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may cancel

cepces under

Commissioners V. Provided always, and be it further enacted, That where a b

Banker or Bankers shall have obtained the Licence required to Licences al

Law for issuing Promissory Notes payable to Bearer on Dema. ready taken out, and grant Li.

at any Town or Place in England, and during the Continuance

such Licence shall be desirous of taking out a Licence to issu this Act in lieu at the same Town or Place unstamped Promissory Notes and Bü thereof. of Exchange under the Provisions of this Act, it shall be laufu

for the Commissioners of Stamps to cancel and allow as spole the Stamp upon the said first-mentioned Licence, and in lie. thereof to grant to such Banker or Bankers a Licence under the Authority of this Act; and every such last-mentioned Licenc: shall also authorize the issuing and re-issuing of all Promissary Notes payable to the Bearer on Demand, which such Banker e Bankers may by Law continue to issue or re-issue at the sa.

Town or Place, on Paper duly stamped. Bankers while VI. Provided always, and be it further enacted, That if any licensed under Banker or Bankers, who shall take out a Licence under the ALthis Act shall

thority of this Act, shall issue, under the Authority either of this not issue, for the first Time,

or any other Act, any unstamped Promissory Notes for Payment Noteson stamp

of Money to the Bearer on Demand, such' Banker or Banker ed Paper.

shall, so long as he or they shall continue licensed as aforesaid make and issue on unstamped Paper all his or their Promissory Notes for Payment of Money to the Bearer on Demand, of whatever Amount such Notes may be ; and it shall not be lawful for such Banker or Bankers, during the Period aforesaid, to issue fer the first Time any such Promissory Note as aforesaid on stamped

Paper. Bankers license VII. And be it further enacted, That before any Licence shal ed to issue un- be granted to any Person or Persons to issue or draw any unstamped Notes stamped Promissory Notes or Bills of Exchange under the Auor Bills shall

thority of this Act, such Person or Persons shall give Security, by give Security, by Bond, for Bond, to His Majesty, His Heirs and Successors, with a Condition

, that if such Person or Persons do and shall from time to time formance of the enter or cause to be entered in a Book or Books to be kept for Conditions

that Purpose, an Account of all such unstamped Promissory Notes herein contained.

and Bills of Exchange as he or they shall so as aforesaid issue of draw, specifying the Amount or Value thereof respectively, and the several Dates of the issuing thereof; and in like Manner also, a similar Account of all such Promissory Notes as, having been issued as aforesaid, shall have been cancelled, and the Dates of the cancelling thereof, and of all such Bills of Exchange as, having been drawn or issued as aforesaid, shall have been paid, and the Dates of the Payment thereof; and do and shall from time to time, when thereunto requested, produce and show such Accounts to, and permit the same to be examined and inspected by the said Commissioners of Stamps, or any Officer of Stamps appointed under the Hands and Seals of the said Commissioners for that Purpose ; and also do and shall deliver to the said Commissioners of Stamps Half-yearly, (that is to say,) within Fourteen Days after the First Day of January and the First Day of July in every Year, a just and true Account in Writing, verified upon the Oaths or Affirmations (which any Justice of the Peace is hereby empowered to administer), to the best of the Knowledge and Belief of such Person or Persons, and of his or their Cashier, Accountant, or

the due Per

i nief Clerk, or of such of them as the said Commissioners shall
quire, of the Amount or Value of all unstamped Promissory
otes and Bills of Exchange, issued under the Provisions of this
r any former Act, in Circulation within the Meaning of this Act
n a given Day, (that is to say,) on Saturday in every Week, for
je Space of Half a Year prior to the Half-yearly Day imme-
iately preceding the Delivery of such Account, together with
le Average Amount or Value of such Notes and Bills so in Cir.
ulation, according to such Account; and also do and shall pay
· cause to be paid to the Receiver General of Stamp Duties in
reat Britain, or to some other Person duly authorized by the
ommissioners of Stamps to receive the same, as a Composition
r the Duties which would otherwise have been payable for such
romissory Notes and Bills of Exchange issued or in Circulation
uring such Half Year, the Sum of Three Shillings and Sixpence
or every One hundred Pounds, and also for the fractional Part of
Ine hundred Pounds, of the said Average Amount or Value of
ach Notes and Bills in Circulation, according to the true Intent
nd Meaning of this Act; and on due Performance thereof such
Bond shall be void, but otherwise the same shall be and remain
a full force and virtue.

