tion (except transfers expressly provided for by this act)— _ ii iHlJirrr tlir purchase pr consideration inpney therein or thereupon expressed shall not exceed LSQ 0 5 0 And where the same shall excce^l ' LSO, and not exceed HOO " ..." 0 \Q t 0 And where ihe same shall exceed LIOO, then for every i.50, ans I any fractional part pf L&Q •••' 05 0 The consideraliph must be truly expressed in words upon each^ principal deed % of conveyance', and if value'be giyp in stock or other security, its value mus^ in Uke manner be set forth in full. ' ' ' "When consideration is in Govern"inent or other stock or deben-. tures, the is payable on average selling pride at the^ time of the conveyance. Property held 'under different titles, sold at one entire price,
"- (a) The same duty as on an Inland B#l of the same amount and tenor. (tf) The same duty as on au Inland Bill of the. samp amount and tenor.
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Bibliographic details
Grey River Argus, Volume III, Issue 182, 14 March 1867, Page 4
Word Count
981Page 4 Advertisements Column 1 Grey River Argus, Volume III, Issue 182, 14 March 1867, Page 4
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