Schedule IV.

Grey River Argus, Volume X, Issue 868, 9 May 1871, Page 4

Schedule IV.

The duties charged on successions are the same as those in the previous schedule on the legacies. ADDITIONAL OR ALTERED DUTIES. Promissory Note made or purporting to be made out of the colony, but endorsed, negociated, or paid within the colony, the same duty as on an inland bill, payable to beai'er or to order at any time otherwise than on demand. Bill of Exchange payable on demand, which shall be eudorsed out of the colony, or purport to be so endorsed wheresoever the same may have been drawn, but paid within the colony — Id. Receipts for money deposited at interest in any bank, or in the hands of any banker — Id. Agreement by deed- 10.$ Conveyances. — Where the consideration or any part of the cousicle ration shall be any conveyance or transfer of other land or property by way or in the nature of an exchange shall be charged with the ad valorem duty in respect of the amount which shall be by the person executing the conveyance declared to be the value of the laud conveyed. Where the consideration or any part of the consideration shall be an annual sum of money payable in perpetuity, shall be charged with the ad valorem duty in respect of the amount which shall, according to the table in schedule 111. hereto annexed, appear to be the value assigned to such annual sum of ! money. Assignment of transfer of miners' property, or letters, or instruments, authorising the transfer or assignment of miners' property where the letter or inj strumeut is the only act required on the the part of the vendor or assignor. Where the purchase or consideration money therein expressed or the value of the property transferred or to be transferred shall not exceed L 20 — Is Exceeding L2O, aud not exceeding Lso— 2s Gd Exceeding LSO, and not exceeding Lloo— ss For every additional LSO, or fractional part of L 50 — 2s 6d Exemplification of probate — 2o* Gd Counterpart of lease or agreement by deed— 2s Gd Some misapprehension appearing to exist as to the use of impressed and adhesive stamps, and as to the instruments to which adhesive stamps may be affixed, the public is informed that all instruments liabb to stamp duty should be written on parchment or paper previously stamped by the Commissioners with an impressed stamp. The instruments under-mentioned, and no others, may however be stamped with adhesive stamps by the persons making or signing such instruments ; provided the stamps are affixed at the time of making or signing the instrument. Agreements under hand only Agreements comprised in letters Bills of Lading Cheques on banks or bankers Policies of insurance Eeceipts for money paid, None of the instruments above specified can, after they are made or signed, be stamped by the [erjons making or signing them. All instruments requiring to be stamped after execution must be • stamped by the Commissioners ; but the Commissioners ara prohibited from so stamping any bill of exchange, promissory note, or other note, draft, or order for the payment of money. Bills of exchange drawn out of but payable within the colony, must be stamped by the holder with an adhesive stamp or stamps ; but such stamps must be affixed before pres-ntation of such bill for acceptance, and before endorsement, transfer, negotiation, or payment, Impressed stamps are obtainable at all Stamp offices, and of all Postmasters actiug as official distributors of stamps.

The following alteration has been made in the law relating to the transfer of mining shares : — The duty upon the transfer of any share or shares in the stock or funds of any corporation, company, or society whatsoever, in New Zealand, may in the case of shares in auy gold mining company carrying on business within the limits of any proclaimed gold field, or of the transfer of any property held by virbue of a miners 5 right he denoted by an adhesive stamp affixed thereto, and the Minister shall provide stamps for that purpose. Whenever any adhesive stamp shall be used for denotiug the payment of stamp duty charged on such instrument as in the preceding sectiou mentioned the transferor shall at the time of executing the instrument of transfer so sign his name thereto as that part of his sig-

nature shall be ou the left side of the stamp, part on the slamp itse'f, and parb on the rrjhfc hand side oT the stamp,aud the .s'guatir.-e shall be written continuously and shall bo so wiLi;en as ie the stamp were parb of the paper, and hi default L-iei-eof the stamp sball be of no ava : l, and bach adhesive stamp shall be affixed by the transferor, and such transferor faiUng to affix and cancel as aforesaid any such stamp at the time of executing such transfer shall be liable to a penalty of fifty pounds.