licity to its provisions, so that all parties affected thereby may be duly advised. The following changes are made in the law now in force: TAXES REPEALED ON AND AFTER JULY 1, 1902. Special taxes of— Bankers; Brokers; Dealers in grain, securities, etc., under paragraph 3, section 8, act of March 2, 1901 (brokers, class 2); Pawnbrokers; Custom-house brokers; Proprietors of theaters, etc.; Proprietors of circuses; Proprietors of public exhibitions or shows for money; Proprietors of bowling alleys or billiard rooms; Dealers in leaf tobacco; Dealers in tobacco; Manufacturers of tobacco; Manufacturers of cigars. Stamp taxes on Instruments, papers or documents; deliveries or transfers of stock, and sales and agreements of sale or agreements to sell stocks, products or merchandise. Wines. (Schedule B.) (Schedule A.) Seats in parlor or palace cars, and berths in sleeping cars. Taxes on legacies and distributive shares of personal property. Excise taxes on persons, firms, companies, and corporations engaged in refining petroleum and sugar. TAXES REDUCED. Fermented liquors.—The tax is reduced to $1 per barrel. Snuff and tobacco.-The tax is reduced to 6 cents per pound. Cigarettes.-The tax on cigarettes weighing more than 3 pounds per thousand is reduced to $3 per thousand. A drawback or rebate is allowed on all original and unbroken factory packages of smoking and manufactured tobacco and snuff held. by manufacturers or dealers on July 1, 1902, to the amount of difference between the higher rate paid and the tax imposed by this act. No discount is allowed on sale of stamps for fermented liquors or for tobacco or snuff. The provisions of the present law, relative to mixed flour, remain unchanged, except a slight change is made in the definition of mixed flour. Rights accrued or liabilities incurred prior to the repeal are not affected. The estates of all persons dying prior to July 1, 1902, will be subject to the legacy tax, even if the distribution is not made until after that date. J. W. YERKES, Commissioner. (503.) Exchanging beer, tobacco, and snuff stamps under the provisions of act of April 12, 1902, and accounting therefor. [Int. Rev. Circular No. 620.] TREASURY DEPARTMENT, OFFICE OF COMMISSIONER OF INTERNAL REVENUE, Washington, D. C., April 16, 1902. To collectors of internal revenue: The act to repeal war-revenue taxation, and for other purposes, approved April 12, 1902, provides that on and after July 1, 1902, the tax on fermented liquors shall be $1 per barrel, the tax on tobacco and snuff 6 cents per pound, and reduces the tax on large cigarettes to $3 per thousand. It also provides that until appropriate stamps are prepared and furnished the stamps heretofore used to denote the payment of revenue tax on beer, tobacco, and snuff may, on and after July 1, 1902, be presented to collectors of internal revenue, who shall receive them at the price paid for such stamps by the purchasers and issue in lieu thereof new or imprinted stamps at the rate provided by said act. For the guidance of collectors and others interested the following instructions relative to the exchange of said stamps and rendering accounts for the same are hereby issued: Brewers and manufacturers of tobacco and snuff having possession of unaffixed stamps issued for the payment of tax at the old rate upon beer, tobacco, and snuff may present the same to the collector of their district on or after the date when the new rate of taxation goes into effect, for exchange under the provision of law. Each lot of stamps must be accompanied by a schedule of the stamps presented for exchange, setting forth in columns under appropriate headings the number of each denomination and the amount of cash paid. There should be presented with said stamps and schedule an order for stamps at the new rate of tax, specifying the denominations desired. The total value of the new stamps ordered should be made to correspond as nearly as possible to the total value of the old stamps returned for exchange. Where it is impracticable to order new stamps exactly corresponding in value to those returned, the order for such new stamps should be made for an amount slightly exceeding the value of those returned, and there should be transmitted or presented with such order cash sufficient to pay for the excess of new stamps required. Upon receipt of stamps for exchange with a schedule and order as above provided, accompanied, when necessary, by money to pay for excess of new stamps ordered, collectors will have the old stamps counted, noting the denominations and value thereof on the schedule and issue to the owner thereof new stamps of equal value of those returned and the cash, if any, transmitted therewith. The stamps returned for exchange, together with a schedule giving the name of each brewer or manufacturer who returned the same, and showing in columns under appropriate headings the number of stamps of each denomination returned, the value thereof, the amount of cash, if any, received to balance exchange, should then be forwarded to this office by registered mail. The stamps received from each person must be separately scheduled and forwarded. On Form 103 for beer stamps and on Form 76 for tobacco and snuff stamps collectors will charge themselves with the full money value of stamps received for exchange, but will not enter the various denominations thereon. This value shall correspond to the schedule of old stamps received and exchanged during the month and forwarded to this office. On these forms collectors will take credit for stamps issued in exchange, extending in column of values a value equal only to the amount of stamps received for exchange. The difference between this amount and the actual value of stamps issued in exchange shall be reported as special sales. Collectors will also take credit for the money value of stamps received for exchange and