Towns > Edinburgh > 1846-1975 - Post Office Edinburgh and Leith directory > 1855-1856

STAMP DUTIES, ETC.
XVII
cancelled, may be received and negotiated
beyond that distance.
All letters of credit, whether in sets or not, sent
by persons in the United Kingdom to persons
abroad, authorising drafts on the United
Kingdom.— 16 & 17 Vict, c. 59.
Note. — The duty on drafts or orders may be
impressed on the paper, or an adhesive stamp
may be affixed. — 16 & 17 Vict. c. 59, § 3.
The adhesive stamp may be either a receipt
or draft stamp.— 17 & 18 Vict. c. 83, § 10.
Where an adhesive stamp is used, the maker
of the draft to cancel the stamp by writing
on it his name or initials. Penalty for omis-
sion, £10. Penalty for removing adhesive
stamps or using them a second time, or doing
any act to defraud of duty, £20.-16 & 17
Vict. c. 59, § 4 & 5.
Iklanb Bill payable otherwise than on demand ;
Promissory Note payable otherwise than to
bearer on demand ^
Foreign Bill drawn in but payable out of the
United Kingdom, not drawn in sets of three
or more ;
Foreign Bill drawn out and payable out of the
United Kingdom, but endorsed or negotiated
within the United Kingdom, not drawn in sets
of three or more ;
Foreign Bill drawn out of and payable within
the United Kingdom —
Not exceeding £5 ... Id.
Exceeding £5 and not above 10 ... 2d.
10 ... 25 ... 3d.
25 ... 60 ... 6d.
50 ... 75 ... 9d.
75 ... 100 ... Is.
And the following duties apply to all the above,
and in addition to
Promissory Note payable to bearer on demand —
Above £100 and not above £200 ... 2s. Od.
200 ... 300 ... 3s. Od.
300 ... 400 ... 4s. Od.
400 ... 600 ... 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 and upwards 45s. Od.
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 bank-
ers 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 pay-
able 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 ... 600 ... Is. 8d.
... 500 ... 750 ... 2s. 6d.
... 750 ... 1000 ... 3s. 4d.
Above £1000 and not above £1500 ... 5s. Od.
... 1500 ... 2000 ... 6s. 8d.
... 2000 ... 3000 ... 10s. Od.
... 3000 ... 4000 ... 13s. 4d.
4000 and upwards 15s. Od.
N.B. — The duties on Foreign Bills, drawn out of
the United Kingdom, are to be denoted by ad-
hesive stamps. The amount of duty on adhe-
sive 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, tiie 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 accordance
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 amount, —
that is. if one of the parts have the full duty,
the others may be unstamped (see Times, 6th
November 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 drawing
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, ib. § 6. This applies only
to bills drawn within and payable out of the
United Kingdom.
Inland Bill, Draft, or Order for the payment
of any sum of money, though not made payable
to the bearer, or to order, if the same shall be
delivered to the payee, or some person on his or
her behalf, the same duty as on a bill of ex-
change for the like sum, payable to beai-er or
order.
Inland Bill, Draft, or Order for the payment
of any sum of money, weeklj', monthly, or at
any other stated periods, if made payable to the
bearer, or to order, or if delivered to the payee,
or some person on his or her behalf, where the
total amount of the money thereby made pay-
able shall be specified therein, or can be ascer-
tained therefrom, or shall be indefinite, the same
duty as on a bill payable to bearer or order on
demand.
Promissory Note for the payment of any sum of
money by instalments, or for the payment of
several sums of money at different days or
times, so that the whole of the money to be
paid shall be definite and certain, the same duty
as on a promissory note, payable otherwise than
to the bearer on demand, for a sum equal to the
whole amount of the money to be paid.
Bills of Lading 6d.