from such profits on account of any sums expended for repairs of premises occupied for the purpose of such concern, nor for any sum expended for the supply, or repairs, or alterations of any implements or utensils, or articles employed for the purpose of such concern, beyond the sum usually expended, according to an average of three years preceding the year in which such assessment shall be made; nor on account of loss not connected with or arising out of such concern; nor on account of any capital withdrawn therefrom; nor for any sums employed or intended to be employed as capital in such concern; nor for any capital employed in improvement of premises Occupied for the purposes of such concern; nor on account, or under pretence of any interest which might have been made in such sums if laid out at interest; nor for any debts, except uch as shall be proved to the satisfaction of the commissioners, ⚫ be irrecoverable; nor for any average loss beyond the actual mount of loss after adjustment; nor for any sum recoverable nder an assurance or contract of indemnity.

4th. In estimating the amount of the profits no deduction No deduction hall be made on account of any annual interest, or any annuity for annual rother annual payment payable out of such profits, except the interest. sterest of debts due to foreigners not resident in Great Britain, this majesty's dominions.

fessions, e

The duty to be charged in respect of professions, employ Rules in res ents, or vocations, not contained in any other schedule of this pect of prot, shall be ascertained by the following rules: 1st. The said duty on employments shall extend to every em- ployments, oyment by retainer in any character whatever, whether such tainer shall be annual or for a longer or shorter period; duty shall id to all profits and earnings of whatever value, subject extend. ly to such exemptions and allowances as are hereinafter

anted:

vocations. To what the

2d.-The duty shall be computed at a sum not less than the Computation fl amount of the balance of the profits (after making such of duty on ductions, and no other, as by this act are allowed) within profession. e preceding year, ending as in the first case, to be paid on the tual amount of such profits without any deduction, subject the like provisions as are made in the first case in respect of e period of average, in the cases of setting up such profession, mployment, or vocation within the period herein limited :

3d. The third and fourth rules in the case relating to trade Certain rules all also extend to the profits arising under this case, as far as of the first ley are applicable.

And the following rules shall apply to both cases, that is say, as well the profits arising from trades as from profes

10 extend te the second

1st. In estimating the balance of the profits to be charged, Rules common o sum shall be deducted from such profits for any disburse, to both inwes and professents whatever, not being money wholly laid out for the pur$199. joses of such trade, or of such profession; nor for any ex

Deductions not to be al

lowed on first and second

cases.

Duty on trade

pences of maintenance of the parties, their families or esta blishments; nor for rent or value of any dwelling-house or domestic offices, except such part thereof as may be used for the purposes of such trade, not exceeding the proportion of the said rent or value hereinafter mentioned; nor for any sum expended in any other domestic or private purposes, distinct from the purposes of such trade, or of such profession:

2nd. The computation of the duty charged in respect of any carried on by trade, or any profession, whether carried on by any person sin

one person, how to be

charged.

Duty on trade carried

on by two or more persons, how to be charged.

In case of

change of part

Ders the duty to be charged on the profits antecedent to the change.

gly or by one or more jointly, or by any corporation, shall be made exclusive of the profits arising from lands, tenements, or hereditaments occupied for the purpose of such profession, trade, manufacture, adventure or concern:

3d. The computation of duty arising in respect of any trade,or any profession, carried on by two or more persons jointly shall be stated jointly, and in one sum, and separately from any other duty chargeable on the same persons, or any of them; and the return of the partner who shall be first named in the copartnership (or where there shall be no deed the partner, who shall be named singly, or with precedence to the other partners,) and who shall be resident in Great Britain (and who is under the penalty herein contained for default to make such return on behalf of himself and the other partner) shall be suff cient authority to charge such partners jointly:

But where no such partner shall be resident in Great Britais. then the statement shall be delivered by their agent, manager, or factor, and such joint assessments shall be made in the partnership firm; and no separate statement shall be allowed it any case of partnership, except for the purposes of the partsen separately claiming an exemption or allowance as herein direct. ed, or of accounting for separate concerns.