forwarded as "returned in transitu." All entries of transactions pertaining to exchange of stamps under the provisions of law and these instructions shall be in red ink. On Forms 79 and 51b collectors will make only one entry pertaining to exchange, and that shall be to credit themselves with the value of stamps returned to this office. When stamps are presented for exchange, collectors must take a reasonable time for counting and examining the same, for preparing schedules, making entries, and completing all transactions pertaining to such exchange with care and accuracy. In order to prevent loss to the Government and confusion and delay in the settlement of accounts, collectors should advise brewers and manufacturers of tobacco and snuff to purchase as few stamps of the old issue as will meet their requirements until July 1, 1902, and collectors should order from this office beer, tobacco, and snuff stamps of the present rate of tax in sufficient quantities only to meet current demands, in order that their stock of such stamps to be returned on June 30 may be reduced as low as possible. All such old stamps in the hands of collectors must be returned “in transitu" to this office at close of business on June 30, thus balancing Records 31 and 34 and Forms 76 and 103. Stamps of new rate of tax should be entered on a new page on above-mentioned records and supplemental reports of the same should be furnished on Forms 76 and 103 for June. J. W. YERKES, Commissioner. (504.) Special-tax stamps for the special-tax year ending June 30, 1903. [Int. Rev. Circular No. 568, revised.] TREASURY DEPARTMENT,. OFFICE OF COMMISSIONER OF INTERNAL REVENUE, Washington, D. C., April 16, 1902. To collectors of internal revenue: 1. Immediately on receipt of this circular, collectors will make out and transmit to this office requisitions on Form 100 (revised 1902) for special-tax stamps for the special-tax year commencing July 1, 1902, and ending June 30, 1903. 2. In no case will stamps be issued to a collector in excess of an estimated three months' supply. 3. These stamps will be denominated "Series 1902," and requisitions therefor should have this denomination distinctly indorsed thereon. 4. Collectors in ordering special-tax stamps should base their estimates of the quantity they will need upon the number of each kind issued by them during the first three months of the current year, but in no case should less than one book of any denomination be ordered. 5. Collectors will insert, in red ink, in the left-hand column of Form 100 (revised 1902), on which requisitions are made, directly opposite the number of stamps of each kind ordered, the number of whole books of such stamps "Series 1901" in their hands on the day requisitions are forwarded to this office. 6. Collectors will not issue special-tax stamps for the special-tax year ending June 30, 1903, until Form 11, properly filled out, and the money for the stamps have been received; and the stamps must be issued in consecutive order, the dates upon the stubs so indicating. 7. On June 30, 1902, collectors will return to this office all specialtax stamps of the series of 1901 and all coupons and stubs of such stamps remaining in their hands, reporting them on lines 10 and 21 of Form 68 for June as "in transitu" June 30, 1901. Collectors are informed that this instruction is mandatory; that no excuse for not complying with the same will be accepted, but that in every case where a collector for any reason shall fail to comply herewith he will be required to forward amended Form 68 on which such stamps and coupons returned must be reported as "in transitu" June 30, 1902. 8. When special taxes (of the kinds prescribed for use under the provisions of the act of Congress approved April 12, 1902) are collected for other than the current year, the collector will issue stamps of "Series 1902," writing across the face thereof, and also across the stubs, in red ink, "issued for the last months of the special-tax year ending June 30, 1—,” signing the same in his official capacity. 9. In all cases where special taxes (which become obsolete on and after July 1, 1902, by reason of the repeal of the war-revenue special taxes provided by act of Congress approved June 13, 1898) are collected for any special-tax year beginning on or after July 1, 1898, and ending not later than June 30, 1902, collectors will issue their receipt on Form 1, and report such cases on Form 58. 10. Because of the repeal of the provisions aforesaid two sets of reports on Form 68 will be required from collectors after June 30, 1902, each month, until stamps of the series of 1901 have been finally receipted for by this office. The Form 68 now in use will be used after June next by collectors for reporting stamps of the series of 1901, and will be denominated "Supplemental." All stamps of series 1901 will be reported on the supplemental report, until receipts have been received by collectors covering the stamps and coupons stated by them as in transitu on June 30, 1902. On the new revised Form 68 should be stated only the stamps issued to collectors for the special-tax year beginning July 1, 1902. It is expected that the new special-tax stamps will be in the hands of collectors before June 1, 1902, so that they will necessarily have to be taken up on the old Form 68, and be reported thereon until July, when they should be stated on the new revised Form 68. J. W. YERKES, Commissioner. (505.) Manufacturers of tobacco, snuff, and cigars, peddlers of tobacco, and dealers in leaf tobacco to register on and after July 1, 1902. [Int. Rev. Circular No. 621.] TREASURY DEPARTMENT, OFFICE OF COMMISSIONER OF INTERNAL REVENUE, Washington, D. C., April 17, 1902. To collectors of internal revenue: Under the provisions of the act of Congress approved April 12, 1902, all special taxes imposed by the act of June 13, 1898, on manu |