Page 4 Advertisements Column 6

Lyttelton Times, Volume XXX, Issue 2415, 18 September 1868, Page 4

•Miscellaneous. TAMP DUTIES AMENDMENT ACT. The foJUwing is an abstract of the provisina ci this Act, which carao into force on Nov. 1 : 1, Short titlo of this Act shall bo Stamp Duties Act Amendment Act, 1867. 2. Enacts that this Act shall come into operation, Ist Novombcr, 1867. 3, Provides that additional aid altered duties as set forth in tho schedule are to be levied, 4. Stamp duties now payable on the instruments mentioned in the first schedulo whereon other duties are chavged by this Act, are repealed. 6. Provisions of former Act apply to this. 6. Tho duties on foreign promissory notes to bo dnnotod by adbesivo stamps, 7. Commissioners may uso old dies to denote new dutios.

8. Prommissory notes aro defined as notes pro■'sing tho payment of any sum of money out of y particular fund or upon aty condition made payablo to bearer or order, and not amounting in the wholo to 20*. 9. The stamp on an agreement must be canmcnt, by their writing their initials or names and the date of the day and year of writing tho same. 10. Bills of lading and charter parties are not to be stamped after they aro signed, under a penalty of fifty pounds. Except they are brought to tho Commissioners within fourteen days after they arc signed, when they may be stamped. If brought before them after fourteen days and within one month, they may still be Btamped, but are liable to a 102 penalty. 11. If any person shall become an assurer upon able, or shall aubscribo or underwrite, or make or enter into any contract or agreement or memorandum of any_ such insurance, or shall receive or contract tor any premium or consideration for any such insurance, or shall knowingly take upon himself any risk or render himself liable to pay any sum of money upon any lots or contingency relative to such insurance, unless such insurance shall be engrossed, written, or printed upon vellum, parchment, or paper—duly stamped—or shall be guilty of endeavouring to evade the duties chargeable on such policies of insurance, he shall be liable to 1002 penalty. The agent of the assurer or the person receiving any letter or memorandum requesting insurance to pay the duty. 12. Interest or principal on bonds, debentures, or other securities not to be paid without the instruments being duly stamped under a penalty of 20/. _ ' 13. Debentures issued in or on behalf of any Provincial Government by New Zealand are exempt from duty. 14. Explainß Section 31 of former Act. 15.102 penalty fixed for signing unstamped receipts. 16. Unstamped receipts not to he taken n evidence until the duty and penalty aro 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 202, 19. Penalty of 202 fixed for fraudulent removal or second use of impressed cv 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 bi granted in respect of paper or parchment notjjwviously written upon—presented to be stamped—Sanoting duties chargeablo in agreements, bills of oxchange, promissory notes, bills of lading, drafts or orders for payment i.f money, receipts, policies of insurance and transfer of shares in corporations, to be granted whenever the stamps so applied for shall amount to £5 or upwards. _ 24. Aline of 10s is to be paid to the Commissioners when any deed or instrument is presented to. them for their opinion as to the amount of duty chargeable thereon. 25. The Commissioners are authorised to stamp documents which remain unstamped pending the decision of the Supreme Court without exacting any penally. 26. Irregularities prior to 30th June, 1867, to be remedied as follows: of a sufficient value prior to 30th June, 1867, shall be deemed valid. 2. Stamps not defaced in the manner required by law, may be defaced before Ist January, 1868. 3 1 Documents insufficiently stamped, made prior to 30th June, 1866, 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 use 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 Begialrar of Deeds shall refuse to register any instrument liable to duty dated after Ist January, 1867. and not duly stamped. 29. Interpretation of any intestate in 44th Section of Stamp Act, 30. Defines meaning of Commistoners. 31 and 32. Amend schedules of Stamp Duties Act. _ 33. The exemptions from duty are mentioned in 2nd schedule. 34. Commissioner may stamp native documents SCHEDUIE I. Additiosh ok Aitebed Duties, Pbomhsoet Uotb made or purporting to he made out of the colony hut ondorsed negotiated or paid within the bill payable to .bearer or to order at any time otherwiie than on demand. Bin op JExchanqe payablo on demand which shall be endorsed out of the colony or purport to be so endorsed wheresoever the same may hare been drawn but paid within the colony „. BECBiPisfor money deposited at interest in any bank or in the hands of any banker ... Agebbmbht bj deed ... ... "' ; COHVITAHCES—VVherothe consideration or any part of the consideration shall bo any convey, ance or transfor of other land or property by way or in tho nature of an exchange shall bo charged with the ad valorem duty in respect of the amount which shall be by th» person executing tho conveyance declared to be the valuo of tho land conveyed. Where he consideration or any part of the consideration shall be any annual sum of monoy payable in perpetuity shall be charged with the ad valorem duty in rospect of the amount which shall according to the Table in Sohcdule 111, hereto annexed appear to be the value assignod to such annual Absionmbni or transfer of minors' property or letters or instrument authorising tho transfer or assignment of miners' property where tho letter or instrument is tho only act required on the part of the vendor or assignor. Where the purchase or consideration money therein expressed or the valuo of the property transferred or to bo transferred shall not excocd2o2 ,„ 1 0 Exceeding 202 and not exceeding 502.'.', 2 6 Exceeding 502 and not exceeding 1002 5 For every additional 502 or fractioio) uart foo2 ... „, 2 « Exemplification of probate "20 CouNTERPAm of lease or agreomeiA "y deed .« ... 2 6 SCHEDULE II Additional Exbmptions jboji Duit. Cheques drafts or orders for the paymont or transillusion ot public money by or on behaitof Iter Majesty, tho Queen, or bvoronbohalf ot tho Governor or Colonia Treasurer or by or mi behalf ot tho Superintendent or Proviucuil treasurer of imv province Bonds of ofa.* in the Civil Service of New Zea. provinces of Sew Zealand, letters Patent. Warrants or oilier instruments of appointment to 0 lice of the Gcmral Government or of any J. rovinnal Government. Licenses to occupy hmd or cu' timber under Acts W regulations relating « Crown or wasto Policies insuring the holder against risk of loss or damago by Inc. Mcworaaurancoou lives of persons effects the same. ° Eoreipis fur deposits in any post-office or other savings banks or any society established purBiuint to imv Apt. nf n.» rs 1 «„_.*. > f,„. ii„»- 1 • • . UKU «™ assembly lor the time being m force relating to Build■in- and Land.: Societies or l-xiendly.Bondt or Industrial Societies.