Directory_and_Chronicle_1924 — Page 489

10

No. of Heading.

Bank Note.

LIST OF HONGKONG STAMP DUTIES

Duty.

Nature of Stainp.

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

be stamped.

435

Person liable

for stamping, where stamping

is compulsory.

Instrument.

1° per an-

num on

the aver-

Bill of Exchange (including

Circular Notes,

Letters of Credit, and "Tra-

Cheques,

veller's Cheques"), and Pro-

missory Note.

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

by

er to the collector.

(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.

1. If drawn See sections

in the

Colony: before ex- ecution.

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

tion 18. Before issue

Im- pressed

of the che-

and dated.

que form

by the banker to

the cus- tomer.

17, 18 and

20.

The banker

issuing

the cheque form.

Before issue. The person

(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 " "note").

or

10 cents for every $500 or part thereof.

Adhe-

sive.

""

""

issuing.