BA.NK NOTE For money not exceeding II. . 0 0 5 Exceeding Z1 and not exceeding 0 0 0 10 PS 0 1 3 /10 0 1 9 „ • £10 /20 0 2 0 £20 00 0 3 0„ £30 , 50 0 5 0„ £50 ,f,100 0 S 6 And see Sections 29,30 and 31 as follows :— " 29. For the purposes of this Act the expression ' banker ' means any person carrying on the business of banking in the United Kingdom, and the expression ' Bank note ' includes — (a) Any bill of exchange or promis sory note issued by any banker, other than the Bank of England, for the payment of money not exceeding one hundred pounds to the bearer on demand ; and (b) Any bill of exchange or pro missory note so issued which entitles or is intended to entitle the bearer or holder thereof, without indorse ment or without any further or other indorsement than may be thereon at the time of the issuing thereof, to the payment of money not exceeding one hundred pounds on demand, whether the same be so expressed or not and in whatever form, and by whomsoever the bill or note is drawn or made.
" 30. A bank note issued duly stamped, or issued unstamped by a banker duly licensed or otherwise authorised to issue unstamped bank notes, may be from time to time re issued without being liable to any stamp duty by reason of the re-issuing.
" 31. (1) If any banker, not being duly licensed or otherwise authorised to issue unstamped bank notes, issues, or permits to be issued, any bank note not being duly stamped, he shall incur a fine of fifty pounds.
" (2) If any person receives or takes in payment or as a security any bank note issued unstamped contrary to law, the same to have been so issued, he shall incur a fine of twenty pounds." By 9 Geo. IV c. 23, Section 7, bankers who arc licensed to issue unstamped notes or bills shall pay : " As a composition for the duties which would otherwise have been payable for such promissory notes and bills of exchange issued or in circulation during such half year, the sum of 3s. 6d. for every Z100, and also for the fractional part of I100, of the said average amount or value of such notes and bills in circulation." (See BANK