APPENDIX A 
301 
A transfer made in liquidation of a debt or in exchange 
for other Securities attracts ad valorem Duty. 
Transfers executed under seal, by way of Mortgage, of 
any Stock, Shares or Marketable Security, are chargeable, 
(f the loan be disclosed in the Instrument of Transfer, ac- 
cording to the scale set forth under the head ‘Bonds and 
Debentures.” If the loan be not disclosed in the Transfer, 
and the transaction is disclosed by a further instrument, the 
further instrument, if under hand only, is chargeable with 
the duty of 6d. or if under seal is chargeable according to 
the said scale, and in either case the Transfer is chargeable 
with a duty of 10s. 
£ s. d. 
TRANSFER of any other kind .. .. fixedduty o 10 o© 
Included under this head are: — 
a) Transfers vesting the property in trustees on the ap- 
g property p 
pointment of a new trustee of a pre-existing trust, or on 
the retirement of a trustee. 
b) 
Transfers for a nominal consideration to a mere nominee 
of the transferor where no beneficial interest in the 
property passes. 
Transfers by way of security for a loan or re-transfe: 
the original transferor on repayment of a loan. 
Transfer to a residuary legatee of stock, &c., formi- 
part of the residue divisible under a will. 
I'ransfers to a beneficiary under a will of a specific lega - 
of stock, &c. 
Transfers of stock, &c., forming part of an intestate 
estate, to the person entitled to it. 
Transfers to a beneficiary under a settlement, on dis- 
tribution of the trust funds, of stock, &c., forming the 
share or part of the share of those funds to which the 
beneficiary is entitled in accordance with the terms of 
the settlement. 
< 
d) 
e) 
f) 
"oy 
&; 
Transfers by executors in discharge, or partial discharge, 
of a pecuniary legacy are chargeable with ad valorem duty 
on the amount of the legacy so discharged. 
In every case of a transfer for a nominal consideration, it 
will be necessary for the Registering Officer to be furnished 
with information as to the facts of the transaction. In the 
case of a transfer falling within category (b) or (c) above, 
a certificate should be required, setting forth the facts of 
the transaction, signed by (1) both transferor and transferee, 
or (2) a member of a Stock Exchange or a solicitor acting