Directory_and_Chronicle_1923 — Page 473

10

No. of Heading.

-9

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.

421

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.

Notes,

Bill of Exchange (including

Cheques,

Circular

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).

Adhe-

sive.

1. If drawn in the Colony: before ex- ecution. 2. If drawn

out of the Colony: in accor- dance with sec-

See sections 17, 18 and

20.

(2) Cheque.

(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").

Im-

tion 18. Before issue

"}

pressed

of the che-

The banker issuing

and dated.

the cheque

form.

10 cents for | Adhe- every $500 sive.

or part thereof.

que form by the banker to the cus- tomer.

Before issue. The person

""

15

17

issuing.