Directory_and_Chronicle_1923 — Page 479

No. of Heading.

LIST OF HONGKONG STAMP DUTIES

Instrument.

Duty.

Nature of Stamp.

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

127

Person liable

for stamping, where stamping

is

compulsory.

30

(4) Transfer or assignment of any mortgage, bond, deben- ture, or covenant (except a marketable security), or of any money or stock secured by any such instrument, or by any warrant of attorney to enter up judgment, or by any judgment.

(5) Where any further money is added to the money already secured.

(6) Agreement for a mortgage.

any

(7) Re-conveyance, reassign- ment, release, discharge, sur- render, or renunciation of such security as aforesaid, or of the benefit thereof, or of the money thereby secured. (8) Certificate of satisfaction.

10 cts, for every $100 or part thereof of the principal sum secured.

20 cts, for every $100 or part thereof of the additional prin- cipal sum secur- ed

20 cts. for every $100 or part thereof of the principal Bum to be secured.

* see under

10 cts. for every $500 or part thereof of the principal sum secured.

(9) Mortgage executed in pur- $3.

suance of a duly stamped agreement for a mortgage.

Exemption.

Reassignment and mortgage made for the sole pur- pose of obtaining a new Crown lease: See section 34.

See also:

Letter of hypothecation.

Servant's security agreement.

Notarial Act of any kind what- $3.

soever (except a protest of a bill of exchange or promis-

sory note).

Exemption.

Notarial acts relating solely to transfers of shares on

share registers which are not required by law to be

kept within the Colony.

Overem- bossed

7 days after ex-

ecution.

All persons ex-

ecuting.

15

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The notary.

* Where the whole of the principal sum secured is released or discharged, 10 cents for every $500 or part thereof of the principal sum secured.

Where a portion of the principal sum secured is released or discharged, 10 cents for every $500 or part thereof of the amount actually released or discharged.

Provided that any portion of the principal sum not expressed in any prior instru- ment then to be released or discharged shall be deemed to be released by the final instru- ment of reconveyance, reassignment, release, discharge, surrender, or renunciation.