(A 16)
SPECIFICATION OF TAXES, DUTIES, &c.
Act of Colonial Legislature or other Authority under which levied.
STAMP DUTIES,—Continued,
47. Settlement.—Any instrument, whether volun- tary or upon any good or valuable consideration, other than a bona fide pecuniary consideration, whereby any definite and certain principal sum of money (whether charged or chargeable on lands or not, or to be laid out in the purchase of lands or not) or any definite aud certain amount of stock, or any security, is settled or agreed to be settled in any manner whatsoever,
80 cents for every $100 or part thereof of the amount or value of the property settled or agreed to be settled.
Exemption.-Instrument of appointment relating to any property in favour of persons especially named or described as the objects of a power of appoint- ment created by a previous settlement stamped with ad valorem duty in re- spect of the same property, or by will, where probate duty has been paid in respect of the same property as personal estate of the testator.
48. Settlement execnted in pursuance of a duly stamped agreement for the same,
49. Statutory Declaration, Exemption. All Statutory Declarations which, since the fourth day of September, 1893, live been, and which shall, hereafter be made under or in pursuance of Form No. 3 in the Schedule to the Statutory Declarations Or- dinance, 1893, are hereby exempted from liability to bear any stamp duty under any Ordinance for the time being in force in the Colony of Hougkong. Order-in-Council
-3rd November, 1904.
50. Transfer of Shares, or Stock in any Public Company to be computed on the market value of such shares on the day of stamping, which, if doubt arises, the Collector shall decide subject to Section 10 of this Ordinance.
(i.) Transfer for a nominal amount, to be approved by the Collector,
Share Warrants to bearer three times the amount in Article 50 above. (The nominal value of the warrants is taken.) Ordinance 1 of 1865 section 51.
51. Share Warrant to bearer,
$8.
See Affidavits, 2.
10 cents for every $100 or
purt thereof.
$2.
30 cents for every $100 or
part thereof.
GENERAL EXEMPTIONS,
(1.) Any document relating to land in the New Territories executed in pursuance of the provisions of the New Territories Land Ordinance, 1905, (Ordinance No. 3 of 1905) or any rules or regulations made thereunder.
(2.) Any grant of Probate or Letters of Administration in respect of the estate of any
deceased person which estate at the death of such person comprises land subject to the New Territories Land Ordinance, 1905, in so for as the value of such land itself is concerned but not further. Order-in-Council 31st July, 1905.
Any Document made or cxecuted by or on behalf of His Majesty or of any Department of His Majesty's Service, or whereby any property or interest is trans- ferred to or any contract of any kind whatsoever is made with His Majesty or any person fur or on behalf of His Majesty or any such Department as aforesaid.
But this exemption does not extend to any document exccuted by the Registrar of the Supreme Court as Official Administrator or by a Receiver appointed by any Court, or to any Document rendered necessary by any Ordinance or by the order of any Court; neither does it extend to a sale made for the recovery of an arrear of Revenue or Rent, or in satisfaction of a Decree or Order of Court, in any of which cases the purchaser shall be required to pay the amount of the requisite Stamp in addition to the purchase money.
SECOND SCHEDULE. (See Section 8 of Ordinance 16 of 1901.) Showing documents which may be stamped, without payment of penalty at any time within seven days from the date of execution.
All the documents which are included in Articles 4, 5, 7, 8, 10, 15, 19, 20, 21, 22, 24, 25, 26, 28, 80, 31, 32, 33, 34, 35, 37, 38, 39, 40, 42, 44, 46, 47, 48 and 50 of the First Schedule to this Ordinance, with the following exception namely:—Leases or Agreements for a Lease for a period of one year or under,
Stamp Ordinances, Nos. 16 of 1901 and 35 of 1911.