Schedule I. THE STAMP ACT.

West Coast Times, Issue 613, 11 September 1867, Page 4

Schedule I.

THE STAMP ACT.

SCHEDULE TO "STAMP DUTIES ACT, ! 1866."

CONTAINING THE DUTIES ON DEEDS AND OTHER INSTRUMENTS RELATING TO TRANSACTIONS BETWEEN LIVING PERSONS. Agreement or any minute or memorandum ! of an agreement under hand only where the matter thereof shall be of the value of L2O 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 schedxuo receipt or other matter put ov endorsed thereon or annexed ' thereto, Is : Provided always that where divers letters shall be offered in evidence to prove any agreement between the 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 Exchange Draft ov Order for the payment to the bearer or to order at any time otherwise than on demand of any sum of money not exceeding LSO, Is. Ditto not exceeding LIOO, 2s. And where the same shall exceed LIOO then for every LSO and also for any fractional part of LSO, Is. Foreign Bill of Exchange drawn in but payable out of the Colony of New Zealand— If drawn singly or otherwise than in a set of two or more, the same duty as on an inland bill of the same amount and tenor. If drawn in sets of two then for every Bill of each set where the sum payable shall not exceed LSO, 6d. And where it shall exceed LSO and not exceed LIOO, Is. . And where .the same shall exceed LIOO then for every LSO and also any fractional part of LSO, 6d. If drawn in sets of three or more for every Bill of each set whero the sum payable thereby Bhall not exceed LSO, 4d. And -where it shall exceed LSO and not exceed LIOO, Bd. And where the same shall exceed LIOO then for every LSO and also any fractional part of L50,4d. . Exemptions from the foregoing duties on Bills of Exchange — All Debentures and Treasury Bills issued by the Government of New Zealand All Drafts or Ofders for the payment of any sum of money to the bearer on demand drawn upon any Banker .person or company are exempt from the foregoing duties but are subject to the duty of Ictaharged upon drafts or order*. Bill of Exchange drawn out of the Colony but indorsed or negotiated within the Colony the same duties as on a Bill of Exchange drawn within the Colony and payable within the Colony, the same duty as on nn Inland Bill of the same amount and tenor. Promissory Note for the payment in any other manner than to the bearer on demand of ->ny sum of money not exceeding L 25, 6d. Exceeding L 25 not exceeding LSO, Is. Promissory note for the payment either to the bearer on demand or in any other manner than to the bearer on demand of any sum of money exceeding LSO and not exceeding LIOO, 2s. "Where the sum shall exceed LIOO then for every LSO and fractional part of LSO, Is. Exemptions from the foregoing duties on Promissory Notes but not from any other duty to ■which the same may be liable — All Promissory Notes for the payment of money oh demand issued by any Bank or Banking Company in New Zealand authorised to issue such notes and making such returns and paying such compositions aa in this Act respectively mentioned. All Bilk .