Page 3 Advertisements Column 1

Nelson Evening Mail, Volume I, Issue 214, 12 November 1866, Page 3

Where,* the purchase dr consideration £ s. d. money', therein or thereupon ' expressed shall not' exceed £50 .-■ V .050 Ahd where the .same shall exceed £50, anil. not exceed £100 .-■.'.,. 0 10 0 And where the same shall exceed £100,* '*. tlien for every £50, and any frae- .. ■ tional part of £50 . -■ . . . . 0 5 0 Tlie' consideration must be truly expressed in words, upon «ach principal deed of conveyance, and if value be given in stock or other security, its value must in like manner be set forth in full. When consideration is in Government or other stock or debentures,' the duty is payable on the average selling price at the time of the conveyance Property held under different titles, sold at one entire price must be conveyed to buyer in separate parcels, so that a distinct price may be expressed on each conveyance to be charged with the ad valorem duty. . Property contracted for by several persons jointly, or by one for himself and others, or • wholly for others at one entire, price for the whole, shall be conveyed in parcels by separate words containing statement of the share of purchase money paid for each, so as to admit of the imposition of an ad valorem Stamp Duty. Where separate parcels are conveyed to the use of different persons in one deed, such deed shall be charged in respect of the aggregate purchase money. In case of a sub-sale of property before a conveyance has been made, the conveyance shall then be to the sub-pnr-chaser, with the. price stated on the principal deed. Wlien the sub-sale is made ito varrious individuals for different parts of the property, separate conveyances shall be made to each with the consideration expressed on the principal deed. In case of sub-sale, the sub-seller and purchaser deemed the seller and purchaser within the meaning of the Act. But in case of an actual conveyance of the interest of the person immediately selling to the sub-purchaser, which shall be chargeable with ad valorem duty, any deed or conveyance made to sub-purchaser afterwards by original seller shall be free of ad valorem duty, and . liable only ;to ordinary stamp as a deed. Where property bought of different persons, is conveyed to the buyer- by- a single deed, the ad valorem duty on the deed is calculated on the agre- . gate of the various purcalise moneys. Lands sold subject to mortgage, or to any sum afterwards to be paid, duty is payable on the value of such mortgage or subsequent payment. Exemptions from the preceding Duties on conveyances — Any grant from the Crown under the hand of the Governor for the time being of the Colony of New Zealand, to any purchaser of Crown Lands in New Zealand. Any certificate of title granted under the hand of the Registrar-General, pursuant to " The Land Registry Act, I860." Deed, or instrument of any kind whatever, not otherwise charged in this Schedule 0 10 0 Exemptions from the preceding duties on deeds or instruments not otherwise charged in tins Schedule — Apprenticeship and Clerkship— All instruments relating to the services of apprentices, clerks, or servants. Mortgage — All bonds and mortgages, whether affecting real or personal estate, bills of sale by way of mortgagee, and all transfer's, agreements, releases, re-coiiveyances, 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. Draft, or order, including cheques, or orders on bankers. for the payment of any sum of money to a payee named, or to bearer, or to order, either on demand or otherwise, not otherwise charged . . ... . .001 Lease, or agreement for a lease, or any written document for.the tenancy, or -occupancy of any lands, tenements, or hereditaments, without any consideration by way of premium, thefollowing duties, in respect of the yearly rent — Where the yearly rent shall not execeed £50 . . .. . • • .026 Where the same shall exceed £50 and • :not.exceed£loo . . . .050 Above £100 for every fractional part of - £50. ;'.;,.. . . • .026 Lease, or agreement for a lease of any lands, tenements, or hereditaments, granted in consideration of a sum of money by way of premium, without rent or with an annual rent (c).