Towns > Edinburgh > 1846-1975 - Post Office Edinburgh and Leith directory > 1886-1887

STAMP DUTIES, ETC.
771
any fractional part of £50, of the
amount insured Os. 6d
Exceeds £500 but does not exceed £1000, —
For every full sum of £100, and also for
any fractional part of £100, of the
amount insured Is. Od.
Exceeds £1000,—
For every full sum of £1000, and also
for any fractional part of £1000, of
the amount insured 10s. Od.
(2.) For any payment agreed to be made upon
the death of any person, only from accident or
violence, or otherwise than from a natural
cause, or as compensation for personal injury,
or by way of indemnity against loss or damage
of or to any property Os. Id.
(33 and 34 Vict. c. 32, § 13.) (See Note a.)
Fire policies are included in this charge.
(3.) Policy — Grant or contract for payment of
superannuation annuity (deferred life annuity
in consideration of annual premiums payable
until person attain any specified age, and so
as to commence on his attaining that age) :
For every sum of £5, and also for any
fraction less than £5, or over and
above £5, or a multiple of £5 of the
annuity... Os. 6d.
(45 and 46 Vict. c. 72, § 8.)
Insurance, Sea.
PoUcy of insurance (after 31st May 1867), —
(1.) For or upon any voyage : For every £100 and
fractional part of £100 thereby insured, Os. 3d.
(2.) For time: For every £100 and any
fractional part of £100 thereby insured, —
For any time not exceeding six months... Os. 3d.
For any time exceeding six months and
not exceeding twelve months Os. 6d.
(Ke-assurances may be made notwithstanding
prohibition in 19 Geo. n. c. 37, and policies of
such re-assurances shall be liable to stamp
duty.— 27 and 28 Vict. c. 56, § 1.)
Insurances made for a voyage, ' and also for time,
or to extend to or cover any certain time be-
yond thirty days (47 and 48 Vict. c. 62, § 8)
after the ship shall have arrived at her destina-
tion and been there moored at anchor,' charge-
able with duty for a voyage and dutv for time.
(30 Vict. c. 23, § 11.)
' Sea insurance' means any insurance (including
re-insurance) upon any ship or the machinery,
tackle, or furniture of any ship, or upon goods,
merchandise, or property on board of any ship ;
or upon the freight or other interest which may
be lawfully insured in or relating to any ship.
' Policy' means any instrument whereby a con-
tract or agreement for sea insurance shall be
made, and includes insurance of goods, etc..
a. § 117 (1.) The term ' insurance ' includes
assurance, and the term ' policy ' includes every
writing whereby any contract of insurance is
made, or agreed to be made, or is evidenced.
Penalty for not making out Policy. — § 118. Every
person who —
(1.) Eeceives or takes credit for any premium or
consideration for any contract of insurance,
and does not, within one month after receiving
or taking credit for such premium or considera-
tion, make out and execute a duly stamped
policy of such insurance ;
Or mahing, etc., any policy not duly stamped, £20.
(2.) Makes, executes, or delivers out, or pays or
allows in account, or agrees to pay or allow in
account any money upon or in respect of any
policy which is not duly stamped ;
shall forfeit the sum of £20.
for transit, which 'includes not only sea risk,
but also land risk from commencement of
transit to place of shipment, or from place_ of
discharge of ship to ultimate destinatioa
covered by insurance, or in warehoiise waiting
or being forwarded for shipment, or waiting
or being forwarded to ultimate destination
covered by insurance, or other land risk
incidental to transit insured. (30 Vict. c. 23,
g 4, and 47 and 48 Vict. c. 62, § 8.)
Commissioners of Inland Eevenue to provide
blank policies, printed (form sch. E to Act),
stamped. These forms may be bought at price
of duty. Before delivering out, ofBcers of In-
land Eevenue to mark or write thereon day,
month, and year of delivery. Penalty for
wilful neglect, £100. (/6. § 5.)
No contract or agreement for sea insurance (other
thansuch insurance as is referred to in 25 and 26
Vict. c. 63, § 55) shall be valid unless expressed
in a policy. Policy shall specify such particular
risk, names of underwriters, and sums insured.
If omitted, policy null and void. (Ih. § 7.)
Policy for any time exceeding twelve months,
null. {Ih. § 8.)
Policy not good or available in law or equity
unless duly stamped, and cannot be stamped
after it is signed or underwritten by any per-
son, except as follows: —
1. Policy of mutual insurance may be stamped
with additional duty, provided it shall not
be underwritten at the time to an amount
exceeding the sums the stamps already on it
will warrant. {Ih. § 9.)
2. Policy made abroad may be stamped within
fourteen days after being received in the
United Kingdom. (33 and 34 Vict. c. 97, §
117, 44 Vict. c. 12, § 44 (6).)
3. Policy unstamped or insufficiently stamped
produced ia court of civil judicature may be
stamped on payment to the officer whose duty it
is to read it of unpaid duty and penalty of £100,
and further sum of £1. (39 Vict. c._6, § 2.)
Alterations on the terms and conditions of a
policy may be made after it is underwritten —
if made before notice of determination of risk
originally insured — and shall not prolong the
periodbeyond six monthsin the case of apolicy
for less than six months, or beyond the period
allowed by the Act in the case of a policy made
for more than six months, and if the property
of the articles insured remains the same, and
no additional or further sums shall be insured.
Carriers by sea or other person who, for money
paid as additional freight or otherwise, takes
the risk of goods, etc., while on board ship,
or engages to indemnify the owners of such
goods, etc., from loss, — such shall be deemed
a contract for a sea insurance.
Penalty of £100 is imposed on a person who shall
become an assurer upon a sea insurance unless
by policy duly stamped. (30 Vict. c. 23, § 13.)
Penalty of £100 is imposed on a person who shall
procure a sea insurance unless there shall be
policy duly stamped. (30 Vict. c. 23, § 14.)
Penalty of £100 is also imposed upon a broker,
agent, or other person negotiating a sea insur-
ance contrary to the Act, or writing an agree-
ment for a sea insurance not duly stamped.
{Ibid. § 14.)
Penalty of £100 is imposed for issuing a document
purporting to be a copy of a policy, if there shall
not be a duly stamped policy existing at the
time. {Ibid. § 15.)
Broker, agent, or other person negotiating a sea
insurance shall not have right^ to^ charge for