10
No. of Heading.
-9
Bank Note.
LIST OF HONGKONG STAMP DUTIES
Duty,
Nature of
Stamp.
Point of time before which, or
period within which, the instrument must' be stamped.
421
Person liable
for
stamping,
where stamping
is
compulsory.
Instrument.
1% per an
num
on
the aver-
age value
of bank notes in circula-
tion, to be paid mon-
thly
by
the bank-
er to the
Collector.
Notes,
Bill of Exchange (including
Cheques,
Circular
Letters of Credit, and "Tra-
veller's Cheques"), and Pro-
missory Note.
(1) Bill of Exchange payable 10 cents.
within the Colony on demand
or at sight or on presentation (except a cheque).
Adhe-
sive.
1. If drawn in the Colony: before ex- ecution. 2. If drawn
out of the Colony: in accor- dance with sec-
See sections 17, 18 and
20.
(2) Cheque.
(3) Circular Note, if issued within the Colony (on each separate note).
(4) Letter or Credit, if issued
within the Colony.
Exemption.
Letter of credit granted in the Colony, authorising drafts to be drawn out of the Colony payable in the Colony.
(5) "Traveller's Cheque", if issued within the Colony (on each separate "cheque" or "note").
Im-
tion 18. Before issue
"}
pressed
of the che-
The banker issuing
and dated.
the cheque
form.
10 cents for | Adhe- every $500 sive.
or part thereof.
que form by the banker to the cus- tomer.
Before issue. The person
""
15
17
issuing.