Untitled

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

The followiug alteration has been made in the law relating to the transfer of miuing shares : — The duty upon the transfer of any share or shares in the stock or funds of any corj.oi'tition, company, or society whatsoever, in New Zealand, may in the case of shares in any gold mining company carrying on business within the limits of any proclaimed gold field, or of the transfer of any property held by virtue of a miners' right be denoted by an adhesive stamp affixed thereto, aud 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 on the left side of the stamp, part on the stamp itself, and part on the right hand side of the stamp, and the signature shall be written continuously and shall be so written as if the stamp were part of the paper, and in default thereof the stamp shall be of no avail, and such adhesive stamp shall be affixed by the transferor, and such transferor failing 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.