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Stamp Act 1815

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This is the original version (as it was originally enacted).

XIXNotes re-issuable for a limited Period to be cancelled on Payment afterwards; and Notes not re-issuable to be cancelled immediately on Payment.

And be it further enacted, That ail Promissory Notes hereby allowed to continue re-issuable for a limited Period, but not afterwards, shall upon the Payment thereof at any Time after the Expiration of such Period, and all Promissory Notes, Bills of Exchange, Drafts, or Orders for Money not hereby allowed to be re-issued shall upon any Payment thereof be deemed and taken respectively to be thereupon wholly discharged, vacated, and certified, and shall be no longer negotiable or available in any Manner whatsoever, but shall be forthwith cancelled by the Person or Persons paying the same ; and if any Person or Persons shall re-issue or cause or permit to be re-issued any Promissory Note hereby allowed to be re-issued for a limited Period as aforesaid, at any Time after the Expiration of the Term or Period allowed for that Purpose ; or if any Person or Persons shall re-issue or cause or permit to be re-issued any Promissory Note, Bill of Exchange, Draft, or Order for Money not hereby allowed to be re-issued at any Time after the Payment thereof; or if any Person or Persons paying or causing to be paid any such Note, Bill, Draft, or Order as aforesaid shall refuse or neglect to cancel the same according to the Directions of this Act; then and in either of those Cases the Person or Persons so offending shall for every such Note, Bill, Draft, or Order as aforesaid forfeit the Sum of Fifty Pounds; and in case of any such Note, Bill, Draft, or Order being re-issued contrary to the Intent and Meaning of this Act, the Person or Persons re-issuing the same, or causing or permitting the same to be re-issued, shall also be answerable and accountable to His Majesty, His Heirs and Successors, for a further Duty in respect of every such Note, Bill, Draft, or Order of such and the same Amount as would have been chargeable thereon in case the same had been then issued for the first Time, and so from Time to Time as often as the same shall be so re-issued; which further Duty shall and may be sued for and recovered accordingly as a Debt to His Majesty, His Heirs and Successors; and if any Person or Persons shall receive or take any such Note, Bill, Draft, or Order in Payment of or as a Security for the Sum therein expressed, knowing the same to be re-issued contrary to the Intent and Meaning of this Act, he, she, or they shall for every such Note, Bill, Draft, or Order forfeit the Sum of Twenty Pounds.

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