Page 4 Advertisements Column 5

Timaru Herald, Volume IX, Issue 342, 5 September 1868, Page 4

ABSTRACT OP STAMP DIJTIES AMENDMENT ACT. Passed, Ociobeb, 1867. Camb urro Foece, Novsxbeb 1. 1. Short title of this Act shall be Stamp Duties Act Amendment Act, 1867. 2. Enacts that this Act shall come into operation, Ist November, 1867. , 3. Ptovideß that additional and altered duties aa 1 abt forth m tiie schedule are to be levied. 4. Stamp duties now payable on the instruments mentiohfed m the ifirst schedule whereon other, duties ore charged by this Act, are repealed. ., < 5. Provisions of former Act apply to this. 6. Tlie 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 aum of money out of any particular, fund or-upon any oondition 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 ofthe parties executing such agreement, by their writing their initials or names and the date of tiie day and year of writing the some. , 10. Bills of lading and charter parties are not to be stamped after they are signed, nnder a penalty of fifty pounds. Except they are brought to the Commissioners within fourteen days after theyare signed, when they may be stamped. If brought before them after fourteen days and within one month, tboy may atill be stomped, but oro liable to a LlO penalty. 11. If any person shall become an assurer upon any insurance on which any duty is made payable, or shall subscribe or underwrite, or mnke br enter into . any contract or agreement, ..or memorandum of any 6iich insurance, or sball receive or contract for' any premium or consideration for any such iusuran&j or shall knowingly take upon him-' self any risk to render himself liable to pay tiny sum of money upon any loss or contingency relative to such insurance,, unleas such ineurance shall be engrossed, written,, or printed upon Vellum, parchment, or paper — duly stamped-^-or shall be guilty of endeavoring to evade the duties chargeable on snoh policies of insurance! shall be liable to LIOO penalty. The agent of the assurer, or tbe person receiving any letter dr.membrandum requesting insurance to pay the duty. 12j Interest or principal on bonds, debentures, or other securities not to be paid without the instruments, bping duly stomped, under a penalty' of L 20.. . ;. - 13. Debentures issued by or on behalf of any Provincial ' Government m New Zealand are exempt firom duty/ 14. Explains Section 31 of former Act. 15. Lib penalty fixed for signing unstamped receipts; '■•■>■ 16. Unstamped receipts nbt to bo taken in' evidence until, tho duty and penalty are paid. 17. Comniissionore may authorise .persons to sell atampa. ■' 18. Persons acting-as. distributors of stamps without beiug licensed, liabile. to a penalty noi exceeding. L2O. • .. ' 19. Penalty of L2O fixed for fraudulent removal or second" use of impressed or affixed stamps. * •■: ' '20. Impressed- stamps -need not be cancelled- — but they. must not be uaed aa adhesive, stamps. .21. Coirnnißßj"oncrs may roqiijre declaration i of vnlue of property conveyed m exchange for otlier property. 22. Annuities fpr life ore to bo valued by reference to thb table contained m third schedule. ' 33. Tho allowance of 50s per cent, to be granted- m respect of paper or parchment not previously written, upon— presented to be stamped — denoting duties cliargcablc m agreements, bills of' cxcltniiee, .promissory notes, bills' of lading, drafts, or oi'ders for payment of money, receipts, policies of insurance, ; and transfer of shares m, Corporations, to be granted whenever tho stomps so applied for shall amount to L 5 br upwards. 