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Governor-Augustus Prevost.

Deputy-Governor-Samuel Hope Morley.

Directors-C. G. Arbuthnot, H. C. O. Bonsor, M.P., H. Brooks, W. M. Campbell, A. C. Cole, Sir M. W. Collect, Bart.. W. Cunliffe, J. P. Currie, J. S. Gilliat, M.P., Samuel S. Gladstone, C. H. Goschen, H. R. Grenfell, E. A. Hambro, W. D. Hoare, The Hon. E. Hubbard, F. H. Jackson, R. E. Johnston, The Rt. Hon. W. Lidderdale, E. Lubbock, R. L. Newman, The Rt. Hon. Lord Revelstoke, A. G. Sandeman, H. C. Smith, A. F. Wallace.

Chief Accountant-G. F. Stutchbury.

Chief Cashier-H. G. Bowen.

Secretary-Kenneth Grahame.

Branches-Burlington-gardens, W.; Fleet-street, E.C. Birmingham, Bristol, Hull, Leeds, Liverpool, Manchester, Newcastle-on-Tyne, Plymouth, Portsmouth.

Banks whose cheques pass through the Clearing House are indicated by an asterisk.

1. African Bkng. Corp., 46, Threadneedle St.
4. Anglo-Austrian Bank, 31, Lombard St.
5. Anglo-Californian Bank, 18, Austin Friars.
6. Anglo Egyptian Bank, 27, Clement's
Lane.

7. Anglo-Foreign Banking Co., 2, Bishopsgate
St. Within.

8. Anglo-Italian Bank, St. Mildred's Court, Poultry.,

9. Australian Joint-Stock Bank, 2, King

William St.

10. Bank of England (see opposite).

14. Bank of Adelaide, 11, Leadenhall St.
15. Bank of Africa (Limited), 113, Cannon St.
16. Bank of Australasia, 4, Threadneedle St.
18. Bank of Brit. N. America, 5, Gracechurch St.
18a. Bank of Brit. West Africa, Ltd., 17, Leaden-

hall St.

19. Bank of China and Japan, 36, Nicholas Lane. 20. Bank of Egypt, 26, Old Broad St. 21. Bank of Mauritius, 10, George Yard, E.C. 22. Bank of Montreal, 22, Abchurch Lane. 23. Bank of N. S. Wales, 64, Old Broad St. 24. Bank of New Zealand, 1, Queen Victoria St. 24a. Bank of Roumania, 7, Gt. Winchester St. 25. Bank of Scotland, 19, Bishopsgate St.

3. Bank of Tarapaca and Argentina, 97 and 98, Bishopsgate Street Within. 26. Bank of Victoria, 28, Clement's Lane. 27. *Barclay & Co., Ltd., 54, Lombard St.; 1, Pall Mall East, S.W.; 27, Cavendish Sq.; 19, Fleet St.; 122, Brompton Rd. 28. Birkbeck Bank, Southampton Edgs., W.C. 28a. Britannic Bank, Ltd., Lancaster Place, W.C. 29. Brit. Bk. of S. America, 2a, Moorgate St. 29a. British Linen Co., 41, Lombard St. 30. British Mutual Bking. Co., Ludgate Circus. 17. *Canadian Bank of Commerce, 60, Lombard St.

34. Cap. and Counties Bk.,

39,

Threadneedle St.

Met. Branches.-35, King St., W.C.; 25, Ludgate Hill: 125, Oxford St.; 35, Piccadilly; 195. Edgware Rd.; 11, Fore St., E.C.; 50, Upper St., N.; 151-153, Newington Causeway; 216, Commercial Rd.; 145, High St., Shoreditch.; 38, Victoria St. 35. Chartered Bank of India, Australia and China, Hatton Court, Threadneedle St.

37. Child & Co., 1, Fleet St.

39. Civil Service Bank, 10, Charing Cross Road. 40. Clydesdale Bank (Limited), 30, Lombard Street.

41. Cocks, Biddulph & Co., 43, Charing Cross. 42. Colonial Bank, 13, Bishopsgate St. Within. 43. Commercial Bank of Australia (Limited), 1, Bishopsgate St. Within.

44. Commercial Bank of India, 12, King William

St.

