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38
STAMP DUTIES.
or lives (except for the payment of money upon
the death of any person only from accident or
violence, or otherwise than from a natural cause) :
Where the sum insured does not exceed £10, Id.
Exceeds £10, but does not exceed £25, - 3d.
Exceeds £25, but does not exceed £500:
For every full sum of £50, and also for any frac-
tional part of £50, of the amount insured, 6d.
Exceeds £500, but does not exceed £1000:
For every full sum of £100, and also for any frac-
tional part of £100, of the amount insured, Is.
Exceeds £1000:
For every full sum of £1000, and also for any
fractional part of £1000, of the amount in-
sured, -__-_- 10s.
(2.) For any payment agreed to be made upon the
death of any person, only from accident or violence,
vr 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. Id.— (33 and 34 Vict. c. 32, § 13.)
[Fire policies are included in this charge (2).]
Insurance, Sea.
Policy of insurance (after 31st May, 18(57), for or
upon any voyage —
(1.) For every £100 and fractional part of £100
thereby insured, - - - - - 3d.
(2.) For time: for every £100 and any fractional
part of £100 thereby insured —
For any time not exceeding six months, - 3d.
Exceeding six months and not exceeding twelve
months, ------ 6d.
(Re-assurances may be made notwithstanding pro-
hibition in 19 Geo. II. c. 37, and policies of such
re-assurances shall be liable to stamp duty. — 27
and 28 Vict. c. 56, § 1.)
But if the separate interests of two or more distinct
persons shall be insured by one policy, the duty of
3d., or 3d. or 6d., shall be charged in respect of
every £100, and every fractional part of £100,
thereby insured upon any separate and distinct
interest.— (30 Vict. c. 23, Schedule B.)
Insurances made for a voyage " and also for time,
or to extend to or cover any certain time beyond
twenty-four hours after the ship shall have arrived
at her destination and been there moored at anchor,"
chargeable with duty for a voyage and duty 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 contract
or agreement for sea insurance shall be made. — (30
Vict. c. 23, § 4.)
Commissioners of Inland Eevenue to provide blank
policies, printed— from Schedule E to A.ct —
stamped. These forms may be bought at price of
duty. Before delivering out, ofiicers of inland
revenue to mark or write thereon, day, month, and
year of delivery. Penalty for wilful neglect, £100.
—(Ibid., § 5.)
No contract or agreement for sea insurance (other
than such 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. I{
omitted, policy null and void. — (Ibid., § 7.)
Policy for any time exceeding twelve mouths, null.
—(Ibid., § 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 person, except in
two cases, to wit —
(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. —
(Ibid., § 9.)
(2.) Policy made abroad may be stamped within
two months after being received in the United
Kingdom.— (33 and 34 Vict. c. 97, § 117.)
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 period beyond
six months in the case of a policy 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, fot money
paid as additional freight or otherwise, takes the
risk of goods, &c., while on board ship, or engages
to indemnify the owners of such goods, &c., 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 a policy
duly stamped.— (30 Vict. c. 23, § 14.) Penalty
of £100 is also imposed upon a broker, agent, or
other person negotiating a sea insurance contrary
to the Act, or writing an agreement for a sea in-
surance 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 in-
surance shall not have right to charge for his
trouble, nor for the premium which he may have
paid, unless there shall be a duly stamped policy.
Money paid to such broker shall be held to be
paid without consideration, and shall remain the
property of the employer, his executors, or assigns.
—(Ibid., § 16.)
Power of Attoknet. See Letter of At- I
TORNEY.
Precept of Clare Constat to give seisin of landa
or other heritable subjects in Scotland, - 5s.
Presentation to any ecclesiastical benefice, dignity,
or promotion. See Appointment, &c., to Eccle-
siastical Benefices.
Procuration, deed or other instrument of, 10s.
Promissory Note. See Bank Note, Bill of
Exchange, and § 49. (This section defines
"Promissory Note.")
Protest of any bill of exchange or promissory note :
Where the duty on the bill or note does not exceed
Is., the same duty as the bill or note.

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