24. A fine bf 10s is to be paid to tho Commissioners wlicn any deed or 'instrnhient is presented ' to them for their opinion as to the amount' of duty chargeable thereon. - .25. The Commissioners "aro authorised to stamp, documents which "remain unstamped pending the deciaion of the Supremo Court without' enacting any penalty. 26. Irregularities prior to 30th' June, 1867, to bo remided as follows :— "■' ' . ' 1. Docuuionts stamped witii po^tiige stamps of a sufficient value prior to 30th June, 18Q7, shall be ! , deemed valid. !• - „. • 2. Stampa not ' defaced . m the manner. required by law, may bo dr faced before l?t January, 1868, 3. Documents insuffieientiy stamped, mode prior to 30tli June, 1866, ' " may liavo 'sttoiip* affiled Of a Buf- : ,- ficent value on or; befbto- Ist .:■,>,;,.. January,, 1,8)68. '-..,.,. -„,; ... ::;; . ,:. , ; 4. In all afses^ prior to, 3oth, June,. 18C7, m which adhesive stampa have.been affixed instead of in)-, ■'■'■'•■■ pressed stamps— such use of adhesive Btamps shall be held to i _-.- ha ye been m compliance with tiio ;■ provisions of the Act. • „.- ; ) J - 27- "Vfhen • a conveyance is , tendered, fbr. sosessment of, dnty, the' (Commissioners may require evidence . by ' declaration of th'e consideration; '"•'•" -:-■:.•'•■.•; 28, Every Registrar of Cecds shall to-" fuse to register any instrument liable to' duty" dated after Ist January, 1867, and not duly Stomped. ..; ;' .- ..: ... ■, , ;.;. ■, y t y y i .29./ Interpretation of any intestate ,m 44th Section, pf Stamp. Act. . . . 80. Defines meaning .of Comnnssionen. , : 31 and, 32. Amend, schedules of 'Stamp. Duties Act. ...... : ,v . : ..:-' i ■ ■• ; ..-,-■ • - . 33. The exemptjions from; duty are mentioned iii 2rid Schedule. ' '•"•'''•'" • / " -' . 34. (XnuniMioner may 'atani^ native documents. '•■ '--'-'J : -"' ; ■ ■•: '-• ''■-''- ■ "A ,'f SOHBDOXB 1. ADDmOHAI. OB ALXKKED DpTDSS. •' ■: '"•- • .!.■''>': ' '.-■-■ ■-':■<•-' '» * Pbqmissobt Note made, or purporting be made out of the Colouy biit endorsed negotiated br pai <f within ' ' " ~"tlft"CdlOhy''thVSains , aut*^"as"on^- — an inland^ biUf.payabk> ; to bearer . __ or. to order at 'aiiy time otherwise than on demand. Bm. of Exchange payable on de- ' ' "' mand which sjiall'be en'dbrsedout f '• of the Cokmy, or, purport to. be' so . endoreed Iwhenesoever they same.; -i - may hoie been 1 drawn bot paid. ■'■■ ' ' witiiin the jColony.^.., "... v .-:;;,-, O.l' REcmm''for mbtt'ey dejiosited st mi ■-■;. : . tofe^ m any bank or inthfe Htods F of any Tianker A ;\ ..A ..'.'; :.. ... "0 1 AflßgKMKiaby deed ;..,... .'... "....' 10' 0 COHTBTAJfCKS— I. v '-.'.' .... V- ; f'f.f'Af.. •i-:Where-the consideration ior any -part' - r of the OonaderatiOnifllmll beany ' ': ■- : conveyance or transfer- of oth^r" "■"■ { r:f • land' or property by way or m tbb- : ' : i: ' nature' of an exchange Shall lie ' charged wrth-thfe wiWorwn dpiy - "' 'in' re^pbet of the ainbunt which '■''■ shall be l)y' the person -executing : ' y the cbnveVtoce declared' to' be tbb- • ' 11 vidife: of ttie land bemveybd. ■'"-»• '■-■ ' 4£/" -'''•""''' '•' -" S.:i.'l,ii :,Uif S E :.'i :;.: ■ j^.irherp.the corißderaty>n<>r,any part • ,; ; - i. i pfiigie- consideration shall l>e any ■ A '. '. ■A. annnal: «un Ofc money; payable m ... ' ' i I p«p^uity ishall be.Wi«<ged-with v' i i. tiwtarfnaZbwwdnty insespectof ■': ;'- --'.c.-.'i ify a&oub whicb shall.- .-accord-, Wf tp tbs tfabJewSchednle JIP -,-, -