Page 4 Advertisements Column 3

Grey River Argus, Volume VI, Issue 424, 1 October 1868, Page 4

STAMP 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 other Instruments relating to Transactions BETWEEN LIVINQ PERSONS. £ s. d. Agreement or any minute or memorandum of any agreement under hand only, where the matter thereof shall be of the value of L2O or ' upwards ; whether the same shall only be evidence of a contract or obliga; tory on the parties from its being a written instrument, together with every schedule receipt or other matter put or endorsed thereon or annexed thereto 0 J 0 Prpyided always, that where diverß letters shallbeotferedin evidence to prove any agreement between the partigs who shall haye written such letters, it shall be sufficient if any of such letters shall be stamped with a duty a,i two shillings and sixpence. Bills op Exchange — Inland Bill of Exchange Draft or Order for the payment to the bearer or to order at any time otherwise than on demand &.f any sum of money not exceeding LSO ... Q 1 Q Ditto, not exceeding LI OO ...0 2 0/ And where the sum shall exceed LJOO, then for every LSO, and also for fractional part of LSO 0 10, Foreign Bill of Exchange drawn in but payable out of the colpny 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 thesum payable shall not exceed LSO ... 0 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 0 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 S And where the same shall exceed LIOO, then for every LSO and also any fractional part of LSO C 0 4 Ixiinptious from the foregoing duties on bills of exchange, all debentures and treasury bills issued by the Government of i 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 f oregonig duties bnt are subject to the dnty of 1 d charged upon drafts or|orders. i Bill of Exchange drawn out of the f colony, but endorsed or negoI tiated within the colony^ the I same duties as on a bill of exchangedrawn within the colony, and payable within the colony (b) Promissory Note, for the payment 1 in any other manner than to the bearer, on demand, ©f any sum of money not exceeding L 25 00 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 snni of money exceeding L 5 and not exceeding LI OO ... 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 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 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 Bhall 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 th c paymen t 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 kind, or description whatsoever, upon tho 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 5 0 And where the same shall exceed LSO, and not exceed LIOO ... 010 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 pnncipal deed of conveyance, and if value befgiven 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 tho average selling price at the time of the conwyanc . Property held vr.dei different titles, sold at cue entire price, must be conveyed to buyer in separate parcels, bo that a distinct price may be expressed on