Page 4 Advertisements Column 4

Grey River Argus, Volume V, Issue 336, 10 March 1868, Page 4

I STAMP DUTIES ACT. The following is the new Stamp Duties Act passed in the Genera} Assembly of New Zealand last session, and which came into force on the Ist Jan ; — SCHEDULE I. Containing tiie Duties on Deeds an» other Instruments relating to Transactions between Living Persons.. ■ '"" '■ v ' " ' 4f .- g. d, Agreement or any minute or memorandum of" any agreement under hand only, where thg matter thereof shall be pf thp yalue of t2O or upwards ; whether, the same snail only be evidence of a contract or obuga : tory on the parties from its being {j. instrument,' together with eyery schedule receipt' or oth'ev matter 'put 'or endorse^ thereon or annexed thereto 0 10 Provided always, that where divers letters sliallbe offered in evidence io prove any agreement betweea the parties "who shall havp written such letters, it shall be sufficient }f any of such letters shall be stamped >vith"'a duty of two shilling's and sixpence. Bills of Exchange — ' Inlaud Bill of Exchange Draft or Order for the payment to the bearer or to order at any tiriie otherwise, than pn demrtnd pf any sum of money not exceeding LSO ...0 10 Ditto, not exceeding LIOO ... 6 2 (j And where the sum shall exceed LIOO, then for every LSO, and also for fractional part of LSO 0 1 fl Foreign Bill of Exchange drawn in but payable out of the colony of New Zealand — If drawn singly or otherwise than in a set of two or more (a) If drawn in sets of two, then for every bill of each set where the sum payable shall not exceed LSO ' ..'. Q 0 6 And where it shall exceed LSO and not exceed LIOO ... 0 1 0 And where the same shall exceed LIOO, then for every LSO or any fractional part of LSO 0 0 G If drawn in sets of three or more for every bill of each set where the sum payable thereby shall not.exceed LSO ... 0 0 4 And where it shall exceed LSO and not exceed LIOO ... 0 0 8 And where the same shall exceed LIOO, then for every LSO and also any fractional part of LSO C 0 4 Exemptions from the foregoing duties on bills of exchange, all debentures and treasury bills issued by the Government of New Zealand. All drafts or orders for the payment of any sum of money to the bearer on demand 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, but endorsed or negotiated within the colony, the same duties as on a bill of exchange drawn within the colony, and payable within the colony Promissory Note, for the payment in any other manner than to the bearer, on demand, of any sum of money not exceeding L 25 0 0 G Exceeding L 25, not expeedingLsP P 1. 0 Promissory Note, for the payment cither to the bearer, on demand, or in any other manner than to the bearer, on demand, of any sum of money exceeding LSO and not exceeding L 10 o"'' ... Q 2 0 Where the sum shall exceed LIOO then for every LSO, and fractional part of LSO ... 0 1 0 Exemptions from the foregoing duties on prpinisory notes, but not frpm any pther duty tp which the same may be liable. All promissory notes, for the payment of money on demand, issued by any Bank or Banking Company in New Zealand authorised to issue such notes, and making such returns, and paying such compositions as is in this Act respectively mentioned. A 1 bills, drafts, or ordeis, or, promissory notes for the payment by any Bank or Banking Coim pany of any sum of money, though not made 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 Bank or Banking Company pf any sum of money, whether the person to whom payment is to be made shall be named or designated therein or not, or whether the shall be delivered to him or not, shall respectively be deemed to be bills, drafts, op ordersfor the payment of money chargeable' with Stamp Duty, as if the same had been made payable to bearer or to order. Bill of Lading, or receipt in lieu thereof from master, mate, or agent of any vessel, for any goods, merchandise, or effect's to be carried to any place beyond the boundaries of the colony — for every such billr pf lading, or receipt, or copy thereof .10 Conveyance — Of any kind or description whatsoever, upon the Bale of any property in respect of the principal or only writing, whereby the property sold shall be conveyed to or vested in the purchaser, or any other person or persons by his direction (except transfers expressly provided for by this act) — Where the purchase or consideration money therein or thereupon expressed shall not exceed LSO 0 5 0 And where the same shall exceed LSO, and not exceed LIOO ... 010 0 And where the same shall exceed LIOO, then for eyery LSO, and any fractional part of LSO ... 0 5 0 The consideration must be truly expressed in words upon each principal deed of conveyance, and if value be given in stock or other security, its value must in like manner, be set forth in ful. When consideration is in Government or other stock or debentures, 'the duty is payable on the average selling price at the time of the conveyance. Property held ; vr-der. different titles, sold at cue entire price, (a) The same duty as on an Inland Bill of the same amount and tenor. (ft) The same duty as on an Inland Bill of the same amount and tenor.