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BANK CHARTER ACT 1844 - SECT 1

Bank of England to establish a separate department for the issue of promissory notes payable on demand; to be called the ""Issue Department.''

1.] The issue of promissory notes of the governor and company of the Bank of
England, payable on demand, shall be separated and thenceforth kept wholly
distinct from the general banking business of the said governor and company;
and the business of and relating to such issue shall be thenceforth conducted
and carried on by the said governor and company in a separate department, to
be called "the Issue Department of the Bank of England," ....

Ss.2, 3 rep. by 1928 c.13 s.13(4) sch. S.4 rep. by 1939 c.7 ss.4(2), 5(3) sch.
S.5 rep. by 1928 c.13 s.13(4) sch.


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© 1844 Crown Copyright

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