1937_STAMP_ORDINANCE__1921 — Page 26

HK Historical Laws 香港歷史法例 All AI Reviewed

STAMP.

No. 8 of 1921.

1515

day of the date of the instrument, of the money in the currency foreign currency of the Colony according to the current demand rate of exchange.

(2) Where an instrument contains a statement of the rate of exchange and is stamped in accordance with that statement, it is, so far as regards the subject-matter of the statement, to be deemed to be duly stamped, unless or until it is shown that the statement is untrue and that the instrument is in fact insufficiently stamped.

(3) Notwithstanding anything contained in this section, it shall be lawful for the Governor in Council to prescribe by regulation the manner in which the duty is to be calculated or ascertained on any such instrument as is referred to in this section.

55 Vict. c. 39, s. 6.

[cf. 62 & 63 Vict. c. 9, s. 12.]

29.-(1) Where the consideration or any part of the consideration for a conveyance on sale consists of any shares or marketable securities, the conveyance is to be charged with ad valorem duty in respect of the value of the shares or securities on the day of the date of such conveyance.

(2) Where the consideration or any part of the consideration for a conveyance on sale consists of any security not being a marketable security, the conveyance is to be charged with ad valorem duty in respect of the amount due on the day of the date thereof for principal and interest upon the security.

54 & 55 Vict. c. 39, s. 55.

30. Where any property is conveyed to any person in consideration, wholly or in part, of any debt due to him, or subject either certainly or contingently to the payment or transfer of any money or shares, whether being or constituting a charge or incumbrance upon the property or not, the debt, money or shares are to be deemed the whole or part, as the case may be, of the consideration in respect whereof the conveyance is chargeable with ad valorem duty.

54 & 55 Vict. c. 39, s. 57.

31.-(1) Where property contracted to be sold for one consideration for the whole is conveyed to the purchaser in separate parts or parcels by different instruments, the consideration is to be apportioned in such manner as the parties think fit, so that a distinct consideration for each separate part or parcel is set forth in the conveyance relating thereto, and such conveyance is to be charged with ad valorem duty in respect of such distinct consideration.

54 & 55 Vict. c. 39, s. 58.

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STAMP. No. 8 of 1921. 1515 day of the date of the instrument, of the money in the currency foreign currency of the Colony according to the current demand rate of exchange. (2) Where an instrument contains a statement of the rate of exchange and is stamped in accordance with that statement, it is, so far as regards the subject-matter of the statement, to be deemed to be duly stamped, unless or until it is shown that the statement is untrue and that the instrument is in fact insufficiently stamped. (3) Notwithstanding anything contained in this section, it shall be lawful for the Governor in Council to prescribe by regulation the manner in which the duty is to be calculated or ascertained on any such instrument as is referred to in this section. 55 Vict. c. 39, s. 6. [cf. 62 & 63 Vict. c. 9, s. 12.] 29.-(1) Where the consideration or any part of the consideration for a conveyance on sale consists of any shares or marketable securities, the conveyance is to be charged with ad valorem duty in respect of the value of the shares or securities on the day of the date of such conveyance. (2) Where the consideration or any part of the consideration for a conveyance on sale consists of any security not being a marketable security, the conveyance is to be charged with ad valorem duty in respect of the amount due on the day of the date thereof for principal and interest upon the security. 54 & 55 Vict. c. 39, s. 55. 30. Where any property is conveyed to any person in consideration, wholly or in part, of any debt due to him, or subject either certainly or contingently to the payment or transfer of any money or shares, whether being or constituting a charge or incumbrance upon the property or not, the debt, money or shares are to be deemed the whole or part, as the case may be, of the consideration in respect whereof the conveyance is chargeable with ad valorem duty. 54 & 55 Vict. c. 39, s. 57. 31.-(1) Where property contracted to be sold for one consideration for the whole is conveyed to the purchaser in separate parts or parcels by different instruments, the consideration is to be apportioned in such manner as the parties think fit, so that a distinct consideration for each separate part or parcel is set forth in the conveyance relating thereto, and such conveyance is to be charged with ad valorem duty in respect of such distinct consideration. 54 & 55 Vict. c. 39, s. 58.