VIII. And be it further enacted, That every unstamped Pro- For what Period nissory Note payable to the Bearer on Demand, issued under the Notes and Bills Provisions of this Act, shall, for the Purpose of Payment of Duty, are to be deemed je deemed to be in Circulation from the Day of the issuing to in Circulation. he Day of the cancelling thereof, both Days inclusive, excepting nevertheless the Period during which such Note shall be in the Hands of the Banker or Bankers who first issued the same, or by whom the same shall be expressed to be payable ; and that every unstamped Promissory Note payable to Order, and every unstamped Bill of Exchange so as aforesaid issued, shall for the Purpose aforesaid be deemed to be in Circulation from the Day of the issuing to the Day of the Payment thereof, both Days inclusive: Provided always, that every such Promissory Note payable to Order, and Bill of Exchange as aforesaid, which shall be paid in less than Seven Days from the issuing thereof, shall, for the Purpose aforesaid, be included in the Account of Notes and Bills in Circulation on the Saturday next after the Day of the issuing thereof as if the same were then actually in Circulation.

IX. And be it further enacted, That in every Bond to be given Regulations pursuant to the Directions of this Act the Person or Persons in- respecting the tending to issue or draw any such unstamped Promissory Notes Bonds to be and Bills of Exchange as aforesaid, or such and so many of the given pursuant said Persons as the Commissioners of Stamps shall require, shall be the Obligors; and every such Bond shall be taken in the Sum of One hundred Pounds, or in such larger Sum as the said Commissioners of Stamps may judge to be the probable Amount of the Composition or Duties that will be payable from such Person or Persons, under or by virtue of this Act, during the Period of One Year; and it shall be lawful for the said Commissioners to fix the Time or Times of Payment of the said Composition or Duties, and to specify the same in the Condition to every such Bond; and every such Bond may be required to be renewed from time to time, at the Discretion of the said Commissioners,

and

and as often as the same shall be forfeited, or the Parties to tra same, or any of them, shall die, become bankrupt or insolvent, de

reside in Parts beyond the Seas. Fresh Bonds to X. And be it further enacted, That if any Alteration shal be given on made in any Copartnership of Persons who shall have given a Alterations of

such Security by Bond as by this Act is directed, whether sec Copartnerships. Alteration shall be caused by the Death or Retirement of Uk

or more of the Partners of the Firm, or by the Accession of a additional or new Partner or Partners, a fresh Bond shala given by the remaining Partner or Partners, or the Persons cog. posing the new Copartnership, as the Case may be, which Box: shall be taken as a Security for the Duties which may be due a: owing, or may become due and owing, in respect of the 3 stamped Notes and Bills which shall have been issued by the Persons composing the old Copartnership, and which shall be i Circulation at the Time of such Alteration, as well as for Due which shall or may be or become due or owing in respect of 24 unstamped Notes and Bills issued or to be issued by the Persiti composing the new Copartnership; provided that no such frei Bond shall be rendered necessary by any such Alteration as afer said in any Copartnership of Persons exceeding Six in Numbe but that the Bonds to be given by such last-mentioned to partnerships shall be taken as Securities for all the Duties they may incur so long as they shall exist, or the Persons composa the same, or any of them, shall carry on Business in Coparte: ship together, or with any other Person or Persons, notwithstanding any Alteration in such Copartnership; saving always the Power of the said Commissioners of Stamps to require a bet Bond in any Case where they shall deem it necessary

for bette securing the Payment of the said Duties. Penalty on XI. And be it further enacted, That if any

Person or Persia Bankers neg

who shall have given Security, by Bond, to His Majesty, in the lecting to Manner hereinbefore directed, shall refuse or neglect to renen renew their

such Bond when forfeited, and as often as the same is by the Bonds.

