The Financial Review of Reviews Volume 87-92

The Financial Review of Reviews Volume 87-92

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1913 edition. Excerpt: ...is the rate of interest which a buyer who prefers not to pay for his stock is charged for the privilege of carrying it over. _Wh.at is termed ii making-up price is flxed by the Stock Exchange authorities, and if a buyer has bought at_a pnice less than this making-up price he must pay the "diflerence ' on the Account-day. _Name or Ticket Day. For example, if you have bought registered stock your broker fills up a Ticket with your name, address, and occupation, and hands it to the jobber who sold the stock, the latter in his turn passing it to his seller, and eo it passw through the hands of intermediate dealers (for the same stock may be sold and resold several times in one Account) until it finally reaches the first seller's broker. The latter then prepares the Transfer Deed from this ticket, and on the Account-day delivers the deed duly executed by the seller to the buyer's broker, who then pays the purchase money. plus the stamp duty, and lodges the deed at the com any's office for registration. The ast of the setthng days is Account-day or Pay-day and explains itself. (See Carrying-over.) ADHESIVE 81'AllPS.--The Stamp Act, 1891, provides that "stamp duties except where express provision is made to _the contrary are to be denoted by impressed staiiips only." The chief express provisions concern (1) _ an agreement under hand (Lo. signed and not sealed) which is stamped sixpence. For example, if you lose a share certificate or a dividend warrant you can get a duplicate by giving a letter of indemnity, which is an agreement under hand and is stamped sixpence. I_n the latter case no stamp is re uired. (2) Bills of exchange payabe on demand. If you have mislaid your cheque-book you can write out a cheque on a shest of...show more

Product details

  • Paperback
  • 189 x 246 x 9mm | 313g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 123681231X
  • 9781236812315