Banks of Issue in Scotland (1404)

What is this notice?

  • An advertisment of legal proof that a Scottish bank has certification to issue and to have in circulation, exclusive of an amount equal to the monthly average amount of the gold and silver coin held by such banker as herein provided
  • Advertising the power of the Bank of England to call in transferred currency notes on exchanging them for bank notes of the same value

What legislation does it relate to?

  • Bank Notes (Scotland) Act 1845 (S.3)
  • Currency and Banknotes Act 1928 (S.4 (3))

Who places this notice?

  • Commissioners of Inland Revenue
  • The Bank of England

Where can I find these notices?

Notice 1404