STAMP DUTIES.

Lyttelton Times, Volume XXVIII, Issue 2126, 14 October 1867, Page 3

STAMP DUTIES.

There are four schedules to tho Act. T| le f lrg contains the duties on deciln and other instruments rolating to transactions between living persons; tho second, tho duties on probalos ot' wills mid letters of iiiliuiuistriilion; the third, tho duties on legacies and successions to personal estate under any testamentary disposition or upon intestacy; this fourth, duties on successions to real and per- : sQual estate. SCIIEDULK I. Agreement, or minute or memorandum of an agreement, under hand only ivhero the mutter thereof shall be of Hie value of £2O or upwards—h; Bills of exchange (inland) for every £SO or fractional part of £so—ls. Bills of exchange drawn out of the colony, but indorsed or negotiated within tho colony tho' same duly as on an inland bill of the same amount and tonor. foreign tills, if drawn singly or otherwise than in a spL of two or more, the same duty as on an inland bill If drawn in sets of two, Gd, or if in sots of three dd, for every £SO or fractional part of £SO. Promissory notes (other than payable on demand) not exceeding £'2s—(id; exceeding £25 and not exceeding £so—ls; and so on, Is for every. £SO anil fractional part of £SO. B'oniissor^.notes,; payable on demand, issued by aiiy bank'in Sew Zealand, are exempt from thesis duties, banks being otherwise chargeable. Bills of hiding or receipt in lieu thereof from the master, mate or agent of any vessel for goods carried beyond the colony—ls. Conveyances of any kind, oxccpt transfer expressly provided for by tho Act, fir every £SO or fractional- part of £SO of the purchase money—os Crown grants and cerlilieates of title granted under the hand of the .Registrar-General pursuant o the .Land Registry Act 1880, are exempt from these duties.

Deeds or instruments of any kind whatever not otherwise chitrgod in this schedule—HJs. Exemptions from the preceding duties.—All instruments relating to Hie services of apprentices, clerks, or servants; all bonds or mortgages, whother affecting real or personal estate, bill; of sale by way oi mortgage, and all transfers, agreements, releases, re-conveyances and discharges thereof; all preferable liens under the Wool and Oil Securities Act, 1858; all customs bonds; all administration bonds; all bonds on appointment of special bailiffs. Drafts or cheques, payable oit demand, or otherwise—ld.

Lease or agreement for a lease, for every £SO or fractional part of £SO of tin yearly rent—--2s (id. J

Leases of waste lands under the provisions of aiiy Waste Lauds Act or Goldlields Act are exempt from these duties. Policy of insurance of ships or cargo for any period, not exceeding three months—2s Gd; ail other marine policies, for every £IOO or fractional part of £loo—ls, Promissory notes payable to the bearer on demand, issued by any bank or banking company, at tho rate of £2 for every £IOO of the average annual amount, in circulation, as certified under the Bankers Returns Act, i 853. .Receipts for any sum of £5 or upwards—ld.

Exoniplions—lte.ipts for money paid to or An: her Majesty; -receipts endorsed'on anv duly stamped instrument acknowledging the receipt of the consideration inoney therein expressed; acknowledgment given for any money deposited in any ban];; receipts for money paid into land, building, and provident societies. Transfers except by way of mortage of any run or station held under lease from the Crown, or of any interest therein, for eycry .1)100 or fractional part of £IOO of value assessed as provided in the Act—10s.

Transfer of sharps or stock of any corporation, company, or society in New Zealand, where the purchase money shall not exceed £2o—ls j exceeding £2O and not exceeding £so—2s Od ; and so on 2s-fid fur every £SO or fractional part ol £SO,

Schedule 11. 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 £IQO-£l. Above thcA-alucof £!oa and under £2oo—£2. Abovo the value of £2OO and under £3OO -£3, Above the value of £3OO and under £i()0-£l.. Above the value of£ioo and under £soo—£s. And above £soo—l per cent. letters of administration without a will an noxcu whore the elfects arc sworn to by the administrator:— Under the value of £loo—£l 10s. Above the value of £IOO and under £2oo—£3. Above the value of £2OO and under £3OO-£i 10s. Above the value of £3OO and under £IOO-£O. Above the value of £-100 andj under £soo—£7 And above £soo per cent. Schedule 111. For every legacy or residue or share of residue, ft he amount or value of £2O or upwards : If to a child or any descendant of a child of the deceased, or to the lather or mother or auy lineal per cent. To a brother or sister or my descendant of a mother or sister—£3 per cent. To an uncle or aunt or their descendants—£s per cent, To a grahd-unelc or grand-aunt or their descendants-r£6 per cent. To a person iii any other degree of collatera sanguihity—£7 percent. To a stranger in blood—£lo per cent. All■■ legacies; residues, or shares of residues given to the husband or wife of tho deceasod are exempt from.duty. Schedule IT. The duties charged on successions are tho same as those in the previous schedule on legacies. Mails for O.tago and Southland will close at Christchurcb, at 8 a.m., and Lyttelton, at 11 a.m. on Wednesday the 25th inst.