Decimal Currency Act, 1970
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Special modifications of Bills of Exchange Act, 1882. |
3.—(1) The 11th, 12th and 13th days of February, 1971, shall be non-business days for the purposes of the Bills of Exchange Act, 1882 , but on those days— | |
(a) a cheque or other instrument to which section 4 of the Cheques Act, 1959 , applies may be presented by a banker (whether or not he is the person on whom it is drawn) to a banker for payment, and | ||
(b) a banker to whom such a cheque or other instrument has at any time been so presented for payment may pay it and may debit the account of his customer with the amount thereof, | ||
as if those days were business days. | ||
(2) Notwithstanding anything in section 14 of the Bills of Exchange Act, 1882 , a bill of exchange or promissory note— | ||
(a) shall be due and payable on the 10th day of February, 1971, if the last day of grace for it under that section falls on the 11th or 12th day of February, 1971, and | ||
(b) shall be due and payable on decimal day if that last day of grace falls on the 13th or 14th day of February, 1971. |