(1) It shall be lawful for the Commission to provide and issue to the Shareholding Banks in accordance with this Act bank notes to be known and in this Act referred to as "consolidated bank notes".
(2) Every consolidated bank note shall be of one of the following denominations that is to say one pound, five pounds, ten pounds, twenty pounds, fifty pounds, and one hundred pounds.
(3) Every consolidated bank note shall be of such form, size, and design, and printed in such manner and on such paper and be numbered and authenticated in such manner as the Commission shall prescribe.
(4) Consolidated bank notes shall be deemed to be bank notes within the meaning of the Forgery Act, 1913, and any other enactment relating to offences in respect of bank notes for the time being in force in Saorstát Eireann and to be valuable securities within the meaning of the Larceny Act, 1861, the Larceny Act, 1916, and any other law relating to stealing which is for the time being in force in Saorstá