(No.2.)

ARRANGEMENT OF CLAUSES.

Preamble recites 55 G. 3. c. 184., 3 G. 4. c. 117., 5 & 6 Vict. c. 82., 8 & 9 Vict. c. 2., and 11 & 12 Vict. c. 9.

Repealing certain Stamp Duties and granting others in lieu thereof specified in the Schedule annexed; Sect. 1.

The Duties hereby granted to be denominated Stamp Duties, and to be under the Care of Inland Revenue Commissioners; Powers, &c. of former Acts to be in force with regard to the Duties hereby granted; 2.

Not to extend to charge with Duty Instruments now exempt; 3. Duties imposed by 5 & 6 Vict. c. 82. and 9 & 10 Vict. c. 112. on certain Leases in Ireland repealed; 4.

Repealing the Stamp Duties on Bargains and Sales, and also the Provisions of 4 & 5 Vict. c. 21. and 8 & 9 Vict. c. 106. which impose a certain additional Stamp Duty upon Deeds or Instruments taking effect thereunder; so much of said Two Acts as is recited repealed; 5.

Additional Duty on a Conveyance by Feoffment or Bargain and Sale enrolled, repealed; 6.

Any Person receiving Monies for Stamp Duties and misappropriating the same to be liable for the Amount, and the Court of Exchequer empowered to enforce Payment thereof; 7.

For removing Doubts as to the Duties upon Transfers of Mortgages; 8.

Altering the Terms and Conditions on which Deeds, &c. may be stamped after the signing thereof; Inland Revenue Commissioners authorized in certain Cases to remit the Penalty on account of any Deed not being stamped previously to being signed, &c.; not to extend to Deeds for the stamping of which after the signing thereof special Provision is made, or to Cases where the stamping is by Law prohibited; 9.

Commissioners may stamp Instruments executed abroad, without any Penalty, on their being brought for that Purpose within Two Months after their Arrival in the United Kingdom; 10.

For removing Doubts as to the Sufficiency of Stamp Duty paid on Deeds; on Payment of a Fee of Ten Shillings, the Commissioners

353.

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sioners to assess the Duty to which any Deed is chargeable, and thereupon to impress such Deed with a Stamp signifying that the full Amount has been paid; 11.

Reciting 55 G. 3. c. 101., 6 & 7 W. 4. c. 28., and 1 & 2 Vict. c. 61. ; Fire Insurance Licences in Ireland to be permanent; Security to be given, by Persons to whom such Licences are granted, for Payment of Duties for Insurances from Fire; such Security to remain in force so long as the Party to whom the Licence is granted shall continue to insure; 12.

Construction of certain Terms used in this and in other Stamp Acts; 13.

Amendment, &c. of Act; 14.

SCHEDULES.

(No. 2.)

A

BILL

ΤΟ

Repeal certain Stamp Duties, and to grant others in lieu thereof; and to amend the Laws relating to the Stamp Duties.

[Note.-The Words printed in Italics are proposed to be inserted in the Committee.]

W

HEREAS by an Act passed in the Fifty-fifth Year of Pream the Reign of King George the Third, intituled "An 55G.3.c.18. "Act for repealing the Stamp Duties on Deeds, Law Proceedings, and other written or printed Instruments, and the 5"Duties on Fire Insurances, and on Legacies, and Successions to "Personal Estate upon Intestacies, now payable in Great Britain, "and for granting other Duties in lieu thereof," certain Stamp Duties specified and contained in a Schedule to the said Act annexed were granted and made payable in and throughout Great Britain, for 10 and in respect of the several Instruments, Matters, and Things described or mentioned in the said Schedule: And whereas by an Act passed in the Third Year of the Reign of King George the Fourth, intituled "An Act to reduce the Stamp Duties on Recon- 3G.4. c. 117. veyances of Mortgages and in certain other Cases, and to amend 15" an Act of the last Session of Parliament for removing Doubts as "to the Amount of certain Stamp Duties in Great Britain and "Ireland respectively," certain Stamp Duties therein mentioned or referred to were repealed, and in lieu thereof certain other Stamp Duties

353.

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c. 82.

8 & 9 Vict.

c. 2.

11 & 12 Vict.

c. 9.

ties on Instru

ments spe

Duties in the said last-recited Act specified were granted and made payable in and throughout Great Britain and Ireland respectively: And whereas by an Act passed in the Sixth Year of the Reign of 5 & 6 Vict. Her present Majesty, intituled "An Act to assimilate the Stamp "Duties in Great Britain and Ireland, and to make Regulations for 5 collecting and managing the same until the Tenth Day of October "One thousand eight hundred and forty-five," certain of the said Stamp Duties granted by the said first-recited Act were extended to and made payable in Ireland; and under and by virtue of the said Three several Acts, and also of Two other Acts passed respec- 10 tively in the Eighth and Eleventh Years of Her Majesty's Reign, for continuing the said last-recited Act, the said Stamp Duties are now payable in Great Britain and Ireland respectively: And whereas it is expedient to repeal certain of the said Stamp Duties, so far as the same relate to the several Instruments, Matters, and Things men- 15 tioned and described in the Schedule to this Act annexed, and to substitute in lieu thereof other Rates of Duties for and in respect of the same Instruments, Matters, and Things: Be it therefore enacted by the Queen's most Excellent Majesty, by and with the Advice and Consent of the Lords Spiritual and Temporal, and Commons, in this 20 present Parliament assembled, and by the Authority of the same, Stamp Du- That from and after the Fifth Day of July One thousand eight hundred and fifty the several Stamp Duties now payable in Great cified in the Britain and Ireland respectively, under or by virtue of the said several annexed Acts herein-before recited or referred to, or any of the said Acts 25 repealed, and respectively, or any other Act or Acts, for or in respect of the other Duties several Instruments, Matters, and Things described or mentioned in granted in lieu thereof. the said Schedule to this Act annexed, and whereon other Duties are by this Act granted and imposed, shall respectively cease and determine, and shall be and the same are hereby repealed, and in lieu 30 and instead thereof there shall be granted, raised, levied, collected, and paid in and throughout the United Kingdom of Great Britain and Ireland, unto and for the Use of Her Majesty, Her Heirs and Successors, for and in respect of the said several Instruments, Matters, and Things, or for or in respect of the Vellum, Parchment, 35 or Paper upon which the same respectively shall be written, the several Duties or Sums of Money set down in Figures against the same respectively, or otherwise specified and set forth in the said last-mentioned Schedule, and that the said last-mentioned Schedule, and the several Provisions, Regulations, and Directions therein con- 40 tained with respect to the said Duties, and the Instruments, Matters, and Things charged therewith, shall be deemed and taken to be Part of this Act, and shall be applied, observed, and put in execution accordingly: Provided always, that nothing herein contained shall extend to repeal or alter any of the said Duties now payable in 45 relation

Schedule