Bankers (Ireland) Act 1845
| Jurisdiction | UK Non-devolved |
| Citation | 1845 c. 37 |
| Year | 1845 |
(8 & 9 Vict.) C A P. XXXVII.
[21st July 1845]
'WHEREAS by an Act passed in the Parliament ofIreland in the Twenty-first and Twenty-second Years of the Reign of His Majesty King George the Third, intituled Ireland, it was amongst other things enacted, that from and after the passing of that Act it should not be lawful for any Body Politic or Corporate erected or to be erected, other than the Corporation thereby intended to be created and erected into a National Bank, or for any other Persons whatsoever united or to be united in Covenants or Partnership exceeding the Number of Six Persons, to borrow, owe, or take up any Sum or Sums of Money on their Bills or Notes payable at demand, or at any less Time than Six Months from the borrowing thereof, under a Penalty or Forfeiture by such Persons, Bodies Politic or Corporate, of treble the Sum or Sums so to be borrowed or taken up on such Bill or Bills, Note or Notes, one Moiety thereof to be paid to the Informer, and the other to the Use of His Majesty, His Heirs and Successors, to be recovered by Action of Debt, Bill, Plaint, or Information in any of His Majesty's Courts of Record atDublin: And whereas, in pursuance of the Powers in the said Act of Parliament contained, a Charter of Incorporation was granted to certain Persons, by the Name of the Governor and Company of the Bank of Ireland: And whereas by an Act passed in the First and Second Years of the Reign of His Majesty King George the Fourth, intituled Irelandfor advancing the Sum of Five hundred thousand Pounds Irish Currency, and to empower the said Governor and Company to enlarge the Capital Stock or Fund of the said Bank to Three million Pounds , it was enacted, that it might be lawful for any Number of Persons in Ireland united or to be united in Society or Partnership, and residing and having their Establishments in Houses of Business at any Place not less than Fifty Miles distant from Dublin , to borrow, owe, or take up any Sum or Sums of Money on their Bills or Notes payable on demand, and to make and issue such Notes or Bills accordingly, payable on demand at any Place in Ireland exceeding the Distance of Fifty Miles from Dublin , all the Individuals composing such Societies or Partnerships being liable and responsible for the due Payment of such Bills or Notes; but nothing therein contained was to extend or be construed to extend to authorize any Persons exceeding Six in Number, or any Bodies Politic or Corporate, residing or having their Establishment or House of Business within the Distance of Fifty Miles from Dublin , to make or issue any Bill or Bills of Exchange, or any Promissory Note or Notes, contrary to the Provisions of the said in part recited Act of the Twenty-first and Twenty-second Years of the Reign of King George the Third: And whereas by another Act passed in the Sixth Year of the Reign of His Majesty King George the Fourth, intituled Ireland, and by another Act passed in the First Year of the Reign of His late Majesty KingWilliam the Fourth, intituled Irelandfor advancing the Sum of Five hundred thousand Pounds Irish Currency, and for the better Regulation of Copartnerships of certain Bankers in Ireland, such Copartnerships of Bankers established at Places beyond the Distance of Fifty Miles from Dublin were authorized to transact certain Matters of Business by Agents in Dublin or within the Distance of Fifty Miles thereof: And whereas the said Governor and Company at different Times advanced, for the Public Service, to His Majesty King George the Third, the several Sums of Six hundred thousand Pounds, Five hundred thousand Pounds, and One million two hundred and fifty thousand Pounds, late Irish Currency, and in respect thereof the said Governor and Company were entitled to certain Annuities payable at the Receipt of the Exchequer in Dublin: And whereas by an Act passed in the Forty-eighth Year of the Reign of His said Majesty King George the Third, intituled Ireland,and for empowering the Governor and Company of the said Bank to advance the Sum of One million two hundred and fifty thousand Pounds Irish Currency towards the Service of the Year One thousand eight hundred and eight , it was amongst other things enacted, that at any Time after the First Day of January in the Year of our Lord One thousand eight hundred and thirty-seven, upon Twelve Months Notice, to be published in the Dublin Gazette by Order of the Lord Lieutenant or other Chief Governor or Governors of Ireland , the said Corporation of the Bank was to be dissolved; and upon Repayment by Parliament to the said Governor and Company of the Bank of Ireland , or their Successors, of the said several Sums of Six hundred thousand Pounds, Five hundred thousand Pounds, and One million two hundred and fifty thousand Pounds, and also of all Arrears of the several Annuities