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Bank Notes (Ireland) Act 1920

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Bank Notes (Ireland) Act 1920

1920 CHAPTER 24

An Act to amend the Law with respect to the Place of Payment of Notes issued by Banks of Issue in Ireland.

[4th August 1920]

Be it enactedby the King's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—

1Place of payment of bank notes.

(1)A bank of issue in Ireland shall not be under any obligation to pay on demand any of its notes bearing date before the commencement of this Act except at the head office in Ireland of the Bank, notwithstanding that the notes were issued and are expressed to be payable at some other place, or to pay on demand any of its notes bearing date after the commencement of this Act, wherever issued, except at the place at which those notes are expressed to be payable.

(2)The Bank Notes (Ireland) Act, 1828 (which makes bank notes issued by banks of issue in Ireland payable at the place where they are issued), and section one of the Bank Notes (Ireland) Act, 1830 (which authorises banks of issue in Ireland to pay their notes in Dublin), are hereby repealed.

(3)In this Act the expression " banks of issue" means any bank having power for the time being to issue bank notes.

Short title.

2This Act may be cited as the Bank Notes (Ireland) Act, 1920, and the Bank Notes (Ireland) Acts, 1828 to 1864, and this Act may be cited together as the Bank Notes (Ireland) Acts, 1828 to 1920.

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