No. of Heading.
* 10.
Instrument.
Duty.
Nature of stamp.
Bill of exchange (including Cheques, Circular notes, Letters of credit, and "Traveller's cheques"), and Promissory note.
(1) Bill of exchange payable within the Colony on demand or at sight or on presentation (except a cheque).
10 cents.
Adhesive.
contd.]
[Schedule
2604
No. 8 of 1921.
Point of time before which, or period within which, the instrument must be stamped.
Person liable for stamping, where stamping is compulsory.
1. If drawn in the Colony before execution.
2. If drawn out of the Colony in accordance with section 18.
Before issue of the cheque form by the banker to the customer.
Before issue.
See sections 17, 18 and 20.
The banker issuing the cheque form.
The person issuing.
Impressed and dated.
(3) Circular note, if issued within the Colony (on each separate note).
10 cents for every $500 or part thereof.
Adhesive.
Before issue.
The person issuing.
(2) Cheque.
(4) Letter of credit, if issued within the Colony.
10 cents for every $500 or part thereof.
Adhesive.
Exemption.
Letter of credit granted in the Colony, authorising drafts to be drawn out of the Colony payable in the Colony.
STAMP.