BOND in relation to any annuity upon the original creation and sale thereof.
See CONVEYANCE ON SALE. BOND, COVENANT. or INSTRUMENT of any kind whatsoever.
(I) Being the only or principal or primary security tor any annuity (except upon the original creation thereof by way of sale Or s, eurity, and except a superannua tion annuity . or for any sum or sums of money at stated periods, nut being interest for any prin. ipal sum secured by a duly stamped instrument. nor rent reserved by a lease or tack.
For a defiaite and certain period, so that the total amount to be ultimately payable can be ascer tained.
The Inland Revenue do not, in practice, charge duty on more than twenty times the annual sum.) For the term of life or any other indefinite period.
For every 1:5, and also for any fractional part of L5, of the annuity or sum periodically payable. .
(2) Being a collateral or auxi liary or additional or sub stituted security for any of the above-mentioned pur poses where the principal or primary instrument is duly stamped.
Where the total amount to be ultimately payable can be ascertained . . .
In any other case : For every ,S,5, and also for any fractional part of I5, of the annuity or sum periodically payable. .
(3) Being a grant or contract for payment of a super annuation annuity, that is to say. a deferred life an nuity granted or secured to any person in considera tion of annual premiums payable until he attains a specified age and so as to commence on his attaining that age.
For every £5 and also for any fractional part of £5 of the annuity . . .
BOND given pursuant to the tions of any Act, or of the missioners or the Commissioners, of Customs, or any of their officers, for or in respect of any of the duties of excise or customs, or tor preventing frauds or sions thereof, or for any other matter or thing relating thereto.
Where the penalty of the bond does not exceed 1,150.
In any other case . . . Exemption.
Bond given as aforesaid upon, or in relation to, the receiv ing or obtaining, or for en titling any person to receive or obtain, any drawback of anv duty of excise or cus toms, for or in respect of any goods, wares, or merchan • dise exported or shipped to be exported from the United Kingdom to any parts beyond the seas, or upon or in relation to the obtaining of any debenture or certificate for entitling any person to receive any such drawback as aforesaid.
And see Section 42 as fol lows :— If any person required by any Act for the time being in force or by the Com missioners, or any of their officers, to give or enter into any bond for or in respect of any duty of excise, or for preventing any fraud or evasion in relation to any such duty, of for any matter or thing relating thereto, includes in one and the same bond any goods or things belonging to more persons than one, not being partners or joint tenants, or tenants in common, he shall for every offence incur a fine of fifty pounds."