payable in respect of the said Three several Capital Sums, if any such Arrear should then be due, or at any Time previous to the said First Day of January One thousand eight hundred and thirty-seven, upon like Repayment by and with the Desire and Consent of the said Governor and Company, to be signified by them by their Petition in Writing sealed with their Common Seal, and addressed to the Lord Lieutenant or other Chief Governor or Governors of Ireland for the Time being, then and in such Case the said several Annuities should from and after the Expiration of Twelve Months after such Notice published, cease and determine, and the said Corporation should be dissolved: And whereas in pursuance of the said recited Act passed in the First and Second Years of the Reign of His Majesty KingGeorge the Fourth, intituled Irelandfor advancing the Sum of Five hundred thousand Pounds Irish Currency, and to empower the said Governor and Company to enlarge the Capital Stock or Fund of the said Bank to Three Millions , the said Governor and Company of the Bank of Ireland advanced, for the Public Service, to His Majesty King George the Fourth, the Sum of Five hundred thousand Pounds late Irish Currency, at Interest, making, with the said Three several Sums of Six hundred thousand Pounds, Five hundred thousand Pounds, and One million two hundred and fifty thousand Pounds, late Irish Currency, previously advanced, the Sum of Two million eight hundred and fifty thousand Pounds, equal to Two million six hundred and thirty thousand seven hundred and sixty-nine Pounds Four Shillings and Eight-pence Sterling Money of the United Kingdom of Great Britain and Ireland: And whereas by an Act passed in the Third and Fourth Years of the Reign of Her present Majesty, intituled Irelandfor the Public Service , it was amongst other things enacted, that from and after the passing of the said Act there should be paid and payable, but subject to the Condition of Redemption therein-after contained, at the Receipt of Her Majesty's Exchequer in Dublin , to the Governor and Company of the said Bank of Ireland , out of the Consolidated Fund of the United Kingdom of Great Britain and Ireland , an Interest or Annuity of One hundred and Fifteen thousand three hundred and eighty-four Pounds Twelve Shillings and Four-pence, Money of the United Kingdom, being a Sum equal to the several Annuities and Interest theretofore payable in respect of the Principal Money due to the said Governor and Company as aforesaid, by Two equal half-yearly Payments, without any Defalcation or Abatement, on the Fifth Day of January and the Fifth Day of July in each Year, the first Payment of the said Interest or Annuity to be made on the Fifth Day of January in the Year One thousand eight hundred and forty-one; and it was by the last-mentioned Act further provided, that the said last-mentioned Annuity should be redeemable at any Time after the First Day of January One thousand eight hundred and forty-one, on Six Months Notice to the said Governor and Company, and on Repayment to them of the said several Sums of Six hundred thousand Pounds, Five hundred thousand Pounds, One million two hundred and fifty thousand Pounds, and Five hundred thousand Pounds, late Irish Currency, together with all Arrears of the said Annuity of One hundred and fifteen thousand three hundred and eighty-four Pounds Twelve Shillings and Four-pence: And whereas the last-mentioned Annuity has, by Consent of the said Governor and Company, been reduced to an Annuity of Ninety-two thousand and seventy-six Pounds Eighteen Shillings and Five-pence of British Currency: And whereas it is expedient that the exclusive Privilege of Banking granted to the said Governor and Company by the said recited Act of the Parliament of Ireland , or by any other Act or Acts of Parliament now in force, should cease, but that the said Governor and Company should continue a Corporation, with full Power and Authority to carry on the Business of Bankers, subject to the Regulations herein-after contained; and the said Governor and Company of the Bank of Ireland have agreed to continue the Management in Ireland of so much of the Public Debt of the United Kingdom as shall for the Time being require to be transacted in Ireland , and of all Loans and other Creations of Stock which shall at any Time be made in Ireland , and of any Public Annuities for Lives or for Years which may be payable in Ireland , free of all Charge and Expence whatever for such Management, or for their Trouble in the Payment of the Interest of the said Public Debt or Annuities from Time to Time during the Continuance of the said Corporation under the Provisions of this Act; and it hath been further agreed that the said Governor and Company shall continue to receive the said Annuity of Ninety-two thousand and seventy-six Pounds Eighteen Shillings and Five-pence, being...
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