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STAMPS.

The stamp duties at present payable on inland bills, cheques, and promissory notes, by virtue of "The Stamp Act, 1870," are as follows:

8. d.

0 1

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 what-

soever (except a bank note), and
promissory note of any kind whatsoever
(except a bank note) drawn, or ex-
pressed to be payable, or actually
paid, or endorsed, or in any manner

negociated in the United Kingdom Where the amount or value of the money

for which the bill is drawn or made

does not exceed Exceeds £5 and does not exceed 10 10

25 25

50 50

75 75

100 For every £100, and also for every frac

tional part of £100, of such amount
or value.

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Bank note

8. d. For money not exceeding

£1

0 5 Exceeding £1 and not exceeding 2

0 10 2

5

1 3 5

10

1 9 10

20

2 0 20

30

3 0 30

50

5 0 50

100

8 6 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.

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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 pay. ment 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 nu

merals for the sections of the chapters. B. and n. stand for

bill and noterespectively. Acceptance of B., what it is, i, i

refused, B. indorsed after, iv, 15
may be by mere signature, vi, 1
general, vi, 2
qualified, vi, 3
partial, vi, 3, 8
qualified as to time, vi, 3
qualified, effect of taking, vi, 4
qualified, holder may refuse, vi, 4
to pay not in money, vi, 3
local, vi, 3
partial, vi, 3
on incomplete draft, vi, 5
after dishonor, vi, 5
of B. payable "after sight,” vi, 5
ou blank stamp, vi, 5
incomplete without delivery, vi, 7, &c.
by other than drawee, vi, 8
suprà protest, vi, 8
by referee in case of need, vi, 8
by one partner instead of firni, vi, 8
for bonor, object of, vi, 9
of B. drawn by procuration, vi, 10
of B. drawn by stranger, vi, 10
who may give, vi, 12.
liabilities involved by, rii, 2
of B. drawn in fictitious name, vi, 10
presentment for, viii
by executor of drawee, viii, 2
time allowed for, to drawee, viii, 4
joint by principal and surety, xiii, 9
date of, omitted, xx, 23

See Presentment, Appendix
Acceptances, classification of, vi, 2

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Acceptor, what he is, i, 1

primarily liable, i, 4
for accommodation, iii, 8
his defences against drawer, iii, 10
his defences against indorsee, iii, 10
bankrupt before maturity, vi, 8
suprà protest, vi, 8, 9
liabilities of, vii, 2
generally not entitled to presentment for payment,

ix, 3
when entitled to presentment for payment, ix, 10
paying accommodation bill, x, 9
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, 8 judgment against one, xii, ? Accommodation B. nature of, iii, 1

B. and n., object of, iii, 2
B. indorsed for value, iii, 2
B. who may sue and be sued on, iii, 2
B. want of consideration for, iii, 2
party paying B., iii, 2
B. paid by partly accommodated, iv, 18
B. discharge of, x, 9

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 1., limitation of, xviii, 1 notice of dishonor before, xxi, 1 under 18 and 19 Vict, c. 67, xxi, 2

upon lost B or n., xxi, 3
Actions on bills, cheques, and notes, xxi
Adhesive stamp, cancellation of, xxii, 14
“ After sight," see Acceptance
Agency in general, ii, 6

general and limited, ii, 89
presumption of, ii, 10
presumed continuance of, ii, 11
presumptive, ii, 17

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
to bet paying losses, iii, 9
B. dishonored in hands of, xiv, 8

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Agent, authority of, xx, 30

liability of, xx, 31

indorsement by, iv, 6 Agreement independent of B., defence on, iii, 10

not to hold indorser liable, iv, 6 Alteration of bills and notes, XV

appearing on face of B. or n., xv, 5, 6
of amount of B. or n., XV, 6

what is a material, xv,
Amount, words and figures of, differing, xx, 10
Appropriation of payments, xi
Authority to indorse, ii, 17

to fill up blanks, xx, 27

see Agency Bank holidays, ix, 12, and see Appendix

note a promissory note, i, 2
Banker paying on forged indorsement, x, 5

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

of drawee before acceptance, viii, 2

set-off in, xix, 8 Bets, iii, 9 Bill of exchange, what, i, 1 » how payable, i, 3

payable after date, i, 3

payable after sight, i, 3
» payable at sight or on demand, i, 3; ix, 11; xx, 21

needing no indorsement, i, 3
payable to order, i, 3; xx, 19
to order become payable to bearer, i, 3
payable to bearer, i, 3; iv, ll; xx, 19
consideration for, presumed, iji, 1
become payable to bearer, iv, 3
at what time transferable, iv, 4
given to agent to discount, ii, 13
held by agent, ii

, 13
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
transferred for pre-existing debt, iv, 11
transferred over-due, iv, 11

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