part of the sum so to be ascertained as aforesaid for each year's com- APPENDIX.
position, shall be paid on the first day of October, and the other half
on the first day of April next after the delivery of such account as

aforesaid.

XXII. Provided always, and be it further enacted, That upon the Composisaid Governor and Company resuming their payments in cash, a new tion made arrangement for the composition for the stamp duties, payable on their promissory notes and Bank post bills, shall be submitted to Par- cash pay

liament.

when Bank

resumes

ments.

of

Scotland,

on

XXIII. And be it further enacted, That from and after the thirty. The Bank first day of August, one thousand eight hundred and fifteen, it shall be and Royal lawful for the Governor and Company of the Bank of Scotland, and the Bank Royal Bank of Scotland, and the British Linen Company in Scotland and British respectively, to issue their promissory notes for the sums of one pound, Linen Comone guinea, two pounds and two guineas, payable to the bearer on de-pany, may mand, on unstamped paper, in the same manner as they were author-issue small ized to do by the aforesaid act of the forty-eighth year of His Majesty's notes reign; they the said Governor and Company of the Bank of Scotland, paper, acunstamped and the Royal Bank of Scotland, and British Linen Company, respec-countingfor tively giving such security, and keeping and producing true accounts of duties, 48 all the notes so to be issued by them respectively, and accounting for Geo. 3. c. and paying the several duties payable in respect of such notes, in such and the same manner, in all respects, as is and are prescribed and required by the said last-mentioned act, with regard to the notes thereby allowed to be issued by them on unstamped paper, and also to re-issue such promissory notes respectively, from time to time after the payment thereof, as often as they shall think fit.

149. s. 16.

bankers or

re

specting li

censes.

XXIV. And be it further enacted, That from and after the tenth day Re-issuaof October, one thousand eight hundred and fifteen, it shall not be law-ble notes ful for any banker or bankers, or other person or persons (except the issued by Governor and Company of the Bank of England,) to issue any promis-others withsory notes for money payable to the bearer on demand, hereby charged out license. with a duty and allowed to be re-issued as aforesaid, without taking Regulaout a license yearly for that purpose; which license shall be granted tions by two or more of the said commissioners of stamps for the time being, or by some person authorized in that behalf by the said commissioners, [ 545 ] or the major part of them, on payment of the duty charged thereon in the Schedule hereunto annexed; and a separate and distinct license shall be taken out, for or in respect of every town or place where any such promissory notes shall be issued by, or by any agent or agents for or on account of, any banker or bankers or other person or persons ; and every such license shall specify the proper name or names and place or places of abode of the person or persons, or the proper name and description of any body corporate, to whom the same shall be granted, and also the name of the town or place where, and the name of the bank, as well as the partnership, or other name, style or firm under which such notes are to be issued; and where any such license shall be granted to persons in partnership, the same shall specify and set forth the names and places of abode of all the persons concerned in the partnership, whether all their names shall appear on the promissory notes to be issued by them, or not ; and in default thereof, such . license shall be absolutely void; and every such license which shall be granted between the tenth day of October and the eleventh day of No

CHITTY ON BILLS.

3P

0000000900000000

APPENDIX. Vember in any year, shall be dated on the eleventh day of October; and every such license, which shall be granted at any other time, shall be dated on the day on which the same shall be granted; and every such license respectively shall have effect and continue in force from the day of the date thereof until the tenth day of October following, both inclusive.

four licen

No banker XXV. Provided always, and be it further enacted, That no banker to take out or bankers, person or persons, shall be obliged to take out more than more than four licenses in all for any number of towns or places in Scotland; ses for any and in case any banker or bankers, person or persons shall issue such number of promissory notes as aforesaid, by themselves or their agents, at more in than four different towns or places in Scotland, then after taking out Scotland. three distant licenses for three of such towns or places, such banker or bankers, person or persons, shall be entitled to have all the rest of such towns or places included in a four license.

towns

In what

XXVI. Provided also, and be it further enacted, That where any case sever-banker or bankers person or persons, applying for a license under this al towns in- act, would, under the said act of the forty eighth year of His Majesty's cluded in reign, have been entitled to have two or more towns or places in Engone license, land, included in one license, if this act had not been made, such [546 banker or bankers, person or persons, shall have and be entitled to the

notes deli

like privilege under this act.

