PACKETS—STAMP ACT. 427

FOREIGN PACKETS.

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DUTIES IMPOSED BY THE STAMP ACT

On Promissory Notes, Bills of Exchange, Specialities, and other

Instruments of Writing.

On notes or instruments of one hundred dollars, and under, no stamp is required.

Over $100 to 200,10 cts. Over 1,500 to 2,000 $1 00 Over 5,000 to 7,000 $3.50

200 300.15 9,000 3.000 1.50 7,000 8.000 4.00

300 600,26 3,000 4,000 2.00 8,000 10,000 6.50

600 1,000.50 4,000 6,000 2.60 10,000 6.00

1,000 1,600,75

ABSTRACT OF THE PRINCIPAL PROVISIONS Or THE ACT.

Those who desire it can have printed blanks, paper, or other material stamped,
provided it is presented before the document has been executed.

Bills, Notes, &c., unstamped, are not evidences of debt.

Any instrument of writing not stamped, or with a stamp less than is required by
law, may be presented to any county clerk, and by making oath of no design to de-
fraud, and paying the stamp duty and ten dollars, will receive his endorsement,
which will render it valid.

Penons evading the law in any way are liable to a fine of $100, one half to the
informer, who is a competent witness.

Any person counterfeiting a stamp, or a county clerk's endorsement, or offering
any instrument, &c. thus counterfeited, for evidence or sale, is liable to & fine not
exceeding $1.000, and imprisonment for not more than seven years.

By a supplement to the above act, every mortgage, with or without a covenant
for the payment of the sum intended to be secured, if that sum be above one hun-
dred dollars, requires a stamp according to the above scale; unless the obligation
intended to be secured has the required stamp, and the statement thereof recorded
in the mortgage.

On every deed, release of mortgage, and tease, a stamp of $1; also on bills of sale,
where the amount conveyed exceeds two hundred dollars, a stamp of $1.

Where any doubt is entertained, it will be better to consult the law at length.
J. SWAN, Stamp Commissioner, Merchants' Bank.

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