The Feilding Star. SATURDAY, JULY 29, 1882. STAMP DUTIES ACT, 1882.

Feilding Star, Volume III, Issue 13, 29 July 1882, Page 2

The Feilding Star. SATURDAY, JULY 29, 1882. STAMP DUTIES ACT, 1882.

* This Bill is introduced fur the purpose of consolidating an.l amending tlie laws relating to stamp duties, aw] to provide for the collection, by infe'ttiis of stamps, of fees payab c in the various departments of the Government ser- , vice. The Act repeals existing ; Acts, ' with vhe necessary saving i clauses, and provides for keeping 1 exist- ' ing regulations in force -till ojhe.rs may , be made. The repeal will not affect the past operation of any enactment repealed, or the sufficiency or insufficiency of the stamp 'dutjr on any instrument executed Ihe payment or j recovery of any duty of any kind j which may be puyable under any of the Acts repealed. The Act is divided into five parts, as follows: Management, duties on instruments >Nsiftye Lands, and stamp fees. The manage* I ment will be by a. Commissioner, and as many Deputy -Commissioners as is found necessary- for the convenient vorkjpg of the Act. . All stamps, idhesive;.or impre-ssed. are to* Iffflnade it the head office in Wellington. Unfy one form of adh&flCe stamp jif. various denominations according 1 to fnoney v.due will be issued^ iind these taay bk used for postage or any other purpose for which adhesive stamps tire used, except wheie express provi sion is made to the contrary. Licenses to sell stamps will be granted as before, and persons selling without ouch license will be liable to a penalty noi exceeding twenty pounds for each offience. Other offences against the Act, such as forging a die or stamp, impressing with such die or stamp, removing any stamp or eny part of it, fraudulently mutilating with intent to use any part of a stamp, or fixing on any stamp any part of another stamp, erasing or removing from any stamped material, any name sum or date, with the intent to use the stamp on &ueh material, selling, exposing for sale, or uttering any forged stamp, of being jin possession oi any forged die or ■stamp, etc. These offences are to be itre- ted as felony, an^v|»o|iyc^iw|cnioir jshall be liable to penal servitude for jseven years, or imprisonment with or {without hard'jobo^ficirjfbu^jiQtjrpj <AM fines, fees, and penalties may be recovered in a summary way beforp an y two Justices of the Peace. AnVper* sod who gives or signs a receipt not properly stamped, or any person whTf refuses to give a receipt -properly stampeW^re^^fiAol^eftftf Mkn pounds. A receipt may be stamped within one month after beiify£{£jireß 4n payment of the duty and a fine of five pounds, after expiration of one monthj on pay.jient of duty and fine of ten pounds. The jsenerM e^dmpt(ofc to stamp dutiesfbeWeS the brtiinaVy 1 Government exemptions, are — Leters patent, granted under tb^l^tfentsJ Acts, 1878. all mortgages, bonds for way of mortgage, transfers, rele&ro^ 1 (conveyances, re.spectively,~and agreement to mort£ag£[ iQtr^fte^Js,^ ;ft£njing of transfering policies of life insurance, or fire insurance receipts ii»tColonial pensions are not exempt lrom stamp duty. We.M)l/fe4jiisid6rf..tJ& schedule in a futu c issue.