45. Commercial Bl:. of Scotland, 62, Lombard St. 46. Commercial Banking Co. of Sydney, 18, Birchin Lane.

47. Comptoir National d'Escompte de Paris, 52, Threadneedle St.

48. Coutts & Co., 56 to Strand. 49. Cox & Co., 16, Charing Cross.

59,

55. Delhi & London Bank (Ltd.), 123, Bishopsgate St. Within.

56. Drummonds & Co., 49, Charing Cross. 60. English, Scottish, and Australian Bank (Limited), 38, Lombard St.

66. German Bank of London, 34, Old Broad St. 67. *Glyn, Mills, Currie, & Co., 67, Lombard St. 68. Hoare, Charles, & Co., 37, Fleet St. 69. Hong Kong & Shanghai Banking Corporation, 31, Lombard St.

75. Imperial Bank of Persia, 25, Abchurch Lane. 76. Imperial Ottoman Bank, 26, Throgmorton St. 77. International Bank of London (Limited), Winchester House, Old Broad St. 78. Ionian Bank (Limited), 44, Palmerston Bdgs., Bishopsgate St. Within.

86. Lloyds Bank, Limited, 72, Lombard St. Chief Met. Branches.-222, Strand, W.C.; 16, St. James's St.; 33. Belgrave Rd., S. W.; 34 HammerSmith Rd., W. Kensington; Holborn Circus.

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Rd.; 6, Albert Gate; 165, Westminster Bridge Rd. ; 52, East India Dock Rd.; Newington Butts; 109, New Oxford St.; 1, Connaught St., Edgware Rd.; 180, Shoreditch; 25, Sussex Place, Queen's Gate; Borough High St., Southwark; 173, Victoria St., Westminster; and elsewhere.

92. London and Hanseatic Bank (Limited), 38, Lombard St.

93. *London Joint Stock Bank (Limited), 5, Princes St.

Chief Met. Branches.-6, Lothbury; 44, Fenchurch St.; 22, Victoria St., Westminster; 1, Sydney Place, Onslow Square; Wigmore St., W.; 69, Pall Mall; 123, Chanery Lane; 89, Charterhouse St.; 28, High St., Borough; 2, Craven Rd., W.; 94, Great Tower St.; 144, Leadenhall St.; 55. Old Broad St.; Bank Buildings, Gloucester Rd., S. Kensington; 137, Buckingham Palace Rd.; and elsewhere.

94. *London City and Midland Bank (Ltd.), 5, Threadneedle St.

Met. Branches.-449, strand; 19, Coleman St.; 129, New Bond St.; 90, Tooley St.; 110, High St., Whitechapel; 488, Bethnal Green Rd.; 237, Tottenham Court Rd., W.; 50, Shaftesbury Avenue; 91, Mile End Rd.; 60, Wt. Smithfield; 93, Jamaica Rd., Bermondsey; 196 Lower Rd., Rotherhithe; 41, High St., Deptford; and others.

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Chief Met. Branches-27, Regent St.; 356, Battersea Park Rd.; 1, Victoria Rd., Battersea Park; 248, New Kent Rd., Bermondsey; 46, Southampton Row, W.C., Bloomsbury; 90 & 92, Bow Rd., Bow; 275 & 465, Brixton Rd.; 256, Brixton Hill; High Rd., Brondesbury; Camberwell Green Park St., Camden Town; 140, King's Road, Chelsea; Rosebery Avenue, Clerkenwell; 183, Earl's Court Rd., S.W., Earl's Court; hast Finchley; 82, Finsbury Pavement; Station Rd., Finsbury Park; 78, Fleet St.; 56, Great Portland St.; 1, Amhurst Rd., Hackney, N.E.,

8, Broadway, Hammersmith; 28, High St., Hamp stead; 416, Harrow Rd.; High St., Highgate; 403. Holloway Rd.; The Broadway, Crouch End, Hornsey; 230, Kentish Town Rd.; 42, High Rd., Kilburn; 236, Whitechapel Rd., Mile End; 137, Ladbroke Grove, Notting Hill; 451, Oxford St.; East India Dock Rd., Poplar; Wellington Rd., St. John's Wood; 127, Holland Park Avenue,; 125, High St., Shoreditch; 135, Finchley Rd., South Hampstead; 368, Commercial Rd., Stepney; 256, Clapham Rd., Stockwell; 214, Upper Kennington Lane, Vauxhall; The Broadway, Walham Green; 202, Fulham Rd., West Brompton; 7, Bank Bldgs., North End Rd.. Wesi Kensington; and elsewhere.

