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

STAMP DUTIES, ETC.
63;
exceeding 10s., — 10s. Progressive duty, —
10s.
Scrip Certificate, after 4th August 1853,
— the duty of Id. imposed by 16 and 17
Vict. c. 63, § 8, repealed after 12th Aug.
1867. (30 and 31 Vict. c. 90, § 22.)
Scrip. — Letter of Allotment of any share of
any company, or in respect of any Joan
raised, or proposed to be raised, by any
such company, or letter of allotment is-
sued or delivered in the United Kingdom
of any share of any foreign or colonial
company, or proposed company, or in re-
spect of any loan raised, or propssed to be
raised, by or on behalf of any foreign or
colonial government, state, company, or
corporation ; including letter of renuncia-
tion, or other document having the effect
of a letter of allotment in favour of any
person, — Id.
Scrip Cerfificate or other document en-
titling any person to become the proprietor
of any share of any company, or proposed
company, or Scrip Certificate or other
document issued oi delivered in the United
Kingdom entitling any person to become
the proprietor of any share of any foreign
or colonial company, or proposed com-
pany, — Id.
Scrip or other document denoting, or in-
tended to denote, the right of any person
as a subscriber in respect of any loan
raised, or proposed to be raised, by any
company, or any Scrip or other document
issued or delivered in the United King-
dom, denoting, or intended to denote, the
right of any person as a subscriber in re-
spect of any loan raised, or proposed to be
raised, by or on behalf of any foreign or
colonial government, state, company, or
corporation, — Id.
[If a person sign, grant, issue, or deliver
letter of allotment or Scrip Certificate
before the same shall be duly stamped,
to forfeit i;20. (30 and 31 Vict. c. 90,
§ 21.) The stamp appliable is the im-
pressed stamp, not adhesive.]
Settlement. — Any deed or instrument, whe-
ther voluntary or gratuitous, or upon any
consideration other than a bo7ia fide pecu-
niary consideration, whereby any definite
and certain principal sum or sums of
money, or any definite and certain shares
in any stocks or funds, shall be settled or
agreed to be settled upon or for the bene-
fit of any person or persons, either in pos-
session or reversion, either absolutely, or
for life or other partial interest, or in any
other manner whatsoever, — if such sum or
sums, or the value of such share or shares,
together, shall not exceed in the whole
^100,— 5s.
And if the same shall exceed £100, then
for every £100, and fractional part of
£100,— 5s.
Bonds, debentures, pohcies of insurance,
covenants, or contracts settled, or agreed
to be settled, shall be deemed to be
settlements of the principal sums of
money in them. But in the case of
policies of insurance, if no provision for
keeping them up, the duty shall be
charged only on the value of such poli-
cies. (27 Vict. c. 18, § 12.)
As to the mode of ascertaining the value
of the foreign and colonial stocks, funds, '
and securities, and sums in foreign and
colonial currency, see ib. § 13.
All such deeds which contain any settle-
ment of lands or other property, or- any
other thing besides the settlement of
such money or stock, shall be chargeable
with such further duty as any separate
deed containing such settlement of lands
or other property, or other thing, would
have been chargeable with, exclusive of
the progressive duty.
And where there is more than one such
deed chargeable with any such duty ex-
ceeding £1, 15s., one of them only shall
be charged with the ad valorem duty ;
and also where any settlement shall be
made in pursuance of any previous
articles chargeable with, and which shall
have paid any such duty exceeding £1,
15s., it is not chargeable with the ad
valorem duty ; and the deeds not charge-
able with the ad valorem duty shall be
charged with the duty to which they are
liable under any more general descrip-
tion in the stamp schedules ; and on the
whole being produced duly executed and
stamped, the latter shall also be stamped
with a particular stamp for denoting the
payment of the said ad valorem duty.
Exem,ption from this ad valorem duty. —
Wills, testaments, and testamentary in-
struments, and dispositions mortis causa.
Share Warrants to bearers under the Com-
panies (1862) Amendment Act, (30 & 31
Vict. c. 131,) three times the ad valorem
conveyance on sale duty on the nominal
value of the stock, {ib. § 333.)
Transfer of shares in the stock and funds
of any corporation, company, or society, (not
the Bank of England, Bank of Ireland,
South Sea Company, or East India Com-
pany,) upon sale or mortgage. See Con-
veyance, Mortgage.
Transfer of such shares not otherwise
charged under mortgage or conveyance
upon sale, — £1, 10s.
Transfers of debenture stock of any com-
pany. For ever}!- £100, and any fractional
part of £100,— 2s. 6d. ' (31 & 32 Vict. c.
124, § 24.)