Page:Probate and Legacy Duties Act 1808 (ukpga 18080149 en).pdf/62

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1518
48° GEORGII III. Cap.149.
SCHEDULE, PART I Duty.
MORTGAGE—continued.   £ s. d.

And where the same respectively shall be made as a Security for the Paymentof a Sum of Money, and also for the Transfer or Re-transfer of a Share in any of the said Stocks or Funds, the said ad valorem Duty shall be charged in respect of each.

 

And in case the same respectively shall be made as a Security for the Payment or Transfer to different Persons of separate and distinct Sums of Money, or Shares in any of the said Stocks or Funds, the said ad valorem Duty shall be charged for and in respect of each separate and distinct Sum of Money, or Share in any of the said Stocks or Funds therein specified and secured, and not upon the aggregate Amount thereof.

 

And where any such Mortgage or Wadset, or other Instrument hereby charged with the same Dutyas a Mortgageor Wadset, together with any Schedule, Receipt, or other Matter put or indorsed thereon or annexed thereto, shall contain 2,160 Words or upwards, then for every entire Quantity of 1,080 Words contained therein, over and above the first 1,080 Words, a further progressive Duty of

  1 0 0

MORTGAGE, &c.-Any Transfer or Assignment, Disposition or Assignation of any Mortgage or Wadset, or of any such other Security as aforesaid, or of the Benefit thereof, and of the Money or Stock thereby secured, in all Cases where the Person entitled to the Right of Redemption or Reversion shall not be made a Party to such Transfer or Assignment, Disposition or Assignation, and also where the Person who originally made the Mortgage, Wadset, or other Security shall continue entitled to the Right of Redemption or Reversion, and shall be made a Party to such Transfer or Assignment, Disposition or Assignation, provided no further Sum of Money or Stock be added to the Principal Money or Stock already secured

  1 10 0

And in all other Cases such Transfer or Assignment, Disposition or Assignation, shall be charged with the same Duty as an original Mortgage, Wadset, or other Security.

 

And where any such Transfer or Assignment, Disposition or Assignation, together with any Schedule, Receipt, or other Matter put or indorsed thereon or annexed thereto, shall contain 2,160 Words or upwards, then for every entire Quantity of 1,080 Words contained therein, over and above the first 1,080 Words, a further progressive Duty of

  1 0 0

PROVIDED always, that where several distinct Deeds or Instruments, falling within the Description of any of the Instruments hereby charged with the said ad valorem Duty on Mortgages and Wadsets, shall be made at the same Time for securing the Payment or Transfer ofone and the same Sum of Money, or one and the same Share of any of the Stocks or Funds before mentioned, the said ad valorem Duty shall be charged and chargeable only on one of such Deeds or Instruments, and all the rest shall be charged with the Duty to which the same may be liable under any more general Description of such Deeds or Instruments contained in this Schedule; and the Commissioners of Stamps shall,if thereunto required, for the sake of Evidence, cause all the rest of such Deeds or Instruments to be also stamped with some particular Stamp for testifying the Payment of the said ad valorem