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Mode of dealing with dead Bank of England notes.
7 & 8 Vict. c. 32.
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6.—(1) Where Bank of England notes issued more than forty years have not been presented for payment, the Bank of England may write off the amount, or any proportion of amount of the said notes from the total amount of notes issue from the issue department, and the Bank Charter Act, 184 shall apply as if the amount of notes so written off had been issued: Provided that—
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(b) this section shall not affect the liability of the Bank pay any note included in the amount so written of and if it is presented for payment the amount shall either be paid out of the bank notes, gold coin, bullion, in the banking department, or, if it exchanged for gold coin or bullion in the department, or for a note issued from the department, a corresponding amount of gold coin of bullion shall be transferred from the banking department and appropriated to the issue department.
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