On apply- XXVII. And be it further enacted, That the banker or bankers, or ing for li- other person or persons applying for any such license as aforesaid, shall censes, spe- produce and leave with the proper officer, a specimen of the promissory cimens of. notes proposed to be issued by him or them, to the intent that the livered. cense may be framed accordingly; and if any banker or bankers, or other person or persons (except the said Governor and Company of the Issuing Bank of England) shall issue or cause to be issued by any agent, any promissory note for money payable to the bearer on demand, hereby charged with a duty, and allowed to be re-issued as aforesaid, without being licensed so to do in manner aforesaid, or at any other town or place, or under any other name, style, or firm, than shall be specified in his or their license, the banker or bankers, or other person or persons so offending, shall, for every such offence, forfeit the sum of one Penalty, hundred pounds.

out license.

withstand

Licenses to XXXVIII. And be it further enacted, That where any such license continue in as aforesaid shall be granted to any persons in partnership, the same force not shall continue in force for the issuing of promissory notes duly stamped, ing altera- under the name, style, or firm, therein specified, until the tenth day of tion in part- October inclusive following the date thereof, notwithstanding any altenerships. ration in the partnership.

Promissory XXIX. And be it further enacted, That from and after the passing notes made of this act, promissory notes for the payment of money to the bearer out of G. B. on demand, made out of Great Britain, or purporting to be made by or able unless on the behalf of any person or persons residing out of Great Britain, stamped. shall not be negotiable or be negotiated, or circulated or paid in Great

not negoti

Britain, whether the same shall be made payable in Great Britain or not, unless the same shall have paid such duty, and be stamped in such

a 48 Geo. 3 c. 149.'s 17.

.&c. such

notes, &c.

manner, as the law requires for promissory notes of the like tenor and APPENDIX. value made in Great Britain; and if any person or persons shall circulate or negotiate, or offer in payment, or shall receive or take in pay- Circulating. ment any such promissory note, or shall demand or receive payment of the whole or any part of the money mentioned in such promissory note, [ 547 ] from or on account of the drawer thereof, in Great Britain, the same not being duly stamped as aforesaid; or if any person or persons in Great Britain shall pay or cause to be paid the sum of money expressed in any such note, not being duly stamped as aforesaid, or any part thereof, either as drawer thereof, or in pursuance of any nomination or appointment for that purpose therein contained, the person or persons so offending shall, for every such promissory note, forfeit the sum of twenty pounds: Provided always, that this clause shall not extend to Penalty. promissory notes made payable only in Ireland.

Proviso for
Ireland.

SCHEDULE-PART I.

Duty.

Inland BILL of EXCHANGE, Draft, or Order to the
bearer, or to order, either on demand or otherwise,
not exceeding two months after date, or sixty days af-
ter sight, of any sum of money,

Amounting to 408. and not exceeding 51. 5s.
Exceeding 51. 58. and not exceeding 201.
Exceeding 201. and not exceeding 301.
Exceeding 301. and not exceeding 50%.
Exceeding 50l. and not exceeding 1007.
Exceeding 100l. and not exceeding 2001.
Exceeding 2001. and not exceeding 3007.
Exceeding 300l. and not exceeding 5007.
Exceeding 500l. and not exceeding 1,000l.
Exceeding 1,000l. and not exceeding 2,000l.
Exceeding 2,000l. and not exceeding 3,000l.
Exceeding 3,000l.

Inland BILL of EXCHANGE, Draft, or Order for the
payment to the bearer, or to order, at the any time ex-
ceeding two months after date, or sixty days after sight,
of any sum of money,

Amounting to 40s. and not exceeding 51. 58.
Exceeding 51. 5s. and not exceeding 201.
Exceeding 201. and not exceeding 30l.
Exceeding 301. and not exceeding 501.
Exceeding 501. and not exceeding 1007.
Exceeding 1001. and not exceeding 2007.
Exceeding 2001. and not exceeding 3007.
Exceeding 3007. and not exceeding 500l.
Exceeding 500l. and not exceeding 1,000l.
Exceeding 1,000l. and not exceeding 2,0007.
Exceeding 2,000l. and not exceeding 3,000l.
Exceeding 3,0007.

APPENDIX. Inland BILL, &c.-continued.

[549]

Inland BILL, Draft, or Order for the payment of any
sum of money though not made payable to the bearer,
or to order, if the same shall be delivered to the
payee, or some person on his or her behalf

Inland BILL, Draft, or Order for the payment of any
sum of money, weekly, monthly, or at any other
stated periods, if made payable to the bearer, or to
order, or if delivered to the payee, or some person on
his or her behalf, where the total amount of the mo-
ney thereby made payable shall be specified therein,
or can be ascertained therefrom

And where the total amount of the money thereby
made payable shall be indefinite

And the following instruments shall be deemed and
taken to be inland bills, drafts, or orders for the pay-
ment of money within the intent and meaning of this
schedule; videlicet,

£ s. d. -The same duty as on a bill of er. change for the like sum payable to bearer or order.

All drafts or orders for the payment of any sum of mo-
ney by a bill or promissory note, or for the delivery
of any such bill or note in payment or satisfaction of
any sum of money; where such drafts or orders shall
require the payment or delivery to be made to the
bearer, or to order, or shall be delivered to the payee,
or some person on his or her behalf.

All receipts given by any banker or bankers, or other
person or persons, for money received, which shall
entitle, or be intended to entitle, the person or per-
sons paying the money, or the bearer of such re-
ceipts, to receive the like sum from any third person

or persons.

. And all bills, drafts, or orders, for the payment of any
sum of money out of any particular fund which may
or may not be available, or upon any condition or
contingency which may or may not be performed or
happen, if the same shall be made payable to the
bearer, or to order, or if the same shall be de-
livered to the payee or some person on his or her
behalf.

Foreign BILL of EXCHANGE (or Bill of Exchange
drawn in but payable out of Great Britain) if drawn
singly and not in a set.

The same duty as on a bill payable to bearer or order on demand for a sum equal to such total amount.

The same duty es on a bill on demand for the sum therein erpressed only.

(The same duty as on an inland bill

Foreign BILLS of Exchange, drawn in sets according to
the custom of merchants, for every bill of each set,

of the same & mount and tenor.

BILL-continued.

where the sum made payable thereby shall not exceed 1002.

And where it shall exceed 1007. and not exceed 2001.

And where it shall exceed 2001. and not exceed
5007.
And where it shall exceed 500l. and not exceed
1,0007.

And where it shall exceed 1,000/. and not exceed
2,000l.

And where it shall exceed 2,000!. and not exceed
3,000l.

And where it shall exceed 5,000Z.

Exemptions from the preceding and all other Stamp

Duties.

All bills of exchange, or Bank post bills, issued by the
Governor and Company of the Bank of England.

All bills, orders, remittance bills, and remittance certificate, drawn by commissioned officers, masters, and surgeons in the navy, or by any commissioner or commissioners of the navy, under the authority of the act passed in the 35th year of His Majesty's reign, for the more expeditious Payment of the Wages and Pay of certain Officers belonging to the Navy.

All bills drawn pursuant to any former act or acts of Parliament by the commissioners of the navy or by the commissioners for victualling the navy, or by the commissioners for managing the transport service, and for taking care of sick and wounded seamen, upon, and payable by the treasurer of the navy.

All drafts or orders for the payment of any sum of mo-
ney to the bearer on demand, and drawn upon any
banker or bankers, or any person or persons acting
as a banker, who shall reside or transact the business
of a banker, within ten miles of the place where such
drafts or orders shall be issued, provided such place
shall be specified in such drafts or orders; and provi-
ded the same shall bear date on or before the day on
which the same shall be issued; and provided the
same do not direct the payment to be made by bills or
promissory notes.

All bills, for the pay and allowances of His Majesty's
land forces, or for other expenditures liable to be
charged in the public regimental or district accounts,
which shall be drawn according to the forms now
prescribed or hereafter to be prescribed by His Ma-
jesty's orders, by the paymasters of regiments or
corps, or by the chief paymaster, or deputy paymas-
ter, and accountant of the army depot, or by the pay-