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 or to order and whether delivered to the payee or not and all writings or documents 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 be made shall be named or designated therein or not or whether the same shall be delivered to him or not shall respectively be deemed to be Bills Drafts or Orders for the payment of money chargeable with Stamp Duty as if the same had been made payable to bearer or to order. Bill of Lading or receipt in lieu thereof from the Master Mate or Agent of any vessel for any goods merchandise or effects to be carried to any place beyond the boundaries of the Colony — For every such Bill of Lading or Eeceipt or copy thereof, Is. CONVEYANCE. Of any kind or description whatsoever upon the sale of any property in respect of the principal or only writing whereby the property sold shall be conveyed to or vested in the purchaser or any other person or persons by his directions (except transfers expressly provided for by this Act)— When the purchase or consideration money therein or thereupon expressed shall not exceed LSO, ss. And where the same shall exceed LSO and not exceed L IOO, 10s. And where the same shall exceed LIOO then for every LSO and any fractional part of LSO, ss. The purchase money or consideration shall be trully expressed and set forth in words at length in or upon every such principal or only deed or instrument of conveyance and where such consideration shall consist either wholly or in part of any stock or security the value thereof respectively to be ascertained as hereinafter mentioned shall also be truly expressed and set forth in manner afoivsaid in or upon every such deed or instrument and such value shall be deemed and taken to be the purchase or consideration money or part of the purchase or consideration money as the case may be in respect whereof the ad valorem duty shall be charged as aforesaid. And where the consideration or any part of the consideration shall be any stock in any of the public funds or Government Debentures or stock or any debenture or stock of any person payable only at the will of the debtor the said duty shall be calculated (taking the same respectively whether constituting the whole or a part only of such consideration) according to the average selling price thereof respectively on the day or on either of the ten days preceding the day of the date of the deed or instrument of conveyance or if no sale shall have taken place within such ten days then according to the average selling price thereof on the day of the last preceding sale and if such consideration or part of such consideration shall be a mortgage judgment or bond or a debenture the amount whereof shall be recovemble by the holder or any other security -whatsoever whether payable in monoy or otherwise then such calculation shall be made according to the sum due thereon for both principal and interest. Aud where any lands or other property of .different tenures or holdings or held under different titles contracted to be sold at one entire price for the whole shall be conveyed to the purchaser in separate parts or parcels by different deeds or instruments the purchase or consideration money shall bo divided and apportioned in such manner as the parties shall think fit so that a distinct price or consideration for each separate part or parcel may be 6et forth in or upon the principal or only deed or instrument of conveyance relating thereto which shall be charged with the said ad valorem duty in respect of the price or consideration money therein set forth. And where any property contracted (o be purchased by two or more persons jointly or by any person for himself and others or wholly for others at one entire price for the whole slinll be conveyed in parts or pai'cels by soparato deeds or instruments to the person for whom the Bame shall be purchased for distiuct parta or shares of the purchase money the principal or only deed or instrument of conveyance of each separate part or parcel shall bp pfcftvgod with tfr» oaid d 4 valorem duty jn

