" STAMP ACT, 1876." \ TRANSFERS OF SHARES. ;' IT is.hereby notified, that, after the Ist ot January 1876, the use of Impressed Stamp* upon Transfers of Shares is compulsory, but' transfers of shares may be stamped at a Stamp Office by the 'Commissioner or, a Deputy' Commissioner within one month after execution without a fine. ' ' *''■'" Managers and Secretaries of Companies;': Sharebreiers,and others interested, Sere'. 1 commended to forward, without delay, such forms of transfer as they may require to be impressed,, accompanied by the usual reqoisi-1 tion and receipt from the Bank af Kewfeealand for amount thereof, less the authorised'< discount. - ,r Information may be obtained at any. Stamp: The provisions of the Act relating hereto are as follow:— , " 47. (1.) Except where express provision is made to the ( contrary, all duties,.we to, be denoted by impressed stamps only. I', " 102. No transfer of any share or shares of or in the stock or funds of any corporation company, or society whatever in New Zealand shall be registered, recorded, or entered in the books of such corporation, company, or society, unless such transfer is duly •tamped. " 103. No instrument of sale or transfer ot any share or shares shall be valid, either at law or in, equity, unless the name of the pur-; chaser or transferee is inserted therein at thr tune of or before the exec a tion of the instru ment of { sale or transfer ; and, if any persons executes a sale-note, transfer, contract-note, or other instrument of sale or transfer, in any manner, or for any purpose whatsoever, uuless the name of the purchaser is inserted therein kt the time or before the 'execution •hereof, He shall forfeit a sum of not lens than £20 or more than £100; and, if any men instrument is so' made or signed: it shall be wholly and absolutely vdid and inoperative, and shall in no case be 'made available by the insertion of a.name or any other partiouUrs afterwards; and the' person selling or.transi ferring such share sfaU not be divested of his interest therein, But shall remain liable thereon as if he had never sold or disposed oi the same. And if such person is aucejuedsharebroker, his license shall, on any ooavio* tion under this section, be absolutely forfeited, and he shall not thereafter be qualified to act as, a broker, or to hare a fresh lioenie issued to him. • • ' ' " 104. No sbarebreker, auctioneer, oomi mission agent, or any other person shall tie! entitled to anj brokerage, commission,!»! any other fee or reward in respect of the sale' or transfer of any. such, share, unless thein-^ strumeat of sale or transfer is filled up with all necessary particulars to make it ft complete instrument, and' is duly stamped. SCHEDULE. ' ' , -• Tbanbfbb except by way of mortgage— . . i > (2.) Upon the sale of any share, or shim in the stock and funds of any corporation. 4 company; or society whatever in New 25os>' land: Where the purchase or consideration money,— ' > £ jj, d» Does not exceed £20... .fctCo l'"'O Exceeds £20, and does not ok- 1 ceed £50 "o 8 For every, additional £60, or part of £50 ... ... OS _ , Chabim C. Bownr. . Head Office, Stamp Department, i Wellington, 27th October, 1876. THE EVENING STAR (THAMES) \ (THJS OLDEST XVEHIK? PASEB IV XHB IM YINCB OJ ATJCKXIND) T S PUBLISHED DAILY at FOUB O'CLOCK and contains the Very Late* News up to the hour of going to p»if> - AGENCIES— London, Gobdok & Gotob F. Alckab Melbourne, Gobdok & Gotcm Sydney, „ Auckland —S. Beooking, Insurance Buildings Shortland, J. H. Jbffsbson J. JNoDDBB „ Mobqan's Fancy BatMr Grahamstown, J. Cabti* - K. Bubba Tararu Eoad-~EL&is Pogt Ofloa Store. Paeroa—J. M. Bobson Karaka Creek—F. Otto „ J. BCBNS Karaka Eoad—Ludlow <fc Co* • Mary street—F. Mason Eolleston street —... Tubbilk .Richmond street—J. Saunixua Sealey atreet—J. Waitow
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Bibliographic details
Thames Star, Volume IX, Issue 3057, 2 December 1878, Page 4
Word Count
630Page 4 Advertisements Column 7 Thames Star, Volume IX, Issue 3057, 2 December 1878, Page 4
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