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Bank Charter Act 1844

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XXIIBankers 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.

And be it enacted, That every Banker who shall be liable by Law to take out a Licence from the Commissioners of Stamps and Taxes to authorize the issuing of Notes or Bills shall take out a separate and distinct Licence for every Town or Place at which he shall, by himself or his Agent, issue any Notes or Bills requiring such Licence to authorize the issuing thereof, anything in any former Act contained to the contrary thereof notwithstanding : Provided always, that no Banker who on or before the Sixth Day of May One thousand eight hundred and forty-four had taken out four such Licences, which on the said last-mentioned Day were respectively in force, for the issuing of any such Notes or Bills at more than Pour separate Towns or Places, shall at any Time hereafter be required to take out or to have in force at one and the same Time more than Pour such Licences to authorize the issuing of such Notes or Bills at all or any of the same Towns or Places specified in such Licences in force on the said Sixth Day of May One thousand eight hundred and forty-four, and at which Towns or Places respectively such Bankers had on or before the said last-mentioned Day issued such Notes or Bills in pursuance of such Licences or any of them respectively.

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