STAMPS. The stamp duties at present payable on inland bills, cheques, and promissory notes, by virtue of "The Stamp Act, 1870," are as follows: Bill of exchange, draft, order, cheque, letter of credit, and any document or . writing (except a bank note) entitling or purporting to entitle any person, whether named therein or not, to payment by any other of, or to draw upon any other person for, any sum of money therein mentioned, payable on demand Bill of exchange of any other kind whatsoever (except a bank note), and promissory note of any kind whatsoever (except a bank note) drawn, or expressed to be payable, or actually paid, or endorsed, or in any manner negociated in the United KingdomWhere the amount or value of the money for which the bill is drawn or made does not exceed s. d. 0 1 £5 0 1 1 0 For every £100, and also for every fractional part of £100, of such amount or value. . 1 0 These notes can only be issued by licensed bankers, who may re-issue them after payment as often as they please. These duties do not apply to Bank of England notes. See Schedule to Act of 1870. THE FOLLOWING ARE EXEMPT FROM STAMP DUTY. Drafts or orders drawn by any banker in the United Kingdom upon another banker in the United Kingdom not payable to bearer or to order, and used solely for settling accounts between them. Letter written by one such banker to another, such banker directing the payment of a sum of money, but not delivered to the person to whom payment is to be made, or to any one on his behalf, and not payable to bearer or to order. Letter of credit granted in the United Kingdom authorising drafts to be drawn out of the United Kingdom payable in the United Kingdom. Bank of England notes; orders of the AccountantGeneral of the Court of Chancery in England or Ireland; warrants for payment of annuities granted by the Commissioners for the Reduction of the National Debt, or for any dividend or interest on Parliamentary Stocks or Funds; bills by the Lords of the Admiralty on the Accountant-General of the Navy; bills drawn for payment of Army pay or allowances from any public account; coupons attached to any security. INDEX. The Roman numerals stand for the chapters, and the Arabic numerals for the sections of the chapters. B. and n. stand for "bill" and "note" respectively. Acceptance of B., what it is, i, 1 وو refused, B. indorsed after, iv, 15 qualified, vi, 3 partial, vi, 3, 8 qualified as to time, vi, 3 partial, vi, 3 on incomplete draft, vi, 5 of B. payable "after sight," vi, 5 incomplete without delivery, vi, 7, &c. suprà protest, vi, 8 by referee in case of need, vi, 8 by one partner instead of firmi, vi, 8 of B. drawn by procuration, vi, 10 liabilities involved by, vii, 2 of B. drawn in fictitious name, vi, 10 by executor of drawee, viii, 2 time allowed for, to drawee, viii, 4 See Presentment, Appendix Acceptances, classification of, vi, 2 وو primarily liable, i, 4 his defences against drawer, iii, 10 liabilities of, vii, 2 generally not entitled to presentment for payment, when entitled to presentment for payment, ix, 10 becoming holder after maturity, xii, 2 taking B. by indorsement, xii, 6 effect of discharge of, xii, 7, xiii, 3 for honor, discharge of, xiii, 11 for honor, a surety, xiii, 11 for honor, conditions of suing, xiii, 11 Acceptors, if more than one, accepting jointly, xx, 2 judgment against one, xii, 7 Accommodation B. nature of, iii, 1 رو B. and n., object of, iii, 2 B. who may sue and be sued on, iii, B. paid by partly accommodated, iv, 18 B., notice of dishonor of, xiii, 18 Acknowledgment to stop, Statute of Limitations, xviii, 7, 8, 10 Action, transfer of B. after, iv, 18 on B and n., limitation of, xviii, 1 Actions on bills, cheques, and notes, xxi general and limited, ii, 89 presumption of, ii, 10 presumed continuance of, ii, 11 under actual authority, ii, 7 Agent, how he should sign, ii, 12; xx, 30 delegation of authority by, ii, 12 B. or n. held by, ii, 13 action on B. or n. by, ii, 13 liability of, xx, 31 Agreement independent of B., defence on, iii, 10 not to hold indorser liable, iv, 6 Alteration of bills and notes, xv وو appearing on face of B. or n., xv, 5, 6 what is a material, xv, 4 Amount, words and figures of, differing, xx, 10 to fill up blanks, xx, 27 Bank holidays, ix, 12, and see Appendix note a promissory note, i, 2 Banker paying on forged indorsement, x, 5 وو paying forged cheque, xxii, 8 receiving payment of crossed cheque in good faith, xxii, 13 Banker's cheque a B. payable on demand, i, 3 obligation to honor cheque, xxii, 3 obligation to honor, how ended, xxii, 3 Bankrupt securing former debt by B., iii, 6 giving B. for forbearance, iii, 9 Bankruptcy of acceptor before maturity, vi, 8 payable after sight, i, 3 ,, payable at sight or on demand, i, 3; ix, 11; xx, 21 وو needing no indorsement, i, 3 payable to order, i, 3; xx, 19 to order become payable to bearer, i, 3 for accommodation, iii, 1 obtained by fraud, iii, 1 exchanged for another bill, iv, 11 ,, exchanged for goods, iv, 11 paid for goods without being indorsed, iv, 11 |