100. *London & Westminster (Ltd.),41, Lothbury.

Met. Branches.-5, St. Paul's Churchyard; 1. St. James's Square; 214, High Holborn ; 6, Borough High St.; 130, High St., Whitechapel; 1. Stratford Place, W.; 217, Strand; 91, Westminster Bridge Rd., S.E.; 1, Brompton Square; 62, Victoria St., S. W.; 79, Ebury St., S. W.; 94 & 96, High St., Kensington; 8, Holborn Circus, E.C.; 98. City Rd.; 269 & 270, Upper St., Islington, N. Broadway, Crouch End; 44 & 46, Hampstead Rd., NW 106a, High Road, Kilburn, N.W.; 106, Finchley Rd, N.W.; 112 & 114, Oxford St.; 133. Westbourne Grove, Bayswater.

ror. London and Yorkshire Bank (Limited), 7, Draper's Gardens.

110. Manchester and Liverpool District Banking Co. (Limited), 75, Cornhill. III. *Martin's Bank (Limited), 68, Lombard St. 112. Mercantile of India, Ltd.,40, ThreadneedleSt. 113. Mercantile Bank of London, Wool Exch. 114. Merchant Banking Co., 112, Cannon St. 115. *Metropolitan Bank (of England & Wales), 60, Gracechurch St., E.C.

120. Natal Bk. (Ltd.), 18, St.Swithin's Lane, E.C. 121. *National Bank (Ltd.), 13, Old Broad St.

Met. Branches.-68, Gloucester Gardens, W.; 21, Grosvenor Gardens, S.W.; 189, High St., Camden Town; 9, Charing Cross; 361 Goswell Rd., Islington; Elgin Avenue, Harrow Rd.; 286, Pentonville Rd., King's Cross; 158, High St., Notting Hill; 276, Oxford St.; 180, Strand; and St. Mary's Rd., Harlesden. 122. National Bank of Australasia (Limited), 123, Bishopsgate St. Within.

123a.

123. National Bank of China, 61, Old Broad St. National Bank of Egypt, 92, Cannon St. 124. National Bk. of India, 47, Threadneedle St. 125. National Bank of New Zealand (Limited), 15, Moorgate Street.

126. National Bank of Scotland (Limited), 37, Nicholas Lane.

127.

*National Provincial Bank of England (Ltd.), 112, Bishopsgate St. Within.

Met. Branches.-185, Aldersgate St., E.C.; 53. Baker St., W; 291b, Oxford St., W.; 208 & 209, Piccadilly, IV.; Audley Mansions, S. Audley St., W.; 218, Upper St., Islington; Carey St., Lincoln's Inn, W.C.; 88, Cromwell Rd. S Kensington, S. W.; and elsewhere. 135. *Parr's Bk. (Ltd.),4,Bartholomew La., E.C. Chief Met.Branches.-77, Lombard St.; 1,Cavendish Square, W.; 88 & 90, High St., Kensington; 239, Regent

St.; 14, Sloane Square; 820, Holloway Rd.; 201, Earl's Court Ra.; Finsbury Sq.; 52, Threadneedle St. 136. *Prescott, Dimsdale, Cave, Tugwell & Co.

(Ltd.), 50, Cornhill, E.C.; 22, London St., W.; 3, Regent St.; Lowndes St., S.W. 137. Provincial Bank of Ireland (Limited), 8, Throgmorton Avenue.

141. Queensland National Bank (Limited), 8, Princes St., E.C.

145. *Robarts, Lubbock & Co., 15, Lombard St. 145a. Robinson South African Bkg.Co.,Lothbury. 146. Royal Bank of Scotland, 123, Bishopsgate St. Within.

147. Roy. Bk. of Queensland, 25, Abchurch Lane. 152. Smith, Payne, & Smiths, 1, Lombard St. 153. Standard Bank of South Africa (Limited), 10, Clement's Lane, E.C.