And if any partners being entitled to be charged at different rates, or to any exemption or allowance, shall declare the pro portions of their respective shares, in order to a separate assess meat, it shall be lawful to charge them separately, at the rate which such proportions shall be chargeable with, but if no such claim be made, then such assessment shall be made jointly, ac cording to the amount of the profits of such partnership:

Also any joint partner in such profession or concern, which shall have been already returned by such precedent partner, 1 aforesaid, may return his name and abode, and that he is such partner, without returning the amount of duty payable in res pect thereof, unless the commissioners shall think proper to require further returns, in which case it shall be lawful for such commissioners to require from every such partner the like t turns, and the like information and evidence as they are hereby entitled to require from the partner making the return of duty:

4th. If amongst any persons engaged in any trade, or in any profession in partnership together, any change shall take place

either by death or dissolution of partnership, or by admitting any other partner before the time of making the assessment, or within the period for which the assessment ought to be made, or if any person shall have succeeded to any trade, or any profession within such period, it shall be lawful for the commissioners, and they and also the parties interested, and every officer acting in the execution of this act, shall compute the duty payable in respect of such partnership, or any of such partners, or my person succeeding to such. profession, trade, manufacture, dventure, or concern, according to the profits such business lerived during the respective periods herein mentioned, notvithstanding such change therein or succession to such business 5 aforesaid, unless such partners, or such person succeeding to uch business, shall prove, to the satisfaction of the said com‐ issioners, that the profits have fallen short, or will fall short rom some specific cause, to be alledged, since such change or accession, or by reason thereof.

division, except

ent concerns in trade in divers

places.

5th. Every statement of profits shall include every source so Duties to be hargeable on the person delivering the same on his own ac- charged in one ount, or on account of any other person; and every person where the same all be chargeable in respect of the whole of such duties in one person is enad the same division, and by the same commissioners (except gaged in differhere the same person shall be engaged in different partnerships, the same persons shall be engaged in different concerns reting to trade in divers places, in each of which cases a sepate assessment shall be made in respect of each concern, at the ace where such concern, if singly carried on ought to be arged as herein directed) and every such statement on the half of any other person for which such person shall be chargele as acting in any of the characters before described, or on e behalf of any corporation, shall include every source charges le as last aforesaid, and shall be delivered in that division here such persons, corporations, fellowships, fraternities, commies or societies would be chargeable, if acting on their own shaif.

And the duty in respect of profits of an uncertain annual Rules for ilue not charged in section 1, shall be charged in manner fol- charging duty wing:

on uncerta

profits.

duty on uncer tain profits.

1st. The duty to be charged in respect thereof shall be comated at a sum not less than the full amount of the profits Computation of ising therefrom within the preceding year, ending as in the rst rule as to trades. to be paid on the actual amount of such rofits, without any deduction:

24. The profits on all securities bearing interest, payable On interest, not ut of the public revenue (except securities before directed to being annual. e charged under the rules in the preceding section II, and on Il discounts, and on all interest of money, not being annual nterest payable by any persons whatever, shall be charged acording to the preceding rule in this case:

On dealers in

3d. Whenever the commissioners shall, on examination, find cattle, and sel hat any lands occupied by a dealer in cattle, or by a dealer lers of milk. VOL. IV.

3 M

Charging with

duty all annual interest not otherwise charged.

Interest from

tion.

iu or seller of milk, (which lands shall have been charged on the rent or annual value,) are not sufficient for the keep of the cattle brought on the said lands, so that the rent or annual va lue of the lands cannot afford a just estimate of the profits of such dealer, it shall be lawful for the commissioners to require a return of such profits, and to charge such further sum thereon, as, together with the charge in respect of the occupation of the lands, shall make up the full sum wherewith such trader ought to be charged in respect of the like amount of profits charged according to the first rule in this case.

And upon all annuities, yearly interest of money, or other annual payments, whether such payments shall be payable, within or out of Great Britain, either as a charge on any property the person paying the same by virtue of any deed or will, otherwise, or as a reservation thereout, or as a personal debt er obligation by virtue of any contract, or whether the same sbat be received half-yearly, or at any shorter or more distant pe riods, there shall be charged for every twenty shillings of the annual amount thereof the sum of two shillings without dedz tion, according to the last provisions. s. 114.

