The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-12-03

70 certify, also publish Q duplicate OF their certificate
ehoreof IN the next succeeding London Gazette in which
N which such publication shall be made shall be concu
ave evidence in all courts whatsoever OF the amount OF
bank notes which tho banker named In such certificate OF
duplicate by law authorized to issue and TO have In c
eulaton as aforesaid.
ls And be il enacted, that in il shall be made TO
appear Commissioners Of stamps and Taxes ~ any
time hereafter that any two or more DanKs each such
hank consisting Of not more than SIX persons nave W
ment shall DO produced tho said Commissoners) be-
united subsequently 70 the passing OF TINS act
shall lawful TO the said Commissioners upon the appi
cation OF such united bank to certify in manner herein
before mentioned the aggregate OF the amounts OF bank
notes which such separate banks were previously autno
certificate shall be published IN manner hereinbefore d.
rected from and after such publication the amount
therein stated shall be- and be deemed to be- the limit OF
she amount OF bank notes which such united bank may
have in circulation provided always that shall not be
lawful any such united bank to issue bank notes any
after the number OF partners therein shall exceed six
N the whole.
H. And be enacted that il the monthly average cir
sulaon OF bank notes Of any banker taken in the
ner hereinafter directed, shall nj any time exceed the
amount which such banker authorized TO issue and to
have in circulation under the provisions of this act such
banker shall in every such forfeit equal to the
amount by which the average monthly circulation taken
aforesaid shall have exceeded the amount which such
banker was authorized to issue and TO have in circulation
aforesaid
49, And be il enacted that every banker in England
and Wales who, after the tenth day OF October thou
sand eight hundred and forty four shall issue bank notes,
shall day every week after the nineteenth
day Of October thousand eight hundred and forty
such day 70 be fixed by the Commissioners OF Stamps
and Taxe transmit TO the said Commissioners an account
Of the amount Of the Of such banker in crcua
ton on every day during the week ending on the next
preceding Saturday and also an account OF the average
amount of the bank notes OF such banker IN circulation
during the week and completing the first period
Of four weeks and so on completing each successive Pc
Rod of four weeks every such banker shall annex 70 sach
Of bank notes OF such banker
~ circulation during the said four weeks, and also the
amount bank notes which such banker authorized TO
of NO arta nd xary Sp4hA
count shall verified by the signature Of such banker or
his chief cashier in the OF company or partner
snip by the signature of managing director or partner,
chief cashier Of such company or partnership and shall
be made the form to this act annexed marked b. and
much Of the said return as states the weekly average
amount of the Of such bank shall be published by
the said Commissioners in the next succeeding London
Gdzee in which the same may be conveniently inserted;
and any such banker shall neglect or refuse to render
any such the form and at the time required by
this shall at any time render false account such
banker shall forfeit the sum OF one hundred pounds for
every such offence.
10 And enacted that for the purpose Of ascertain
ing the monthly average amount OF bank notes OF each
banker in circulation the aggregate of the amount Of bank
of each such banker in circulation on every day OF
business during the first complete period OF four weeks
after the tenth day of October one thousand eight
hundred and forty four, such period ending Satar
day shall divided by the number of days OF business
N such four weeks and the average ascertained shall
deemed TO be the average OF bank notes OF each such
banker circulation during such period OF four wccks
and in each successive period Of four weeks and such
average is exceed the amount certified by the Com
nissioners OF Stamps and Taxes as aforesaid
20 And whereas, in order to insure the rendering OF
ue and faithful of the amount Of bank notes in
circulation as directed by this act necessary that the
commissioners Of stamps and Taxes should be empowered
10 cause the books bankers issuing such notes be in
specte as hereinafter mentonedbe therefore enact
ed that all and the book and books OF any banker
who shall issue bank notes under the provisions oil TINS
act in which shall be kept contained or entered any ac
count minute memorandum of or relating to the bank
notes be issued by such banker or of or re-
hating 10 the of such notes i'll circulation from time
10 time or any account, minute memorandum, the
sight inspection whereof may tend to secure the rem
derng OF true of the amount OF such
notes in circulation directed by this act to test the
truth any such account shall be open for the nspec
ton and examination at all seasonaoie times, OF any ON
Ger of stamp duties authorized in that behalf by writing,
sgned by the Commissioners Of Stamps and Taxes or any
two them and every such officer shall be at liberty 70
take copies OF extracts from any such book or account
rs aforesaid and any banker other person keeping
any such book having the custody or possession there
o. or power TO produce the same, shall, upon demand
made by any such showing or reqnircd his autho
rMy that behalf refuse 10 produce any such book To
such officer FOR his inspection and examination or per-
INIT him 10 inspect examine the same, 70 take copies
thereof thcrefrom OF or from any such nc
count memorandum as aforesaid kept contain
ed or entered therein every such banker or other per-
son so offending shall for every such offence forfeit the
sum OF one hundred pounds provided always that the said
commissioner shall not exercise the powers aforesaid with
the consent Of the Commissioners OF her hajesys
Treasury.
