Directory_and_Chronicle_1922 — Page 459

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LO

9

No. of Heading.

Bank Note.

LIST OF HONGKONG STAMP DUTIES

Duty.

Nature of Stamp.

Point of time before which, or period within which, the instrument must be stamped.

405

Person liable

for stamping, where stamping

is

compulsory.

Instrument.

1% per an.

num on

the aver-

age value of bank notes in circula- tion, to be paid mon-

thly

by

the bank-

er to the Collector.

Circular Notes,

Bill of Exchange (including

Cheques,

Letters of Credit, and "Tra- veller's Cheques "), and Pro-

missory Note.

(1) Bill of Exchange payable 10 cents.

within the Colony on demand

or at sight or on presentation (except a cheque).

(2) Cheque.

Adhe-

sive.

Im-

""

pressed and dated.

(3) Circular Note, if issued within the Colony (on each separate note).

(4) Letter or Credit, if issued

within the Colony.

Exemption.

Letter of credit granted in the Colony, authorising drafts to be drawn out of the Colony payable in the Colony.

(5) "Traveller's Cheque", if issued within the Colony (on each separate

cheque" or note").

"

10 cents for Adhe-

every $500 or part thereof.

sive.

""

1. If drawn in the

Colony: before ex-

ecution.

2. If drawn out of the Colony: in accor- dance with sec- tion 18.

Before issue of the che-

que form by the banker to the cus- tomer.

See sections 17, 18 and

20.

The banker issuing the cheque

form.

Before issue. The person

issuing.

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