UNSTAMPED CHEQUES.

Manawatu Herald, Volume XLVI, Issue 2718, 8 April 1924, Page 2

UNSTAMPED CHEQUES.

TAX OF 2d MILL REMAIN

Bank customers who want new cheque-books will shortly find that the cheques handed out to them by their hankers will no longer bear the oval impressed two-penny stamp which has for so long been so familiar.(o them. They will not, however liiid that this means any saving; tin- hanks will, as hitherto, a>k the ‘customer to pay for the chequebook iast the same amount as if each .cheque bore the embossed stamp. This W the result of an arrangement which lias been made between the Stamp Commissioner and the hanks, ami particulars of which appear in the "New Zealand Gazelle” of (itli March. When the present supplies of -tamped chequebooks h;i\V been U-ed up. tile banks will no longer be required to send the books to the Stamp Office before issue in order that the stamps may be impressed upon them, but each bank wilf;aceount to the Commissioner once in three months for the duly which is payable upon all the books bf•vlieqne-forms which have been issued to customers during the .previous quarter. Ibis procedure will save the Stamp Office a very large amount of trouble and expense. This new arrangement does not apply to any cheque-forms except tlie usual form issued to its customers by each bank. Cheques which arc specially printed for particular customers must tie impressed as hitherto.