PROTEST of any bill of exchange or promissory note: Where the duty on the bill or note does not exceed 1s. In any other case, And see section 90. RECEIPT given for, or upon the payment of, money amounting to £2 or upwards, EXEMPTIONS. (2.) Acknowledgment by any banker of the (8.) Receipt written upon a bill of exchange or Repealed 58 Vict. c. 16, s. 9, infra. 58 Vict. c. 16. THE FINANCE ACT, 1895. The same duty as the bill or note. 0 1 0 0 0 1 receipts. 9.-(1.) Exemption numbered eight under the head "Re- Repeal of an exemption ceipt" in the First Schedule of the Stamp Act, 1891, is from stamp hereby repealed, and the duty shall be charged as if the duty on exemption had not been contained in that schedule: Provided that neither the name of a banker (whether accompanied by words of receipt or not) written in the ordinary course of his business as a banker upon a bill of exchange or promissory note duly stamped, nor the name of the payee written upon a draft or order shall constitute a receipt chargeable with stamp duty. 60 & 61 Vict. c. 24. THE FINANCE ACT, 1897. Explanation as 8. When under the power conferred by any Act, any to bills charged on local rate. county council or municipal corporation issue bills repayable not later than twelve months from their date, those bills shall, notwithstanding that by the same or any other Act they are charged or secured on any property, fund, or rate, and that the statutory charge is referred to in the bills, be treated for the purpose of the Stamp Act, 1891, and the Acts amending that Act, as promissory notes and not as marketable securities. Reduction of duty on certain bills of exchange. 62 & 63 Vict. c. 9. THE FINANCE ACT, 1899. 10. (1.) The duty payable under the Stamp Act, 1891, on bills of exchange drawn and expressed to be payable out of the United Kingdom, when actually paid or indorsed or in any manner negotiated in the United Kingdom, shall, where the amount of the money for which the bill is drawn exceeds fifty pounds, be reduced so as to be (a.) Where the amount exceeds fifty pounds and does not exceed one hundred pounds, sixpence and (b.) Where the amount exceeds one hundred pounds, sixpence for every one hundred pounds and also for any fractional part of one hundred pounds of that amount. (2.) The stamp duty chargeable under the Stamp Act, 1891, on bills of exchange expressed to be payable at a period not exceeding three days after date or sight shall be one penny in lieu of the duty now chargeable thereon; and accordingly the first heading, Bill of Exchange, in the schedule to that Act shall be read as if the words "or within three days after date or sight" were contained therein after the word "presentation." A BILL Intituled an Act to amend section eighty-two of the [Printed by order of the Bills of Exchange Act, 1882. House of Commons, 5th August 1903.] 45 and 46 Vict. 1. A banker receives payment of a crossed cheque for a Amendment of customer within the meaning of section eighty-two of the c. 61, s. 82. Bills of Exchange Act, 1882, notwithstanding that he credits his customer's account with the amount of the cheque before receiving payment thereof. 2. This Act may be cited as the Bills of Exchange (Crossed Short title. Cheques) Act, 1903, and this Act and the Bills of Exchange Act, 1882, may be cited together as the Bills of Exchange £100. VI. FORMS. INLAND BILL. EDINBURGH, 1904. One month after date pay to my order (or to E. F. or order, or to bearer) the sum of One hundred pounds sterling (value received). Six months after sight pay this first of exchange (second and third unpaid), to Messrs. E. F. & Co. or order, the sum of One hundred pounds sterling (value received) To Messrs. C. D., Merchants, Hamburg. A. B. £100. SYDNEY, 1904. At sight of this first of exchange (second and third unpaid), pay to Messrs. E. F. & Co. or order at the sum of One hundred pounds sterling, and place the same to account as per advice. To Messrs. C. D., Glasgow. A. B. £50. PROMISSORY NOTE. EDINBURGH, 1904. On demand I promise to pay to C. D. or order the sum of Fifty pounds (value received). £100. EDINBURGH, A. B. 1904. On demand we promise (or add jointly or jointly and severally) or I promise to pay to C. D., within the Head Office of the National Bank of Scotland, Limited, Edinburgh, the sum of One hundred pounds, with interest at the rate per centum per annum. of NOTICE OF DISHONOUR. A. B. To any Party. [Date and address.] To Sir, I beg to inform you that the bill under specified, and in which you are an obligant, has held by been dishonoured by non-payment [or non-acceptance] [add and protested if such be the case]. [Specify date, sum, and names of parties.] You are therefore requested to pay the said bill to with interest and charges thereon. at you under drawn by and payable at has been dishonoured by non-payment [or nonacceptance], and that you are held responsible therefor. 1 Annexed to the Bills of Exchange Bill, 1882. (Signed.) |