ORDINA
No. 5 of 1868.
Stamp Duties.
4. For every deed, instrument, or writing which shall be executed from the time when this Ordinance shall come into force, and which shall be of any of the kinds specified as requiring stamps by the schedule annexed to this Ordinance, except as provided hereafter in section 5 of this Ordinance, there shall be payable to Government a stamp duty of the amount indicated in the said schedule to be proper for such deed, instrument, or writing. Whenever the word "schedule" occurs in any part of "The Stamp Ordinance, 1866," except section 6 thereof, it shall be read as having reference to the schedule annexed to this Ordinance.
5. The Governor in Council shall for twelve months after the commencement of this Ordinance, have power to declare by any order duly published in the Gazette that till further notice the stamps required by the schedule of "The Stamp Ordinance, 1866," shall be the stamps to be used for any deed, instrument, or writing specified in such order in lieu of the stamps required under the schedule to this Ordinance annexed.
6. This Ordinance may be cited for all purposes as "The Stamp (Amendment) Ordinance, 1868," and shall commence and take effect on such day as shall hereafter be fixed by proclamation under the hand of the Governor.
SCHEDULE.
Containing a specification of the deeds, instruments and writings which require to be stamped under this Ordinance, and of the proper stamps for such deeds, instruments and writings.
1. Agreement, or any minute or memorandum of an agreement not being under seal or of the nature of an obligation for the payment of money, and not specially charged with duty under this schedule, whether the same be only evidence of a contract or obligatory upon the parties, and brokers' notes or any document having reference to the sale or purchase of any merchandise, given by any broker.
NOTE.-If two or more letters are offered in evidence to prove an agreement between the parties who shall have written such letters, it will be sufficient if any one of such letters be stamped as an agreement.
EXEMPTION.
Label, slip or memorandum containing the heads of any fire or marine insurance to be effected.
Memorandum, letter or agreement made for or relating to the sale of any goods, wares or merchandise, or to the sale of any shares in any public company not being a broker's note or document given by a broker.
Seamen's advance note or memorandum or agreement made between the master and mariners of any ship for wages.
Emigration contract. Passage ticket.
2. Bank notes, or other obligations for the payment of money issued by any banker or banking company in the Colony for local circulation and payable to bearer on demand,
50 cents,
A stamp duty of two thirds per cent per annum per $100 of the average value of such notes in circulation. To be collected monthly on a statement thereof to be furnished by each banker or banking company to the Collector of Stamp Revenue, at the end of each month, and by the banker or the manager or agent and accountant of such banking company.
Stamp duty to be payable as in schedule.
Governor in Council may for twelve months declare schedule of Stamp Ordinance, 1866, to be in force.
Short title.
Commencement of Ordinance.