Act required to be renewed, such Person or Persons so offending shall for every such Offence forfeit and pay the Sum of One hur.

dred Pounds. Penalty for XII. And be it further enacted, That if any Person or Persegi post-dating un- who shall be licensed under the Provisions of this Act shall dran stamped Notes or issue, or cause to be drawn or issued, upon unstamped Paper, or Bills.

any Promissory Note payable to Order, or any Bill of Exchango which shall bear Date subsequent to the Day on which it shall & issued, the Person or Persons so offending shall, for every such Note or Bill so drawn or issued, forfeit the Sum of One hundred

Pounds. This Act not to

XIII. Provided always, and be it further enacted, That nothing

in this Act contained shall extend or be construed to extend to exempt from Penalties any

exempt or relieve from the Forfeitures or Penalties imposed by Persons issuing any Act or Acts now in force, upon Persons issuing Promissory unstamped Notes or Bills of Exchange not duly stamped as the Law requires Notes or Bills not in accord

any Person or Persons who under any Colour or Pretence whatance herewith. soever shall issue any unstamped Promissory Note or Bill of Ex

change, unless such Person or Persons shall be duly licensed to issue such Note or Bill under the Provisions of this Act; and such

Note

te or Bill shall be drawn and issued in strict Accordance with e Regulations and Restrictions herein contained. XIV. And be it further enacted, That all pecuniary Forfeitures Recovery of d Penalties which may be incurred under any of the Provisions Penalties.

this Act shall be recovered for the Use of His Majesty, His eirs and Successors, in His Majesty's Court of Exchequer at estminster, by Action of Debt, Bill, Plaint, or Information, in e Name of His Majesty's Attorney or Solicitor General in ngland. XV. Provided always, and be it further enacted, That nothing Not to affect the this Act contained shall extend or be construed to extend to Privileges of the ejudice, alter, or affect any of the Rights, Powers, or Privileges Bank of Engthe Governor and Company of the Bank of England.

land. · XVI. And Whereas it may happen that Bankers who may be Where any desirous to issue unstamped Promissory Notes payable to Bankers taking Bearer on Demand, under the Provisions of this Act, may have out Licences

under this Act provided themselves with Stamps for such Notes, which may, shall have not have been issued, and which may by this Act be rendered Stamps in their useless or unnecessary, and it is expedient to enable the Com- Possession missioners of Stamps to cancel and allow such Stamps in manner which will behereinafter mentioned;' Be it therefore enacted, That where come useless, ny Banker or Bankers, who shall take out a Licence under the the CommisTuthority of this Act, shall have in his or their Possession Stamps cancel such or re-issuable Promissory Notes payable to the Bearer on De- Stamps, and aand, which shall be rendered useless or unnecessary in conse- make Allowluence of such Banker or Bankers electing to issue such Notes ance for the op unstamped Paper under the Provisions of this Act, it shall be same. awful for the said Commissioners of Stamps, and they are hereby uuthorized and empowered to cancel and allow such Stamps so is aforesaid rendered useless or unnecessary, and to repay the Amount or Value thereof in Money, deducting therefrom the Sum of One Pound Ten Shillings for every One hundred Pounds, and so in Proportion for any greater or less Sum than One hundred Pounds of such Amount or Value ; provided Proof be made by Affidavit or Affirmation, to the Satisfaction of the said Commissioners, that such Stamps have not been issued; and provided Application be made for such Allowance within Six Calendar Months next after the passing of this Act.

XVII. And be it further enacted, That this Act may be altered, Act may be amended, or repealed by any Act or Acts to be passed in this altered. present Session of Parliament.

