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(1676)
STAMP DUTIES
1656
Composition for stamp duty on transfers of
inscribed Canadian or Colonial Stocks, to which
Colonial Stock Act, 1877, applies, and stock of any
foreign state or Government inscribed in the books ot
the Bank of England, or of any British protectorate
or protected state to which the Colonial Stock Acts,
1877 and 1892, are made applicable, § 114, 57 and
58 Vict. c. 30, § 39, and 61 and 62 Vict. c.
10, § 5. — Government or colony shall compound
for stamp duty on transfers of any such stock by
paying Is. 3d. for every £10, and any fraction of
£10 of nominal amount of stock inscribed in name
of each holder at date of composition. And, in
addition, when period for redemption, &c, exceeds
60 but is under 100 years from that date, 3d. for each
£10 and fraction; when period exceeds 100 years, or
is indefinite, 6d. Transfers of stock compounded for
exempt.
Composition for stamp duty by County Councils,
Corporations, and Companies, § 115. — (1.) Any
County Council, corporation, or company, may enter
into agreement with Commissioners, if Commissioners
in their discretion think proper, for delivery of an
account showing nominal amount of stock and funded
debt, or amount paid up, and immediately thereafter
an account shall be delivered and a like account half-
yearly in each year. (2.) Agreement to specify officer
by whom accounts are to be delivered. (3.) There
shall be charged on aggregate amount in every half-
yearly account for every £100 and fraction thereof,
6d. Transfers of such stock and funded debt, and
share warrants or stock certificates relating thereto,
exempt. (4.) Duty not paid on delivery of account
to be a debt to His Majesty. (5.) In case of wilful
neglect to deliver account, or pay the duty, County
Council, &c, liable to pay 10 per cent, on duty, and
a like sum monthly after first month while neglect
continues- (6.) Where agreement entered into, County
Council, &c. , may, in addition to fee for registration,
require payment of an amount not exceeding amount
of duty payable if no agreement has been entered
into. Second Schedule, First Part. (1.) Account
to be in such form and contain such particulars as
Commissioners require. (2.) Every account to be a
full and true account of stock and funded debt ex-
isting at delivery of account, and of amount in respect
whereof payment has been made if whole sums in re-
spect thereof have not been paid. (3.) In case of
company or corporation formed within United King-
dom having register abroad, account not to include
stock or funded debt for time being registered abroad.
(4.) In case of colonial or foreign company or cor-
poration having register in United Kingdom, only
stock or funded debt registered therein to be entered
in account. (5.) When first half-yearly account de-
livered between two half-yearly days, duty to be
charged on proportion of period. (6.) Accounts to
be delivered to Commissioners within seven days
before 1st February and 1st August in each year.
(7.) Duty to be paid on delivery of account
Transfer of share registered in Colonial Register
under Companies (Colonial Registers) Act, 1883.
Such to be deemed transfer of property situated out
of United Kingdom, and, unless executed in United
Kingdom, to be exempt from British stamp duty. —
46 and 47 Vict. c. 30, § 3 (7) (a).
Contract or Agreement for sale, under certain
exceptions, liable to this duty.
Conveyance or Transfer by way of security of
any property (except such stock as aforesaid), or
of any security. See Mortgage, &c, and Mar-
ketable Security.
Conveyance or Transfer of any kind not herein-
before described, 10s.
Conveyance by trustees of residue of trust estate
in favour of beneficiaries — if containing transfers of
mortgages and bonds and other property, it will be
liable in respect of the transfer of mortgages and
bonds (not being marketable securities) to duty of 6d.
per cent., and in respect of the other property, 10s.
If separate transfers of bank and other stocks, these
will be liable to 10s. each. But see ante as to Trans-
fers of Bank of England Stock, &c, which are liable;
to special duties.
Copy or Extract (attested or in any manner
authenticated) of or from —
(1.) An instrument chargeable with any duty.
(2.) An original will, testament, or codicil.
(3.) The probate or probate copy of a will or codicil, j
(4.) Any letters of administration or any confir-
mation of a testament.
(5.) Any public register (except any register of
births, baptisms, marriages, deaths, or burials).
(6.) The books, rolls, or records of any court.
In the case of an instrument chargeable with any
duty not amounting to Is., the same duty as such
instrument. In any other case, - - - Is.
Exemptions. — (1.) Copy or extract of or from any
law proceedings.
(2.) Copy or extract of or from the commission
of any person as a delegate or representative to the
convention of royal burghs or the general assembly I
or any presbytery or church court.
Copy or Extract (certified) of or from any register
of births, baptisms, marriages, deaths, or burials, Id.
Exemptions. — (1.) Copy or extract furnished by
any clergyman, registrar, or other official person pur-
suant to and for the purposes of any Act, or furnished
to any general or superintending registrar under any
general regulation.
(2.) Copy or extract for which the person giving I
the same is not entitled to any fee or reward.
Cost Book Mines. See Transfer.
Counterpart. See Duplicate.
County, Corporation, or Company Stock, Sea
Composition.
Crown — Instruments relating to property of, liable
to same duty as instruments relating to property
of subject, § 5.
Debenture for securing the payment or repayment
of money or the transfer or retransfer of stock.
SeeMoRTGAGE,&c, and Marketable Security
Declaration of any use or trust of or concerning
any property by any writing, not being a will, or
an instrument chargeable with ad valorem duty as
a settlement, ----- 10s.
Declaration (Statutory). See Affidavit.
Decreet Arbitral. See Award.
Deed containing an obligation to infeft any person
in an annual rent or other heritable subjects under
a clause of reversion, as a security for money, or
whereby any real burden is declared or created on
lands or heritable subjects. See Mortgage.
Deed containing an obligation to infeft or seize in
an annuity to be Hplifted out of heritable subjects
in Scotland. See Bond, Covenant, &c.

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