STAMP DUTIES ACT AMENDMENT ACT, 1871.

Westport Times, Volume V, Issue 895, 2 December 1871, Page 2

STAMP DUTIES ACT AMENDMENT ACT, 1871.

The above act came into force on December 1, 1871. Among the newly imposed duties the following are those which more commonly affect ordinary transactions. For further details reference must be made to the Act. Annual License to be taken out by all Joint Stock Companies and all incorporated companies exclusive of Mining or Flax Companies carrying on business in New Zealand whether incorporated in this colony or elsewhere. The fee payable is Is ner cent., on a nominal capital, but not to exceed a maximum of £2OO iu respect of any one certificate of incorporation.

Fob eveey Cebti?icate op Incobpobation of any Joint Stock Company, liegistered, under " The Joint Stock Companies Act, 1860," or any acts amending the same, on the registration thereof, a stamp of £5 must be affixed, and where adhesive stamps are used the same shall be affixed and cancelled by the Commissioners. Appraisement or valuation of any property or of any interest thereof, or of the annual value thereof, or of any dilapidation, or of any repairs wanted, or of the materialsand labour used, orto be used, in any building, or of auy artificers' work whatsoever, must bear an impressed or adhesive stamp as follows : Not exceeding £2O in value. Is; £SO, 2s 6d ; £IOO, 5s ; £2OO, 10s ; £SOO, 15s ; any additional sum, £l. EXEMPTIONS. (1.) Appraisement or valuation made for and for the information of one party only, and not being in auy manner obligatory between parties either by agreement or by operation of law. (2.) Appraisement or valuation of any property made for the purpose of ascertaining the legacy or increased duty paid in respect thereof. (3.) Assessment or valuation (annexed or otherwise) made for or on behalf of any municipal corporation, town board, road board, or other similar body established under any Act or Ordinance in force, and having power to levy rates by assessment ou annual value of property. Deapt or Oedeb, including cheques or orders on bankers for the payment of any sum of money to a payee named or to bearer or to order, either on demand or otherwise, not otherwise charged, must bear a twopenny stamp. Receipt given for or upon the payment of money amounting to £2 or upwards must bear a twopenny stamp. NOTABIAL ACT. (1.) For every notarial act of any kind (except protests on injury to ship or cargo), Is. (2.) For every maritime protest for or in respect of any injury or damage to any ship or vessel or the cargo or loading thereof, or for auy purpose that such protest may be required, and whether noted only or extended in due form, 2s 6d.