Page 4 Advertisements Column 6

Lyttelton Times, Volume XXX, Issue 2416, 19 September 1868, Page 4

miscellaneous. QTAMP DUTIES AMENDMENT ACT. The following is an abstract of the provisiis cf tbia Act, which camo into force on Nor. 1 : 1. Short titlo of this Act shall be Stamp Duties Act Amendment Act, 1867. 2. Enacts that this Act shall come into operation, Ist November, 1867. 3. Providos that additional and altered duties as set forth in the schedule are to be levied. ments montioned in tho first sclicdulo whereon other duties are charged by this Act, are repealed. 5. Provisions of former Act apply to this. 6. The duties on foreign promissory notes to bo denoted by adbesivo stampß, 7. Commissioners may use old dies to denote new dulios, 8. Prommissory notes aro defined as notes promising tho payment of any sum of monoy out of any particular fund or upon any condition mado payablo to hearer or order, and not amounting in the whole to 20/. 9. The stamp on an agreement must be canment, by their writing their initials or names and tho date of tho day and year of writing the same, 10. Bills of lading and charter parties are not to bo stomped after they are signed, under a penalty of hfty pounds. Except they are brought | to tho Commissioners within fourteen days after j they aro signed, when they may be stamped. If brought before them atter fourteen days and | Wthin one month, they may still be stamped, but are liable to n 10/ penalty. 11. If any person shall becomo an assurer unon _-,—...... «.. ..u.vuauj, uukjf in uiuue payable, or shall subscribo or underwrite, or make or enter into any contract or ogreement or memorandum of any such insurance, 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 sum of money upon any loss or contingency relative to such insurance, unless such insuranco ehall be engrossed, written, or printed upon vellum, parchment, or paper—duly stamped—or shall be guilty of endeavouring to evado tho duties chargeable on such policies of insurance, he shall be liablo to 100/ penalty. The agent of the assurer or the person receiving any letter or memorandum requesting insurance to pay the duty. I 12. Interest or principal on bonds, debentures, [ or other securities not to bo paid without the instruments being duly stamped under a senaltv I of 20/. f 13. Debentures issued in or on behalf of any Provincial Government by New Zealand are exempt from duly. I 14. Explains Section 31 of former Act. | 16.10/ penalty fixed for signing unstamped receipts. 18. Unst»mped 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, aro liable to a penalty not exceeding 20/. 19. Penalty of 20/ fixed for fraudulent removal or second use of impressed or affixed stamps. 20. Impressed stamps need not be cat-celled—-but they must not be used as adhesive stamps. 21. Commissioners may require declaration of value of property convoyed in exchange for other property. 22. Annuities for life are to be valued by reference to the table contained in third schedule. 23. The allowance of 60s per cent to b» granted in respect of paper or parchment notpoviously written upon-presented to bo stamped—* , enotirjg duties chargeable iu agreements, bills of exchange, promissory notes, bills of lading, drafts or orders for payment (.f money, receipts, policies cf insurance and transfer of shares in corporations, to bo granted whenever the stamps so applied for shall amount to £5 or upwards. 24. A line of 10s is to be paid to the Commissioners when any deed or iistrument 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 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 the manner required by law, may be defaced before Ist January, 1868. 8' Documents insufficiently stamped, made prior to 30th June, 1866, may have stamps affixed of a sufficient value on or before Ist January, 1868. 4. In all cases pior to'3oth 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 complianco with the provisions of the Act. 27. When a conveyance is tendered for assessment of duly, the Commissioners may require evidence by declaraiion of the consideration. 28. Every Eegistrar 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 Mth Section of Stamp Act. 30. Defines meaning of Commisioners. 31 and 32. Amend schedules of Stamp Duties _ 33. The exemptions from duty are mentioned in 2nd schedule. 34. Commissioner may stamp native documents SCHEDULE I. Additional ok Altbbsd Ditiibs. Promissory Noib made or purporting to be made out of the colony but endorsed negotiated or paid within the colony tho same duty as oa an inland bill payable to bearer or to order at any time otherwise than on demand. Bui os Exchange payable 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 .„ 0 1 Receipts for money deposited at interest in any bank or in tho hands of any banker ... „, ' ,„ mi o i Agbbement by deed ... ~, ",' io o COSVETANCES— Where tho consideration or any part of the consideration shall bo any convey, anco or transfer of other land or property by way or in the nature of an uasuuuge snau oe cuargea wun tue art valorem duty in respect of the amount which shall be by tho person executing tho conveyance declared to be the valuo of the land conveyed. Where he consideration or any part of the consideration shall bo any annual sum of monoy payable in perpetuity shall bo charged with the mi 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 miners' property or letters or instrument authorising the transfer or assignment of miners' property where the lettor or instrument ia the mil? n »» __ ,-ni f uOJ ~, im 2 6 Exemplification of probate "26 Counterpart of lcaso or a»roemeM, iy deed ... "... B 6 SCHEDULE II Additional Exemptions prom Dutt. Cheques drafts or orders for tho payment or transminion ot public money by or on hchait of lie Majesty the Queen, or bv or on behalf ot tho Governor or Colonia Treasurer or bv ot on belull ot the Superintendent or Previa, cial .treasurer ot any province Bones ot officers in the Civil Service of Now ZcaUiriwmftoCMl Service of any of the provinces of Now Zoslaud. Lottevs Patent. Warrants or other instruments of appointment to ofhroof the General Government or of any Provincial Government. Licenses to occupy land or en' timber under Acts or regulations relating ut Crown or muto Policiesi insuring tho holder against risk ofloss or damugo by lire, I ' Ol lh™ m ' aBCOoa lim of I)ol ' sonse(rectil, s Ecceipfs for deposits in any post-office or other a ings banks or mij society established purnr ? 1 1° m l ? tho Gon ™' Assembly Z n„H f° T ■ ln . forco relatin S«» Build-aSS&^-^B-litor