342
14. Geo. 5. c.52.44. Geo. 5 c. 25.
]W r mParl.l.§ 5.
."WmParl. 1. §5.
traordinary Director?. They are all chosen annual,ly, on the last Tuesday of March, by the Stock-holders at large. The Governor must hold, at theleast, 2000/. of stock; the Deputy-Governor, 1500/.;and each Director, 750/. They swear to be equalto all persons. L.250 of Stock give a vote in elec-tion of Directors. Proprietors above 250/. have avote for each 250/., to the extent of 5000/. Nonecan have above twenty votes.
IX. The executive part is conducted by a Trea-surer, Secretary, and other public Officers, all sworn.Those having the official charge of cash, find duesecurity. No Director can hold any inferior office.
X. The Board of Directors sits, and the generaladministration of the Bank , and local business of E-dinburgh, are conducted, at the Bank ’s public headoffice there. For tlie other parts of the kingdom,the Bank has its regular public offices in the princi-pal towns thereof, under the official and subordinateadministration, to the extent, and in the terms af-ter-mentioned, of its Agents, and counter-check ofits Accountants. Its agents give due security.
XI. The Bank takes in money, at all its publicoffices, on deposit receipts or promissory notes. Atthe head office, draughts on London , or on any ofthe agencies, are given. At each agency, draughtson London , or on the head office, are given. Allthese documents are on the Bank ’s engraved check,and sealed with the Bank 's seal. They are signed,if at Edinburgh, by the Treasurer , and counter-signed by the principal Accountant. If at an agen-cy, they must be signed by the Bank ’s agent as a-gent, and countersigned l/y the Bank ’s accountant forthat agency; otherwise they infer no obligation onthe Bank .
XII. The Bank , which, till lately, allowed only3 per cent, on money deposited with it at its headoffice, now allows 4 per cent, on money so deposit-ed, if it lye six months.
XIII. Bills on London, Edinburgh , or any townwhere the Bank has its official correspondents, arediscounted, and purchased at all the Bank ’s publicoffices. The Bank ’s agents judge, in ordinary cases,