APPENDIX A 383
“
INLAND REVENUE CIRCULARS RELATING TO
STAMP DUTIES

[NLAND REVENUE,
SoMERSET HOUSE,
LoNDoN, W.C.2.
January, 1927.
The Board of Inland Revenue furnish the following information
regarding the Stamp Duties with which Secretaries, Registrars
and other Officers of Companies are most usually concerned.

Secretaries of Companies and others whose office it is to register
or enter any instrument chargeable with Stamp Duty are required
to see that such instrument is properly stamped before registra-
tion or entry. In any case of doubt the Commissioners of Inland
Revenue may be asked to adjudicate upon and assess the Duty
under the provisions contained in s. 12 of the Stamp Act, 1891,
and officers responsible for registering instruments should suggest
that applicants have recourse to this step when ever it appears
to be in any way desirable.

Any person, being the proper officer to enrol, register, or enter
in or upon any rolls, books, or records any instrument chargeable
with any Duty, who enrols, registers, or enters any such instru-
ment not being duly stamped, is liable to a fine of £10.

Persons executing instruments in which all the facts and circum-
stances affecting their liability to Duty, or the amount of such
Duty, are not fully stated, or who, being employed or concerned
in the preparation of any instrument, neglect to set forth such
facts and circumstances, are liable to a fine of £10.

The duties are required to be denoted bv impressed stamps,
except in the following cases: —

Foreign Bills

Agreements under hand (6:
Bill of Exchange on demar.
Charter Party (6d.) .
Fire, Accident, &c., Insuran-
Letters of Renunciation (1d
Protest of Bill of Exchan—
Proxies (1d.) .

Receipts (2d.)

Adhesive ‘Bill’ stamps
must be affixed and
cancelled before pay-
ment, endorsement
or negotiation.
ihesive postage
stamps may be used.
Such stamps must
Ye effectively can-
celled by the person
Airst executing the
instrument.

Stamps of other countries are not recognised except the stamps
of Northern Ireland and the Irish Free State. Instruments
executed and stamped in either of these countries are deemed to
pe duly stamped in this country provided the amount of the
stamp is not less than the amount chargeable on the instrument
in this country.