Bank Notes (Scotland) Act 1845

  1. Introductory Text

  2. II.Provision for united Banks.

  3. III.Duplicate of Certificate to be published in the Gazette.

  4. IV.Incase Banks become united, Commissioners fro certify the Amount of Bank Notes which each Bank was authorized to issue.

  5. V.Issue of Notes for fractional Parts of a Pound prohibited.

  6. VI.Limitation of Bank Notes in Circulation.

  7. VII.Issuing Banks to render Accounts weekly.

  8. VIII.What shall be deemed to be Bank Notes in Circulation.

  9. IX.Commissioners of Stamps and Taxes to make a monthly Return.

  10. X.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.

  11. XI.In taking the Account of Coin held by Bankers, Silver Coin not to exceed the Proportion of One Fourth of Gold.

  12. XII.Commissioners of Stamps and Taxes empowered to cause the Books of Bankers containing Accounts of their Bank Notes in Circulation, and of Gold Coin, to be inspected.

  13. XIII.All Bankers to return their Names once a Year to the Stamp Office.

  14. XIV.Penalty on Banks issuing in excess.

  15. XV.Bank of England Notes not a legal Tender in Scotland.

  16. XVI.Notes for less than 20s. not negotiable in Scotland.

  17. XVII.Notes of 20s., or above, and less than 5l., to be drawn in, certain Form.

  18. XVIII.Penalty for Persons, other than Bankers hereby authorized, issuing Notes payable on demand for less than 51.

  19. XIX.Penalty for Persons, other than Bankers hereby authorized, uttering or negotiating Notes, Bills of Exchange, &c. transferable, for Payment of 20s. or less than 5l.

  20. XX.Not to prohibit Checks on Bankers.

  21. XXI.Mode of recovering Penalties.

  22. XXII.Interpretation of Act.

  23. XXIII.Alteration of Act.

    1. Schedule A

      1. I ______________________________________ being [the Banker, Chief Cashier, Managing Director, or...

    2. Schedule B

      1. I hereby certify, That each of the Bankers named in...

    3. Schedule C

      [Place] [Day] [Month] [Year]

      1. Twenty-one Days after Date I promise to pay to A.B....

      2. And the Endorsement, toties quoties

        1. [Day] [Month] [Year] Pay the Contents to G.H. of [Place],...

    4. Schedule D

      [Place] [Day] [Month] [Year]

      1. Twenty-one Days after Date pay to A.B. of [Place], or...

      2. And the Endorsement, toties quoties

        1. [Day] [Month] [Year] Pay the Contents to J.K. of [Place],...