1911 — Page 17

( A 15)

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 thun 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 and certain amount of stock, or any security, is settled or agreed to be settled in any manner whatsoever,

30 cents for every $100 or part thereof of the amount or value of the property settled 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 stumped with ad valorem dutý în 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.

49. Settlement executed in pursuance of a duly stamped agreement for the sunie,

49. Statutory Declaration, Exemption,-All Statutory Declarations which, since the fourth day of September, 1893, have been, and which shall, hereafter be mundo uler or in pursuance of Form No. 3 in the Schedule to the Statutory Declarations Or- dinance, 1893, are hereby exempted from liability to hear any stamp duty uuder any Ordinance for the time being in force in the Colony of Hongkong. Order-in-Council

-3rd November, 1904.

50. Surrender of a Lease,

51. 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.

(ii) Transfer for a nominal amount, to be approved by the Collector,

Share Warrants to bearer three times the amount fu Article 51 above. (The nominal value of the warrants is taken.) Onlinance 1 of 1865 section 51.

52. Slure Warrant to bearer.

GENERAL EXEMPTIONS.

$3.

See Affidavits 2.

The same amount of duty as is payable on the Lease itself.

10 cents for every $100 or

part thereof,

$2.

30 cents for every $100 or

part thereof.

(L.) Any document relating to land in the New Territories executed in pursuance of the provisions of the New Territories Land Ordinance, 1905, ( Ordinance „No. 8 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 far as the value of such land itself is concerned but not further. Order-in-Council—31st July, 1905.

Any Document made or executed by or on behalf of His Majesty or of any Department of His Majesty's Servier, or whereby any property or interest is trans- ferred to or any contruct of any kind whatsoever is made with His Majesty' or any person for or on behalf of His Majesty or any such Deportment as aforesaid,

But this exemption does not extend to any document executed 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 Revenur or Kent, or is satisfaction of a Decree or Order of Court, in any of which eases 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 Artioles 4, 5, 7, 8, 10, 15, 18, 20, 21, 22, 24, 25, 20, 28, 30, 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, 1901–

1911.