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1 STAMP. No. 8 of 1921. 1515 day of the date of the instrument, of the money in the currency foreign cur- of the Colony according to the current demand rate of exchange. (2) Where an instrument contains a statement of the rate of exchange and is stamped in accordance with that statement, it is, so far as regards the subject-matter of the statement, to be deemed to be duly stamped, unless or until it is shown that the statement is untrue and that the instrument is in fact insufficiently stamped. (3) Notwithstanding anything contained in this section, it shall be lawful for the Governor in Council to prescribe by regulation the manner in which the duty is to be calculated or ascertained on any such instrument as is referred to in this section. rency. 55 Vict. c. 39, s. 6. [cf. 62 & 63 Vict. c. 9, s. 12.] of ad 29.-(1) Where the consideration or any part of the con- Calculation sideration for a conveyance on sale consists of any shares or valorem duty marketable securities, the conveyance is to be charged with ad where the valorem duty in respect of the value of the shares or securities on the day of the date of such conveyance. consideration consists of shares or securities.. c. 39, s. 55.. (2) Where the consideration or any part of the considera- 54 & 55 Vict. tion for a conveyance on sale consists of any security not being a marketable security, the conveyance is to be charged with ad valorem duty in respect of the amount due on the day of the date thereof for principal and interest upon the security. Calculation of ad valorem duty where the is in 30. Where any property is conveyed to any person in con- sideration, wholly or in part, of any debt due to him, or subject either certainly or contingently to the payment or transfer of any money or shares, whether being or constituting a charge or conveyance incumbrance upon the property or not, the debt, money or shares consideration are to be deemed the whole or part, as the case may be, of the consideration in respect whereof the conveyance is chargeable with ad valorem duty. of a debt, charged. etc. to be 54 & 55 Vict. c. 39, s. 57. Conveyance duty in certain cases. 31.-(1) Where property contracted to be sold for one con- sideration for the whole is conveyed to the purchaser in separate parts or parcels by different instruments, the consideration is to 54 & 55 Viet. be apportioned in such manner as the parties think fit, so that c. 39, s. 58. a distinct.consideration for each separate part or parcel is set forth in the conveyance relating thereto, and such conveyance is to be charged with ad valorem duty in respect of such distinct consideration.

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STAMP.

No. 8 of 1921.

1515

day of the date of the instrument, of the money in the currency foreign cur- of the Colony according to the current demand rate of exchange.

rency.

55 Vict.

c. 39, s. 6.

[cf. 62 & 63 Vict. c. 9, s. 12.]

of ad

29.-(1) Where the consideration or any part of the con- Calculation sideration for a conveyance on sale consists of any shares or

valorem duty marketable securities, the conveyance is to be charged with ad where the valorem duty in respect of the value of the shares or securities on the day of the date of such conveyance.

consideration consists of shares or securities..

c. 39, s. 55..

(2) Where the consideration or any part of the considera- 54 & 55 Vict. tion for a conveyance on sale consists of any security not being a marketable security, the conveyance is to be charged with ad valorem duty in respect of the amount due on the day of the date thereof for principal and interest upon the security.

Calculation of ad

valorem duty

where the

is in

30. Where any property is conveyed to any person in con- sideration, wholly or in part, of any debt due to him, or subject either certainly or contingently to the payment or transfer of any money or shares, whether being or constituting a charge or conveyance incumbrance upon the property or not, the debt, money or shares consideration are to be deemed the whole or part, as the case may be, of the consideration in respect whereof the conveyance is chargeable with ad valorem duty.

of a debt, charged.

etc. to be

54 & 55 Vict. c. 39, s. 57.

Conveyance duty in

certain cases.

31.-(1) Where property contracted to be sold for one con- sideration for the whole is conveyed to the purchaser in separate parts or parcels by different instruments, the consideration is to 54 & 55 Viet. be apportioned in such manner as the parties think fit, so that c. 39, s. 58. a distinct.consideration for each separate part or parcel is set forth in the conveyance relating thereto, and such conveyance is to be charged with ad valorem duty in respect of such distinct consideration.

1937_STAMP_ORDINANCE__1921 — Page 26

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