STAMP DUTIES.

Grey River Argus, Volume X, Issue 869, 10 May 1871, Page 4

STAMP DUTIES.

The following is a summary of the provisions of the Stamp Duties Act : — There are four Schedules to the Act. The first contains the duties on deeds and other instruments relating to transactions between living persons ; the second, the duties on probates of wills and letters of administration ; the third, the duties on legacies and successions to personal estate under any testamentary disposition, or upon intestacy ; the fourth, duties on successions to real and personal estate. Schedule I. Agreements, or, minute, or memorandum of agreement, under hand only where the matter shall be of the value of L2O or upwards — Is. Bills of exchange (inland), for every LSO, or fractional part of L 50 — Is. Bills of exchange drawn out of the Colony, but endorsed or negotiated within the Colony, the same duty as on an ialand bill" of the same amount and tenor. Foreign bills, if drawn singly or otherwise than in a set of two or more, the same duty as on an inland bill. If drawn in sets of two, 6d for every LSO, or fractional part of LSO. Promissory notes (other than payable ou demand) not exceeding L 25 — 6d; exceeding L 25, aud not exceeding LSU — Is ; and so on, Is for every LSO, and fractional part of LoO. Promissory notes (payable on demand) issued by any bank in New Zealand are exempt from these duties, banks being otherwise chargeable. Bills of lading, or receipt in lieu thereof, frora the master, mate, or agent of any vessel, for goods carried beyond the Colony — Is. Conveyances of any kind, except transfer expressly provided for by the Act, for every LSO, or fractional part of LSO, of the purchase money — ss. Crown grants and certificates of title granted under the hand of the RegistrarGeneral, pursuant to "The Land Registry Act, I860," are exempt from these duties. Deeds, or instruments of any kind whatever, not otherwise charged iv this cbedule — 10s.