Towns > Edinburgh > 1867-1870 - New Edinburgh, Leith, and county (business) directory > 1869-1870

626
STAMP DUTIES, ETC.
instrument, and on the whole being duly
executed and stamped in all other respects.
Duplicates to have denoting stamp im-
pressed are received by the Solicitor of In-
land Revenue, Edinburgh. See aftervfards.
Dwelling- House Act. See Lease.
Gift of vacant stipend of a Scotch parish in
the presentation of the Crown, 30s.
Insurance. .
1. LIFE.
Policy, where (after 28th August 1860) the
sum insured shall not exceed
£25, £0 3
'23 and 24 Vict. c. Ill, § 10.)
. lYhere the sum insured shall ex-
ceed .£25 and not exceed £500,
— Then for every J50, and any
fractional part of i>50, d 6
Where it shall exceed J500, and
shall not exceed £1000, — Then
for every £'100, and any frac-
tional part of £100, 1
Where it shall exceed £1000,—
Then for every £1000, and any
fractional part of £1000, 10
(16 and 17 Vict. c. 59.)
(23 and 24 Vict. c. Ill, § 8 ; 24 and 25
Vict. c. 91, § 29.) Duties may be de-
noted by adhesive stamps, which may
be provided, and in the meanwhile by
any adhesive stamps not appropriated
by name to any other instrument, or
impressed stamps, or by a combination
of both. Where adhesive stamp issued,
(probably misprinted in Act for used,)
it shall be cancelled by writing, stamp-
ing, or impressing in ink, name or ini-
tials, date, and particulars relating to
the insurance for which stamp adapted.
In default, penalty £10. (23 and 24 Vict.
c. Ill, § 9 ; 24 and 25 Vict. c. 91, § 33.)]
2. FIRE.
Duty on each policy, or other instrument,
(after 25th June 1865,) and on any note
or memor^idum given as a receipt for
money preparatory to such policy, (28
Vict. c. 30,) Id.
Besides a Duty at the rate of Is. 6d. per
cent, yearly on every insurance made,
continued, or renewed, after 25th June
1865.
(See Schedule of Act for provision as to
insurances effected or renewed between
27th April 1865 and 25th June 1865 for
period of time extending beyond 25th
June 1865.)
Insurances by foreign companies of pro-
perty in this country, liable to same
duties as insurances by companies in
this country. (19 Vict. c. 22.) Ee-
assurances not chargeable with per
centage duty, but with the policy stamp.
{Ih. § 6.)
Exemptions. — Public hospitals ; also agri-
cultural produce, farming stock, and im-
plements of husbandry, provided the in-
surance shall be effected by a separate
and distinct policy. Also exempted, any
workman's tools, for the benefit of the
workman, not exceeding £20, if by a
separate policy, or by a distinct sum
being insured on them. (23 and 24 Vict,
c. Ill, §11.)
3. SEA.
Policy of insurances made for a voyage,
" and also for time, or to extend or to
cover any certain time beyond twenty-
four hours after the ship shall have ar-
rived at her destination, and been there
moored at anchor," chargeable with duty
for a voyage and for time. (30 Vict. c.
23, § 11.)
For every policy, after 31st May 1867, of
sea insurance for or upon any voyage —
In respect of every full sum of £100, and
in respect of any fractional part of £100
thereby insured, — 3d.
For every policy of sea insurance for time
— In respect of every full sum of £100,
and in respect of any fractional part of
£100 thereby insured, when the insur-
ance shall be made for any time not
exceeding six months, — 3d.
When the insurance shall be made for any
time exceeding six months, and not ex-
ceeding twelve months, — 6d.
Pte-assurances made be made notwith-
standing prohibition in 19 Geo. II. c. 37,
and policies of such re-assurances shall
be liable to stamp duty. (27 & 28 Vict,
c. 56, § 1.)
But if the separate interest of two or more
distinct persons shall be insured by one
policy for a voyage or for time, then the
duty of 3d., or the duty of 3d. or 6d., as
the case may require, shall be charged
thereon in resjject of every full sum of
£100, and every fractional part of £100,
thereby insured upon any separate and
distinct interest, (30 Vict. c. 23, sche-
dule B.)
" Sea insurance" means any insurance (in-
cluding 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 insur-
ance shall be made. (30 Vict. c. 23, § 4.)
Commissioners of Inland Revenue to pro-
vide blank policies printed (form sch.
E to Act), stamped. These forms may
be bought at price of duty. Before de-