10
No. of Heading.
.9
Bank Note.
Instrument.
LIST OF HONGKONG STAMP DUTIES
Duty.
Nature of Stamp.
Point of time before which, or period within which, the instrument must be stamped.
435
Person liable
for stamping,
where stamping
is
compulsory.
1% per annum on the average value of bank notes in cir. culation, to be paid monthly by the banker to the Collec- tor, provided that the duty to be paid by the banker in respect of $1 notes shall not exceed 12/0 per annum on two million dollars.
Bill of Exchange (including
Cheques,
Circular Notes,
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-
1. If drawn
sive.
in the Colony: before ex- ecution. 2. If drawn
out of the Colony: in accor- dance
with sec- tion 18. Before issue
(2) Cheque.
5 cents.
Im- pressed
of the che-
and dated.
que form by the banker to the cus- tomer.
See sections 17, 18 and
20.
The banker issuing the cheque
form.
(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.
if
(5) "Traveller's Cheque",
issued within the Colony (on each separate "note").
CC
cheque" or
10 cents for every $500 or part thereof.
Adhe-Before issue. The person
sive
issuing.
"