- Latest available (Revised)
- Original (As enacted)
There are currently no known outstanding effects for the Bankers (Northern Ireland) Act 1928.
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
An Act to reduce and re-apportion the aggregate amount of the fiduciary bank-note issues of banks in Northern Ireland, and to restrict the circulation in Northern Ireland of notes issued outside the United Kingdom, and otherwise to amend the Bankers (Ireland) Act 1845 in its application to Northern Ireland.
[2nd July 1928]
Whereas by virtue of certificates issued under section eight of theM1 Bankers (Ireland) Act 1845 the aggregate amount of bank-notes which banks in Ireland are authorised to issue in excess of the amount of bank-notes issued by them against gold and silver coin and other currency held by those banks was fixed at six millions, three hundred and fifty-four thousand, four hundred and ninety-four pounds, and such authorised excess issues are hereinafter referred to as “fiduciary note issues”:
And whereas, by an Act of the Parliament of the Irish Free State, called “the Currency Act 1927,” provision is made for the issue within the Irish Free State of currency and bank-notes, and the issue in the Irish Free State of bank-notes other than those authorised by that Act is, from a date (in that Act referred to as “the appointed day”), prohibited:
And whereas, in consequence of the passing of the said Currency Act 1927 it is necessary that the aggregate amount of the fiduciary note issues in Northern Ireland should be reduced:
And whereas the banks specified in the Schedule to this Act are the banks carrying on banking business in Northern Ireland which are entitled to fiduciary note issues, and those banks have agreed with one another and with the Treasury that the aggregate fiduciary note issues in Northern Ireland should be reduced to one million, six hundred and thirty-four thousand pounds, and that that amount should be apportioned amongst the several banks in manner shown in the Schedule to this Act:
And whereas it is expedient to give effect to the said agreement, and to restrict the putting into circulation in Northern Ireland of bank and other notes forming part of the currency of any country outside the United Kingdom, and otherwise to amend theM2 Bankers (Ireland) Act 1845 in its application to Northern Ireland:
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1S. 1 repealed (23.11.2009) by Banking Act 2009 (c. 1), ss. 214(3)(c), 263(1) (with s. 247); S.I. 2009/3000, art. 3
It shall not be lawful for a banker in Northern Ireland to pay out or put in circulation any bank or other notes forming part of the currency of any country outside the United Kingdom, except in such circumstances and to such extent as the Treasury may by any general or special licence authorise; and if any banker pays out or puts into circulation any notes in contravention of this section, he shall for each such note be liable to forfeit the sum of five pounds.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F2S. 3 repealed (23.11.2009) by Banking Act 2009 (c. 1), ss. 214(3)(c), 263(1) (with s. 247); S.I. 2009/3000, art. 3
(1)This Act may be cited as the Bankers (Northern Ireland) Act 1928, and shall be construed as one with the M3Bankers (Ireland) Act 1845, and that Act and this Act may be cited together as the Bankers (Northern Ireland) Acts 1845 and 1928.
(2)In the Bankers (Ireland) Act 1845, references to the Dublin Gazette shall be construed as references to the Belfast Gazette.
(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3
Textual Amendments
F3S. 4(3) repealed by Statute Law Revision Act 1950 (c. 6)
Modifications etc. (not altering text)
C1Unreliable marginal note
Marginal Citations
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F4Sch. repealed (23.11.2009) by Banking Act 2009 (c. 1), ss. 214(3)(c), 263(1) (with s. 247); S.I. 2009/3000, art. 3
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: