ascertained therefrom-the same duty as on a bill payable to bearer, or order on demand, for a sum equal to such total amount.
And where the total amount of the money thereby made payable shall be indefinite—the same duty as on a bill on demand, for the sum therein expressed only.
And the following instruments shall be deemed and
taken to be inland bills, drafts or orders for the pay-
ment of money, within the intent and meaning of this
schedule, viz.:
All drafts or orders for the payment of any sum of
money, by a bill or promissory note, or for the deli-
very of any such bill or note in payment or satisfac-
tion of any sum of money, where such drafts or orders
shall require the payment or delivery to be made to
the bearer, or to order, or shall be delivered to the
payee, or some person on his or her behalf;
All receipts given by any banker or bankers, or other
person or persons, for money received, which shall
entitle, or be intended to entitle, the person or persons
paying the money, or the bearer of such receipts, to
receive the like sum from any third person or per-
And all bills, drafts or orders for the payment of any
sum of money out of any particular fund, which may
or may not be available, or upon any condition or
contingency which may or may not be performed or
happen, if the same shall be made payable to the
bearer, or to order, or if the same shall be delivered
to the payee, or some person on his or her behalf.
FOREIGN BILL OF EXCHANGE (or bill of exchange
drawn in, but payable out of, Great Britain), if drawn
singly, and not in a set-the same duty as on an in-
land bill of the same amount and tenor.
Foreign bills of exchange, drawn in sets, according to
the custom of merchants, for every bill of each set,
where the sum made payable thereby shall not exceed £ s. d.
1007.
And where it shall exceed 1007., and not exceed
2001.
Where it shall exceed 2001., and not exceed 5007. 0 4 0
Where it shall exceed 5007., and not exceed 1,000l. O 5
Where it shall exceed 1,000l., and not exceed 2,000l. 0 7 6
Where it shall exceed 2,000l., and not exceed 3,000l. 0 10 0
Where it shall exceed 3,000l.
Exemptions from the preceding and all other Stamp
All bills of exchange, or bank post-bills, issued by the
governor and company of the Bank of England.
All bills, orders, remittance bills, and remittance certifi-
cates, drawn by commissioned officers, masters, and
55 Geo. 3. c. 184. 35 Geo. 3, c. 49.
surgeons in the navy, or by any commissioner, or com-
missioners of the navy, under the authority of the act
passed in the thirty-fifth year of his Majesty's reign,
for the more expeditious payment of the wages and
pay of certain officers belonging to the navy.
All bills drawn pursuant to any former act or acts of
Parliament, by the commissioners of the navy, or by
the commissioners for victualling the navy, or by
the commissioners for managing the transport service,
and for taking care of sick and wounded seamen,
upon, and payable by, the treasurer of the navy.
All drafts or orders for the payment of any sum of
money to the bearer on demand, and drawn upon any
banker or bankers, or any person or persons acting
as a banker, who shall reside, or transact the business
of a banker, within ten miles of the place where such
drafts or orders shall be issued, provided such place
shall be specified in such drafts or orders, and pro-
vided the same shall bear date on or before the day
on which the same shall be issued, and provided the
same do not direct the payment to be made by bills
or promissory notes.
All bills for the pay and allowances of his Majesty's
land forces, or for other expenditures liable to be
charged in the public regimental or district accounts,
which shall be drawn according to the forms now pre-
scribed, or hereafter to be prescribed, by his Majesty's
orders, by the paymasters of regiments or corps, or
by the chief paymaster, or deputy paymaster, and ac-
countant of the army depôt, or by the paymasters of
recruiting districts, or by the paymasters of detach-
ments, or by the officer or officers authorized to per-
form the duties of the paymastership during a vacancy,
or the absence, suspension, or incapacity, of any such
paymaster, as aforesaid; save and except such bills
as shall be drawn in favour of contractors, or others,
who furnish bread or forage to his Majesty's troops,
and who, by their contracts or agreements, shall be
liable to pay the stamp duties on the bills given in
payment for the articles supplied by them.
PROMISSORY NOTE, for the payment, to the bearer on
demand, of any sum of money—
Exceeding 17. 18., and not exceeding 21. 2s.
Exceeding 21. 2s., and not exceeding 5l. 58.
Exceeding 51. 5s., and not exceeding 101.
Exceeding 107., and not exceeding 201.
Exceeding 501., and not exceeding 1007.
Which said notes may be re-issued, after payment there-
of, as often as shall be thought fit.
Promissory note for the payment, in any other manner
than to the bearer on demand, but not exceeding
two months after date, or sixty days after sight, of
any sum of money—
Amounting to 40s., and not exceeding 57. 58.
Exceeding 51. 5s., and not exceeding 201.
Exceeding 201., and not exceeding 301.
Exceeding 301,, and not exceeding 507.
Exceeding 501., and not exceeding 1007.
These notes are not to be re-issued after being once paid.
Promissory note for the payment, either to the bearer
on demand, or in any other manner than to the
bearer on demand, but not exceeding two months
after date, or sixty days after sight, of any sum of
money-
Exceeding 1001., and not exceeding 2007..
Exceeding 2007., and not exceeding 3007.
Exceeding 300l., and not exceeding 5007.
Exceeding 500l., and not exceeding 1,0007.
Exceeding 1,000l., and not exceeding 2,000l.
Exceeding 2,000l., and not exceeding 3,000l.
Exceeding 3,000Z.
These notes are not to be re-issued after being once paid.
Promissory note for the payment to the bearer or otherwise, at any time exceeding two months after date, or sixty days after sight, of any sum of
Amounting to 40s., and not exceeding 57. 58.
Exceeding 51. 5s., and not exceeding 201..
Exceeding 201., and not exceeding 301.
Exceeding 301., and not exceeding 501.
Exceeding 501., and not exceeding 1007.
Exceeding 1001., and not exceeding 2007.
Exceeding 2007., and not exceeding 3001.
Exceeding 300l., and not exceeding 5001.
Exceeding 5001., and not exceeding 1,0007.
Exceeding 1,000l., and not exceeding 2,000l.
Exceeding 2,0007., and not exceeding 3,000l.
Exceeding 3,0001.
These notes are not to be re-issued after being once paid..
Promissory note for the payment of any sum of money by instalments, or for the payment of several sums of money at different days or times, so that the whole of the money to be paid shall be definite and certain.— The same duty as on a promissory note, payable in less than two months after date, for a sum equal to the whole amount of the money to be paid.
55 Geo. 3, c. 184. And the following instruments shall be deemed and
taken to be promissory notes, within the intent and
meaning of this schedule; viz.-
All notes promising the payment of any sum or sums of
money out of any particular fund, which may or may
not be available; or upon any condition or contin-
gency, which may or may not be performed or happen;
if the same shall be made payable to the bearer or
to order, and if the same shall be definite and certain
and not amount in the whole to twenty pounds;
And all receipts for money deposited in any bank, or in
the hands of any banker or bankers, which shall con-
tain any agreement or memorandum, importing that
interest shall be paid for the money so deposited.
Exemptions from the Duties on Promissory Notes.
All notes, promising the payment of any sum or sums of
money out of any particular fund, which may or may
not be available, or upon any condition or contin-
gency which may or may not be performed or happen,
where the same shall not be made payable to the
bearer or to order, and also where the same shall be
made payable to the bearer or to order, if the same
shall amount to twenty pounds, or be indefinite.
And all other instruments, bearing in any degree the
form or style of promissory notes, but which in law
shall be deemed special agreements, except those
hereby expressly directed to be deemed promissory
But such of the notes and instruments here exempted
from the duty on promissory notes, shall nevertheless
be liable to the duty which may attach thereon as
agreements or otherwise.
Exemptions from the preceding and all other Stamp Duties.
All promissory notes for the payment of money issued
by the Governor and Company of the Bank of
England.
PROTEST of any bill of exchange or promissory note, for
any sum of money-
Amounting to 204., and not amounting to 1007.
Amounting to 1007., and not amounting to 500l.
Amounting to 5001. or upwards
Protest of any other kind
And for every sheet or piece of paper, parchment, or
vellum, upon which the same shall be written,
after the first, a further progressive duty of
An Act to afford Relief to the bonâ fide Holders of Negotiable Securities, without Notice that they were given for a Usurious Consideration.
"Whereas by the laws now in force all contracts and assurances whatsoever, for payment of money, made for a usurious consideration are utterly void; and whereas, in the course of mercantile transactions, negotiable securities often pass into the hands of persons who have discounted the same without any knowledge of the original considerations for which the same were given; and the avoidance of such securities in the hands of such bona fide indorsees, without notice, is attended with great hardship and injustice;" for remedy thereof, be it enacted, by the King's most excellent Majesty, by and with the advice and consent of the lords spiritual and temporal, and commons, in this present parliament assembled, and by the authority of the same, that no bill of exchange or promissory note that shall be drawn or made after Bill of exchange the passing of this act, shall, though it may have been given for or promissory note given for a a usurious consideration or upon a usurious contract, be void in usurious consithe hands of an indorsee for valuable consideration, unless such deration, not indorsee had, at the time of discounting or paying such consider- void in the hands ation for the same, actual notice that such bill of exchange or out notice. promissory note had been originally given for a usurious consideration or upon a usurious contract.
An Act to regulate Acceptances of Bills of Exchange.
Whereas, according to law as hath been adjudged, where a bill 1 & 2 Geo. 4, c. 78. is accepted payable at a bankers, the acceptance thereof is not a general but a qualified acceptance; and whereas a practice hath very generally prevailed among merchants and traders so to accept bills, and the same have, among such persons been very generally considered as bills generally accepted, and accepted without qualification: and whereas many persons have been and may be much prejudiced and misled by such practice and understanding, and persons accepting bills may relieve themselves from all inconvenience, by giving such notice as hereinafter mentioned of their intention to make only a qualified acceptance thereof: be it therefore enacted by the King's most excellent Majesty, by and with the advice and consent of the lords spiritual and temporal, Bills accepted and commons, in this present parliament assembled, and by the payable at a authority of the same, that from and after the first day of August place, deemed a now next ensuing, if any person shall accept a bill of exchange general acceptpayable at the house of a banker or other place, without further Bills accepted expression in his acceptance, such acceptance shall be deemed payable at a and taken to be, to all intents and purposes, a general acceptance banker's or other of such bill; but if the acceptor shall, in his acceptance, express deemed a qualithat he accepts the bill payable at the banker's house or other fled acceptance.
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