IMPORTANT DECISION.
Wellington-, This day
A decision under the Stamp Act has been given by the Commissioner, which is of considerable importance to Joint Stock Companies. All companies and corporations have to sign all documents by affixing their seals. The Stamp Office here, and probably tho Stamp Offices elsewhere, have for some time past insisted on treating all documents so signed a3 being executed under seal and not under hand, the result being that an ordinary memorandum of agreement to -which a company was a party was assessed as liable to a 10s duty instead of to a duty of Is, which would be the amount charged if the agreement was between two private individuals. This charge was recently protested against, and an appeal made to the Commissioner, it being , contended that the affixing of a company's seal to an agreement by way of signature did not constitute the document a deed or agreement under seal. The matter was referred by the Hon. the Commissioner to the Law Officers, and their decision is that the contention is correct, and that such agreements by companies are only subject to a stamp duty of Is.
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https://paperspast.natlib.govt.nz/newspapers/DTN18830816.2.18.10
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Daily Telegraph (Napier), Issue 3771, 16 August 1883, Page 3
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193IMPORTANT DECISION. Daily Telegraph (Napier), Issue 3771, 16 August 1883, Page 3
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