respect of the sum of money therein specified as the consideration for the same. But if separate parts or parcels of such property shall be conveyed to or to the use of or in trust for different persons in and by one and the same deed or instruments then such deed or instrument mall be charged with the said ad valorem duty in respect of the aggregate amount of the purchase or consideration moneys therein mentioned to be paid or agreed to be paid for the property thereby conveyed. And -where any person having contracted for the purchase of any property but not having obtained a conveyance thereof shall contract to sell to any other person and the same shall in consequence be conveyed immediately to the sub-purchaser the principal or only deed or instrument of conveyance shall be charged -with the said ad valorem duty in respect of the purchase or consideration money therein mentioned to be paid or agreed to be paid by the sub-purchaser. And where any person having contracted for the purchase of any property but not having obtained a conveyance thereof shall contract to sell the whole or any part or parts thereof to any other person or persons and the same shall in consequence be conveyed by the original seller to different persons in parts or parcels the principal or only deed or instrument of conveyance of each part part or parcel thereof shall be charged with the said ad valorem duty in respect only of the purphase or consideration money which shall be therein mentioned to be paid or agreed to be paid for the same by the person to whom or to whose use or in trust for whom the conveyance shall be made without regard to the amount of the original purchase money. And in all cases of such sub-sales as aforesaid the sub-purchaser and the person immediately' selling to hini shall be deemed and taken to be the purchaser and seller within the intent and meaning of this Act. But where any sub-purchaser shall take an actual conveyance of the interest of the person immediately selling to him which shall be chargeable -with the said ad valorem duty in respect of the purchase or consideration money ■ paid or agreed to be paid by him and shall be duly stamped accordingly any deed or instrument of conveyance to be afterwards made to him of the property in question by the original seller shall be exempt from the said ad valorem duty and be chargeed only with the ordinary duty on deeds or instruments of the same kind not upon a sale. And where any property separately contracted to be purchased of different persons at separate and diatinct prices shall be conveyed to the purchaser or as he shall direct in and by one and the same deed or instrument such deed or instrument shall be charged with the said ad valorem duty in respect of the aggregate amount of the purchase or consideration moneys therein mentioned to be paid or agreed to be paid for the same. And where any property shall be sold and conveyed in consideration wholly or in part of of any sum of money charged theron by way of mortgage or otherwise and then due and owing to the purchaser or shall be sold and conveyed subject to any mortgage or other debt or to any gross or entire sum of money to be afterwards paid by the purchaser such sum of money or debt shall be deemed the purchase or consideration money or part of the purchase or consideration money as the case may be in respect whereof the said ad valorem duty is to be paid. 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 Eegistrar-General pursuant to " The Land Registry Act 1860." Deed or instrument of any kind whatever not otherwise charged in this Schedule, 10s. Exemptions from the preceding duties on deeds or instruments not otherwise charged in this Schedule — Apprentices and clerkships — All instruments relating to the services of apprentices clerks or servants. Mortgage — All bonds and mortgages i whether affecting real or personal estate bills of sale by way of mortgage and all transfers agreements releases re-conveyances and discharges thereof. All preferable liens under " The Wool and Oil Securities Act 1858." All Customs bonds. All Administration bonds. All Bonds on appointmemVof 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, Id. 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 the following duties in respect of the yearly rent — Where the yearly rent shall not exceeed LSO, 2s 6d. Where the same shall exceed LSO and not exceed LIOO, ss. Above LIOO for every fractional part of LSO, 2s 6d. 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 — The ad valorem duties payable upon a conveyance calculated on the consideration by way of premium expressed therein. Lease of any lands tenements or hereditaments granted in consideration of a sum of money by way of premium and also of a yearly rent amounting to L2O and upwards. — Both the ad valorem duties payable upon a conveyance according to the consideration therein expressed and for a lease in consideration of a rent of the same amount. Exemptions from the preceding duties on leases — Leases granted by the Crown of any waste lands under the provisions of any Waste Lands Act or G-oldfields Act. Memorandum of transfer under " The Land Registry Act 1860." — The same duty as for a conveyance for the lale of lands for a like sum the consideration of such transfer. Policy of Insurance or other instrument whereby any insurance shall be made upon any ship or vessel or upon any goods merchandise or other property on board of any ship or vessel or upon the freight thereof — covered by a time policy for any period not exceeding three months, 2s 6d. And for all other marine policies — for every sum of LIOO and for every fractional part o"f LIOO, Is. Promissory Notes payable to the bearer on demand issued by any Bank or Banking Company at the rate of for every one hundred pounds of the average annual amount in circulation as certified under the " Bankers Eefcurns Act 1858," 2s. Eeceipt or discharge given for or on payment of any sum of "money of the amount of five pounds or upwards Id. Exemptions from the preceding duties on receipts — Keceipts given for or upon the payment of money to or for the use of or by on behalf of Her Maiesty. Eeceipts indorsed upon any instrument duly stamped uudor this Act acknowledging the receipt of the consideration money therein expressed, j Acknowledgment given for money deposited in any Banks to be accounted for. Eeceipts for moneys paid into Land Building and Providend Societies. Transfer except by way of mortgage of any run or station held under lease or license or promise of lease or license from the Crown or of any interest therein where the declared value of the said run or station or interest or the value thereof assessed as in this Act provided shall not exceed Lloo, los. And whero such value shall exceed LIOO then for every LIOO and any fractional part of £100, lOt,

Transfer o any share or shares in the stock and funds of any corporation company or society whatever in New Zealand upon Bale thereof — Where the purchase or consideration money therein expressed Bhall not exceed L2O, Is. Exceeding L2O and not exceeding LSO, 2s 6d. Exceeding LSO not exceeding LIOO, ss. For every additional LSO or fractional part of LSO, 2s 6d. *£*