CURRENCY ACT, 1927 (1927_act_32) | IE

ISB Act 1927-08-20

Schedule 1 CURRENCY ACT, 1927 Open official source

FIRST SCHEDULE. Enactments repealed

Enactments repealed

Session and Chapter.

Short Title.

Extent of Repeal.

Date of Repeal

9 Geo. IV. c. 80.

The Bankers Composition (Ireland) Act, 1828.

The whole Act.

The day appointed under this Act for the commencement of the issue of consolidated bank notes.

5 & 6 Vic. c. 82.

The Stamp Duties (Ireland) Act, 1842

Section 2 so far as it relates to promissory notes on unstamped paper issued by a licensed banker in Ireland or such notes of such banker in circulation.

The day appointed under this Act for the commencement of the issue of consolidated bank notes.

8 & 9 Vic. c. 37.

The Bankers (Ireland) Act, 1845

Sections 8 to 21 and 23.

The day appointed under this Act for the Commencement of the issue of consolidated bank notes.

16 & 17 Vic. c. 59.

The Stamp Act, 1853.

Section 20 so far as it relates to promissory notes on unstamped paper issued by a licensed banker in Ireland or such notes of such banker in circulation.

The day appointed under this Act for the commencement of the issue of consolidated bank notes.

33 Vic. c. 10.

The Coinage Act, 1870.

Sections 4 and 5.

The day appointed under this Act for the commencement of the issue of legal tender notes.

54 & 55 Vic. c. 39.

The Stamp Act, 1891.

Sections 29, 30, and 31 and the head of charge “Bank Note” in the First Schedule.

The day appointed under this Act for the commencement of the issue of consolidated bank notes.

4 & 5 Geo. V. c. 14.

The Currency and Bank Notes Act, 1914.

The whole Act.

The day appointed under this Act for the commencement of the issue of legal tender notes.

4 & 5 Geo. V. c. 72.

The Currency and Bank Notes (Amendment) Act, 1914.

The whole Act

The day appointed under this Act for the commencement of the issue of legal tender notes.

10 & 11 Geo. V. c. 24.

The Bank Notes (Ireland) Act, 1920

The whole Act

The day appointed under this Act for the commencement of the issue of consolidated bank notes.

No. 14 of 1926.

The Coinage Act, 1926.

Section 7.

The day appointed under this Act for the commencement of the issue of legal tender notes.

ISB Act 1927-08-20

Schedule 2 CURRENCY ACT, 1927 Open official source

SECOND SCHEDULE. Particulars of gold coins.

Particulars of gold coins.

(1)

(2) Standard Weight

(2)

Standard Weight

(3) Least Current Weight

(3)

Least Current Weight

(4)

(5) Remedy Allowance

(5)

Remedy Allowance

Denomination of Coin

Imperial Weight Grains

Imperial Weight

Grains

Metric Weight Grams

Metric Weight

Grams

Imperial Weight Grains

Imperial Weight

Grains

Metric Weight Grains

Metric Weight

Grains

Standard Fineness

Weight per Piece

Millesimal Fineness

Imperial Grains

Metric Grams

Pound

123.27447

7.98805

122.50000

7.93787

Eleven-twelfths fine gold, one-twelfth alloy, or millesimal fineness, 916.6

0.20000

0.01296

}

2

Ten Shillings

61.63723

3.99402

61.12500

3.96083

0.15000

0.00972

ISB Act 1927-08-20

Schedule 3 CURRENCY ACT, 1927 Open official source

THIRD SCHEDULE. banks.

banks.

Name of Bank

Ratio Figure

£

The Bank of Ireland

1,760,000

The Hibernian Bank, Limited

439,000

The National Bank, Limited

1,365,000

The Northern Banking Company, Limited

243,000

The Munster and Leinster Bank, Limited

852,000

The Provincial Bank of Ireland, Limited

649,000

The Royal Bank of Ireland, Limited

273,000

The Ulster Bank, Limited

419,000

ISB Act 1927-08-20

Schedule 4 CURRENCY ACT, 1927 Open official source

FOURTH SCHEDULE. rules for the elections of the elected commissioners and the first chairman.

rules for the elections of the elected commissioners and the first chairman.

