STAMP DUTIES ACTThe following is the new Stamp Duties Act passed in the General Assembly of New Zealand last session, and which came into force pn the Ist inst : - SCHEDULE I r Containing thk Duties on Deeds and other Instruments relating to Transactions between JdLYJU^ Persons.. --TT --«-"•'* £ s. d Agreement or any minute or memorandum of any agreement under hapd only, where the matter thereof shall be of the value of L2O or upwards j whether the same shall only be evidence of a contract or obiiga* tpvy on the parties frpm its being a written instrument, together with every schedule receipt or other matter put or endprsed therepn or annexed thpretp Q \ 9 Provided always, that where diverg letters shallbe offered in evidence to prove any agreement bptweeji the parties who shall have written such letters, it shall bo sufficient if any of such letters shall be stamped with a duty pf two shillings and sixpence. Bills pv Exchanpe— ' ■ •-" Inland Bill of Exchange Draft pr Order for the payment to the bearer or to order at any timp otherwise than on demand pf any sum fif meney npt exceeding L.50 0 1-0 Dittp, not exceeding LIOO ...0 2 0 And where the suni shall exceed LIOO, then for every LJSO, a«d also for fractional part pf LSO 0 10 Fpreignßill pf Exchangp drawn jn But payable out pf the colpny pf New Zealand — ' . Jf drawn singly or otherwise than in a set pf twoor more (a) If draAvn in sets of two, then for every bill pf each set where the sum" payable shall npt expeed tCP •:: Q 0 6 And where it shall exceed LSO and npt exceed L\ (3o .0 1 0 Aqd where the same shall expeed LIQO, then fpr every Ljso pr any fyactipnai part pfLgO 0 Q 6 If drawn in sets pf three pr more ?"**"" for every bill pf each (set whpre the sum payable thereby shall not exceed LSO !; , 0 0 4 Anil where it shall exceed LSO and net exceed Ll oo ... 0 0 8 And where the game sh.u.ll expeed LIQQ, then for- every LoO and •• also any I ractjpnal part of L.50 0 Q 4 Expmptipug frpm tjie fpregohi" dntlPS pn biljs of exchange, afl debentures ajnl treaspry billp jssped by the Gpvernment of New Zealand, AU draft? »V Qtiiejs fpr the payment of any gum pf money to fhe hearer on demand, drawn upon any banker, pepean, or company, are exempt frpm tht foregoing duties Iwt arp sijbjept to 'the duty'of j . ldchargedHppndr-aftspr'prders, i Bill of Exchange drawn out pf thp cqjony, but endorsed or negot tiated withjn the colony, the same duties as on a bjll of ex» change drawn within the colpny, and payable within the cplp.ny . Promissory Note, fpr the payment . in any other manner than tp the beaver, pn demand, pf any sum pf mpney not exceeding jj^s. .00 0 Exceeding L 25, npt exceeding LSQ 0 10 Promissory Note, for tjie payment either to the bearer, pp demand, pr jn any other manner than tp the be&rer, on demand, pf any Bum of mPnuy exceeding L 5.0 and not expeedjng LiQO '■"'•-,.. 0 8 0 Where the sum shall exceed LIOO then fpr pvery LJSO, and frac* tional part pf LSO . Q j 0 Exemptipns from the fpregpiug duties pn prpmisspry nptes, bpt not from any other duty to which the same may be liable. All proniisßOiy nptes, fpr the. payment pf mpney pn demand, issued by any Bank or Banking Cpmpany in Np>v Zealand authprised tp issue such notes, and making such returns, and. poyuig such compositions as is iv this Act. respeptively men^ tunied.' "-.--.'■'. All bills, drafts, or ordeis, or pro-: misspry notes for the payment by any Bank or Banking Company pf any sum of nipney, thoiigh not made payable to. the bparer or tp order, and whether delivered to the payee pr not, and alLwritings or dopu-. jnentß entitling any pcrspn to. the payment ;]>y aiiy Bank or Banking Company of any sum of money, whether the person to whom payment is to be madeßhall;be.nanied or desigt nated therein or npt, or whethprthe shall be, delivered to him or not, shall respectively be deemed to. be bills, drafts, or prdprs fpr the payment pf mpney pbargpablp with Stamp Duty, as jf the. same had been made paj'ablp to beai'er or tp prder. Bill or Lading, pr receipt iii lieu thereof from master, mate, or agent of any vessel, for any • goods, merchandise, or effects tp be carried to any place be-, yond the boundaries of the colony— -for every such bill of lading, or receipt, preppy thereof . 0 1 Q CONVEVAXOE— - Of any kin.*! or description what^ spever, \ipou the sale pf any property in respect p| the piini • cipal or only, writing, whereby , thp property sold shall be coiu veyed to or' vested in the pur-., chaser, or any other person or v. persbuß by his dii eption (except transfers expressly provided for by this act)— • Where the purchase or considera-: j^ . .V tion money therein or there\ipon ■*►" ■'■-• expressed shall not exceed LSO 0 5 0 Ajid where the same shall exceed LSO, and not exceed LIOQ . . . QiQ . 0 And where the same sh.an"cxppcd LIOQ, then for every LSO, and . aiiy fractional part of LSO ;-L.. Q 5 0 The cpnßideration mxist be t^-uly •■■■'."■-•'• , expressed in wprds uppu capo .": ; ''■■'"•■..'.■■principal ".' deed^ pf conveyance, ,V and if value be given in Btpck or other security, its value must in hke manner be set fortli \\\ "full,. .- ?;■■::';■• m-■ ■ ■;.■-.. ■ •• .■-■- When conUderation is jn Goyern-r r '\~: : . jnent or other stock orideben-= •^:W--.^^tni€^' ? #e.-^uty.w.payaWe on fl^-t^e; average" EelJing price at thp \ time of 4^ e u^^ a *?^ ■ Tr^afy^hdit wdey different t^ s (a) T^p same duty as on au Inland Bill of %> V the saineamQUiit. and tenor. : ■; (b) The; same duty as on au Inland Bill of - ■'■tli« same amount ; and tenor,
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https://paperspast.natlib.govt.nz/newspapers/GRA18670219.2.23.1
Bibliographic details
Grey River Argus, Volume III, Issue 172, 19 February 1867, Page 4
Word Count
987Page 4 Advertisements Column 1 Grey River Argus, Volume III, Issue 172, 19 February 1867, Page 4
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