But in every case where the same shall be payable out of pro profits charged fits brought into charge by virtue of this act, no assessment liable to deduc- be made upon the person entitled to such annuity, it or other annual payment, but the whole of such profshall be charged with duty on the person liable to such payment, without distinguishing such annual payment; the person so liable to make such annual payment, whethe out of the profits charged with duty, or out of any payment liable to deduction, or from which a deducte hath been made, shall be authorised to deduct out of such nual payment at the rate of two shillings for every twe shillings of the amount thereof (except where the pay is to be made in respect of any annuity, or described in the s dule of particulars hereinafter set forth, and the party shall duce a certificate of exemption or allowance as herein. is mentioned, authorising a deduction at a lower rate, or exe ing the payment on such deduction); and the persons to wi such payments are to be made as are liable to deduction (ex such annuities as aforesaid, to an amount subject to exemp or allowance) shall allow such deduction at the full rate of hereby directed to be charged, upon the receipt of the resid such money, and under the penalty hereinafter contained: the person charged to the said duties,having made such deduct shall be discharged of so much money as such deduction amount unto, as if the amount thereof had actually beca unto the person to whom such payment shall have been and the person to whom such annuities subject to allowa are to be paid, shall allow such deduction as remains to be after granting the allowances before authorised upon the ceipt of the residue of such annuity under the like indemn aforesaid. s. 114.

rest to be charged under

But in every case where any annual payment as aforesaid,shall, All other inte by reason of the same being charged on any property or security in Ireland, or in the British plantations, or in any other of his schedale (C) majesty's dominions, or on any foreign property or foreign security, or otherwise, be receivable without any such deduction, and in every case where any such payment shall be made from profits not charged by this act, or where any interest of money shall not be payable for the period of one year, then there shall be charged upon such interest, annuity or other annual payment as aforesaid, the duty before mentioned, according to the provisions by which the duty in this last case may be charged. s. 114.

be charged on the officer ma

And where any creditor on any rates or assessments not Interest secur chargeable by this act as profits shall be entitled to such interest, ed on rates to t shall be lawful to charge the proper officer having the majagement of the accounts with the duty payable on such innaging the ac. erest, and every such officer shall be answerable for doing all counts. cts necessary to a due assessment of the said duties and pay1ent thereof as if such rates were profits chargeable under this ct, and such officer shall be in like manner indemuified for all uch acts, as if the said rates were chargeable. s. 114.

ductions.

And if any person shall refuse to allow any deduction autho. Penalty on reised to be made by this act out of any payment of annual in- fusing the de rest of money lent, or other debt bearing annual interest, hether the same be secured by mortgage or otherwise, shall rfeit for every such offence treble the value of such principal oney or debt; or if any person shall refuse to allow any deaction in the next preceding clause, save such annual interest. aforesaid, such person shall forfeit fifty pounds; and all ntracts, covenants, and agreements made or entered into, or to made or entered into, for payment of any interest, rent, or her annual payment aforesaid in full, without allowing such duction, shall be utterly void. s. 114.

terest of mo

under Sec. IV.

to be made by

And whenever it shall be proved to the satisfaction of the com- Deductions on issioners acting for the purposes of this act in the district where Payment of iny person making the application shall reside, that any inter- ney, and other t of money, annuity, or other annual payment, shall be an- payments from ally paid out of the profits bona fide accounted for and profits charged larged according to the rules aforesaid, without any deduction a account thereof, such commissioners may grant a certificate virtue of a ce ereof under their hands, which shall entitle the person so as tificate. ssed, upon payment of such interest, annuity, or other annual 1yment, to deduct so much thercot as alike rate thereon would nount unto; and all persons to whom they shall be paid, all allow such deductions upon receipt of the same residue; ad the persons paying the same shall be discharged of so much oney as a like rate thereon would amount unto, as if the same ad actually been paid unto the person to whom such interest, nnuity, or other annual payment, shall have been due.

But no such certificate shall be required where such payments re to be made out of the profits arising from lauds, tenements, r hereditaments, or of any office or employment of profit, or ut of any annuity, pension, stipend, or any dividend, or share