Towns > Edinburgh > 1846-1975 - Post Office Edinburgh and Leith directory > 1883-1884

STAMP DUTIES, ETC.
713
of £100, of the amount or value of the property
settled or agreed to be settled 5s.
Exemption. — Instrument of appointment relating
to any property in favour of persons specially
named or described as the objects of a power
of appointment, created by a previous settle-
ment, stamped with ad valorem duty in respect
of the same property, or by will, where probate
duty has been paid in respect of the same pro-
perty as personal estate of the testator.
[Money in foreign or colonial currency, duty to
be calculated on the value in British cui'rency
according to the current rate of exchange at
the date of the instrument (§ 11). Stock or
marketable security, duty to be calculated on
the value according to the average price at
the date of the instrument (§ 12).] (See
Note a.)
Shake Warrant issued under the provisions of
' The Companies Act, 1867.' — See section 33 of
that Act. (By this section the share warrant
of a limited liability company issued to bearer,
is liable to stamp duty of three times the
amount of the conveyance on sale duty, on
a. As to settlement of policy or security — § 124.
Where any money which may become due or pay-
able upon any policy of insurance, or upon any
seciirity not being a marketable security, is settled
or agreed to be settled, the instrument whereby
such settlement is made or agreed to be made is to
be charged with ad valorem duty in respect of such
money :
Proviso as to policies. — Provided as follows —
(1.) Where, in the case of a policy of insur-
ance, no provision is made for keeping up
the policy, the ad valorem duty is to be
charged only on the value of the policy at
the date of the instrument.
(2.) If in any such case the instrument contains
a statement of such value, and is stamped in
accordance with such statement, it is, so far
as regards such policy, to be deemed duly
stamped, unless or until it is shown that
such statement is untrue, and that the instru-
ment is in fact insufficiently stamped.
Provision for payment or transfer of money or
stoch settled. — § 125 (1.) An instrument chargeable
with ad valorem duty as a settlement in respect of
any money, stock, or security is not to be charged
with any further duty by reason of containing pro-
vision for the payment or transfer of the same
money, stock, or security.
Reversionary property settled — Annuity hy person
in possession. — (2.) Where any money, stock, or
security is settled or agreed to be settled by a per-
'son who has only a reversionary interest therein, and
the instrument whereby such settlement is made
or agreed to be made contains a covenant by the
person entitled in possession to the interest or divi-
dends of such money, stock, or security for the pay-
ment, during the continuance of such possession, of
any annuity or yearly sum not exceeding interest
at the rate of £4 per centum per annum upon the
amount or value of such money, stock, or security,
such instrument shall not be charged with any
duty in respect of such covenant.
Where several instruments, one only to he charged
with ad valorem duty. — § 126 (1.) Where several
instruments are executed for effecting the settle-
ment of the same property, and the ad valorem duty
chargeable in respect of the settlement of such pro-
perty exceeds 10s., one only of such instruments is
to be charged with the ad valorem duty.
(2.) Where a settlement is made in pursuance of
the nominal value of the shares.) (See
Note a.)
Stock Certificate to Bearer. See Conveyance
or Transfer.
Sulphuric Acid Works. See Certificate.
Tack of lands, etc. in Scotland. See Lease or
Tack.
Tack in Security. See Mortgage, etc.
[Testamentary Instruments. See General
Exemptions at end of Table.]
Transfer. See Conveyance or Transfer.
Transfer. — Any request or authority to the purser
or other officer of any mining company, con-
ducted on the cost book system, to enter or
register any transfer of any share, or part of a
share, in any mine, or any notice to such
purser or officer of such transfer n:6d.
(See Note 6.)
[Trustee. — Conveyance or transfer for effectuat-
ing the appointment of a new trustee, no higher
duty than 10s.]
Valuation. See Appraisement.
Voting Paper. See along with Letter or Power
OF Attorney.
Wadset. See Mortgage, etc.
Warrant for Goods, 3d. See along with De-
livery Order.
Warrant under the sign manual of Her Majesty,
her heirs or successors 10s.
Works. — Alkali, sulphuric acid, etc. See Cer-
tificate.
Writ—
(1.) Of Acknowledgment rnxdiev ' The Eegistration
of Leases (Scotland) Act' 5s.
(2.) Of Acknoioledgment by any person infeft of
lands in Scotland, in favour of the heir or dis-
ponee of a creditor fully vested in right of an
heritable security constituted by infeftment, 5s.
(3.) Of Clare Constat (charter, precept, or writ
by progress, as a title to land, is abolished ;
but charters of novodamus, or precepts, or
writs from Chancery, or dare constat, or writs of
acknowledgment, are excepted, 37 and 88 Vict,
c. 94, § 4) 5s.
GENEEAL EXEMPTIONS FEOM ALL
STAMP DUTIES.
(1.) Transfers of shares in the Government or
Parliamentary stocks or funds.
(2.) Instruments for the sale, transfer, or other
disposition, either absolutely or by way of
any previous agreement, or articles upon which
Any ad valorem settlement duty exceeding 10s. has
been paid in respect of the same property, such
settlement is not to be charged with any ad valorem
settlement duty.
(3.) In each of the aforesaid cases the instru-
ments not chargeable with ad valorem duty are to
be charged with the duty of 10s.
a. § 127. If a share warrant is issued without
being duly stamped, the company issuing the same,
and also every person who, at the time when it
is issued, is the managing director or secretary or
other principal officer of the company, shall for-
feit £50.
h. § 128 (2.) Every person who writes or executes
any such request, authority, or notice, not being
duly stamped, and every purser or other officer of
any such company who in any manner obeys,
complies with, or gives effect to any such request,
authority, or notice, not being duly stamped, shall
forfeit £20.