Bankers (Ireland) Act 1825
| Jurisdiction | UK Non-devolved |
| Citation | 1825 c. 42 |
| Year | 1825 |
(6 Geo. 4) C A P. XLII.
[10th June 1825]
'WHEREAS an Act was passed in the last Session of Parliament, intituled An Act to relieve Bankers inIrelandfrom divers Restraints imposed by the Provisions of the Twenty ninth of George the Second, and to render all and each of the Members of certain Copartnerships of Bankers, which may be established, liable to the Engagements of such Copartnerships, and to enable such Copartnerships to sue and be sued in the name of their Public Officer : And Whereas Societies and Copartnerships of Bankers have been formed, and are now carrying on Business in Ireland , under the Authority of the said recited Act: And Whereas Doubts have arisen on the Construction of the said recited Act, and it is expedient to make further Provision for the Regulation of such Societies and Copartnerships, and to encourage the further Introduction of British Capital into Banking Establishments in Ireland ;' Be it therefore 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 Authorityof the same, That from and after the passing of this Act, the said recited Act, except so far as relates to any Acts, Matters and Things had or done under the said recited Act before the passing of this Act, and except so far as the said Act repeals any former Act or Acts, shall be and the same is hereby repealed.
II & 2 G. 4. c. 72.
'II. And Whereas an Act was passed in the Session of Parliament holden in the First and Second Year of His present Majesty's Reign, intituledAn Act to establish an Agreement with the Governor and Company of the Bank of Ireland, for advancing the Sum of Five hundred thousand Pounds , Irish Currency, and to empower the said Governor and Company to increase the capital Stock or Fund of the said Bank to Three Millions , and it is expedient that the said last recited Act should be altered and amended;' Be it further enacted, That from and after the passing of this Act, it shall and may be lawful for any Number of Persons, united or to be united in any Society or Copartnership inIreland , consisting of more than Six in Number, and not having the Establishments or Houses of Business of such Society or Copartnership at any Place or Places less than Fifty Miles distant from Dublin , to carry on the Trade and Business of Bankers, in like Manner as Copartnerships of Bankers, consisting of not more than Six in Number, may lawfully do; and to borrow, owe or take up any Sum or Sums of Money on their Bills or Notes, payable on Demand, or at any Time after Date, or after Sight, and to make and issue such Notes or Bills accordingly at any Place in Ireland , exceeding the Distance of Fifty Miles from Dublin , all the Individualscomposing such Societies or Copartnerships being liable and responsible for the due Paymentof all such Bills and Notes, in Manner hereinafter provided; any thing contained in an Act made in the Parliament ofIreland , in the Twenty first and Twenty second Years of the Reign of His late Majesty King George the Third, intituled An Act for establishing a Bank, by the Name of the Governor and Company of the Bank of Ireland, or in the hereinbefore recited Act of the First and Second Years of His Present Majesty's Reign, or in any other Act or Acts, or any Law, Usage or Custom to the contrary in any wise notwithstanding.
III Societies or Copartnerships may appoint Agents.
III. And be it further enacted, That it shall and may be lawful for any such Society or Copartnership, from time to time to have, employ or appoint any Agent or Agents to do and transact, on Behalf of any such Society or Copartnership, all such Business, Matters and Things as such Society or Copartnership may lawfully do, and as are not contrary to any Act or Acts now in force, and to the Provisions of this Act.
IV Act not to allow issuing of Notes, or borrowing Money within certain Limits.
IV. Provided, always, and be it further enacted, That nothing in this Act contained shall extend, or be construed to extend, to enable or authorize any such Society or Copartnership, either by any Member or Members thereof, or by their Agent or any other Person on Behalf of such Society or Copartnership, to pay, issue or reissue atDublin , or within Fifty Miles thereof, any Bill or Note of such Society or Copartnership which shall be payable to Bearer on Demand, or any Bank Post Bill, nor to draw upon any Partner or Agent who may be resident in Dublin , or within Fifty Miles thereof, any Bill of Exchange which shall be payable on Demand, or which shall be for less Amount than Fifty Pounds, nor to borrow, owe or take up, in England or in Dublin , or within Fifty Miles thereof, any Sum or Sums of Money on any Promissory Note or Bill of any such Society or Copartnership payable on Demand, or at any less Time than Six Months from the borrowing thereof, or to make or issue any Bill or Bills of Exchange or Promissory Note or Notes of such Society or Copartnership, contrary to the Provisions of the said recited Acts of the Twenty first and Twenty second Years of King George the Third, or of the First and Second of his present Majesty, save as provided by this Act in that Behalf.
