For every £100, and also for any fractional part of 0 1 0 Bill payable Note. The fact that a bill is payable with interest does not affect with interest. the stamp,' e.g., a note for £50 payable with interest at 5 per cent. requires only a 6d. stamp. Exemptions. Exemptions. (1.) Bill or note issued by the Bank of England or Bank of Ireland. (2.) Draft or order drawn by any banker in the United Kingdom upon any other banker in the United Kingdom, not payable to bearer or to order, and used solely for the purpose of settling or clearing any account between such bankers. (3.) Letter written by a banker in the United Kingdom to any other banker in the United Kingdom directing the payment of any sum of money, the same not being payable to bearer or to order, and such letter not being sent or delivered to the person to whom payment is to be made, or to any person on his behalf. (4.) Letter of credit granted in the United Kingdom authorizing drafts to be drawn out of the United Kingdom payable in the United Kingdom. (5.) Draft or order drawn by the Paymaster-General on (6.) Warrant or order for the payment of any annuity granted 1 Pruessing v. Ing (1821), 4 B. & Ald. 204. c. 39. (8.) Bill drawn (according to a form prescribed by her 54 & 55 Vict. Majesty's orders by any person duly authorized to draw the same) upon and payable out of any public account for any pay or allowance of the army or auxiliary forces, or for any other expenditure connected therewith. (9.) Draft or order drawn upon any banker in the United Kingdom by an officer of a public department of the State for the payment of money out of a public account. (10.) Bill drawn in the United Kingdom for the sole purpose of remitting money to be placed to any account of public revenue. (This exemption applies only to bills drawn for the sole purpose of remitting and placing to its proper account money which is already public money.') (11.) Coupon or warrant for interest attached to and issued with any security, or with an agreement or memoran- And see sections 32, 33, 34, 35, 36, 37, 38 and 39. Notarial Acts. Sec. 90.-The duty upon a notarial act and upon the protest by a notary public of a bill of exchange or promissory note may be denoted by an adhesive stamp, which is to be cancelled by the notary. 1s., the Where the duty on a bill or note does not exceed duty on the protest is the same as on the bill or note. In any other case the duty is 1s., and the duty on any notarial act other than a protest is 1s. See Sched. Receipts. Sec. 101.-(1.) For the purposes of this Act the expression "receipt" means and includes any note, memorandum, or writing whereby any money amounting to two pounds or up The Committee of London Clearing Bankers v. The Commissioners of Inland Revenue, (1896) 1 Q. B. 222, 542, C. A. c. 39. 54 & 55 Vict. wards, or any bill of exchange or promissory note for money amounting to two pounds or upwards, is acknowledged or expressed to have been received or deposited or paid, or whereby any debt or demand, or any part of a debt or demand, of the amount of two pounds or upwards, is acknowledged to have been settled, satisfied, or discharged, or which signifies or imports any such acknowledgment, and whether the same is or is not signed with the name of any person. [Act of 1870, s. 121.] Terms upon execution. Penalty for offences in reference to receipts. [Act of 1870, s. 123.] (2.) The duty upon a receipt may be denoted by an adhesive stamp, which is to be cancelled by the person by whom the receipt is given before he delivers it out of his hands. Sec. 102.-A receipt given without being stamped may be stamped with an impressed stamp upon the terms following, that is to say, (1.) Within fourteen days after it has been given, on payment of the duty and a penalty of five pounds; (2.) After fourteen days, but within one month, after it has been given, on payment of the duty and a penalty of ten pounds; and shall not in any other case be stamped with an impressed stamp. Sec. 103.-If any person— (1.) Gives a receipt liable to duty and not duly stamped; or (2.) In any case where a receipt would be liable to duty refuses to give a receipt duly stamped; or (3.) Upon a payment to the amount of two pounds or upwards gives a receipt for a sum not amounting to two pounds, or separates or divides the amount paid with intent to evade the duty; he shall incur a fine of ten pounds. RECEIPT given for, or upon the payment of, money amounting to two pounds or upwards, one penny. Exemptions. (1.) Receipt given for money deposited in any bank, or with any banker, to be accounted for and expressed to be received of the person to whom the same is to 54 & 55 Vict. be accounted for. (2.) Acknowledgment by any banker of the receipt of any bill of exchange or promissory note for the purpose of being presented for acceptance or payment. (3.) Receipt given for or upon the payment of any parliamentary taxes or duties, or of money to or for the use of her Majesty. (4.) Receipt given by an officer of a public department of the State for money paid by way of imprest or advance, (5.) Receipt given by any agent for money imprested to (6.) Receipt given by any officer, seaman, marine or soldier, or his representatives, for or on account of any wages, pay or pension, due from the Admiralty or Army Pay Office. (7.) Receipt given for any principal money or interest due on an exchequer bill. s. 9.] c. 39. (8.) Receipt written upon a bill of exchange or promissory note [Repealed duly stamped, or upon a bill drawn by any person under 58 Vict. c. 16, the authority of the Admiralty, upon and payable by the Accountant-General of the Navy. (9.) Receipt given upon any bill or note of the Bank of England or the Bank of Ireland. (10.) Receipt given for the consideration money for the purchase of any share in any of the Government or Parliamentary stocks or funds, or in the stocks and funds of the Secretary of State in Council of India, or of the Bank of England, or of the Bank of Ireland, or for any dividend paid on any share of the said stocks or funds respectively. (11.) Receipt indorsed or otherwise written upon or contained in any instrument liable to stamp duty, and duly stamped, acknowledging the receipt of the consideration money therein expressed, or the receipt of any principal money, interest, or annuity thereby secured or therein mentioned. |