Page 4 Advertisements Column 4

Timaru Herald, Volume IX, Issue 341, 2 September 1868, Page 4

ABSTRIctV 6F~ r STAMP *itTTE^I :: '- AME3TDMEITT ACT. Paesed, October, 1867. Cake nrro Fobck, JCovhibeb 1. 1. Short title of this Act shall be Stamp ;DutiDs Act Amendment Act, 1867. . .' . 2. Enacts that this r Act BhaU come into £pcratM>B, l*t November, 1867. - -Jidi' Prondes that additional and altered ■d«tie»'a«':-aet -forth m the schedule'are to-be . levifed. ' ; • ; • ■'i ■-■■;;"". i "■■ 4j Stamp idutiea now payable on the in- '■ fjfcrunicnta jxientioned; m the first schedule ■whereon other 1 " duties are charged by- this Act, are'repcaled. 5. Provisions of former Act apply to this. 6. The duties on foreign promissory notes to be denoted by adhesive stamps. 7. Commissioners may use old dies to denote new duties. ' 8. Promissory notes are defined, as notes promising the payment of any sum of money out of any particular fund or upon any condition made payable to bearer or order, and not amounting m the whole to L2O. ~ 9. The stamp on an agreement must be cancelled by two of the parties, executing such agreement, by their writing their initials or names and the; date of the day and year of writing 'the sftme. ' 10. B,iUs 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, they may still be stamped, but are 'liable to a 1.10 penalty. , . ■.' • .... 11. If any person shall becbtae an assurer ujx>n any insurance bii 'which ' iriy duty is made •'. payable, or ' shall subscribe 1 or ' -underwrite, or mako 'or enter : into' any 1 contracto r agrebinerit, or : memoranlduni of '.any such in--suran^e, shall. receiT%' Or- contract for 'any ' premium' or 'consideratiori 'for' any such .m Burance, 'or shall' khowihgty take npon himself any- risk to render himself liable to pay any s'um'of mbney upon aiiy loss or Contjhgenc^ relative to such insurance, unless suc)i insurance shall be engrossed; , written,', or printed upon vellum, parchment, of paper— duly stamped — pprr r shall be guilty .of endeavoring to. evade the] .duties 'chargeable on siich' policies, ojf.'insurajnce,^ shall be liable to LIOO s>enaltjr.; j'Tb.o agent of the ' assurer, or the •person receiving . any, fetter ,pr memorandum requesting insurance, to pay the duty. .;','".' ; . 12, Interest pr, principal pn -bonds, debentures, or other securities, not to be paid without the instruments being duly stamped, under a penalty of L2O.- ; •■': ■ '-. \ ■:■ . 13.- -Debentures ißßued-'by-'or Vf on behalf of any ; Provincial Government in' New Zealand are exempt from duty. • / ■ •' ".''••■'■ : 14. Explains Section 31 of former Act. 15. Ll,o ponalty fixed for signing unstamped recoipts. .;;.'..' i... > ; ' . ■ 10. Unstamped receipts not-: td bo taken . m evidence;' imtil tlie duty and:penalty are paid. • - ; : '• ' ' ;" • ■•■ " ' '. '• ' ' •• '' : '- "■ 17- Cbmmissiofters miy ''authorise' person's to sell stamps. "' ''. „ , . 18. Persons acting as distributors of stamps without being licensed,, liabile to' a penalty; not exceeding L2C1. ;,- ,- -.. ..-'.. ■ ■■"•. 19. Penalty of L2O 'fixed for fraudulent removal or second use- of impressed or affixed stamps. '■ ' •■:■■:■' I'■ - ■ ' 20. Impressed stamps need', not be" 'cancelled — but' they' must not' be 'used "as' adhesive Btamps. ' " -~\ ■'■', . '''";. , . '„ 21. Commissioners may require declaration of value of property^ cbnteyea ih excliango for other property. ■ • -'• 22. Annuities for life aro to "bo valued by reference, to the- table contained m 'third schedule. , . r, - A „ .. ' '. 