V Persons resident in Great Britain, &c. may be Members of such Copartnerships.
V. Provided always, and be it further enacted, That nothing contained in this Act or in any other Act or Acts shall extend or be construed to prevent any Person or Persons whatever, whether resident inGreat Britain or Ireland , from being or becoming a Member or Members of any such Society or Copartnership in Ireland as aforesaid, or from being or becoming a Subscriber and Contributor, or Subscribers and Contributors, to the Stock and Capital of any such Society or Copartnership; and that any such Society or Copartnership which shall or may have been formed or begun to be formed under or by virtue of the Provisions contained in the hereinbefore recited Acts of the First and Second Years and the Fifth Year of the Reign of His present Majesty, and of which any Person or Persons shall be or shall become a Member or Members, or to which any such Person or Persons shall become a Subscriber or Subscribers, or Contributor or Contributors as aforesaid, shall be or be deemed and taken, to all Intents and Purposes, to be a Society or Copartnership of Persons united in Ireland , within the true Intent and Meaning of this Act; any Thing in this Act or in any other Act or Acts of Parliament, or any Law, Usage or Custom to the contrary notwithstanding.
VI Such Banking Partnerships to deliver and register, at Stamp Office in Dublin, an Account of Names of Public Officers thereof and other Particulars.
VI. And be it further enacted, That between the Twenty fifth Day ofMarch in any Year, and the Twenty fifth Day of March following, an Account or Return shall be made out by the Secretary or some other Officer of every such Society or Copartnership, and shall be signed by such Secretary or other Officer, and shall be verified by the Oath of such Officer taken before any Justice of the Peace (and which Oath any Justice of the Peace is hereby authorized and empowered to administer), according to the Form contained in the Schedule Number One to this Act annexed; and in every such Account or Return there shall be set forth the true Name or Firm of such Society or Copartnership, and also the Names and Places of Abode of all the Partners concerned or engaged in such Society or Copartnership, as the same respectively appear on the Books of such Society or Copartnership, and the Firm and Name of and every Bank or Banks established or to be established by such Society or Copartnership, and also the Names of Two or more Individuals of such Society or Partnership who shall be resident in Ireland , each and every of whom shall respectively be considered as a Public Officerof such Society or Copartnership, and the Title of Office or other Description of every such Individual respectively, in the Name of any One of whom such Society or Copartnership shall sue and be sued, as hereinafter provided, and also the Name of every Town and Place where any such Bills or Notes shall be issued by any such Society or Copartnership, or by any Agent or Agents of any such Society or Copartnership; and every such Account or Return shall be produced at the Stamp Office inDublin , and an Entry and Registry thereof shall be made in a Book or Books to be kept for that Purpose at the said Stamp Office, by some Person or Persons to be appointed for that Purpose by the Commissioners of Stamp Duties; and if, after the passing of this Act, any such Society or Copartnership shall omit or neglect to deliver at the Stamp Office inDublin such Account and Return as is by this Act required, such Society or Copartnership shall, for each and every Week they shall so neglect to make such Account and Return, forfeit the Sum of Five hundred Pounds.
VII Stamp Office to give Certificates of Entry, to be in force to 25th March ensuing.
VII. And be it further enacted, That whenever any Entry and Registry of the Firm or Name of any such Society or Copartnership shall be made at the Stamp Office, in Manner aforesaid, at any Time between the Twenty fifth Day ofMarch in any Year, and the Twenty fifth Day of March following, a Certificate of...
To continue reading
Request your trial