158. Union Bk. of Australia (Ltd.), 71, Cornhill. 159. *Union Bk. of London (Ltd.), 2, Princes St. Met. Branches.-116, Fenchurch St.; Argyll Place, W.; Charing Cross; Chancery Lane; Holborn Circus: Bishop's Rd., W.;97, Tottenham Court Rd., W.; Sloane St.; Croydon; Southwark St., S.E.; and elsewhere. 160. Union Bank of Scotland (Ltd.), 62, Cornhill. 165. *Williams, Deacon's Bank (Ltd.), 20, Birchin Lane, E.C.; 2, Cockspur St., S.W.

FOREIGN MONEYS AND THEIR VALUE.

It should be borne in mind that Exchange Value of Foreign Money varies considerably.

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RATES, TAXES, LICENCES, Affidavits.-An Affidavit or Statutory Declaration must be stamped with a half-crown stamp. Except such as are to be used in any court or required by any Board of Revenue, or by law and made before any Justice of the Peace, or required at the Bank of Eng. or Ire. to prove the death of any proprietor, or for the transfer of stock, &c., or as to the loss, &c., of any bank note or bank post bill, or declaration required in order to a marriage without licence, or Declaration forming part of an application for a patent.

Agreements or Contracts.-If under hand only of the value of £5 or more and not otherwise charged, the duty is sixpence which may be affixed by an adhesive stamp.

Agreements under £5 or for hire of laborers or manual servants or for sale of goods, &c., or between master and men of a ship for wages need not be stamped.

Appointment of a New Trustee by any instrument except a Will, 10s.

Appraisement or Valuation.-£5-3d.; £106d.; and for every £10 up to £50-6d.; above £50, not above 100-5s.; £200-10s.; £50015s.; above £500-20s.

Apprentices' Indentures.-To be binding, these must be in proper legal form stamped with a half-crown stamp-an ordinary form of agreement will not suffice. The length of term, premium to be paid, remuneration to apprentice, &c., vary with the nature of the trade and the will of the parties. A statute of Queen Elizabeth fixed the term of apprenticeship at 7 years, and though this was repealed in 1814 that period is still regarded as the most satisfactory. An indenture is usually determined by the death of the master. In London, if bound to a member of one of the great City Companies, the apprentice is entitled to take up the "freedom of the City" at the expiration of the seven years on payment of a small sum.

Armorial Bearings, 215.; on carriage, 42s. The term "Armorial bearings" includes any crest, coat of arms, or ensign, whether registered at the College of Arms or not, and whether used on plate, jewellery, paper or otherwise, but a licence to use on a carriage includes use in any other manner. Licences expire Dec. 31.

Armorial bearings used solely as Trade Marks or for Trade purposes or by any Corporation or Public Company in their Corporate capacity are exempt.

Attorney, Letter or Power of

For appointing Proxy at any single meeting, or adjournment thereof, id.

For receiving Wages or Prize Money, Is.

For the sale, transfer or acceptance of Government Stock, where the nominal value does not exceed 100--2s. 6d. Any other kind, 10S.

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STAMP DUTIES, etc. primarily responsible for payment, the drawer only secondarily so, provided that if not paid at maturity the document is immediately noted in the proper manner. Before it can be paid, the Bill must be "endorsed" or signed across the back by the drawer. The customary form of acceptance for Form No. 1 would be "accepted, payable at (such and such) a bank," and the acceptor's signature.

The person to whom a Bill is payable may assign it to another by writing above his signature the words " 'pay to the order of " so and so.

Instead of one month after date," or "ninety days after date," any other period may be stated, or the Bill may be made payable at so many days or months "after sight" (ie., after being presented for acceptance); or, again, immediately on presentation, by the substitution of the words at sight."

66

66

A Promissory Note does not require to be accepted," but must be endorsed by the payee before value can be received.