Wales who is carrying shall hereafter carry on
business SUCH shall ON the first day of January IN each
year, within fifteen days thereafter make return 70
the OF Stamps and Taxes at their head OF
Ace in London OF his namc residence and occupation or,
N the OF company or partnership oil the name, re-
sence and occupation OF every person composing OF pc
nv a member 81 such company partnership, and also
the name the firm under which such such banker com
many or parnershp carry the business Of banking and
or every place where such business Is carried on and "
sny such banker, company or partnership shall omit or
refuse to make such return within heen days aer lne
than true return Of the persons as herein required
every banker company or partnership 50 Offending shai
forfeit and pay the Of nty pounds ana the SAID Com
missioucrs Of stamps and Taxes shall, beone the
Hrst day OF March every year. publish IN some news
paper circulating within each town ar county respectively
copy the returns made by every banker company
or partnership carrying the business of bankers within
such town or county respectively a. inc case may oe
~ And he II enacted that every bapker who shall De
liable by law 10 take out license from the Commission
srs Of stamps and Taxes to authorize the issuing Of notes
or bills shalt take out separate and dafnct license Tor
every town or place which he shall by himself or hs
agent issue any notes bills requiring such license 10
anhoriyc the issuing thereof anything IN any former act
.oninned 60 the contrary thereof notwhs landing pro
yidGd always that banker who, ON or before the sxh
day OF May one thousand eight hundred ana iory iau.
had taken four such licenses which on the SAID last
mentioned day respectively in force, Tor the issuing
Of any such bills at more than four separate towns
or places shall any time hereafter be required To take
su or 10 have In and the same time more
than four such licenses to authorize the ISSUING 81 suc
soes or bills all any Of the same towns or places
sncciaed N such licenses IN force said sixth day May.
one thousand eight hundred and forty four aud ~ which
towns or places respectively such bankers had on or be-
fore the said last mentioned day, issued such notes or
bills pursuance OF such licenses or any oil them respee
lively. - -, =. a..
p<heue hcreuuto annexed marked e. have ceased TO s
sue their own bank under certain agreements Win
e Governor and Company of the Bank Of England and u
cxpcdicnt that such should cease aud deter
mine the thirty nrst day ~ December next AMI mat
such banker SHOULD receive by OF compensation such
composition hereafter mentioned, aud let 81 such
bankers, and statement Of the maximum sums IN re-
spect which each such banker v TO receive compensa
ton hath delivered 10 the Commissioner 81 stamps
signed by the chief cashier OF the Bank u Eng
and-bc therefore enacted that the several agreements
sting between the said Governor aud Company and
the mentioned IN tho schedule hereto rel
aung the cc Bank Of England notes shall cease and
determine ON thirty first day Of December next and from
and after that the said Governor and Company shall
nav and allow ~ the several bankers named IN the sche
nc hereto marked c. long ne such bankers shall be
willing receive the same, composition az ard after the
rate pound per centm per annun on inc average
amount Of the bank of England issued bs such bank