Excerpt from Crabb's Complete Series of Precedents in Conveyancing, and of Common and Commercial Forms, Vol. 2 of 2: In Alphabetical Order, Adapted to the Present State of the Law and the Practice of Conveyancing, With Copious Prefaces, Observations and Notes on the Several Deeds The assignment to trustees of a marriage settlement of a policy of insurance effected on the settlor's life for a sum named, and all monies assured or to become payable by or under the policy, is not liable to the ad valorem duty under 13 8c 14 Vict. C. 97, Sched. Settle ment, as being a deed whereby any definite and certain principal sum of money is settled, Sanville v. Commissioners of Inland Revenue, 10 Exch. 159; 23 Law J., Exch.

271. Bonds and mortgages and other securities, operating as settlements, and chargeable with ad valorem duties on bonds or mortgages, are exempt from the settlement duty; also deeds in execution of powers in a previous settlement in favour of special objects of such powers also deeds merely declaring the trusts of any money or stock pur suant to a previous settlement, or for securing any gifts or dispositions made by any previous settlement, deed or will; also wills and all testamentary dispositions mortis causzi of every description, 55 Geo. 8, c. 184, Sebed., Part I., tit. Settlement. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books.

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