3% SECRETARIAL PRACTICE
XIII. Proxy oR POWER OF ATTORNEY. ]

For one meeting or an adjournment thereof ..

For receipt of dividend or interest on stock—
One payment only .. hp “ ..
[n any other case .. “s .. vs

For receipt of money or bill of exchange or pro-
missory note not exceeding £20, or any
periodical payment not exceeding annual
sum of £10 (not already charged) ..

For sale, transfer, or acceptance of Government
or Parliamentary stocks or funds where the
nominal value of the stocks or funds does not
exceed £100 .. us x “uw ..2s. 6d.

Any other kind whatsoever .. .. .. 10S.

55.

Exemption in the case of a winding up by the Court of a
company registered in England, or of a creditors’ voluntary
winding up thereof, a power of attorney relating solely to
the property of such company or to any proceeding under
such winding up [added by the Companies Act, 1929, s. 281].
XIV. RECEIPT.
For sums amounting to £2 and upwards .. 2d.

Notes.

1. Colonial and Foreign Companies.—All transfers of shares
executed in the United Kingdom are liable to Stamp Duty
[Wright v. Commissioners of Inland Revenue, 11 Exch. Rep. 48].

2. Stamping after Execution.—The instrument, unless it is
written upon duly stamped material, is to be duly stamped with
the proper ad valorem duty before the expiration of thirty days
after it is first executed, or after it has been first received in the
United Kingdom, in case it is first executed at any place out of
the United Kingdom.

In view of the risk of loss in transit of a stamped document, the
Board of Inland Revenue allow transfers and other documents first
executed in this country, and then sent to the Colonies or abroad
for completion and return, to be stamped on due proof to the
satisfaction of the Board’s Officer that they are presented for
stamping within thirty davs of their return to the United King-
dom .
3. Renewal of Bonds, &c.—Where Bonds, Debentures, or other
similar Securities maturing at a fixed date are renewed during the
currency thereof, the Memorandum or instrument of renewal is
chargeable, if under hand only, with the duty of sixpence, or if
under seal, with the duty of ten shillings, or with the duty of
sixpence for every f1oo of the amount secured. if such duty
would not amount to so much as ten shillings.