XIXThe Bank of Scotland, Royal Bank of Scotland, and British Linen Company, to take out Licences, only in respect of any future Establishments or Branches.

Provided always, and be it further enacted, That the Exception herein-before contained in favour of the Governor and Company of the Bank of Scotland, the Royal Bank of Scotland, and the British Linen Company, shall only extend to exempt them from taking out such Licence as aforesaid in respect of their several present Establishments and Branches, that is to say, those of the Bank of Scotland, at Edinburgh, Glasgow, Perth, Aberdeen, Dumfries, Cupar, St. Andrews, Kirkaldy, Dunfermline, Kelso, Inverness, Ayr, Stirling, Banff, Tain, Dundee, Montrose, Haddington, Greenock, Wigton, and Kircudbright, those of the Royal Bank of Scotland at Edinburgh and Glasgow, and those of the British Linen Company at Edinburgh, Leith, Cupar, Dunfermline, Montrose, Inverness, Forres, Elgin, Glasgow, Dumfries, Hawick, Jedburgh, Dunse, Dunbar, Newton Stewart, and Perth ; but that if any of them shall, after the passing of this Act, establish or set up a Branch of their Bank, or employ an Agent for the issuing of such Promissory Notes as aforesaid, at any other Town or Place whatsoever, they shall be liable and be obliged to take out such Licence as aforesaid, for or in respect of every such other Town or Place, in such and the same Manner as other Bankers are required to do, and, in default thereof, shall be subject to such and the same Penalty or Penalties as any other Banker or Bankers, for issuing any such Promissory Note or Notes as aforesaid, at any such other Town or Place, without having obtained a Licence for that Purpose.