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Bank to establish a separate Department for the Issue of Notes.
III.Proportion of Silver Bullion to be retained in the Issue Department.
IV.All Persons may demand of the Issue Department Notes for Gold Bullion.
V.Power to increase Securities in the Issue Department, and issue additional Notes.
VII.Bank of England exempted from Stamp Duty upon their Notes.
IX.Bank to allow the Public the Profits of increased Circulation.
XIII.Existing Banks of Issue to continue, under certain Limitations.
XVI.In case Banks become united, Commissioners to certify the Amount of Bank Notes which each Bank was authorized to issue.
XIX.Mode of ascertaining the average Amount of Bank Notes of each Banker in circulation during the first Four Weeks after 10th October 1844.
XX.Commissioners of Stamps and Taxes empowered to cause the Books of Bankers containing Accounts of their Bank Notes in circulation to be inspected. Penalty for refusing to allow such Inspection.
XXI.All Bankers to return Names once a Tear to the Stamp Office.
XXII.Bankers to take out a separate Licence for every Place at which they issue Notes or Bills. Proviso in favour of Bankers who had Four such Licences in force on the 6th May 1844.
XXIII.Compensation to certain Bankers named in the Schedule.
XXIV.Bank of England to be allowed to compound with Issuing Banks. Limitation of Compositions.
XXVI.Banks within Sixty-five Miles of London may accept, &c. Bills.
SCHEDULES to which the Act refers.
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