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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 May 2003 - onwards
Version 3 of 3

35. Restrictions on amount of consolidated bank notes outstanding.

(1) The maximum amount of consolidated bank notes which may be outstanding with any particular Associated Bank mentioned in the second column of Schedule 4 -

(a) on any day during the period commencing on the day after the date of the passing of this Act and ending on the 31st day of December, 1944, shall not exceed the amount stated in the third column of Schedule 4 opposite the name of such Associated Bank in the second column of that Schedule;

(b) on any day during the triennial period ending on the 31st day of December, 1947, shall not exceed the amount stated in the fourth column of Schedule 4 opposite the name of such Associated Bank in the second column of that Schedule;

(c) on any day during the triennial period ending on the 31st day of December, 1950, shall not exceed the amount stated in the fifth column of Schedule 4 opposite the name of such Associated Bank in the second column of that Schedule;

(d) on any day during the triennial period ending on the 31st day of December, 1953, shall not exceed the amount stated in the sixth column of Schedule 4 opposite the name of such Associated Bank in the second column of that Schedule.