1950_STAMP_ORDINANCE — Page 40

Stamp.

Nature of Instrument.

13.(3) CIRCULAR NOTE, if issued within the Colony (on each separate note). May be an adhesive stamp.

13.(4) LETTER OF CREDIT, if issued within the Colony. May be an

adhesive stamp.

Exemption.

Letter of Credit granted in the Colony, authorizing drafts to be drawn out of the Colony payable in the Colony.

13.(5) TRAVELLERS CHEQUE, if issued within the Colony, on each separate cheque or note. May be an adhesive stamp.

13.(6) NATIONAL ECONOMY SAVINGS CERTIFICATES, whether transferable or not, issued in the Colony by the legal representa. tives of the Chinese Postal Remittance and Savings Banks being instruments within the definition of Bill of Exchange. May be an adhesive stamp.

Exemption.

Certificates issued before the 31st December, 1939.

13.(7) BILL OF EXCHANGE of any other kind whatsoever (except a bank note), if drawn, or expressed to be payable, or actually paid or indorsed, or in any manner negotiated, within the Colony. May be an adhesive stamp.

13.(8) PROMISSORY NOTE of any kind whatsoever (except a bank note), if drawn, or expressed to be payable, or actually paid, or indorsed, or in any manner negotiated, within the Colony. If made out of the Colony, may be an adhesive stamp.

See s. 19 as to bills in sets.

(a) Stamp Duty.

(b) Time for stamp-

ing.

(c) Persons liable.

(a) 15 cents for every

$500 thereof.

or part

(b) Before issue. (c) The person issu-

ing.

(a) 15 cents. (b) Before issue. (c) The person issu-

ing.

(a) 15 cents for every $500 or part thereof.

(b) If drawn in the Colony, before If

execution. drawn out of the Colony, in accord- ance with s. 22. (c) See sections 22

and 24.

(a) 15 cents for the

first $100 or part thereof and 10 cents for every subsequent $100 or part thereof. (b) If made in the Colony, before execution. If made out of the Colony, in accordance with s. 22. (c) See sections 22

and 24.

[CAP. 117

G.N. 1/40.

427

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