Towns > Edinburgh > 1846-1975 - Post Office Edinburgh and Leith directory > 1887-1888

786
STAMP DUTIES, ETC.
But no release or discharge of mortgage of
any stock or marketable security chargeable
with ad valorem duty, 34 Vict. c. 4, § 5.
Mutual Disposition or Conveyance in Scotland.
See Exchange.
Notarial Act of any kind whatsoever (except a
protest of a bill of exchange or promissory
note, or any notarial instrument to be expeded
and recorded in any register of sasines). Is.
And see Protest and Seisin.
Order for the payment of money. See Bill of
Exchange, and § 48. (This section defines
' Bill of Exchange.')
Partition or Division. See Exchange.
Passport ...6d.
Patent Medicine —
Price not exceeding Is. — l|d. ; not exceeding
2s. 6d. — 3d. ; not exceeding 4s. — 6d. ; not ex-
ceeding 10s Is. ; not exceeding 20s. — 2s.,etc.
Plate. — Gold, per oz., 17s. ; Silver, Is. 6d.
Exemptions. — Watch-cases, rings, etc.
[Playing Cards. — For and in respect of every pack
made fit for sale or use in the United Kingdom,
25 Vict. c. 22 Os. 3d.]
defeating or making redeemable or explaining
or qualifying any conveyance, disposition, as-
signation, or tack of any lands, estate, or pro-
perty whatsoever, apparently absolute but in-
tended only as a security :
-Also any agreement, contract, or bond accom-
panied with a deposit of title-deeds for making
a mortgage, wadset, or any such other security
or conveyance as aforesaid of any lands, estate,
or property comprised in such title-deeds, or
for pledging or charging the same as a security :
And also any deed whereby a real burden is de-
clared or created on lands or heritable subjects
in Scotland.
Security for stoch to be charged as a sum equal to
value of it. — § 106. A security for the transfer or
retransfer of any stock is to be charged with the
same duty as a similar security for a sum of money
equal in amount to the value of such stock ; and a
transfer, assignment, disposition, or assignation of
any such security, and a reconveyance, release, dis-
charge, surrender, resurrender, warrant to vacate,
or renunciation of any such security, shall be
charged with tlie same duty as an instrument of
the same description relatiug to a sum of money
equal in amount to the value of such stock.
Security for future advances., where limited, P> he
charged on amount so limited. — § 107 (1.) A security
for the payment or repayment of money to be lent,
advanced, or paid, or which may become due upon
an account-current, either with or without money
previously due, is to be charged, where the total
amount secured or to be ultimately recoverable is
in any way limited, with the same duty as a secu-
rity for the amount so limited.
If not limited, available for sum stamp luill cover.
— (2.) Where such total amount is unlimited, the
security is to be available for such an .Tmount only
as the ad valorem duty impressed thereon extends
to cover.
Advances for insurance not liable. — (3.) Provided
that no money to be advanced for the insurance of
any_ property comprised in any such security
against damage by fire, or for "keeping up any
policy of life insurance comprised in such security,
or for effecting in lieu thereof any new policy, or for
the renewal of any grant or lease of any property
comprised in such security upon the dropping of any
life whereon such property is held, shall be reckoned
as forming part of the amount in respect whereof
the security is chargeable with ad valorem dutv.
Policy of Insurance — •
Life and Personal Injury, and against Loss of or
Damage to Property.
(1.) Upon any life or lives, or upon any event or
contingency relating to or depending upon any
life or lives (except for the payment of money
upon the death of any person only from acci-
dent or violence, or otherwise than from a
natural cause) :
Where the sum insured does not exceed
.£10 Os. Id.
Exceeds £10 but does not exceed £25 Os. 3d.
Exceeds £25 but does not exceed £500, —
Eor every full sum of £50, and also for
Security for repayment of a sum by periodical
payments, mortgage for sum. — § 108. A security for
the payment of any rent charge, annuity, or periodi-
cal payments, by way of repayment, or in satisfac-
tion or discharge of any loan, advance, or payment
intended to be so repaid, satisfied, or discharged, is
to be charged with the same duty as a similar
security for the payment of the sum of money so
lent, advanced, or paid.
Transfers and further charges not liable in respect
of anything as to transferred or previous security. —
§ 109. No transfer of a duly stamped security, and
no security by way of further charge for money or
stock, added to money or stock previously secured
by a duly stamped instrument, is to be charged
with any duty by reason of containing any further
or additional security for the money or stock trans-
ferred or previously secured, or the interest or
dividends thereof, or any new covenant, proviso,
power, stipulation, or agreement in relation thereto,
or any further assurance of the property comprised
in the transferred or previous security.
§ 110 refers to copyholds.
As to mortgage with conveyance of equity of re-
demption. — § 111. An instrument chargeable witli
ad valorem duty as a mortgage is not to be charged
with any other duty by reason of the equity of re-
demption in, the mortgaged property being thereby
conveyed or limited in any other manner than tu,
or in trust for, or according to the direction of, a
purchaser.
Exemptio7i from stamp) duty iii favour of henefii
building societies not to extend to Mortgages. — 37
and 38 Vict. c. 42, § 41. As to subsisting societies,
see ib. § 7.
Interpretation of term foreign security.^ — 34 Vict,
c. 4, § 2. The term 'foreign security ' means and
includes every security for money hy or on behalf
of any foreign or colonial state, government,
municipal body, corporation, or company, bearing
date or signed after the 3d day of June 1862 (ex-
cept an instrument chargeable with duty as a bill of
exchange or promissory note) —
(1.) Which is made or issued in the United
Kingdom ; or
(2.) Which, the interest thereon being paj-able
in the United Kingdom, is assigned, trans-
ferred, or in any manner negotiated in the
United Kingdom.
Foreign security not to include a security by or
on behalf of any colonial government, and shall
include a security which, though originallj^ issued^
to the holder out of United Kingdom, is offered'
by him for subscription and given or delivered
to a subscriber in United Kingdom. (48 and 49
Vict. o. 51, § 21.)
Penalty for issuing, etc., any foreign security not
duly stamped, £20.-34 Vict. c. 4, § 3. Every person
who in the United Kingdom makes, issues, assigns,
transfers, or negotiates any foreign security not
being duly stamped, shall forfeit the sum of £20.