Three days' 66 grace are allowed after the date when a Bill becomes due, but this does not apply to Bills payable at sight. In foreign countries the number of days of varies. grace Bills of Exchange and Promissory Notes due on any bank holiday are payable the day following; those due on Good Friday, Christmas Day, or on a Sunday are payable the day previous. The following are ordinary forms of Bills of Exchange and Promissory Notes:

Form 1

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London. July 9th 1899 Stamp One month after date pay to our order the sum of Two hundred and fifty pounds, value Franklin & Co.

received,
To Messrs Jones & C

Form 2

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Stamp. Second and third not paid to the order of Messrs Barday!
Nimely days after date have this First of Exchange
the sum of Fifty pounds, value received, which place
To Mess Jones & Co
Franklin & Co

Form 3.

to our account

£100

PROMISSORY NOTE.

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London, July 94 1899 One month after date we promise to pay to Stamp Mess Barclay 46or their order, the sum Ons hundred pounds sterling, Vatue received.. Payable at the Royal Banks Frankler & Co Bonds.-A Bond, Covenant, or Instrument, which is the principal security for any sum or sums of money at stated periods for a definite period, is liable to an ad valorem duty for the whole sum (see MORTGAGE).

If it is for life or other indefinite period, for every £5 or part of £5 of sum periodically payable, 2s. 6d. In the case of any superannuation annuity : for every £5 or part of £5 of the annuity or sum periodically payable, 6d.

Bonds, by Acts of Parliament or by Customs or Inland Revenue, where penalty does not exceed £150, duty as in MORTGAGE. In any other

case, 55.

A Bond on obtaining Letters of Administration in England or Ireland, or a confirmation of testament in Scotland, 5s.

Carriage Tax.-The duty on carriages of all kinds (except Hackney Carriages) with 4 or more wheels drawn or fitted to be drawn by 2 or more horses or mules or propelled by mechanical power is 425.; if by one horse or mule only, 21s.; with less than 4 wheels, 15s.; Hackney Carriages, 155. Only half the amount is charged if the licence is taken out after Oct. 1st in any year, but all licences expire on Dec. 31. On Motor Cars, in addition to the Carriage Tax a further duty

is payable as follows: Weight, without water, fuel or accumulator, from 1 to 2 tons, 425.; above 2 tons, £3 35. (See also under Armorial Bearings and Servants.)

Carriages, Carts, Waggons, &c., used solely for convey. ance of goods for Trade purposes are exempt if the name, &c., of owner are legibly painted on them.

Contract Note, advising sale or purchase of Stock of the value of £5 and under £100-1d.; £100 or upwards, Is.

A note advising sale or purchase of more than one description of Stock will be deemed to be as many notes as there are descriptions of Stock. Conveyances. A Conveyance or transfer, whether on sale or otherwise, of Bank of England Stock, is liable to a duty of 7s. 9d.; of Canadian Stock, inscribed in books kept in the United Kingdom, and Colonial Stock registered under the Colonial Stock Act, 1877, of 2s. 6d. for every £100 or fraction of £100.

Conveyance or transfer on sale of any property (except such Stock as aforesaid), where the purchase or consideration money is not above £5-6d. For every additional £5, up to £25-6d.; for every £25, up to £300-2s. 6d. ; for every addi. tional £50-5s.

Of any other kind, 10s. See also under Securities.

Dog Tax.-The duty on any dog of the age of six months, no matter of what description, in England, Wales and Scotland, is 7s. 6d. Dogs under six months are not liable, but a licence must be taken out as soon as they attain that age. Dog licences are issued at all Money Order Offices and expire on Dec. 31st. The penalty for keeping a dog without a licence is £5. In Ireland the licence duty for each dog is 2s.; the certificate of registration bears a sixpenny Petty Sessions stamp, but one stamp suffices for each licence which may include several dogs.

Dogs kept and used solely by blind persons are exempt, and farmers and shepherds may obtain exemption for 2 or more dogs kept solely for guarding sheep, on making the necessary declaration.

Estate Duty.-This duty is payable upon the principal value of all property, real or personal, settled or not settled, which passes on a death. In estimating the value of the estate for duty, the funeral expenses and all outstanding debts and liabilities should first be deducted. The following are the rates of Duty:£100 to £500, 1 per cent. ; £500 to £1,000, 2 per cent.; £1,000 to £10,000, 3 per cent.; £10,000 to £25,000, 4 per cent. ; £25,000 to £50,000, 4 per cent.; £50,000 to £75,000, 5 per cent.; £75,000 to £roo,000, 5 per cent.; £100,000 to £150,000, 6 per cent. ; £150,000 to £250,000, 6 per cent.; £250,000 to £500,000, 7 per cent.; £500,000 to £1,000,000, 7 per cent.; above £1,000,000, 8 per cent.

