Papua-New Guinea
p. 21 · Read in the full issue
Hand-in-Pocket Dept.:
Stamp-Duty Comes To
FROM July 1 it will cost Terri torians 2d every time they write a cheque. This is the first time that stamp duty has been pay able in Papua and New Guinea.
Two-penny stamp duty will be required on all receipts of £2 and more and there will be stamp duty on Bills of Exchange, memoranda and articles of companies, trans fers of property (leasehold and free hold), promissory notes, deeds of gift, and transfer of shares.
In short —one by one all the privileges of living in the Terri tories are being whittled down.
Legislation providing for stamp duty was passed by the P-NG Coun cil about a year ago.