Page 4 Advertisements Column 4

Timaru Herald, Volume VII, Issue 229, 7 August 1867, Page 4

STAMP DUTIES ACT. The following is the new Stamp Duties Act passed m the General Assembly of New Zealand last session. SCHEDULE I. Containing the Duties on Deeds and other Instruments relating to Transactions between Living Persons. £ s. d. Agreement or any minute or memorandum of any agreement under hand only, where the matter thereof shall be of the value of £20 or upwards ; whether the same shall only be evidence of a contract or obligatory on the parties from its being a written instrument, together with every schedule receipt or other matter put or endorsed thereon or annexed thereto 0 10 Provided always, that where divers letters shall be offercdinevidenee to prove any agreement between tho parties who shall have written such letters, it shall be sufficient if any of such letters shall be stamped with a duty of two shillings and sixpence. Bills of Exchange — Inland Bill of Exchango Draft or Order for the payment to the bearer or to order at any time otherwise than on demand of any sum of money not exceeding £50 ' ... 0 1 0 Ditto, not exceeding £100 ... 0 2 0 And where the sum shall exceed £100, then for every £50, and also for fractional part of £50... 0 1 0 Foreign Bill of Exchange drawn m but payable out of tho colony of New Zealand — If drawn singly or otherwise than m a set of two or more (a) If drawn m sets of two, then for every bill of each set where the sum payable shall not exceed £50 ... 0 0 6 And where it shall exceed £50 and not exceed £100 ... 0 1 0 And where the same sliall exceed £100, then for every £50 or any fractional part of £50 0 0 6 If drawn m sets of three or more for eveiy bill of each set where the sum payable thereby' shall not exceed £50 ... 0 0 4 And where it shall exceed, £50 and no* exceed £100 .. 0 OS And whore tho same shall exceed £100, then fpr_every £50 and also any fractional part of £50 0 0 4 Exemptions from tho foregoing duties on bills of exchange, all debentures and treasury bills - issued by the Government of , New Zealand. All drafts or orders for the payment of any sum of money' to the bearer on demand, drawn upon any banker, person, or company, aro exempt from the foregoing duties but aro subject to the duty of Id charged upon drafts or orders. Bill of exchange drawn out of the : colony, but endorsed or negotiated within the colony, the same duties ns on a bill of exchange drawn within the colony, and payable within tho colony (b) Promissory Note, for the payment m any other manner than to tho bearer, on demand, of any sum of money not exceeding £25 O O G Exceeding £25, not exceeding £50 0 10 Promissory Note, for the payment cither to the bearer, on demand, or m any other manner than to the bearer, on demand, of any sum of money exceeding £50 and not exceeding £100 ... 0 2 0 Where the sum sliall exceed £100 then for every £50, and fractional part of £50 ...0 1 0 Exemptions from the foregoing duties on promissory notes, but not from any other duty to wliich the same may be liable. All promissory notes, for the payment of money on demand, issued by any Bank or Banking Company m New Zealand authorized to issue such notes, and making such returns, and . ; . paying such compositions as is m this Act respectively mentioned. All bills, drafts; or orders, or promissory notes for the payment by any Bank or Banking Company of any sum of money, , , though not made payable to ; ; the bearer pr to order, and . whether delivered to the payee : : or not, and all writings or tlocu- . . , ments entitling, any person to ; the payment by any Bank or . ■ ■ • Banking Company of any sum , of money, whether the person- ; • ■-■ to whom payment is to bo; • made shall bo named or desig- . nated therein or not, or whether . ■ they, shall bo delivered to him or ; ■ ■ ■ : . not, shall respectively • Jbe ■ ' deemed to bo bills, drafts, or < . . orders for the payment of money i chargcablo with Stamp Duty, as if tho same had been made payable to bearer or to order ■ ' Bill of Lading, or receit m lieu . ' thereof from master, mate or agent of any vessel, for. any goods, merchandise, or effects to bo carried to any place' be . 'ybnd the boundaries of the . \ colony— for every such bill of :. • lading, or receipt, or copy thereof , • . ... 0 Q 0 Conveyance— Of any kind or description whatsoever, upon the sale of any •' property m respect of the principal or only writing, whereby the property sold shall' be'eonveyed to or vested m the pur- ■ chaser, or any other persori ; or' persons by his direction (except : . ; ■ transfers expressly provided for • ' ' by this act) — ''..'' : ' - .' When the purchase or consideration money therein or thereupon expressed shall not exceed £50 ... „. ;;, 0 5 0 And where the same shall exceed £50 and not exceed £100 ... 0 10 0 . And where the same shall exceed •'. £100, then for every £50, and any fractional port of £50 ... 0 5 0 Tho consideration must be truly expressed m words upon each principal deed of conveyance, and if value be given m stock or other security, its value must m like manner be set forth m full. ; When consideration is m Government or other stock or deben- . tures, 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 m . separate parcels, so that a dis- ' ; : tinct 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 ■ r for others at one entire price for : ■; the whole, shall be conveyed m parcels by separate -words con- • taining statement of the share of purchase money paid for each, . so as to admit of the imposition • of^an ad valorem Stamp Duty. (o) The same duty as on an Inland Bill of the same amount and tenor. ; (6) The same duty.as^on an Inland Bill of the same amount and tenor.