Page:Halsbury Laws of England v1 1907.pdf/798

 — Bankers and Banking.

576 Sect.

number

of partners was increased indefinitely so long as they had no establishment or place of business less than fifty miles from Dublin (e). In 1845 it was enacted that no person, other than a banker who on May 6, 1844, was lawfully issuing his own notes, should issue bank notes in Ireland (/). Means were prescribed for ascertaining what banks were so entitled and certifying the same, and for fixing the amount of their authorised issue.

4.

Bank

of Ireland.

to be no statutory provisions making notes the Bank of Ireland legal tender, nor would Irish banks of issue appear to be subject to the rule affecting similar English banks that they lose the right by merely ceasing to issue (f/). Bankers, other than the Bank of Ireland, issuing notes, must take out an annual £30 licence (li).

1168. There appear

Points of difference.

of

Sect. Trustee savings banks.

Eules and regulations.

number

Friendly Societies, they are in conformity with law, and they then become binding on the trustees, managers and depositors (k).

submitted

on

of

accounts.

Kestrictions

on amount deposited.

Trustee Savings Banks.

1169. These are institutions established for the receipt of moneys from depositors without any benefit accruing to the trustees or organisers {i). No bank formed after July 28, 1863, can obtain the benefits of the system unless its formation be sanctioned and approved by the Commissioners for the Keduction of the National Debt, or by the Comptroller-General or assistant Comptroller acting on their behalf (j). All rales and regulations and any alteration thereof have to be

who Eestriction

5.

to the central office of the Kegistrar of

certifies that

1170. Depositors can only use one bank at a time, and may not have two accounts at the same bank(Q. Any breach of this rule involves forfeiture of any amount illegally deposited, or of so much thereof as the National Debt Commissioners may think fit (m). Exception is made in case of deposits by friendly societies (?^). With regard to ordinary deposits, not more than £50 can be deposited by any depositor within any one savings bank year, whether any sum has been previously withdrawn or not (o), nor can any deposit be received which would bring the aggregate amount over £200 (p). Apparently, however, interest or dividends on money standing to a depositor's credit or on Government stock or special investments standing to his credit in the bank may be Bankers (Ireland) Act, 1825 (6 Geo. 4, c. 42), s. 2. (/) Bankers (Ireland) Act, 1845 (8 & 9 Vict. c. 37), s. 8. (g) There are no sections in the above Act corresponding to those in the Bank Charter Act, 1844 (7 & 8 Vict. c. 32). {h) Bankers' Composition (Ireland) Act, 1828, (9 Geo. 4, c. 80), ss. 1, 2. (^) Trustee Savings Banks Act, 1863 (26 & 27 Vict. c. 87), s. 2. (e)

s.

(./)

Ihid.

(k)

Ibid.,

s.

4



&

Savings Banks (Barrister) Act, 1876 (39

40 Vict.

2.

Trustee Savings Banks Act, 1863 (26 & 27 Vict. (m) Savings Banks Act, 3891 (54 & 55 Vict. c. 21),

(l)

(ri)

c. s.

87), 12.

Ibid.

Savings Banks Act, ]893 (56 & 57 Vict. c. 69), s. 1. (p) Savings Banks Act, 1891 (54 & 55 Vict. c. 21), s. 11.

(o)

s.

38.

c.

52),