Page: 331↓
Subject_Bill of Exchange—Stamp.—
A document in the form of a letter in these terms—“We acknowledge to have borrowed and received from you £100, which we will repay you at the term,”—held, in conformity with the case of Pirie's representatives (ante XI., 473), to be a promissory note, and requiring to have been stamped as such.
The pursuer, Haddin, raised action for payment of £100 against M'Ewan and others, representatives of the late John M'Ewan and Thomas Ballingall, founding on the following acknowledgment alleged to have been granted by these parties to Haddin's father, now deceased:—
“Glasgow, 12th March, 1816.
“ Mr John Haddin.
“ Sir,—We acknowledge to have borrowed and received from you £100, which we will repay you at the term, and remain, sir, your most obedient servants,
(Signed)
“ John M'Ewan.
“ Thos. Ballingall.”
This document was not stamped. In defence against the action it was pleaded, inter alia, that the document libelled on being of the nature of a promissory note, was null for want of stamp. 1
The Lord Ordinary, “in respect of the decision in the case of Pirie's representatives,” sustained this defence and assoilzied the defenders.
Haddin reclaimed, contending that there had been a contrariety of decisions
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* Pirie's Representatives v. Smith's Executrix, February 28, 1833 (ante, XI., 473.)
The Court accordingly adhered, finding additional expenses due.
Solicitors: Dunbas and Jamieson, W. S.— James Malcolm, S. S. C—Agents.