Directory_and_Chronicle_1925 — Page 489

I

10

No. of Heading.

Instrument.

LIST OF HONGKONG STAMP DUTIES

Duty.

Nature of

Stamp.

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

429

Person liable for stamping,

where stamping

is

compulsory.

Bank Note.

Bill of Exchange (including Cheques, Circular Notes,

Letters of Credit, and "Tra-

veller's Cheques"), and Pro- missory Note.

1% per annum on the average value of bank notes in cir- culation, to be paid monthly by the banker to the Collec. tor, provided that the duty to be paid by the banker in respect of $1 notes shall not exceed 10% per annum on two million dollars.

(1) Bill

of Exchange payable 10 cents.

Adhe-

within the Colony on demand

sive.

or at sight or on presentation

(except a cheque).

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

(2) Cheque.

5 cents.

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.

if

(5) "Traveller's Cheque",

issued within the Colony (on each separate cheque "note").

CC

"}

or

10 cents for every $500 or part thereof.

Adhe- sive

3

issuing.