Bank Notes (Scotland) Act 1845
1845 CHAPTER 38 8 and 9 Vict
An Act to regulate the Issue of Bank Notes in Scotland.
[21st July 1845]
Modifications etc. (not altering text)
C1Short title given by Short Titles Act 1896 (c. 14) Act amended by Stamp Act 1854 (c. 83), s. 11 and Coinage Act 1971 (c. 24), s. 12(2), Sch. 2
C2Preamble omitted under authority of Statute Law Revision Act 1891 (c. 67)
F11 Commissioners to certify existing banks of issue and limitation of issue. U.K.
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Textual Amendments
F1S. 1 repealed (23.11.2009) by Banking Act 2009 (c. 1), ss. 212(a), 214(2)(a), 263(1) (with s. 247); S.I. 2009/3000, art. 3
2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2U.K.
Textual Amendments
F2S. 2 repealed by Statute Law Revision Act 1892 (c. 19)
F33 Duplicate of certificate to be published in the Gazette. Gazette to be evidence. U.K.
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Textual Amendments
F3Ss. 3-12 repealed (23.11.2009) by Banking Act 2009 (c. 1), ss. 214(2)(a), 263(1) (with s. 247); S.I. 2009/3000, art. 3
Modifications etc. (not altering text)
C3 “such particulars as they are hereinbefore required to certify” means the amount certified under s. 1
F34 In case banks become united, commissioners to certify the amount of bank notes which each bank was authorized to issue.U.K.
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Textual Amendments
F3Ss. 3-12 repealed (23.11.2009) by Banking Act 2009 (c. 1), ss. 214(2)(a), 263(1) (with s. 247); S.I. 2009/3000, art. 3
F35 Issue of notes for fractional parts of a pound prohibited.U.K.
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Textual Amendments
F3Ss. 3-12 repealed (23.11.2009) by Banking Act 2009 (c. 1), ss. 214(2)(a), 263(1) (with s. 247); S.I. 2009/3000, art. 3
F36 Limitation of bank notes in circulation.U.K.
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Textual Amendments
F3Ss. 3-12 repealed (23.11.2009) by Banking Act 2009 (c. 1), ss. 214(2)(a), 263(1) (with s. 247); S.I. 2009/3000, art. 3
F37 Issuing banks to render accounts weekly. U.K.
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Textual Amendments
F3Ss. 3-12 repealed (23.11.2009) by Banking Act 2009 (c. 1), ss. 214(2)(a), 263(1) (with s. 247); S.I. 2009/3000, art. 3
Modifications etc. (not altering text)
C4S. 7 modified by S.R.&O. 1946/2028 (Rev. IV, p. 534: 1946 I, p. 294)
F38 What shall be deemed to be bank notes in circulationU.K.
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Textual Amendments
F3Ss. 3-12 repealed (23.11.2009) by Banking Act 2009 (c. 1), ss. 214(2)(a), 263(1) (with s. 247); S.I. 2009/3000, art. 3
F39 Commissioners of stamps and taxes to make a monthly return. U.K.
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Textual Amendments
F3Ss. 3-12 repealed (23.11.2009) by Banking Act 2009 (c. 1), ss. 214(2)(a), 263(1) (with s. 247); S.I. 2009/3000, art. 3
Modifications etc. (not altering text)
C5S. 9 modified by S.R.&O. 1946/2028 (Rev. IV, p. 534: 1946 I, p. 294)
F310 Mode of ascertaining the average amount of bank notes of each banker in circulation and gold coin, during the first four weeks after 31st December 1845. U.K.
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Textual Amendments
F3Ss. 3-12 repealed (23.11.2009) by Banking Act 2009 (c. 1), ss. 214(2)(a), 263(1) (with s. 247); S.I. 2009/3000, art. 3
Modifications etc. (not altering text)
C6S. 10 modified by S.R.&O. 1946/2028 (Rev. IV, p. 534: 1946 I, p. 294)
F311 In taking the account of coin held by bankers, silver coin not to exceed the proportion of one fourth of gold. U.K.
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Textual Amendments
F3Ss. 3-12 repealed (23.11.2009) by Banking Act 2009 (c. 1), ss. 214(2)(a), 263(1) (with s. 247); S.I. 2009/3000, art. 3
Modifications etc. (not altering text)
C7S. 11 modified by S.R.&O. 1946/2028 (Rev. IV, p. 534: 1946 I, p. 294)
F312[F4Commissioners of inland revenue] empowered to cause the books of bankers containing accounts of their bank notes in circulation, and of gold coin, to be inspected. Penalty for refusing to allow such inspectionU.K.
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Textual Amendments
F3Ss. 3-12 repealed (23.11.2009) by Banking Act 2009 (c. 1), ss. 214(2)(a), 263(1) (with s. 247); S.I. 2009/3000, art. 3
F4Words substituted by virtue of Inland Revenue Regulation Act 1890 (c. 21), s. 37(2)
Modifications etc. (not altering text)
C8S. 12 modified by S.R.&O. 1946/2028 (Rev. IV, p. 534: 1946 I, p. 294)
C9Recital omitted under authority of Statute Law Revision Act 1891 (c. 67)
13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F5U.K.
