The Cormorant of Threadneedle Street

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The author, 1875 - Banking law - 126 pages

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Page 114 - ... partner or member therefrom : Provided always, that it shall not be lawful for any company or partnership now consisting of only six or less than six persons, to issue bank notes at any time after the number of partners therein shall exceed six in the whole.
Page 117 - ... the amount of bank notes which the banker so ceasing to issue may have been authorized to issue under the provisions of this Act ; and every such order in council shall be published in the next succeeding London Gazette.
Page 114 - Act it shall not be lawful for any Banker to draw, accept, make, or issue, in England or Wales, any Bill of Exchange or Promissory Note or Engagement for the Payment of Money payable to Bearer on Demand...
Page 118 - ... every such banker or other person so offending shall for every such offence forfeit the sum of One hundred pounds : Provided always, that the said commissioners shall not exercise the powers aforesaid without the consent of the Commissioners of Her Majesty's Treasury.
Page 110 - England notes, either into the Banking Department of the Bank of England, or to any persons or person whatsoever, save in exchange for other Bank of England notes, or for gold coin or for gold or silver bullion received or purchased for the...
Page 111 - ... empower the said governor and company, to increase the amount of securities in the said issue department beyond the total sum or value of fourteen million pounds, and thereupon to issue additional Bank of England notes -to an amount not exceeding such increased amount of securities specified in such order in council, and so from, time to time: provided always, that such increased amount of securities specified in such order in council, shall in no case exceed the proportion of...
Page 118 - Firm under which such Banker, Company, or Partnership carry on ; the Business of Banking, and of every Place where such Business is carried on ; and if any such Banker, Company, or Partnership shall omit or refuse to make such Return within Fifteen Days after the said...
Page 112 - ... the said Governor and Company of the Bank of England shall be released and discharged from the Payment of any Stamp Duty, or Composition in respect of Stamp Duty, upon or in respect of their Promissory Notes payable to Bearer on Demand; and all such Notes shall thenceforth be and continue free and wholly exempt from all Liability to any Stamp Duty whatsoever.
Page 109 - An Act to regulate the Issue of Bank Notes, and for giving to the Governor and Company of the Bank of England certain Privileges for a limited Period.
Page 122 - And be it enacted, that the said Governor and Company of the Bank of England shall have and enjoy such exclusive Privilege of Banking as is given by this Act, upon such terms and conditions, and subject to the termination thereof at such time and in such manner as is by this Act provided and specified ; and all and every the powers and authorities, franchises, privileges and advantages, given or...

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