NEW ZEALAND STAMP DUTIES.

Westport Times, Volume II, Issue 213, 6 April 1868, Page 4

NEW ZEALAND STAMP DUTIES.

The Schedule of the Stamp Act are pur in number. The first contains be duties on deeds and other inslrunenis relating to transactions between iviug persons; the second, the duties m probates of "wills and letters of idimnisi ration ; the third, the duties >ji legacies and successions to personal jstato under any testamentary dis)osition or upon intestacy ; the fourth, lutics on successions to real or personal est ate.

The following is a summary of lhe .lulics imposed. (Several exemptions |rc-omitted owing to their length) . Schedule I. Acri;;m!\t or any minute or memorandum of an agreement under hand only where, tho matter thereof .shall be of the value of 20/ or upwards together with every schedule receipt or other matter put or endorsed thereon or annexed thereto 0 10 Pl'oviucd always that where divers letters shall be offered in evidence 1o prove an agreement between the parties who shall hare written such letters it shall he sufficient if any such letters shall be stamped with a duty of two shillings and sixpence. Bills of Exchange.—lnland Bill of Exchange Draft or Order not exceeding 50/ . . .010 Ditto, not exceeding 100/ 0 2 0 And where the same shall not exeei'l LOO/ then for every 50/ and also for any fractional part of 50/ 0 10 Fore'gn PHI of Exchange.—The same duty as ou an Inland Bill of the same amount and tenor . 0 0 G Whore the sum payable shall not exceed 50/ . .. . .006 50/ and not exceeding ICO/ 0 1 0 And the same shall exceed 100/ then for every 50/ and also for any fractional part of 50/ . , ( 0 0 6 If drawn in sets of three- or more for every Bill of each set where the sum payable thereby shall not exceed 50/ . . . 0 0 4 50/ and not exceeding 100/ 0 0 S And where the same shall exceed 100/ then for every 50/ and alao for any i'ractional part of 50/ . 0 0 4 All drabs or orders for the payment of any sum of money to the beaver on deroaud drawn upon any Banker person or company are exempt from the foregoing duties but are subject to the duty of Id charged upon drafts or

orders. Bill of Exchange drawn out of the Colony—The same duty as on an Inland Bill of the same amount and tenor. Promissory Note not 25/ . ... O 0. G Exceed :■•.!; 25/ not execedm^ eoz . . . . .(> i o Pro niss< ry Nolo f.::• the payment elrhcr to t! o bearer on demr/rd of any sum of money exeeedirg Z?;l and not exceeding 100/ .020 Where the sum shall exceed 100/ then for every 50/ and fractional part of 5',)/ . . . .01 O All Bills Drafts or Orders or Promissory Notes for the payment by any Bank or Banking Company of any sum of money though not m. de 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 I3ank or Banking Company of any ram of money whether the person to •horn payment is to be made shall be ■ amu! or desigi ated therein or not ur whether the same shall be delivered lo him or not shall respectively be ■ seined to be Bills, Drafts or Orders for the payment of money i-hargeablo with Stamp Duty as if the same huld been made payable to bearer or to Older. Bint of Lading or Receipt or copy c hereof . . .01 0 CojSTEYawce—Of any kind or description whatsoever (except transfers expressly provided for by this Act) — Where the purchase of consideration money therein or thereupon expressed shall not exceed 50/ 0 5 0 Exceeding 50/ and not exceeding 100/ 0 10 0 Where it shall exceed 100/ then for everv 50/ and any fractional pa it of 50/ .... 0 5 0 The purchase money or consideration shall be truly expressed and sel forth in words at length in or upon every Mich principal or only deed or instrument of conveyance Exemptions from Duties on Conveyances— Aiygrmt 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 Registrar-General pursuant to "The Land Registry £&t ISCO."

Deed or instrument of any kind whatever not otherwise charged in this Schedule ... . 019 0 Bmrr or Older including cheques or orders on Baukers for the payment of any yum of money to a pa3'co nrm< d or to bonrer or to order cilicr ou demand or otherwise not otherwise charged . . . .001 Lease or agreement for a lease ov any writteu document for the tenancy ()!• occupancy of any lands tenements or hereditaments without any consideration by way of premium the following duties in respect of the yearly rentWhere the yearly rent shall not exceed 50/ . . . .020 Exceeding 50/ and not exceeding ICO/ . . . . .0 50 Above 100/ for every fractional part of 50/ . . .020 Lease or agreement for a leao of any hinds tenements or hereditaments granted in consideration of a sum of money by way of premium without rent or with an annual rent. [Tho amount:', payable upon above instruments are—The ad valorem duties payable upon a conveyance calculated on the consideration by way of premium expressed therein.] Lease of any lands tenements or hcriditaments granted in consideration of a sum of money by way of premium and also of a yearly rent amounting to 20/ and upwards. [Amounts payable upon the above instrument arc—Both t ead valorem duties payable upon a conveyance accoi'ding to tho consideration therein expressed and for a lease in consideration of a rent of the same amount.]

