XIIIPromissory Notes for 2l. 2s. or less may be reissued indefinitely. Notes above 2l. 2s. and not exceeding 100l. may be re-issued for Three Years. Promissory Notes re-issuable under 44 G. 3. c. 98., and in circulation on Oct. 10, 1808, may be re-issued for certain limited Periods. Penalty on Frauds.
And be it further enacted, That from and after the Tenth Day of October One thousand eight hundred and eight it shall be lawful for any Banker or Bankers, or other Person or Persons, who shall have made and issued any Promissory Notes for the Payment to the Bearer, on Demand, of any Sum of Money not exceeding Two Pounds and Two Shillings each, duly stamped according to the Directions of this Act, to re-issue the same from Time to Time after Payment thereof, as often as he, she, or they shall think fit, without being liable to pay any further Duty in respect thereof; and it shall also be lawful for any Banker or Bankers, or other Person or Persons, who shall have made and issued any Promissory Notes for the Payment to the Bearer, on Demand, of any Sum of Money exceeding Two Pounds and Two Shillings, and not exceeding One hundred Pounds each, duly stamped according to the Directions of this Act, from Time to Time after the Payment thereof, and within the Term of Three Years from the Date thereof, but not afterwards, to re-issue any such Promissory Notes, without being liable to pay any further Duty in respect thereof; and that all Promissory Notes for the Payment to the Bearer, on Demand, of any Sum of Money not exceeding Two Pounds and Two Shillings each, which shall have been actually and bonâ fide issued and in circulation before or upon the said Tenth Day of October One thousand eight hundred and eight, duly stamped according to the said Act of the Forty-fourth Year of His Majesty's Reign, and which shall be then re-issuable within the Intent and Meaning of that Act, shall, if the same shall bear Date before or upon the Twenty-fifth Day of June One thousand eight hundred and six, continue to be re-issuable until the Expiration of Three Years from the Date thereof respectively, but not afterwards, in such and the said Manner as if this Act had not been made, and if the same shall bear Date after the said Twenty-fifth Day of June One thousand eight hundred and six, then the same shall continue to be re-issuable until the Twenty-fourth Day of Jaw, One thousand eight hundred and nine inclusive, but not afterwards ; and all Promissory Notes, for the Payment to the Bearer, on Demand, of any Sum of Money exceeding Two Pounds and Two Shillings, which shall have been actually and bonâ fide issued and in circulation before or upon the Tenth Day of October One thousand eight hundred and eight, duly stamped according to the said Act of the Forty-fourth Year of His Majesty's Reign, and which shall be then re-issuable within the Intent and Meaning of that Act, shall continue re-issuable until the Expiration of Three Years from the Date thereof respectively, but not afterwards, in such and the same Manner as if this Act had not been made; and every such Promissory Note, hereby allowed to be re-issued, after the Payment thereof, shall from Time to Time, after the re-issuing of the same, be as good and valid, and as available in the Law, to all Intents and Purposes, as it was upon the first issuing, and before any Payment thereof; and if any Banker or Bankers, or other Person or Persons, shall at any Time after the said Tenth Day of October, issue or cause to be issued, for the first Time, any Promissory Note for the Payment of Money to the Bearer on Demand, bearing Date before or upon that Day, he, she, or they shall for every such Offence forfeit the Sum of Fifty Pounds.