Towns > Edinburgh > 1846-1975 - Post Office Edinburgh and Leith directory > 1872-1873

594
STAMP DUTIES, ETC.
1
Exceeding £5 and not exceeding £10
10 ... 25
25 ... 50
50 ... 75
75 ... lUO
For every £100. and also for any frac-
tional part of £100, of such amount
or value
Exemptions.— {I.) Bill or note issued by the Bank
of England or Bank of Ireland.
(2.) Draft or order by a banker in United King-
dom upon another banker in United Kingdom,
not payable to bearer or to order, and used
solely for the purpose of settling or clearing
any account between such bankers.
(3.) Letter written by a banker in United King-
dom t3 any other banker in United Kingdom,
directing the payment of any sum of money,
the same not being payable to bearer or to
receives or takes any such bank note in payment
or as a security, knowing the same to have been
issued unstamped contrary to law, he shall forfeit
the sum of £20.
Interpretation of term ' hill of exchange.' — § 48.
(1.) The term ' bill of exchange ' for the purposes
of this Act includes also draft, order, cheque, and
letter of credit, and any document or writing (ex-
cept a bank note) entitling or purporting to entitle
any person, whether named therein or not, to pay-
ment by any other person of, or to draw upon any
other person for, any sum of money therein men-
tioned.
Interpretation of term '■ pi-omissory note.'—^ 49.
(1.) The term 'promissory note' means and in-
cludes any document or writing (except a bank
note) containing a promise to pay any sum of
money.
(2.) A note promising the payment of any sum
of money out of any particular fund which may or
may not be available, or upon any condition or con
tingency which may or may not be performed or
happen, is to be deemed for the purposes of this Act
a promissory note for the said sum of money.
Bills and notes purporting to he drawn, etc., abroad
to be deemed to have been so drawn, etc. — § 52. A bill
of exchange or promissory note purporting to be
drawn or made out of the United Kingdom is, for
the purposes of this Act, to be deemed to have been
so drawn or made, although it may in fact have
been drawn or made within the United Kingdom.
Penalty for issuing, etc., any unstamped bill or
note, £10; and the bill or note to be unavailable.—
§ 54. (1.) Kvery person who issues, indorses, tranS'
fers, negotiates, presents for payment, or pays any
bill of exchange or promissory note liable to duty
and not being duly stamped, shall forfeit the sum
of £10; and the person who takes or receives from
any other person any such bill or note not bein^
duly stamped either in payment or as a security, or
by purchase or otherwise, shall not be entitled to
recover thereon, or to make the same available for
any purpose whatever.
One bill only out of a set need be stamped. — § 55.
When a bill of exchange is drawn in a set accord-
ing to the custom of merchants, and one of the set
is duly stamped, the other or others of the set shall,
unless issued or m some manner negotiated apart
from such duly stamped bill, be exempt from duty;
and upon proof of the loss or destruction of a
duly stamped bill forming one of a set, any other
bill of the set which has not been issued or in
any manner negotiated apart from such lost or
destroyed bill may, although unstamped, be ad-
mitted in evidence to prove the contents of siich
lost or destroyed bill.
order, and such letter not being sent or de-
livered to the person to whom payment is to
be made, or to any person on his behalf.
(4.) Letter of creiiit granted in United Kingdom
authorizing drafts to be drawn out of United
Kingdom payable in United Kingdom.
(5.) Diaft or order drawn by the Accountant-
General of the Court of Chancery in England
or Ireland.
(6.) Warrant or order for the payment of any
annuity granted by the Commissioners for the
reduction of the National Debt, or for the pay-
ment of any dividend or interest on any share
in the Government or Parliamentary stocks or
funds.
(7.) Bill drawn by the Lords Commissioners of
the Admiralty, or by any person under their
authority under the authority of any Act of
rarliament, upon and payable by the Accoun-
tant-Gen eral of the Navy.
(8.) Bill drawn (according to a form prescribed
by Her Majesty's orders by any person duly
authorized to draw the same) upon and pay-
able out of any public account for any pay or
allowance of the army or other expenditure
connected therewith.
(9.) Coupon or warrant for interest attached to
and isaued with any security.
(See § 48, 49, 52, 54, and 55, Note b, pp.
593, 594.)
BiLiv OF Lading of or for any goods, merchandise,
or effects to be exported or carried coast-
wise 6d.
(See Note o.)
Bill of Sale. — Absolute — See Convi^yance on
Sale. By way of Security — See Mortgage,
(See Note b.)
Bond for securing the payment or repayment of
monej', or the transfer or retransfer of stock.
See Mortgage, etc.
Bond in relation to any annuity upon the original
creation and sale thereof. See Conveyance
on Sale.
(See Note c.)
Bond, Covenant, or Instkusient of any kind
whatsoever.
(1.) Being the only or principal or primary secu-
rity for any annuity (except upon the original
creation thereof by way of sale or security'), or
of any sum or sums of money at stated periods,
not being interest for anj- principal sum secured
by a duly stamped instrument, nor rent reserved
by a lease or tack:
For a definite and certain period, so that the
total amount to be ultimately payable can
be ascertained — the same ad valorem duty
as a bond or covenant for such total
amount. See Mortgage, etc. (1.)
For the term of life, or any other indefinite
period —
For every £5, and also for any fractional
part of £5, of the annuity or sum peri-
odically payable 2s. 6d.
a. § 56. (1.) Not to be stamped after the execution
thereof.
(2.) Every person who makes or executes, not duly
stamped, shall forfeit £50.
b. § 57. A copy of a bill of sale is not to be filed
in any court, unless the original, duly stamped, is
produced to the proper officer.
c. § 75. Where, upon the sale of an annuity, there
is not a grant or conveyance, the bond or other
instrument for securing the annuity to bo deemed
conveyance on sale.