but actimatily ordinance 13 of 1894 was passed making certains alterations and substituting for the stamp scale
of the Ordinance 10 of 1886 the scale following
viz:.
141 Article M 29 Policy, etc.", by striking out the words and figures thereof,
by substituting the words and figures
And
following:
cach
Policies or Rich Voies (Insurance) for
aud every renewab,-
(a) life tourance (including
Interim Receipts),
(b) Marcine, Still Risks for
Fine.
le! All other insurances
1Fire', Marine or
Karuvine!
25ca4
for every $ipro or part thereof in...
aned.
Where the
augud is,
Aved doce not exceert
BLOOD
Where wecido
While Ordinance 13 of 1894 was under Ke consideration of the Government, it
ing gosted by the representatives of certain resurance Companies that it would be
better.
89
Ecter to charge a Liccuse Fee of poro per annume, requiring every company - doing berovires in the colony to pay such fee, and then to do altogether
dway
with stamp dunes on Policies, rather than to increase the stamp duty, which
had been payable since didinance so
1886 came into force.
It was also.
anggested that registration. and possibly the deposit of security might
fairly be
required from all hwurance Companies as a condition precedent to the
- grant of a Licence,
The letter
containing Kase suggestions
was forwarded to the secretary of State and in reply the Secretary of State in
a despatch dated 12th March 1895 stated
follows:
Its at present advised I' consider that "there is no
objection. to steps being then " by way of registration
or otherwise to
" secure the respectability of Insurance - " Companies carrying on business in
trong nong
Page 90Page 91