In addition to the above, where property liable to Estate Duty is settled by the will of the deceased, or having been settled on or after Aug. 1st, 1894, by some other disposition passes under that disposition on the death of the deceased to some person not competent to dispose thereof, a further duty called Settlement Estate Duty is payable at the rate of £1 per cent. on the settled property, but from that payment the ad valorem stamp duty charged on the settlement may be deducted.

But where the net value of the property, real and personal, does not exceed 1,000, Estate Duty only is payable, and the property is exempt from Settlement Estate Duty, and from Legacy or Succession Duties.

Interest at 3 per cent. per annum is also payable on the Estate Duty from the date of the death down to the date of the delivery of the affidavit, or the expiration of six months after the death, whichever first happens.

Small estates up to £3c0 and £500 gross, are charged with fixed duties of 30s. and 50s., and are exempt from all other death duties.

The duty at the rate of 1 per cent. payable under the Acts relating to Legacy or Succession Duties, and the additional Succession Duties imposed by Sec. 21 of the Customs and Inland Revenue Act, 1888, are not leviable in respect of property chargeable with Estate Duty in cases where the deceased died on or after Aug. 1st, 1894.

The Estate Duty on real property may be paid, if desired, by eight yearly or sixteen halfyearly instalments, with interest at 3 per cent. per annum, but arrears of Estate Duty are chargeable with interest at 4 per cent. per annum.

In small estates, where the gross value does not exceed £300, probate and letters of administration may be obtained through an Inland Revenue Officer.

Game and Gamekeepers' Licences.-No one may use a gun without a proper licence. To carry a gun or firearm of any description the licence costs 10s, and expires July 31. An annual licence for killing game, expiring July 31, costs £3; for 14 days only, 20s. A short period licence from Aug. I to Oct. 31, or from Nov. 1 to July 31, costs £2. A gamekeeper's licence costs £2, and anyone having the right to kill game in England or Scotland can take an annual licence out for any assessed servant to act as a gamekeeper for the same sum. Such licences expire July 31.

In Ireland the licence for a gamekeeper acting under a deputation registered with supervisor for a whole year costs £3; from Aug. 1 to Oct. 31, or Nov. 1 to July 31, 2.

Persons holding game licences, soldiers, sailors and volunteers, when using or carrying a gun in the execu tion of their duty, or when engaged in target practice, need not have a gun licence, 33 & 34 Vict. c. 57, sec. 7. sub-section 1.

In England the word " game" includes pheasants, partridges, grouse, black, heath or moor game, bustards and hares, but owners may kill hares without a licence. The penalty for killing game or using a gun without licence is £20. Shooting game on a Sunday is also illegal.

General Rate.-This rate is one for meeting various items of expenditure, such as paving, lighting, cleansing, &c. In counties it goes by the name of THE COUNTY RATE, in the Metropolis it is called THE CONSOLIDATED RATE, and in a few Parishes and in all Boroughs THE GENERAL DISTRICT RATE. It sometimes includes the School Board Rate. It is based on the same assessment as that used for the Poor Rate, and varies according to circumstances. As a rule it is payable quarterly (half-yearly ir Boroughs).

The General Rate covers the expenses of watching, street lighting, repair and watering of streets and sewers, and the expenses of the Health Department and Hospitals.

Improvement Rate.-This provides for repay. ment of expenses of street improvements, quays, &c.; the General District Rate is mainly for parks; the City Rate is applied to meet deficiencies in the City Fund for Criminal Prosecutions, salaries of officials, cost of markets, baths and washhouses, weights and measures, registration expenses, fire brigade, &c.

It may be well here to say that the remarks these columns concerning Rates can only be taken generally: the whole system of making and collecting Rates differs materially in different parts of the kingdom and no definite rule can be stated in regard to them.

Inhabited House Duty.--This is payable anau

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