Directory_and_Chronicle_1924 — Page 498

444

No. of Heading.

38

Settlement.

39

.40

LIST OF HONGKONG STAMP DUTIES

Instrument.

Duty.

Nature of Stamp.

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

30 cents for Overem- 7 days after

every $100 bossed.

or part

thereof of

the amount or value of

the pro- perty set- tled or agrced to be settled.

execution.

Person liable for

stamping, where stamping

is compulsory.

All persons executing.

Settlement executed in pursu- ance of a duly stamped agree- ment for a settlement.

Shares.

(1) Transfer of.

Exemptions.

(a) Transfers of shares on share registers which are not required by law to be kept within the Colony.

(b) Transfers of share war-

rants to bearer.

(2) Transfer for a nominal amount, in the discretion of the Collector.

(3) Share Warrant to Bearer,

issued in the Colony.

(4) Share Contract Note, on

every bought note and every sold note.

.:

$3.

20 cents for every $100 or part thereof of the value of the shares on the date of stamping.

$2.

$1 for

every $100 or part

thereof of the nomin- al value of the share. When the value does not exceed

35

14

""

Before ex- ecution.

The trans-

feror and

"

>>

the trans- feree.

Before issue. The

""

com

pany issu-

ing.

Before de- livery by

The broker.

the

bro-

$1,000: $1.

ker.

When it ex-

cceds $1,000

but does

not exceed $10,000: $3. When it ex- ceeds $10,000 but does not exceed $20,000: $5. When it ex- ceeds $20,000 but does not exceed

$50,000: $7. When it

exceeds $50,000: $10.