Page 4 Advertisements Column 4

Grey River Argus, Volume VII, Issue 450, 1 December 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 inio force on the Ist Jan : ~ 'schedule i. Containing the Duties on Deeds anp other Instruments relating to Transactions BETWEEN LIVfN.O PfiRSONS. £ s. d. Agreement or any minute or memorandum of any agreement under hand on)y, where the matter thereof sh^ll be of the value of L2Q or upwards ; whether 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 or annexed thereto 0 10 Providedalways, thatwhere divers letters shallbe offered in evidence to prove any agreement between 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 Bill of Exchange Draft or Order for the payment to the bearer or to order at any time otherwise than on demand of any sum of money not exceeding LSO ... 0 1 0 Ditto, not exceeding LIOO „, 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 of Exchange drawn in bjjt 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 ... 0 0 6 And where it shall exceed LSO and not exceed LIOO „, 0 10 And where the e.ame shall exceed LIOO, then for every LSO or any fractional part of LSO 0 0 6 If drawn in sets of three or more for every bjll .of each set where the sum payable thereby shall not exceed LSO " ... 0 0 '4And where it shall exceed LSO arid 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 frpru the foregoing duties but are subject to the duty of ldcharged upon drafts oriorders. Bill of Exchange drawn out of the colony, but endorsed or nego.tiated 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 6 Exceeding L 25, not exceeding LSO 0 1 0 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 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 Jl 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 Bas£ 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 men? tioned. A 1 bills, drafts, or ordeis, or promissory notes for the payment by any Bank or Banking Gomr 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 docur ments 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 desjg- . nated 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 I 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 coloriy — for every such bijl of lading, or receipt, or copy thereof .10 Conveyance— Of any kind, oj? 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, pr any other person or persons by his direction (except transfers expressly provided for by'thjpact)— Where the purchase or consider^ tion moneytherein or thereuppn 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 I&Q, and any fractional part of L5(3 ... 0 5 0 The consideration must be truly expressed in words upon each principal deed of conveyance, a 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 conwyanc.' (a) The same duty as on an Inland Bill of the same amount and tenor. (6) The same duty as on an Inland Bill of the same amount and tenor *