MEt-iOKAKDTJM of Transfer under r J be Land Registry Act, 1860." [The same duty as for a conveyance for the sale of lards for a like sum th cocS'dcrauion of such transfer.] Policy of Insurance or other instrument of ships or cargo for any period not exceeding 3 months 0 2 0 All othc 1 * mai ine policies—for every sum of 100/, and every fractional part of ICOI . .010 Peohispout Notes payable to bearer on demand issued by any bank or banking company at the rate of for every 100/ of the average annual amount in circulation as certified under "The Bankers Returns Act, 185S" . . . .200 Receipt or discharge given for or on payment of any sum of money of the amount of 5/ or upwards 0 0 1 Exemptions—Receipts for moneys paid to or for Her Majesty; receipts endorsed upon any duty stamped instrument under this Act acknowledging receipt of the consideration money therein expressed ; acknowledgment given for money deposited in any banks to be acconnted for; receipt for moneys paid into Laud Building and Frovideut Pocieti.es. r . i\r:ra excr.t by wry of mortgage of r.r.y ran or station held under lease or licence or promise of lease or ! ; f;K2 from the Crown or of any interest therein or the value thereof assessed as in this Act provided shall not exceed 100/ . . . 0 10 0 Where such value shall ex.-ced IC3Z then for every ICDZ ami any fractional part of ICO/ 0 10 0 Thakspee of any share in the stock and funds of any corporation company or society whatever in New Zealand upon sale thereof—Where the purchase or consideration therein expressed shall not exceed 20/ 0 1 0 Exceeding 20/ and not exceeding 50 . .020

i':;cpo<!iny 501 and not exceeding 100/ . . .050 iFcr every additional 50? or fractional part of 507 2 6 ScHEDVLE 11. A bobate of a Will and Let.er of Administration with a "Will annexes where the effects as sworn to by the Executor or Auminstrator shall be—ruder the value of 100/ .10 0 Above the value of 100/ mid under 2002 . . .200 Above the value of 200/ and under 300/ . . .300 Above the value of 300/ and under'loo . . . 4 Q 0 Above the value of 100/ and indersoo/ . . .500 A .d above'soo/ one per cent. Letters op Administration, without a Will annexed, where the effects as sworn to by the Executor shall boUnder the value of 100/ . 110 0 Above the value of 100/ and under 200/ . . .300 Above the value of 200/ and under 300/ . . . 410 0 Above the value of 300/ and underdo;;/ . . .GOO Above the value of 400/ and under 500/ . . . 7 10 0 And above 500/ one a half per cent.

SCHEDULE 111. _ For every legacy specific or pecuniary of any olitcr description of tho amount or value of 201 or upwards riven by any will or testamentary instrument of any person who shall'havo died alter the passing of this Act either out of his or her personal estate or value thereof—--1 f to a child or any descendant of a •child of the deceased, or to the father or mother or any lineal ancestor —One pound per cent. To a brother or sister or any descendant of a brother or sister— Three pounds per cent. To an uncle or aunt or their descendants —Five pounds per cent. To a grand-uncle or grand-aunt or their descendants—Six pounds per cent. To a person in any other degree of collateral sanguinuity—Seven pounds per cent. To a stranger in blood—Ten pounds per cent. And all gifts annuities or by way of annuity or any other partial benefit or interest; out of any such estate or effects as aforesaid shall be deemed legacies within the intent and meaning of this Schedule. Schedule IV. Tlie duties charged on successions arc the same as those in previous Schedule on legacies.

The following among other alterations of the Stamp Act became law on the Ist November. 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 same. 102 penalty is imposed for signing unstamped receipts. Unstamped receipts are not to be taken in evidence until the duty and penalty are paid. Persons acting as distributors of stamps without being licensed are liable to a penalty not exceeding 20/. 201 penalty is imposed for fraudulent removal or second use of impressed or affixed stamps. A fine of 10s to be paid to the Commissioners when any deed or instrument is presented to them for their opinion as to the amount of duty chargeable thereon. Irregularities prior to June 30 to be remedied in various ways specified. Receipts for money deposited at interest in any bank, or in the hands of any banker, now need a stamp. The transfer of miners' property (by which we perceive mining shares are meant) is chargeable at Is for 201, 2s Gd for 501, and 2s Gd for every additional 501 or less amount of value.