Page:Probate and Legacy Duties Act 1808 (ukpga 18080149 en).pdf/6

1462 emption in favour of Drafts or Orders upon Bankers, or Persons acting as Bankers, contained in the Schedule (A.) annexed to the said Act of the Forty-fourth Year of His Majesty's Reign, or in the Schedule hereunto annexed ; be it further enacted, That any Person or Persons shall, after the Expiration of One Calendar Month from the passing of this Act, issue, or cause to be made and issued, any Bill, Draft, or Order for the Payment of Money, to the Bearer, on Demand, upon any Banker or Bankers, or any Person or Persons acting as a Banker or Bankers, which shall be dated on any Day subsequent to the Day on which it shall be issued, or which shall not truly specify and express the Place where it shall be issued, or which shall not in every respect fall within the said Exemption, unless the same shall be duly stamped as a Bill of Exchange, according to the Law in force when the same shall be issued, the Person or Persons so offending shall for every such Offence forfeit the Sum of One hundred Pounds ; and if any Person or Persons shall knowingly receiving receive or take any such Bill, Draft, or Order in Payment of or as a such Bills or Security for the Sum therein mentioned, he, she, or they shall for every such Offence forfeit the Sum of Twenty Pounds ; and if any Banker or Bankers, or any Person or Persons acting as a Banker, upon whom any such Bill, Draft, or Order shall be drawn, shall pay, or cause or permit to be paid, the Sum of Money therein expressed, or any Part thereof, knowing the same to be post-dated, or knowing that the Place where it was issued is not truly specified and set forth therein, or knowing that the same does not, in any other respect, fall within the said Exemption, then the Banker or Bankers, or Person or Persons so offending shall for every such Offence forfeit the Sum of One hundred Pounds, and moreover shall not be allowed the Money so paid, or any Part thereof, in account against the Person or Persons by or for whom such Bill, Draft, or Order shall be drawn, or his, her, or their Executors or Administrators, or his her, or their Assignees or Creditors, in case of Bankruptcy or Insolvency, or any other Person or Persons claiming under him, her, or them.

XIII. And be it further enacted, That from and after the Tenth Day October One thousand eight hundred and eight it shall be lawful for any Banker or Bankers, or other Person or Persons, who shall have made and issued any Promissory Notes for the Payment to the Bearer, on Demand, of any Sum of Money not exceeding Two Pounds and Two Shillings each, duly stamped according to the Directions of this Act, to re-issue the same from Time to Time after Payment thereof, as often as he, she, or they shall think fit, without being liable to pay any further Duty in respect thereof;  and it shall also be lawful for any Banker or Bankers, or other Person or Persons, who shall have made and issued any Promissory Notes for the Payment to the Bearer, on Demand, of any Sum of Money exceeding Two Pounds and Two Shillings, and not exceeding One hundred Pounds each, duly stamped according to the Directions of this Act, from Time to Time after the Payment thereof, and within the Term of Three Years from the Date thereof, but not afterwards, to re-issue any such Promissory Notes, without being liable to pay any further Duty in respect thereof ;  and that all Promissory Notes for the Payment to the Bearer,  reissuable under on Demand, of any Sum of Money not exceeding Two Pounds and Two Shillings each, which shall have been actually and bonâ fide issued and in