STAMPING AND DENOTING OF DOCUMENTS REGULATIONS

STAMPING AND DENOTING OF DOCUMENTS REGULATIONS

2. In these regulations the princip al Ordinance means the Stamp
Ordinance and any amendment ' thereof for the time being in force and
any regulations made thereunder.

3. The principal Ordinance shall apply to instruments affecting land
in the New Territories, not being land in New Kowloon, with the
modifications appearing in regulation 4.

4. Whenever under the principal Ordinance stamp duty or excess
stamp duty is ascertainable by reference to the value of the
consideration (whether on sale or otherwise) then
(a)if such value does not exceed $2,000 no stamp duty or excess
stamp duty shall be chargeable;
(b)if such value exceeds $2,000 but does not exceed $5,000 no
excess stamp duty shall be chargeable but stamp duty shall
be chargeable at the rate of i per cent of such value;
(c.)if such value exceeds $5,000 but does not exceed 10,000
excess stamp duty shall not be chargeable but stamp duty
shall be chargeable in like manner as if the instrument affected
land situate elsewhere than in the New Territories.

STAMPING AND DENOTING OF DOCUMENTS
REGULATIONS.
(Cap. 117, section 4).
(Ordinance No. 8 of 1921).

[9th June, 1950.]

1. These regulations may be cited as the Stamping and Denoting of
Documents Regulations.

2. The denominations of adhesive revenue stamps are
as follows-




(a) 10 cents 4 dollars
15 5
20 Cents 6 dollars
25 10
30 20
40 25
50 40
75 50
1dollar 100
1 50 cents 200
2 dollars 500
3
(b) 15 cents Receipt Stamp. Receipt stamps shall be of smaller size
than other revenue stamps.

3. (1) Subject to the exemption contained in paragraph (2), the
methods of stamping documents chargeable with stamp duty shall be as
follows
(a) on presentation of the document at the Stamp Office, the
Collector shall cause to be affixed thereto an adhesive
revenue stamp denoting the amount of duty payable in
respect of such document and shall then cause a metal stamp,
denoting the date of stamping to be stamped on the document
in such a way that the impression of such metal stamp falls
partly upon such adhesive stamp and that such adhesive
stamp is cancelled by such stamping; or
(b) without affixing an adhesive revenue stamp as aforesaid,
cause the document to be franked with the amount of duty
payable in respect of such document together with the date of
franking; or
(c) without affixing an adhesive revenue stamp, or without
franking, as aforesaid, cause the document to be stamped with
a metal stamp bearing the date of stamping thereon and the
document shall also bear in writing as close to the impression
of such metal stamp as possible a statement of the amount of
the duty and the Collector's signature.
(2) adhesive revenue stamps for bills of exchange (over-printed with
the letters 'B. of E.'), for contract notes (over-printed with the words -
Contract Note') and for receipts shall be sold to the public by the
Collector as required.





4. (1) Adhesive revenue stamps over-printed with the letters 'B. of
E.' or over-printed with the words 'Contract Note' may be obtained on
requisition at the Stamp Office.
(2). Duty stamps for receipts shall be sold without overprinting.

5. (1) Adhesive revenue stamps for use on bills of exchange,
circular notes, letters of credit, travellers' cheques, exchange contract
cancellation notes, telegraphic transfer advices, promissory notes
drawn out of the Colony and on the instruments specified in head 53 of
the Schedule to the Ordinance shall be over-printed with the letters 'B.
of E.'
(2) Adhesive revenue stamps for use on bought and sold notes (in
respect Of the purchase or sale of shares) specified in head 52(1) of the
Schedule to the Ordinance, shall be over-printed with the words
'Contract Note.'

6. Bills of exchange, payable on demand, drawn within the Colony,
by persons who -are not bankers, on current accounts kept by such
persons with bankers outside the Colony shall be exempt from duty
unless actually paid or endorsed or in some manner negotiated within
the Colony,
and if so paid or endorsed or negotiated within the Colonyshall be
chargeable with a duty of is cents, to be paid before such payment,
endorsement or negotiation by means of adhesive revenue stamps.

7. A coupon for interest on a marketable security, as defined by
the Ordinance being one of a set of coupons, whether issued with the
security or subsequently issued in a sheet, shall not be chargeable with
any stamp duty.

CHAPTER 118.
(Ordinance No. 34 Of 1949)
COMPENSATION (SPECIAL CASES).
No subsidiary legislation
(Cap. 117.) G.N.A. 125/50. Citation. Denomina-tions of adhesive revenue stamps.
[r. 2 cont.] Methods of stamping. Exemptions.
Requisition for 'B. of E.' and 'Contract Note' stamps. Receipt stamps. Use of 'B or E.' and other stamps. (Cap. 117) Bills of exchange drawn on current account outside the Colony. Coupons for interest on marketable securities.

(Cap. 117.) G.N.A. 125/50. Citation. Denomina-tions of adhesive revenue stamps.
[r. 2 cont.] Methods of stamping. Exemptions.
Requisition for 'B. of E.' and 'Contract Note' stamps. Receipt stamps. Use of 'B or E.' and other stamps. (Cap. 117) Bills of exchange drawn on current account outside the Colony. Coupons for interest on marketable securities.

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