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BANK ACT 1892 - SECT 6

Mode of dealing with dead Bank of England notes.

6.(1) Where Bank of England notes issued more than forty years have not been
presented for payment, the Bank of England may write off the amount, or any
proportion of the amount of the said notes from the total amount of notes
issued from the issue department, and the Bank Charter Act, 1844, shall apply
as if the amount of notes so written off had not been issued: Provided that

(a)a return of the amount of notes so written off shall be forthwith sent to
the Treasury and laid by them before Parliament; and

(b)this section shall not affect the liability of the Bank to pay any note
included in the amount so written off, and if it is presented for payment the
amount shall either be paid out of the bank notes, gold coin, or bullion, in
the banking department, or, if it is exchanged for gold coin or bullion in the
issue department, or for a note issued from the issue department, a
corresponding amount of gold coin or bullion shall be transferred from the
banking department and appropriated to the issue department.

(2) This section shall be construed as one with the Bank Charter Act, 1844.

© 1892 Crown Copyright

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