CAP. XXIV.
An Act to repeal certain Acts, and to consolidate and amend
the Laws relating to Bills of Exchange and Promissory
Notes in Ireland.

[19th June 1828.] WHEREAS it is expedient that the Acts relating to Bills consolidated and amended, so that the Law in relation thereto may be assimilated to that of England ; and also that the Fees

payable to Notaries Public in Ireland, for noting and protesting such Bills and Notes, should be regulated and defined:' Be it therefore enacted by the King's most Excellent Majesty, by

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and with the Advice and Consent of the Lords Spiritual and Ta De

poral, and Commons, in this present Parliament assembled, After 1st Sept. by the Authority of the same, That an Act passed in the Pale 1828, the Irish liament of Ireland in the Eighth Year of the Reign of Qe=1 Acts 8 Anne

Anne, intituled An Act for the better Payment of Inland Biul and 26 G.3. re.

Exchange, and making Promissory Notes more obligatory; and lating to Promissory Notes, an Act passed in the Parliament of Ireland in the Twenty-sir. and so much of Year of the Reign of King George the Third, to explain and an:.. 1 & 2 G.4. c. 78. the said Act of the Eighth Year of the Reign of Queen Aek. and 7 & 8 G.4.

and also an Act passed in the Parliament of the United Kingen c.15. (U.K.) as in the First and Second Years of the Reign of His present Maes relate to Promissory Notes intituled An Act to regulate Acceptance of Bills of Exchange; si in Ireland, re. also an Act passed in the Parliament of the United Kingdom pealed. the Seventh and Eighth Years of his present Majesty's Rea

intituled An Act for declaring the Law in relation to Bills Exchange and Promissory Notes becoming payable on Good Fride or Christmas Day, so far as the said Two last-mentioned Acts either of them relate to or are in force in Ireland, shall, from after the First Day of September One thousand eight hundred sx twenty-eight, be and the same are hereby repealed; except e far as any of the said Acts may repeal any former Act or acts and except as to Actions or Suits heretofore commenced ax prosecuted upon any of the said so hereby repealed Acts te

spectively. Promissory II. And be it enacted, That when any Note in Writing conNotes may be monly called a Promissory Note shall at any Time after the sa! assignable as

First Day of September One thousand eight hundred and twentyBills of Exchange.

eight be made and signed by any Person or Persons, Banker
or Bankers, Goldsmith or Goldsmiths, Merchant or Merchants
Trader or Traders, or by any Clerk, Servant, or Agent usual
intrusted by him, her, or them to sign such Promissory Notes fe:
him, her, or them, whereby the Maker or Makers of such Note
doth or do or shall promise to pay any Sum of Money mentioned
therein to any other Person or Persons, his, her, or their Order
or unto Bearer, such Note shall be taken and construed to be, b!
virtue thereof, due and payable to the Person or Persons to when
the same is made payable, or to the Bearer thereof respectiveir
and every such Note payable to any Person or Persons,
his, her, or their Order, shall be assignable or indorsable over is

the same Manner as Inland Bills of Exchange are or may be acAnd the Per. cording to the Custom of Merchants; and the Person or Persons sons to whom to whom such Sum of Money is or shall by any such Note or Inthey are as- dorsement be made payable, or to whom such Note shall be insigned may

dorsed or assigned, or shall be payable, shall and may maintain su maintain AC

Action for the same, in such Manner as he, she, or they might do tions for the same.

upon any Inland Bill of Exchange made or drawn according to the Custom of Merchants, either against the Person or Person by whom or by whose Servant or Agent as aforesaid the same was signed, or against any of the Persons having indorsed such assignable or indorsable Note, in like Manner as in Cases of Inland Bills of Exchange ; and in every such Action the Plaintiff Plaintiffs shall recover his, her, or their Damages and Costs of Suit; and if such Plaintiff or Plaintiff's shall be nonsuited, Verdict shall be given against him, her, or them, the Defendana

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