23. The allowance of 50a per cent, to be granted m respect of paper, or parchment not previously written upon — presented to be stamped —^ denoting -duties chargeable^ iij ngreementsi bill's . of. 'exc^anee, promiseOTy notes, biljs of lading, drafts, or ordfers ibr payment of money, .receipts, policies of m, Biiniiice, and transfer of shfvreß yi /■Gorpprationß,. to be granted -whenever the. stamps bo applied for sliall amount, to L 5 oriupw.ards^ / : 24. A fine of 10s is to be paid- to' the' Commissioners when - any- deed l or ' instrument is presented to them for their opinion as to the amount-ef-dut-y -chargeable thereon. 25. Tlio Commißsibriers drefautlioriied to stamp documents,; which- remain^ unstamped pending the decision of tho Supreme Court without; enncting any penalty. 26. pirior to 30th June, - 1867; to bp remided as follows : — 1. Documents stamped with postage ; ■ '-stamps' of a snfficienfe value', fcrior : to 30th June, 1867, shsll^be ■ deemed valid. ; ' r >'■■'■*"'* ; 2. Stamps not defneid ! iii'tKo manner i required, by, law f/ may bp rdf faced I before Ist' January/1868; A J j S.^D<Jcnnie«tß r ...- ' made prior to 30th June, 1866, i may have stamps affixed of a suf- ; . ficent-T Value "dnflr^ 2 before 1 - IKB January, 1868. . _ 4. .tn.sU_^Mes_j^^r_^^3JHh_j T une JL : ,■; ' 1867, -in which ..adhesive "stamps * have been affixed 'instead pf; iin| - : preyed vstanipoT— such "useiof.-ad- , hesiyo stamps, shall ,bo held "to > hafe^ti^en ih'contpliatice'wHh the I provisions oT the AiJb- • f 2^ When^'a 'conveyance*- is Ibr . «89QS8mcnt of duty, the<iCommissionen may ■ reqiire evidence bj f c^eclarafion of.tbp.^on^ideration. '' } \ .'," „'„ V' r .: t V. '<;<'",.''/' 28, Every Registrar of Deeds' shall refuse to register ; a'nyria r ßtrfumen6 liable to -duty ; jdatid after lßtJatouarj/^867, and not duly '' stampedn. .., . ' "29. Interpretation - Section of Stamp. Act. ' . : *. _ . 30.-" Defines meaning-ofiCommissioti'ersl '<'. /. 31 arid: 32. Aiuehd scKgdulW : of- Stamp Dupes Act/; r-i ,yy >r: ' :l; : -;, r ; V." :l . | ( '33. The exemptions from duty ' are 'mentioned m 2nd Schedule. V . „ „ ' ' 34. Commissioner may stamp native docu- ' mefats. ' , ScHEDtTLH 1. " •' j ADDJtTtoKAiioaii.'fi^H^inricritt''^- ' pEbifisaouT Notx made or pnrportirig ' i ■_,-', ' be made oub~. of. the 'Colony, but' l I endorsed negotiated or paid wi'thui - 1 ; the Colony the -same duty at on ' | an inland WU to bearer' i ; ior to order at any.jtiffie othorwisei ; ' than on demand.' ,' . Bra of Exchange payajble on dc- ! mand which shaQ be endorsea : 6n« •"''' i of the' Colony, 'or purport to be so ; : endorsed wheresoever— the -aamo -_ r , i may'ihat^keen^ drawnfbrt pwd.;,j : , L ' ' , within the Colony_ i . JL __ 0 1 ; Kbcetpt3 foe money, deposited *t.mr. r „., ': ::1: ■. fairegt J in^anjr htfnfc hr Iw MiiiikWA*' *■' -- : ; .. I :'bf-!a«y banker- .;r wi'<\i?ii t;v-«tfl' 1 Aamnae*K£hf, .deed ,:.:<i ■„;; I . i: i: -s.-J-.lffi .0 L CCWTBIANCBB — . f r :- . :,^ .";/.;. : ; -....,,.■ L- Where the oonsJd.?!ratipni. or, any part. ,: -- ; of the- consi^eraiion -shall be any l i : conveyance! or transfer' of other • t land oriprbperty by way or m the __ _ ; natura-ef -an-exehange— shall- -be jf, \ charged wifhrthfl pd paloifm, dufer, „ . , t *•'- j "m respect itt the amount which' l -" \ j 1 °° J ; ! value of the land conveybili^ '^'' "' iWhefcfl ae"*oi^e4ti6»&r:any^p«lrt I of the consi^rfition g^ll fra p"j | annual sum of money payable m ..porjfctaiity BJikU ' bi'cW^dlwftnlT : . . t 1 the ad valorem duty m respect of the an»6tt7»whlebrJsaatf'r*ec6«Jiti ipg to the TBjjjgp