Directory_and_Chronicle_1926 — Page 487

10

No. of Heading.

.9

Bank Note.

Instrument.

LIST OF HONGKONG STAMP DUTIES

Duty.

Nature of Stamp.

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

435

Person liable

for stamping,

where stamping

is

compulsory.

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 12/0 per annum on two million dollars.

Bill of Exchange (including

Cheques,

Circular Notes,

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-

1. If drawn

sive.

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

out of the Colony: in accor- dance

with sec- tion 18. Before issue

(2) Cheque.

5 cents.

Im- pressed

of the che-

and dated.

que form by the banker to the cus- tomer.

See sections 17, 18 and

20.

The banker issuing the cheque

form.

(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 "note").

CC

cheque" or

10 cents for every $500 or part thereof.

Adhe-Before issue. The person

sive

issuing.

"