615475-1930-Supplementary-Bills-read-a-first-time--Crown-Lands-Resumption-Amendment-Entertainments-Tax-Piers-Amendment-Stamp-Amendment-The-Tung-Wah-Hospital-Revenue-Officers-Power-of-Arrest-Amendment — Page 15

Amendment

of Ordinance

No. 8 of 1921,

Schedule, Heading No. 36.

Amendment

968

9. Heading No. 36 in the Schedule to the Stamp Ordinance, 1921, is amended as follows :---

(1) in paragraph (a) of the second column by the deletion of the figure "10" and by the sub- stitution therefor of the figure "20".

(i) in the third column by the deletion of the figure "5" and by the substitution therefor of the figure "10".

10. Heading No. 41 in the Schedule to the Stamp of Ordinance Ordinance, 1921, is amended in the third column by the deletion of the figures 10" and "30" and by the substitution therefor of the figures 15" and "40" respectively.

No. 8 of 1921, Schedule, Heading No. 41.

Objects and Reasons.

1. This Ordinance makes a few changes in the Schedule to the Stamp Ordinance, 1921.

2. The Ordinance is to come into operation on the 1st January, 1931.

3. Section 3 (1) raises the duty on cheques from five

to ten cents.

4. Section 3 (2) permits the use of adhesive stamps to make up the difference in duty until the 1st March,

1931.

5. Sections 4 and 10 raise the duty in the case of Bills of lading and equivalent acknowledgment books from ten to fifteen cents, where the freight is under five dollars, and from thirty to forty cents where the freight is five dollars or more.

6. Section 5 raises the duty on compradore orders passed through a bank from five to ten cents.

7. Section 9 makes a like increase in the case of Receipts but exempts amounts not exceeding twenty dollars from Receipt Stamp duty. The previous limit was ten dollars.

8. Section 6 corrects a typographical error in the Heading relating to conveyances not specifically des- cribed.

9. Sections 7 and 8 bring the system of duty in the case of deeds of partition more closely into line with the system prevailing in England (where ad ralorem duty is charged on equality money in excess of £100). by making the duty $20 plus an ad valorem charge on the equality money.

As in England where the parti- tion is carried out by several instruments the principal deed will be so charged, the other deeds being stamped with the ordinary deed duty of $20 (see Encyclopaedia of Forms and Precedents Vol. 9, p. 423).

November, 1930.

C. G. ALABASTER,

Attorney General.

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