Towns > Glasgow > 1828-1912 - Post-Office annual Glasgow directory > 1870-1871

1G
STAMP DUTIES.
3. Bill (Foreign) drawn in but payable out of
United Kingdom, not drawn in sets of three or
more;
4. Bill (Foreign) not exceeding £500 drawn out
and payable out of United Kingdom, but endorsed
or negotiated within United Kingdom, not drawn
iu sets of three or more ;
5. Bill (Foreign) not exceeding £500 drawn out
of and payable within United Kingdom ;
G. Bill (Foreign) drawn or endorsed out of United
Kingdom, payable on demand (after 3rd April,
1860) (23 Vict, c. 15);
7. Bill (Foreign): Any bill of exchange payable
on demand endorsed out of United Kingdom,
wheresoever drawn (27 and 28 Vict. c. 56, § 2) ;
8. Foreign Promissory Note made out of and
payable within United Kingdom (23 and 24 Vict.
c. Ill);
Not exceeding £5 Id.
Exceeding £5 and not above £10 2d.
" 10 " 25 3d.
" 25 " 50 6d.
" 50 " 75 9d.
" 75 " 100 Is.
The following duties apply to all the above, and, in
addition, to Promissory Notes payable to bearer
on dem-and —
Above £100 and not above £200 2s.
» 200 " 300 3s.
" 300 " 400 4s.
" 400 " 500 5s.
" 500 " 750 7s. 6d.
" 750 " 1000... 10s.
" 1000 " 1500 15s.
" 1500 " 2000 20s.
" 2000 " 3000 30s.
" 4000, for every £1000 or part of
£1000, 10s.
Bill (Foreign) for payment of money exceeding
£500 drawn out of United Kingdom, and payable
or endorsed or negotiated within United Kingdom
(24 and 25 Vict. c. 21). For every £100 and
part of £100, ----- Is.
[Promissory Notes for £100 or under are not
to be drawn payable to bearer on demand, except
bankers' re-issuable notes, which require a different
stamp; and only such notes of bankers can be
re-issued after being once paid.]
Bills (Foreign) drawn in, but payable out of,United
Kingdom, and also drawn out and payable out
of United Kingdom, but endorsed or negotiated
within United Kingdom (23 Vict. c. 15), if drawn
in sets of three or more, for every bill of each set —
Sum payable not above£25 ....Id.
Above £25 and not ab. 50 2d.
" 50 " 75 3d.
" 75 " 100 4d.
" 100 " 200 8d.
" 200 " 300 Is,
" 300 " 400 Is. 4d.
" 400 " 500 Is. Sd.
" 500 " 750 2s. 6d.
" 750 " 1000 3s. 4d.
" 1000 " 1500 5s.
" 1500 " 2000 6s. 8d.
" 2000 " 3000 10s.
" 3000 " 4000 13s. 4d.
" 4000, for every £1000 or part of
£1000 3s. 4d.
[The duty on a Foreign Bill drawn or endorsed ont
of the United Kingdom, payable on demand, is
the same as on an Inland Bill payable otherwise
than on demand (23 Vict. c. 15). The word
" endorsed "' is held by the Board of Inland
Kevenue to have no practical effect. A Foreign
bill drawn in but payable out of United Kingdom
on demand, although to be endorsed out of United
Kingdom, if not drawn in sets, would be liable to
a duty of Id.]
[The duties on Foreign Bills and Notes, drawn and
made out of United Kingdom, are to be denoted
by adhesive stamps. The holder must affix and
duly cancel the adhesive stamp, if one not on it,
before he negotiate it. If not cancelled, a subse-
quent holder may do so, but the person who ought,
to have cancelled is not relieved of the penalty
(17 and 18 Vict. c. 83, §§ 3 and 5 ; 24 and 25
Vict. c. 91, § 33). The Act 23 Vict. c. 15, § 12,
provides that the party paying the bill shall write
"paid" upon the stamp. The Act 17 and 18
Vict. c. 83, § 5, applies to bills payable on demand
out of the United Kingdom (27 and 28 Vict. c.
56, § 21).]
[Bills bearing to be drawn out of United Kingdom
are to be deemed Foreign Bills so drawn, though
they may in reality be drawn in United Kingdom
(17 and 18 Vict. c. 83, § 4). A person in United
Kingdom drawing and issuing a bill payable out
of United Kingdom in a set, must draw the whole
set, and a person transferring or negotiating such
bill must transfer and deliver, stamped, the whole
number of the set. A person taking such bill
must get the whole set stamped, otherwise he can-
not make it available, ib. § 6. This applies only
to bills drawn within and payable out of United
Kingdom.]
[Bills payable on demand, and endorsed out of the
United Kingdom, wheresoever drawn, are held to
be Foreign Bills, but chargeable with the same
duty as inland bills not payable on demand (27
and 28 Vict. c. 56, § 21).]
Bill (Inland), Draft, or Order for payment of
money, though not made payable to bearer or
order, if the same be delivered to the payee, or
some person on his behalf — The same duty as on
a bill of exchange for the like sum, payable to bearer
or order.
Bill (Intend), Draft, or Order for payment of
money, weekly, monthly, or at other stated periods,
if payable to bearer, or order, or if delivered to the
payee, or some person on his behalf, where the
total amount payable shall be. specified, or can be
ascertained, or shall be indefinite — The same
duty as cm a bill payable to bearer or order on
demand.
Promissory Note for payment of money by instal-
ments, or at different times, so that the whole
money to be paid shall be definite— The same duty
as on a promissory note, payable otherwise than to
the bearer on demand, for a sum equal to the whole
money to be paid.
Bills of Lading, _ - - - 6d.
[Bills of Lading cannot be stamped after signing.
The penalty for signing unstamped bills is £50
(5 and 6 Vict, c. 79, § 24).]