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John Jones

cash and day


To Mr. John Brown, Coney Street, York.

The order must be indorsed by the banker to whom it is payable, or, if payable to the drawer's order, by the drawer.

The cash order is sent to a banker in the town where John Brown lives for collection. and the banker sends out a messenger to John Brown's address and presents the order for payment. It is expected that the order will be paid in cash, though in some cases payment is received by cheque, when it is known that the drawer is perfectly good and the cheque can be collected the same day. In some districts it is customary for the drawee, when the order is presented, to accept it payable at his bankers in the same town. When this is done, it should be passed through the local clearing on the same day. The remitter of the order often gives instructions that, if it is not paid on the day of receipt, it may be held over till the follow ing day. In the absence of such instruc

tions the remitter should be advised if a cash order is held over. If the drawee is not at home when the messenger calls a note is left that the order is at the bank and requires his attention.

Cash orders are not, as a rule, accepted by the drawee, and consequently he cannot be sued upon them, but if he gives his cheque in exchange, and it is dishonoured, he can be sued upon the cheque.

Cash orders received for collection should not be credited on the day of receipt to the bank sending them, in cases where the orders are being held over till the next day.

Where cash orders are numerous, they give great trouble to a banker who has to collect them, and some bankers decline to undertake the work.

The stamp duty upon a cash order is one penny.