The Monticellonian., 1898-09-09

the mortgage and also on the pow CT of attorney, but not on the transfer authorized until this trans fer IS completed.
 Abstracts of title do not require to be stamped.
 The stamp should be affixed to the evidence of receipt and for warding for each shipment, wheth- CT the evidence is in the form of bill of lading manifest, receipt or book, and the common carrier is compelled by law to issue this evi- dence of receipt and forwarding.
 A stamp is required upon every assignment of policy of insurance at the same rate as that on the original instrument.
 Neither the so called mortgage clause attached to a policy nor it's cancellation or release requires ad- ditional stamp.
 Where d policy of insurance is assigned as collateral security for a loan it should be stamped as a pledge according to the amount of the debt secured and not according to face of policy.
 Reinsurance of insurance policy in other companies is not taxable if original policy is properly stamp ed and reinsurer receives only the proportionate premium on its pro- portionate liability. If, however, the risk becomes extra hazardous, and there Is reinsurance affected, the extra premium paid is taxable.
 Where leases are executed in du- plicate, so that both are originals, both are required to be stamped ; but if there be but one original copies thereof are hot required to be stamped.
 This office holds that where a feeeiptis given for money received as rent for certain premises anc for d certain term, and there art no other reeitals in the receipt, i does not require stamp. If tht receipt contains any phrase ol clause that can be construed as i; contract for the hire, use, or ren as aforesaid, in such cases the re eeipt becomes something more than bare receipt, and should bt stamped according to its tenor ano effect. \ mere reference in q ren receipt to an existing lease, duly executed, will not be construed a new lease.
 No stamp is required upon tn, transfer by indorsement of promis sorry notes.
 Where notes secured by a deet of trust are used as collateral, tn, deed of trust and the notes are Ire quired to be stamped, not on tn, bases of their face value, but or the amount for which they are pledged (that is to say, the memo randum of their pledge must D, stamped). This pledge of note. and deed of trust does not require to be stamped again because of re. newals of the notes held as eollat eral if the pledge itself is not re newed.
 Promissory notes which have matured and have been allowed tC run without suit are held not to be renewed by the payment of inter. est. This is looked upon as flor bearance" and not d renewal, the holder not relinquishing his right of action for any stated period.
 In reckoning the stamp tax or transfer of certificates of stock, the tax Is reckoned on the face value In reckoning this tax, the fact that only part of the face value of shares subscribed for and issued has been paid by shareholders is not to be taken into consideration.
 When certificates of stock or other securities are pledged for a loan the stamp tax Is to be reckon ed not on the face value of the certificates or securities but on the amount of money loaned above SLOOO.
 GOOD TIMES COMING.
 There is every indication that