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EXTRAORDINARY CHARGE AGAINST…

AN IMPORTANT DECISION UNDER…

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AN IMPORTANT DECISION UNDER TEE STAMP ACT. In a case which came before the London Sheriffs' Court it appeared that a defendant did not dispute the debt, which amounted to a few shillings, but in order to save trouble in proving the debt a document had been signed, which was prodused to the judge.. His Honour, upon reading the acknowledgment, said that it proved too much for the plaintiff's case. It saiii, I promise to pay, by a certain day, so much money." Clearly that was a promissory note, and re- quired a stamp. If it had been a mere IOU the case would have been different. Plaintiff's Agent, who was considerably surprised, said it was an agreement to pay a debt that had never been disputed. His Honour It is more than an agreement; it is it promissory note. Plaintiff's Agent: I thought that under <, note did not require a, stamp. His Honour: That would be in a case ol c;. goods. This is a promise "to pay money. ",Mr. Osgood (the registrar) and Mr. Aikni high bailiff) agreed with his honour as to the docu- ment requiring a sixpenny stamp. His Honour nonsuited the plaintiff, telling that he might perhaps have proved his case w i the document, but as he, had produced it the Lv ji. was compelled to take cognisance of it. This decision appears to be of considerable im- portance in the City, as many persons take acknow- ledgments of this kind, either, in the shape of I 0 U or promises to pay, in order to save their debtors trouble of attending at the court upon the day v hearing.

SEVEN 10U8FS DESTROYED B7…

| Money Harket.

1.The Corn Trade

Cattle Market.

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