Partnership, whether all their Names shall appear on the Promissory Notes to be issued by them or not, and in default thereof such Licence shall be absolutely void; and every such Licence which shall be granted between the Tenth Day of October and the Eleventh Day of November in any Year shall be dated on the Eleventh Day of October, and every such Licence which shall be granted at any other Time shall be dated on the Day on which the same shall be granted; and every such Licence respectively shall have Effect and continue in force from the Day of the Date thereof until the Tenth Day of October following, both inclusive.
Persons applying for Licences to deliver Specimens of their Notes.XXVIII. And be it further enacted, That the Banker or Bankers or other Person or Persons, applying for any such Licence as aforesaid shall produce and leave with the proper Officer a Specimen of the Promissory Notes proposed to be issued by him, her, or them, to the Intent that the Licence may be framed accordingly; Penalty for issuing Notes without Licence.and if any Banker or Bankers or other Person or Persons (except as aforesaid) shall issue or cause to be issued by any Agent any Promissory Note for Money payable to the Bearer on Demand, hereby charged with a Duty, and allowed to be re-issued as aforesaid, without being licensed so to do in the Manner aforesaid, or at any other Town or Place or under any other Firm or Title than shall be specified in his, her, or their Licence, the Person or Persons so offending shall, for every such Offence, forfeit the Sum of One hundred Pounds.
The Bank of Scotland,Royal Bank of Scotland, and British Linen Company, to take out Licences, only in respect of any future Establishments or Branches. XXIX. 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, Banf 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.
Licences to continue in force notwithstanding Alteration in Partnerships.XX. And be it further enacted, That where any such Licence as aforesaid shall be granted to any Persons in Partnership, the same shall continue in force for the issuing of Promissory Notes, under the Firm or Title therein specified, until the Tenth Day of October inclusive, following the Date thereof, notwithstanding any Alteration in the Partnership.
