Where any person having contracted for the purchase of any property but not haying obtained a convey

ance of it, shall contract to soil it to any other person, and the same shall in conse quence bo convoyed immediately to the sub purchaser, the ad valorem duty shall bo charged on the price to be paid by the sub purchaser: "Where any person having con tvacted for the purchase of any property, but not having obtained a conveyance, shall contract *> sell the whole or any part of it, and, i -..onsequence, it shall ba con .veyed by the original seller to different persons m parts or parcels, the principal or omy deed or instrument of conveyance of. each part or.pareelthereof shall be charged with the ad valorem duty, in respect only of .the purchase or consideration money which, shall be therein mentioned. And m all cases of such sub-sales the sub-purchaser and the person immediately selling to him shall be doomed and taken to be the purchaser * °? ~sellor< But where any sub-purchaser shall take an actual conveyance, chargeable with the ad valorem duty in respect of the purchase or consideration money paid, or agreed to be paid, any deed of conveyance afterwards made to him, of tho property by the original seller, shall bo exempt from tho ad valotm duty, and bo charged only with the duty on deeds or in sbrumonts of the same kind not upon a sale. Exemptions from the preceding duties on conveyances:—Any grant from the Crown to'any purchaser of Crown lands in New Zealand; any certificate of title granted under the hand of Registrar-General, pur suant to "The Land Registry Act, 1560." Deed or instrument of any kind whatever, not otherwise charged, 10s. Exemptions from tho preceding duties on deeds or instru ments not otherwise charged in this Schedule —Apprenticeship and clerkship : All instru ments relating to the services of apprentices, clerks, or servants. Mortgages : All bonds and mortgages, whether affecting real or per sonal estate, bills of sale by way ©f mortgage, and all. 