Textual Amendments
F5S. 13 repealed by Banking Act 1979 (c. 37, SIF 10), s. 51(2), Sch. 7
F614 Penalty on banks issuing in excess.U.K.
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Textual Amendments
F6S. 14 repealed (23.11.2009) by Banking Act 2009 (c. 1), ss. 214(2)(a), 263(1) (with s. 247); S.I. 2009/3000, art. 3
15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F7U.K.
Textual Amendments
F7S. 15 repealed by Currency and Bank Notes Act 1954 (c. 12), s. 4(2)
16 Notes for less than 20s. not negotiable in Scotland.U.K.
All promissory or other notes, bills of exchange, or drafts, or undertakings in writing, being negotiable or transferable, for the payment of any sum or sums of money, or any orders, notes, or undertakings in writing, being negotiable or transferable, for the delivery of any goods, specifying their value in money less than the sum of [F8one pound] in the whole, heretofore made or issued, or which shall hereafter be made or issued in Scotland, shall be and the same are hereby declared to be absolutely void and of no effect, any law, statute, usage, or custom to the contrary thereof in anywise notwithstanding; and if any person or persons shall by any art, device, or means whatsoever, publish or utter in Scotland any such notes, bills, drafts, or engagements as aforesaid for a less sum than [F8one pound] , or on which less than the sum of [F8one pound] shall be due, and which shall be in anywise negotiable or transferable, or shall negotiate or transfer the same in Scotland, every such person shall forfeit and pay for every such offence any sum not exceeding twenty pounds nor less than five pounds, at the discretion of the justice of the peace who shall hear and determine such offence.
Textual Amendments
F8Words substituted by virtue of Decimal Currency Act 1969 (c. 19), s. 10(1)
17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F9U.K.
Textual Amendments
F9S. 17 repealed by Promissory Notes Act 1863 (c. 105), s. 1
18 Penalty for persons, other than bankers hereby authorized, issuing notes payable on demand for less than 5l.U.K.
If any body politic or corporate or any person or persons shall make, sign, issue, or re-issue in Scotland any promissory note payable on demand to the bearer thereof for any sum of money less than the sum of five pounds, [F10 except banknotes issued in reliance on section 213 of the Banking Act 2009 ], then and in either of such cases every such body politic or corporate or person or persons so making, signing, issuing, or re-issuing any such promissory note as aforesaid, except as aforesaid, shall for every such note so made, signed, issued, or re-issued forfeit the sum of twenty pounds.
Textual Amendments
F10Words in s. 18 substituted (23.11.2009) by Banking Act 2009 (c. 1), ss. 214(2)(b), 263(1) (with s. 247); S.I. 2009/3000, art. 3
19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F11U.K.
Textual Amendments
F11S. 19 repealed by Statute Law (Repeals) Act 1971 (c. 52), Sch. Pt. III
F1220 Not to prohibit checks on bankers.U.K.
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Textual Amendments
F12S. 20 repealed (23.11.2009) by Banking Act 2009 (c. 1), ss. 214(2)(a), 263(1) (with s. 247); S.I. 2009/3000, art. 3
21 Mode of recovering penalties.U.K.
All pecuniary penalties under this Act may be sued or prosecuted for and recovered . . . F13, in respect of any penalty not exceeding twenty pounds, by information or complaint before one or more justice or justices of the peace in Scotland, in such and the same manner as any other penalties imposed by any of the laws now in force relating to the duties under the management of the [F14commissioners of inland revenue] ; . . . F13
Textual Amendments
F13Words repealed by Statute Law Revision Act 1892 (c. 19)
F14Words substituted by virtue of Inland Revenue Regulation Act 1890 (c. 21), s. 37(2)
22 Interpretation of Act.U.K.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F15 in this Act. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F15 the term “ banker” shall extend and apply to all corporations, societies, partnerships, and persons, and every individual person carrying on the business of banking, whether by the issue of bank notes or otherwise; and the word “ person” used in this Act shall include corporations; and the word “ coin” shall mean the coin of this realm; and the singular number in this Act shall include the plural, and the plural number the singular, except where there is anything in the context repugnant to such construction; and the masculine gender in this Act shall include the feminine, except where there is anything in the context repugnant to such construction.
Textual Amendments
F15Words repealed by Statute Law Revision (No. 2) Act 1893 (c. 54)
23. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F16U.K.
Textual Amendments
F16S. 23 repealed by Statute Law Revision Act 1875 (c. 66)
schedules to which this act refers
Section 7
F17 schedule (A)U.K.
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Textual Amendments
F17Sch. A repealed (23.11.2009) by Banking Act 2009 (c. 1), ss. 214(2)(a), 263(1) (with s. 247); S.I. 2009/3000, art. 3
Section 9
F18Schedule (B)U.K.
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Textual Amendments
F18Sch. B repealed (23.11.2009) by Banking Act 2009 (c. 1), ss. 214(2)(a), 263(1) (with s. 247); S.I. 2009/3000, art. 3
F19F19SCHEDULE (C), (D)U.K.
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Textual Amendments
F19Schs. (C.), (D.) repealed by Promissory Notes Act 1863 (c. 105), s. 1