A Handy Book on the Law of Banking: Its Principles, Customs, and Practice, in England, Scotland, and IrelandJames Walter Smith |
From inside the book
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Page 13
... demand of the issue department notes in exchange for gold bullion , at the rate of £ 3 17s . 9d . per ounce of standard gold ; and the bank is compelled to purchase all gold at that price , regardless of the amount offered to them , in ...
... demand of the issue department notes in exchange for gold bullion , at the rate of £ 3 17s . 9d . per ounce of standard gold ; and the bank is compelled to purchase all gold at that price , regardless of the amount offered to them , in ...
Page 18
... demand ; the payment of them by the Bank of England , on presentation , is therefore imperative . Where a note or half - note is lost or destroyed , pay- ment of it , if refused , may nevertheless be compelled by bringing an action at ...
... demand ; the payment of them by the Bank of England , on presentation , is therefore imperative . Where a note or half - note is lost or destroyed , pay- ment of it , if refused , may nevertheless be compelled by bringing an action at ...
Page 20
... demand , must be made payable ( i . e . compulsorily changeable for cash ) at the place where issued ; it is not lawful for the bank , or for any person on its behalf , to issue , at any place out of London , any such notes , not made ...
... demand , must be made payable ( i . e . compulsorily changeable for cash ) at the place where issued ; it is not lawful for the bank , or for any person on its behalf , to issue , at any place out of London , any such notes , not made ...
Page 26
... demand . The bankers , after notice of the bankruptcy , must of course discontinue to honour the customer's cheques , otherwise the whole loss falls upon themselves ; for the assignees would be entitled to recover every sum so paid . 8 ...
... demand . The bankers , after notice of the bankruptcy , must of course discontinue to honour the customer's cheques , otherwise the whole loss falls upon themselves ; for the assignees would be entitled to recover every sum so paid . 8 ...
Page 36
... demand , or to a person named or his " order , " which , when indorsed , becomes payable to bearer on demand . A cheque is therefore an inland bill of exchange payable to bearer on demand , and for this reason requires no acceptance . 2 ...
... demand , or to a person named or his " order , " which , when indorsed , becomes payable to bearer on demand . A cheque is therefore an inland bill of exchange payable to bearer on demand , and for this reason requires no acceptance . 2 ...
Other editions - View all
A Handy Book on the Law of Banking: Its Principles, Customs, and Practice ... James Walter Smith No preview available - 2015 |
A Handy Book On the Law of Banking: Its Principles, Customs, and Practice ... James Walter Smith No preview available - 2018 |
Common terms and phrases
Accounts in Accounts-Current Act of Parliament amount authorised Bank of England Bank of Ireland Bank of Scotland banker banking company banks of issue Barrister-at-Law Bills of Exchange Brokers Cash cent cheque circulation clearing-house clerk cloth corporation creditor crossed customer's debt deposit Discount dishonour dividends Double Entry drawer EFFINGHAM WILSON England notes English entitled Epitome Foreign Exchanges Fourteenth Edition gold guarantie Ham's Revenue holder indorsed Inner Temple Interest Accounts issuing notes Jackson's Book-keeping joint-stock banks Laws and Regulations liability Libel lien London London Fire Brigade Manual of Foreign Marine Insurances notice number of days paid parties partner partnership payment person Post 8vo practice Price 12s price 25s Published annually Receipt ROBERT LUCAS Royal Exchange Scotch banks shareholders shares Shaw's Fire Surveys Stamp Statutes Stock Exchange tender Trade transfer trustee Twelfth Edition United Kingdom Vict WALTER SMITH WILLIAM
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Page 77 - Where a banker in good faith and without negligence receives payment for a customer of a cheque crossed generally or specially to himself, and the customer has no title, or a defective title, thereto, the banker shall not incur any liability to the true owner of the cheque by reason only of having received such payment.
Page 77 - Act, a banker paying the cheque, in good faith and without negligence, shall not be responsible or incur any liability, nor shall the payment be questioned, by reason of the cheque having been crossed, or of the crossing having been obliterated, or having been added to or altered otherwise than as authorised by this Act...