Rules Applicable to Every Case.

1. In this Schedule the word “representative” means a representative of a Shareholding Bank present at a meeting for the election of the first elected Commissioners or any subsequent elected Commissioner, and the word “Commissioner” when used without qualification means an ordinary Commissioner attending the meeting of such Commissioners for the election of the first Chairman, and the word “meeting” means (as the context may require) a meeting of representatives to elect the first elected Commissioners or any subsequent elected Commissioner or the meeting of Commissioners to elect the first Chairman.

2. The representatives or Commissioners (as the case may be) shall elect one of their number to be the chairman of the meeting and such chairman shall conduct the proceedings at the meeting but shall not have any second or casting vote.

3. Save as is otherwise provided by these Rules, all questions arising at the meeting shall be decided by the vote of the majority of the representatives or Commissioners.

4. The meeting may be adjourned from time to time but no adjournment shall be made to a time subsequent to the time within which the election is required by this Act to be completed.

Rules Applicable to the Election of the First Elected Commissioners.

5. Every representative may nominate three candidates and no more for election.

6. The election shall be by rounds and on each round every representative shall have three votes but may not in any one round give more than one vote to any one candidate.

7. On the first round all the candidates shall be voted on and any candidate who on such round receives a number of votes exceeding half the number of representatives present shall be elected and the three candidates who receive the least number of votes shall be eliminated.

8. On the second round all the candidates except those elected or eliminated on the first round shall be voted on and any candidate who on such round receives a number of votes exceeding half the number of representatives present shall be elected and the three candidates who receive the least number of votes shall be eliminated.

9. The third and every subsequent round shall be conducted in a similar manner.

10. If on any round by reason of an equality of votes amongst the candidates who receive the least number of votes it is not possible to eliminate three candidates, the chairman shall determine how many and which candidates are to be eliminated on that round.

11. The election shall be continued until three candidates have been elected.

12. At the conclusion of the election the chairman shall prepare a statement in writing setting forth the names of the representatives and the Banks they respectively represented, and the names, addresses, and descriptions of the three elected candidates, and such statement shall then be signed by the chairman and at least one-third of the other representatives and shall be sent by the chairman to the Minister in accordance with this Act.

Rules applicable to the Election of an elected Commissioner subsequent to the first elected Commissioners.

13. Every representative may nominate one and only one candidate for election.

14. The election shall be by rounds and on each round every representative shall have one vote.

15. On the first round all the candidates shall be voted on and the candidate who receives the least number of votes shall be eliminated.

16. On the second round all the candidates except the candidate eliminated on the first round shall be voted on and the candidate who receives the least number of votes shall be eliminated.

17. The third and every subsequent round shall be conducted in a similar manner.

18. If on any round two or more candidates receive the least number of votes, all such candidates shall be eliminated.

19. If on any round a candidate receives a number of votes exceeding one half the number of representatives present such candidate shall be elected or if on any round all but one of the candidates voted on in that round are eliminated that one candidate shall be elected.

20. At the conclusion of the election the chairman shall prepare a statement in writing setting forth the names of the representatives and the Banks which they respectively represented and the name, address, and description of the elected candidate and such statement shall then be signed by the chairman and at least one-third of the other representatives and sent by the chairman to the Commission in accordance with this Act.

Rules Applicable to the Election of the First Chairman.

21. The election of the first Chairman shall be conducted in the like manner in all respects as the election of an elected Commissioner subsequent to the first elected Commissioners is required by these Rules to be conducted and accordingly the Rules applicable to the election of an elected Commissioner subsequent to the first elected Commissioners shall apply to the election of the first Chairman with the substitution therein of the Commissioners for the representatives and the modification that the statement prepared at the conclusion of the election shall be sent to the Minister.

CURRENCY ACT, 1927

Statutory Text (4 Articles)

Need to analyze how this provision applies to your matter?