Page 4 Advertisements Column 4

Grey River Argus, Volume V, Issue 359, 2 May 1868, Page 4

ST^IP DUTIES ACT, The following is the new Stamp Duties Act passed in the General Assembly of New Zealand last session, and which came into force on the Ist Jan : - SCHEDULE I, Containing the Duties on Deeds and otiikr Instruments relating to Transactions between LryiNG Peksons.. £ 8. 4 Agreement or any minute or memorandnm pf any agreement under hand pnly, where the matter thereof shall be of the value of Jj2o or ujwards ; wlietlier the same shall only be evidence of a contract or obligatory on the parties from its being a written instrument, together with every schedule receipt or other matter put or endorsed thereon pr annexed thereto 0 10 Prp vided always, thatwhere divers letters shallbe offerediu evidence to prove any agreement betweeu the parties who shall have written such letters, it shall be sufficient if any of such letters shall be stamped with a duty of two shillings and sixpence. Bills of Exchange — Inland Bili of Exchange Draft or Order for the payment to the bearer or to order at any time ptherwise than on demand pf any sum pf money not exceeding 1,50 ... 0 10 Ditto, not exceeding LIQO ...0 2 0 And where the sum shall exceed LIOO, then for every LSO, and also for fractional part of LSO 0 10 Foreign Bill pf 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 (aj If drawn in sets of two, then for every bill pf each set where the sum payable shall not exceed LSO ... 0 0 6 And where it shall exceed LSO and not exceed LI OO ... 0 1 0 And where the same shall exceed LI OO, then for every LSO or any fractional part of LSO 0 0 6 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 LI OO, then for every LSO and also any fractional part of LSO C 0 4 Exemptions from the foregoiug 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 sura 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 orjorders. 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 (b) 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 6 Exceeding L 25, not exceeding LSO 0 10 Promissory Note, for the payment either 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 LIOO ... 0 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 promisory notes, but not from any other duty to 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 paving 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 Company 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 of 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, or orders for 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 effects to be carried to any place beyond the boundaries of the colony — for every such bill of lading, or receipt, or copy thereof .10 Conveyance — Of any kin*l or description whatsoever, upon the sale 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 whei-e the same shall exceed LSO, and not exceed LIOO ...0 10 0 And where the same shall exceed LIOO, then for every 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 f ul . When consideration is in Government or other stock or debentures, the duty is payable on the average selling price at the time of the convpyanc* . Property held vrder different titles, sold at c oie entire price, (a) The same duty as «n an Inland Bill of the same amount and tenor. (6) The same duty as on an Inland Bill of the saure amount and tenor