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STAMP DUTIES 'ACT. •I?he following is tlie new Stamp Puties Act gassed in the General Assembly of JJew Zealand last Session,. and which came wso force on the ]st inst : - . , . SOHEPUp I .Containing the Duties on Deed/* asp pTHEB Instruments relatix v g to TbansApTIONS^jBrjyEKN LIVING PERSONS., ■•■■"■ ■-■■■"■ "' ". ■* 3-ff Agbeemext or auy jninute or me,- . . - ■. ; ' niorandum of any agreement j jinder . hand only, where the. iiiatter thereof shall lie of thg yalue of L2O pr upwards 'j whether the saine.sh3.jl pn}y )>g. (jyidenpe of a ppn|;ract pr pbliga; parties frpjn its ueing' • - ft written jpsti^mentj tpgetlie'y/" - ijvijih every pcjiedHle'repe'ipj;* or other mattep' put 1 or endorsed • thereon or annexed tlieretp " ' .0 1 p Provi^edalways.that^'herellivers; * : Jetters shallbe offered iii evidence to prpye any agreejiiejit between the partip? ' ,whp shall \ have - written such letters, it' shall be sufficient if any of such' letters shall be stampei' ivith a duty of two shillings and sixpence. Bills 6e Exchange— " Inland Bill of JSxchange Draft or . " .Order for the payment to thp bearer ,or to order at any tirii§ otherwise than 011 : demand of any. sum' of money not expeedingLso • ' ... 0 1 P Ditto, not exceeding LIOO ... 0 2 p And where the sum "shcall exceed LIOO, Jhen for every LSO, and * also for fractional part of LSO 0 10 Foreign. Bill of Exchange drawn in but payable out' of the eojony pf New Zealand— ''"' *' If drawn singly or otherwise than "in a set pf'two ormpre/a/' '.'"' If drawn in sets pf two, then fop every bill of each set where the ' sum payable shall nofexfieed LSO ' ... 0 0 6 And where it shall exceed LSO '' and notexceed LIOO "...0 1 0 Arid where the saiie shall exceed LIOO, then for every LSO pr any fractional part of LSO Q 0 6 If drawn in pets of three pr mpfe ' for every bjll of each set where , the sum payable thereby shall ; •;■ notexceeil'LoO '" : ..'. Qp 4 .And where it shall exceed LSO 'and notexceed LIOO ... 0 0 S . And where the same shall exceed £ , XflOO, then foc-'eyejiy- LjjQ "jjncj alsp any fractional part of LSO 00 4 '■■■'■■ Expmptions from •■ the foregoing " duties on bills' of exchange, all ' ilebentures "$o& treasury bills issued by thg' poyeniment of i^ew Zealand. All draf ts or orders for the payment of any sum of money to thg bearer on demand, dra\\ m tippn any banker, person, or company, are exemptfrom the foregoing duties but are subject to the duty of 1 dcharged uppn drafts or|prders. Bill of Exchange drawn 'out pf the colony^ but endorsed of iiegotipted within the colony, the s^me duties $s on a b|ll- of exr cliaugeUniwii within the { and payable within the colony (h) ... , „. •,. Promissory Note, for the payment in any other manner than to the bearer, on demand, of any sum' of money npt exceeding L 25 "00 6 Exceeding 125, npt ; exceedirigLso 0 1 0 Promissory If otc, for the payment ' cither tp the bearer, on demanc}. or in aiiy pther manner than to the bearer, on deinaud, of any sum of money exceeding LSO and uot exceeding LlOO"' ' ... p 2 0 ■\Vhere spm sfiall 'exceed LIOO ■ ' ' then fpr eyeryLso,' and frac : 'tionalpart of Lso' '"''... 0 1 0 pxeinptipns from the fpregoin'g duties on promissory notes, but not from any other duty to which the same may be liable. AH promissory 'notes, for 'the payment of money pn demand) issued by any Baiik or Banking (Jompany in ''New. Zealand : authorised to issue such notes', and making such returns, and paying such compositions as is in " this Act respectively meri : : '-'■.' All bills, draf|Sj;.pr prdeis, or promissory notes fof the payment .^bjt <»!| 'Ulluh. uy Baiiking ComV ♦^••^^^iiany of any sum of money, * ' though not made payable to the bearer pr to order, and whether delivered to the payee or not, and all writings or d6cu : ' nrcnts entitling apy' pefspn ip. the payment 1 ' by 'atiy- Bank 6i- , Bafikiivg Company of any sum ■ of money, whether' the person , . whom' payment is' to be raftde'sh'all be' najned 'pr ilesig; nated therein pr not, or .whether the shall bo' delivered to him or not, " shall respectively ' bo jleemed to be bills, drafts, or prdeisjror thepayment of mpuey . chargeable with Stamp Duty, . , }is-. if the siune had been made ='" . ipSyable to bearer or to order. Bii-L of Lading, or receipt in lieu ""' thereof from master, mate, or agerit pf any vessel, for any goods, ■merch'andisc, pr effep^. to be carried to ariy place beyond the boundaries of the colony— for every' 1 such bill of lading, or receipt, or copy therepE ■'■" ' ;" • ■!'■■>' ''■■■■ ■' -•-..■. 0 1' ;o ppNVEYANCE— _.".•;■ Of" any kiui or des^Hptioix wha^t . : ■'■ soever, upon the sale of any . . property in respect of the prin-/ eipaljor only writing,' whereby tfe projierty sold shall be con: " ycyeel .to or vested in the p\irchaser ; .or any other person or persons /by his diVection (excepi . ' transfers expressly provided for by.thisjact)^- '. •:;■•■ the purchase or considera: ' tion money therein or thereupon expressed shall not exceed Lop 0 5 0 And; where the same shall exceed .• '" f aud;i^ exceed "LlOP" ... 010 0 And where the sanie shall exceed ' LIOO, -then for eveiy LSO^ and any fractional prfrt rtf LSQ .' ... 0 5 0 The consideratipn niust be truly ". ' expressed 'in word's upon eaph t • principal deed' pf coriveyaucej -■;' . and' if value be giy eri in sfpek pf . other; security, its value must ■ in like 1 maEner be set fprth 11^ , : ' : ";V. ■' iuii.^---'--'^" , "' '■";'■• V 'Wiep ppnydcratipn is in govern: 0 uient pr other' stock or deben- ■ > turesij ; the. duty is payable on/ ■ .■.■"tlie aferagg EelJing price at the -■ /:•'■. : - i^e*'-pi^etc(;nveytoce.'-V '; ! Prppeky. Jield uiider different w^i^ts,' spii-at pne. entire price, :j an Inland Bill pf " llie's^^ffOuntrariU.tenorv:.;;- : : : ._ ->V. (b) Ttlie sauie ,duty;,a3*6ri .an:lriland Bill - % same amount ami tenor.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/GRA18670209.2.21.1

Bibliographic details

Grey River Argus, Volume III, Issue 168, 9 February 1867, Page 4

Word Count
953

Page 4 Advertisements Column 1 Grey River Argus, Volume III, Issue 168, 9 February 1867, Page 4

Page 4 Advertisements Column 1 Grey River Argus, Volume III, Issue 168, 9 February 1867, Page 4

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