all Bills of Exchange payable on demand paid a Stamp duty of 2 cents; under the new Ordinance only Bills of Exchange drawn out of the Colony and payable on demand within the Colony will pay that duty. All other Bills of Exchange are subjected to a Stamp duty according to the Scale now provided.
Foreign Attachment Bonds are to pay a duty of $1 for every $100 or part of $100 whatever be the amount thereof, instead of $1 for every $100 or part thereof up to $1000, and $10 if exceeding $1,000.
The duty on Servant security Bonds has been made the same as on mortgage, whereas formerly these documents paid a fixed duty of $10 if the amount secured exceeded $10,000.
On transfer of shares the duty is to be computed on the market value of the shares on the day of stamping, instead of on the consideration as entered by the parties. And on transfer of shares for a nominal amount a duty of $1 has been provided.
(Signed) Edwd J. Ackroyd,
Acting Governor.
No. 174
Date.
HongKong
No. 12274
(Subject.)
1886
Previous Paper.
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Ord. conf. 104. 16 July
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