Page 4 Advertisements Column 4

Lyttelton Times, Volume XXIX, Issue 2339, 22 June 1868, Page 4

Miscellaneous. | gTAMP DUTIES' AMENDMENT ACT. The follewing is an abstract ef the provieums »I this Act, which came into fores on Not. 1 : 1 1. Short title of this Act shall be Stamp Duties ' Act Amendment Act, 1887. 2. Enacts that this Act shall come into opera- ' tion, Ist November, 1867. i 3. Proiides that additional and altered duties ' as set forth in the schedule are to he levied. ' 4. Stamp duties noir payable on the instruments mentioned in the first schedule whereon other duties are charged bj this Act. are repealed. 6. Provisions of former Act apply to this. 6. The duties on foreign promissory notes to be denoted by adhesive stamps, 7. Commissioners may use eld dies to denote new duties. 8. Prommißsory notes are defined as notes promising the payment of aay sum of money cut of any particular fund or upon any condition made payable to bearer or order, and not amountine in the whole to 202. 9. The stamp on an agreement must be cancelled by two of tho parties exocuting such agreement, by their writing their initials or names and the date of the day and year of writing the same, 10. Bills of lading and charter parties are not to be stamped after they are signed, under a penalty of fifty pounds. Except they are brought to the Commissioners within fourteen days after they are signed, when they may be stamped. If brought before them after fourteen days and within one month, tbey may still be stamped, but are liable to a 101 penalty. 11. If any person shall become an assurer upon any insurance on which any duty is made payable, or shall subscribe or underwrite, or make or enter into any contract or agreement or memorandum of any such iisurance, or shall receive or contract for any premium or consideration for any such insurance, or shall knowingly take upon himself any risk or render himself liable to pay any Bum of money upon any loss or contingency relative to such insurance, unless such insurance shall be engrossed, written, or ! printed upon vellum, parchment, or paper—duly I stamped—or shall be guilty of endeavouring to I evade the duties chargeable on such policies of I insurance, he shall be liable to 1001 penalty. The agent of the assurer or the person receiving any letter or memorandum requesting insuranco to pay the duty. 12. Interest or principal n bonds, debentures, or other securities not to opaid without the instruments being duly stamped under a penalty of 20*. 13. Debentures issued by or on behalf of any Provincial Government in New Zealand are exempt from duty. 14. Explains Section 31 of former Act. 15. 10J penalty fixed for signing unstamped receipts, 16. Unstamped receipts not to be taken n evidence until the duty and penalty are paid. 17. Commissioners may authorise persons to sell stamps. 18. Persons acting as distributors of stamps without being licensed, are liable to a penalty not exceeding 20l 19. Penalty of Wl fiied for fraudulent removal or second use of impressed or affixed stamps. 20. Impressed stamps need not be cancelled—but they must not be used as adhesive stamps. 21. Commissioners may require declaration of value of property conveyed in exchange for other property. 22. Annuities for life are to be valued by reference to the table contained in third schedule. 23. Tho allowance of 50s per cent to bo granted in respect of paper or parchment not previously written upon—presented to be stamped—denoting duties chargeable in agreements, bills of exchange, promissory notes, bills of lading, drafts or orders for payment of money, receipts, policies of insurance and transfer of shares in corporations, to bo granted whenever the stamps so applied for shall amount to £5 or upwards, _ 24. A fine of 10s is to be paid to the Commissioners when any deed or instrument is presented to them for their opinion as to tho amount of duty chargeable thereon, 25. The Commissioners are authorised to stamp documents which remain unstamped pending tho decision of the Supreme Court without exacting any penalty. 26. Irregularities prior to 30th June, 1867, to be remedied as follows: 1. Documents stamped with postage stamps of a sufficient value prior to 30th June, 1867, shall be deemed valid. 2, Stamps not defaced in tho manner required by law, may bo defaced before Ist January, 1868. 3' Documents insufficiently stamped, made prior to 30th June, 186 C, may have stamps affixed of a sufficient value on or before Ist January, 1868. i, In all cases pior to 30th June, 1867, in which adhesive stamps have been affixed instead of impressed stamps—such uso of adhesive stamps shall be held to have been in compliance with the provisions of the Act. 27. When a conveyance is tendered for assessment of duty, the Commissioners may require evidence by declaration of the consideration. 28. Every Ecgistrar of Deeds shall refuse to register any instrument liable to duly dated after Ist January, 1867. and not duly stamped. 29. Interpretation of any intestato in 44th Section of Stamp Act. 30. Defines meaning of Commisioners, 31 and 32. Amend schedules of Stamp Duties Act. r 33. The exemptions from duty are mentioned in 2nd schedule. 34. Commissioner may stamp native documents Additional oe Alteeed Duties. s. d. Peomissoey Note made or purporting to be made out of the colony but endorsed negotiated or paid within the colony the same duty as on an inland bill payable to bearer or to order at any time otherwise than on demand. BilL OF Exchange payable on demand which shall be endorsed out of the colony or purport to be so endorsed wheresoever the same may have been drawn but paid within the colony ... 0 1 EBCEiPTsfor money deposited at interest in any bank or in the hands of any banker ... ... ... ... o 1 Ageeejient by deed 10 0 Conveyances— Where the consideration or any part of the consideration shall bo any convey, ance or transfer of other land or property by way or in tho nature of an exchange shall be charged with the ml valorem duty in respect of tho amount which sball bo by the person executing the conveyance declared to be tho Take of the land conveyed. Where he consideration or any part of the consideration shall be any annual sum of money payable in perpetuity Bhall be charged with the ad valorem duty in respect of the amount which shall according to the Table in Schedule 111, hereto annexed appear .to be the value assigned to such annual sum of money. Assignment or transfer of miuers' propcrty or letters or instrument authorising the transfer or assignment of miners' property where the letter or instrument jb the only act required on the part of the vendor or assignor. Where the purchase or consideration money therein expressed or the taluo of the property transferred or to be transferred shall not exceed HOI ... 1 0 Exceeding 202 arid not exceeding 60L. 2 0 Exceeding 60i ani-'not oxceeding 100!... 5 For every additional 00l or fractional oart f6O! 2 6 Exemplification of probate ,„ 2 0 Counterpart of lease or agrecnieiM, .y deed „. ... 2 6 SCHEDULE II Additional Exemptions pbom Duty. Cheques drafts or orders for the payment or trans-Uii.-sion of public money by or on bclmit of Her Majesty the Queen, or by or on behalf of the Governor or Colonia Treasurer or by or on behalf ot the Superintendent or Provincial Treasurer of any province. Bonds of officers in the Civil ServKu of New Zealand or in tho Civil Servieo of any of tho provinces of New Zealand. letters Patent. Warrants or other instruments of appointment to office of the General Government or of any Provincial Government. licenses to occupy land or cut timber under Acts or regulations relating to Crown or waste lands. Policies insuring the holder against risk of loss or damage by fire, Policies of assurance on lives of persons effecting the same. Eeceipts for deposits in any post-office or other savings banks or any society established pursuant to any Act of the General Assembly for the time being in force relating to Building and Land Societies or "Friendly Beufit or Industrial Societies,