1913 — Page 18

(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 bonâ fide pecuniary consideration, whereby any definite and certain principal sum of money (whether charged or chargeable on lauds or not, or to be laid out in the purchase of lands or not) or any definite and cortain 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 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 precious settlement stumped 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 executed 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, have been, aud 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 hear any stamp duty under 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.

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

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

52. Share Warrant to bearer,

GENERAL EXEMPTIONS,

$3.

See Affidavits 2.

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

10 cents for every $100 or

part thereof.

$2.

30 cents for every $100 or

part thereof.

(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. 8 of 1905) vr any rules or regulations mude 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 subjret to the New Territories Land Ordinance, 1905, in so far as the value of such land itself is concerned but not further, Order-in-Connoil—31st July, 1905.

Any Document made or executed by or on behalf of His Majesty or of any Department of His Majesty's Service, or whereby any property or interest is trang- ferred to or any contract of any kind whatsoever is made with His Majesty or any person for or on behalf of His Majesty or any such Department 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 sule 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 moncy.

SECOND SCHEDULE.—( See Section 8 of Ordinanca 16 of 1901.) Showing documents which may be stamped, without payment of penulty at any time within arven 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, 30, 31, 32, 38, 34, 35, 37, 38, 39, 40, 42, 44, 46, 47, 48 and 50 of the First Schedule to this Ordinance, with the following ræception 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.