Towns > Edinburgh > 1846-1975 - Post Office Edinburgh and Leith directory > 1862-1863

STAMP DUTIES, ETC.
25
And the following duties apply to all the
above, and in addition to
Promissory Note payable to bearer on de-
mand.
Above £100 and not above £200... 2s. Od.
200 ... 300... 3s. Od.
300 ... 400... 4s. Od.
400 ... 500... 5s. Od.
500 ... 750... 7s. 6d.
750 ... 1000... 10s. Od.
... 1000 ... 1500... 15s. Od.
... 1500 ... 2000... 20s. Od.
... 2000 ... 3000.. .30s. Od.
... 3000 ... 4000.. .40s. Od.
... 4000 for every £1000, or part of
£1000, 10s.
FoREiGX Bill for payment of money exceed-
ing £500 drawn out of the United King-
dom, and payable, or endorsed, or nego-
tiated within the United Kingdom. For
every £100 and part of a £100 Is.
(24 & 25 Vict. c. 21.)
N.B. — Promissory Notes for £100 or under
are not to be drawn payable to bearer
on demand, except bankers' re-issuable
notes, which require a different stamp ;
and only such notes of bankers and no
others can be re-issued after being once
paid.
Foreign Bills drawn in but payable out of
the United Kingdom, and also drawn out
and payable out of the United Kingdom,
but endorsed or negotiated within the
United Kingdom, if drawn in sets of three
or more, for every bill of each set —
Sum payable not above £25 ... Os. Id.
Above £25 and not above 50 ... Os. 2d.
50 ... 75 ... Os. 3d.
75 ... 100 ... Os. 4d.
... 100 ... 200 ... Os. 8d.
... 200 ... 300 ... Is. Od.
... 300 ... 400 ... Is. 4d.
... 400 ... 500 ... Is. 8d.
... 500 ... 750 ... 2s. 6d.
... 750 ... 1000 ... 3s. 4d.
... 1000 .... 1500 ... 5s. Od.
... 1500 ... 2000 ... 6s. 8d.
... 2000 ... 3000 ... 10s. Od.
... 3000 ... 4000 ... 13s. 4d.
. . . 4000 and upwards — every bill of the
set, for every £1000, or part of £1000,
3s. 4d. (23 Vict. c. 15.)
Note. — The duty on a Foreign Bill, on and
after 3d April 1860, drawn or endorsed
out of the United Kingdom for the pay-
ment of money on demand, is the same
duty as on an Inland Bill of Exchange,
for the payment of money otherwise
than on demand. (23 Vict. c. 15.) See
above.
The word " endorsed " is held by the Board
L of Inland Revenue to have no practicable
i effect. See Times, 20th and 22d April
* 1860.
N.B. — The duties on Foreign Bills, drawn
out of the United Kingdom, are to be
denoted by adhesive stamps. The holder
to affix the adhesive stamp if one not on
it before he negotiate it, and cancel the
stamp by writing his name or the name
of his firm, and the date on it. (17 & 18
Vict. c. 83, § 3.) If the Bill or Note be
received by the holder with the adhesive
stamp effectually obliterated and pur-
ported, and appearing to be duly can-
celled, the same, as regards such holder,
shall be deemed to be so. If not can-
celled, the holder may do so, as if he
were the person first negotiating the
Bill or Note. On his doing so, the Bill
or Note shall be duly stamped. The
person who ought to have cancelled the
stamp not relieved of any penalty in-
curred by not cancelling the same. (24
& 25 Vict. c. 91, § 33.) The Act 23 Vict.
c. 15, § 12, provides that the party pay-
ing the bill shall, when he does so, write
the word " paid " upon the stamp. The
amount of duty on adhesive stamps is
impressed on two parts. The Board of
Inland Revenue recommend that the
■■, cancellation should be on one of the
parts, and the other left legible.
If a Foreign Bill payable abroad, and as to
which the provision " drawn in sets of
three or more " apply, shall be drawn in
a single bill, the duty will be the same
as on an Inland Bill ; and if in a set of
two, the duty on each will be the same
as on an Inland Bill. This is in accord-
ance with the opinion of the Board of
Inland Revenue, (see North British Daily
Mail, 3d November 1854.) But the
Board have given an opinion that 'a
Foreign Bill drawn abroad and payable
in this country in duplicate or triplicate
only represents one transaction, and is
liable to the duty on one Inland Bill of
the same account, — that is, if one of the
parts have the full duty, the others may
be unstamped, (see Times, 6th Novem-
ber 1854.) The schedule of the act does
not provide for such a bill being drawn in
sets. Bills bearing to be drawn out of
the United Kingdom are to be deemed
Foreign Bills so drawn, although they
may in reality be drawn in the United
Kingdom. (17 & 18 Vict. c. 83, § 4.) A
person in the United Kingdom dramng
and issuing a bill payable out of the
United Kingdom in a set, must draw
the whole set, and a person transferring
or negotiating such bill must transfer
and deliver, stamped, the whole number
of the set. Penalty £100. A person
taking such bill must get the whole set
stamped, otherwise he cannot recover
on it or make it available. (lb. § 6.) This