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 Excise Stamps on Cover

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RossTO
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PostSubject: Excise Stamps on Cover   Fri Jun 01, 2012 7:39 am

Well in this case the cover is a cheque (yes that is how we spell it in the countries that speak the Queens English Razz )

These are the beginnings of a collection of stamps that are used for excise tax purposes on cheques. From 1915-1953 there was a tax levy placed on all types of commercial paper. The tax amount was based upon the face value of the paper (in this case cheques) and assessed by the financial institution. I am not sure who ended up paying the tax (issuer or bearer) but it was levied.

Interesting enough, after 1923 definitive stamps were no longer supposed to be used as a means of payment for the tax, but obviously they still did.

So, here is the beginnings of my collection. Will be grabbing more in the near future as I found a gentleman in Eastern Ontario that sells this stuff out of a flea market.






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PostSubject: Re: Excise Stamps on Cover   Fri Jun 01, 2012 7:40 am






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Ignorance isn't bliss... it is just ignorance.

Current collections; Canada, GB, Australia, & New Zealand (all years). France & Switzerland (to 1970)
Embryonic collections; British Empire, Liechtenstein, Luxembourg, and the following up to 1970 Germany & Austria.
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PostSubject: Re: Excise Stamps on Cover   Fri Jun 01, 2012 7:40 am








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Ignorance isn't bliss... it is just ignorance.

Current collections; Canada, GB, Australia, & New Zealand (all years). France & Switzerland (to 1970)
Embryonic collections; British Empire, Liechtenstein, Luxembourg, and the following up to 1970 Germany & Austria.
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PostSubject: Re: Excise Stamps on Cover   Fri Jun 01, 2012 7:44 am

The war tax stamp on the first cheque is my only copy of that stamp... do you know how much self control it took to leave it there Laughing

Oh... and the scanner is back at home!!!

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Ignorance isn't bliss... it is just ignorance.

Current collections; Canada, GB, Australia, & New Zealand (all years). France & Switzerland (to 1970)
Embryonic collections; British Empire, Liechtenstein, Luxembourg, and the following up to 1970 Germany & Austria.
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Bear
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PostSubject: Re: Excise Stamps on Cover   Fri Jun 01, 2012 8:16 am

oh wow those are great!! never seen anything like it.

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PostSubject: Re: Excise Stamps on Cover   Fri Jun 01, 2012 2:53 pm

Greetings Fellow Boarders
.
That's quite something. Just think of the number of folks required to handle that first chec ... oops, I mean cheque. A minimum of at least five people put their paws on that paper: 1) the endorser, 2) the payee, 3) the Molsons Bank employee, 4) the Bank of Toronto employee, and the person with the green grease pencil ("k"). There could be more involved if the blue grease pencil was wielded by a different person making the blueish-green Molsons stamps and another person pushed the pencil mark under "Chas. Fritz Jurich." And hard telling if someone else put the cheque number, "835", on that paper. Heck, it might even be additional hands involved if you consider a another person licking and placing the brown war stamp (I've never seen one like that before) and if the Molsons hand stamps were done by separate people.
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No wonder banking was/is such a big business. Today the hands are replace by automation and computers.
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Respectfully,

Gordon Lee
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AamerJamal
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PostSubject: Re: Excise Stamps on Cover   Fri Jun 01, 2012 4:40 pm


isn't it looks similar to one of the most famous Cinderella scratch
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