Currency (Amendment) Act, 1930

Defacement, etc., of legal tender notes and consolidated bank notes.

5.—(1) It shall not be lawful for any person to do any of the following things, that is to say:—

(a) to cut, tear, or otherwise mutilate a legal tender note or a consolidated bank note; or

(b) to write, print, draw, stamp, emboss, or in any other way impress on a legal tender note or a consolidated bank note any letter, figure, design, or other mark; or

(c) to perforate a legal tender note or a consolidated bank note, whether the perforations do or do not form or represent any letter, figure, or other design; or

(d) to attach or affix to a legal tender note or a consolidated bank note any memorandum, advertisement or other writing.

(2) Every person who commits any act in relation to a legal tender note or a consolidated bank note which is a contravention of this section shall be guilty of an offence under this section and shall be liable on summary conviction thereof to a fine not exceeding five pounds.

(3) The fact that a legal tender note has been the subject of an act which is a contravention of this section shall not prejudice or affect any obligation imposed or power conferred on the Commission by the Principal Act to pay or redeem such note nor any power so conferred on the Commission to refuse to redeem such note.

(4) The fact that a consolidated bank note has been the subject of an act which is a contravention of this section shall not prejudice or affect the obligation imposed by the Principal Act on the Shareholding Bank to which such note was issued to pay the amount of such note on presentation nor any right or power which such Bank may have under the Principal Act or regulations made thereunder to retire such note.

(5) This section shall not apply to anything done by or on behalf of the Commission for the purpose of the cancellation of a legal tender note or the retirement or cancellation of a consolidated bank note.