A.D. 1885.
ler the in-
particular der an in- W way of render the ufficient in.
? existence
as by this
›ills of ex-
notes,
be deem-
orser of a cepted bill
es. name-
? unneces
meaning it is done
writing is he should
is written
e any in- if the in-
g the bill
A.D. 1885.]
BILLS OF EXCHANGE.
[No. 3.
of time.
489
92.--(1.) Where by this Ordinance the time limited for doing any act or thing is less than three days, in reckoning time, non-business days are excluded.
(2.) "Non-business days", for the purposes of this Ordinance, mean Sundays and public holidays and bank holidays, within the meaning of these terms as used in the Holidays Ordinance, 1875.
No. 2 of 1875,
protest.
93. For the purposes of this Ordinance, where a bill or note is required to be protested within a specified time or before some further proceeding is taken, it is sufficient that the bill has been noted for protest before the expiration of the specified time or the taking of the proceeding; and the formal protest may be extended at any time thereafter as of the date of the noting.
notary not
94. (1.) Where a dishonoured bill or note is authorized or required to be protested, and the services of a notary cannot be obtained at the place where the bill is dishonoured, any householder or substantial resident of the place may, in the presence of two witnesses, give a certificate, signed by them, attesting the dishonour of the bill, and the certificate shall in all respects operate as if it were a formal protest of the bill.
(2.) The form in the Schedule to this Ordinance may be used, with necessary modifications, and, if used, shall be sufficient.
95. The provisions of this Ordinance relating to crossed cheques shall apply to a warrant for payment of dividend.
dividend warrant.
96. (1.) The rules in bankruptcy relating to bills of exchange, promissory notes, and cheques shall continue to apply thereto, notwithstanding anything in this Ordinance.
(2.) The rules of common law, including the law merchant, save in so far as they are inconsistent with the express provisions of this Ordinance, shall continue to apply to bills of exchange, promissory notes, and cheques.
(3.) Nothing in this Ordinance shall affect---
(4) the provisions of any Stamp Ordinance for the time being in force or any law or enactment for the time being in force relating to the revenue; or
dinance No. 10 of 1901.
(6.) the provisions of the Companies Ordinance, 1865, or any Ordinances amending it, or any Ordinance relating to joint stock banks or companies: or
(e) the validity of any usage relating to dividend warrants or the indorsements thereof.
Page 30
Page 31
..D. 1885.
ler the in-
particular der an in- W way of render the ufficient in.
? existence
as by this
›ills of ex-
notes,
be deem-
orser of a cepted bill
es. name-
? unneces
meaning it is done
writing is he should
is written
e any in- if the in-
g the bill
A.D. 1885.]
BILLS OF EXCHANGE.
[No. 3.
of time.
489
92.--(1.) Where by this Ordinance the time limited for doing any Computation act or thing is less than three days, in reckoning time, non-business days are excluded.
(2.) Non-business days", for the purposes of this Ordinance, mean Sundays and public holidays and bank holidays, within the meaning of these terms as used in the Holidays Ordinance, 1875.
No. 2 of 1875,
protest.
93. For the purposes of this Ordinance, where a bill or note is re- When noting quired to be protested within a specified time or before some further equivalent to proceeding is taken, it is sufficient that the bill has been noted for protest before the expiration of the specified time or the taking of the proceed- ing; and the formal protest may be extended at any time thereafter as of the date of the noting.
notary not
94. (1.) Where a dishonoured bill or note is authorized or required Protest when to be profested, and the services of a notary cannot he obtained at the accessible. place where the bill is dishonoured, any householder or substantial re- sident of the place may, in the presence of two witnesses, give a certi- ficate, signed by them, attesting the dishonour of the bill, and the certi- ficate shall in all respects operate as if it were a formal protest of the bill.
(2.) The form in the Schedule to this Ordinance may be used, with Schedule. necessary modifications, and, if used, shall be sufficient.
95. The provisions of this Ordinance relating to crossed cheques shall Crossing of apply to a warrant for payment of dividend.
dividend warrant.
96. (1.) The rules in bankruptcy relating to bills of exchange, pro- Savings. missory notes, and cheques shall continue to apply thereto, notwithstand- ing anything in this Ordinance.
(2.) The rules of common law, including the law merchant, save in so far as they are inconsistent with the express provisions of this Ordi- nanee, shall continue to apply to bills of exchange, promissory notes, and cheques.
(3.) Nothing in this Ordinance shall affect---
(4) the provisions of any Stamp Ordinance for the time being in see Or-
force or any law or enactment for the time being in foree relat- ing to the revenue; or
dinance N», 10 of 1901.
(6.) the provisions of the Companies Ordinance, 1865. or any Or- No. 1 of 1865.
dinances amending it, or any Ordinance relating to joint stock banks or companies: or
(e) the validity of any usage relating to dividend warrants or the
indorsements thereof.
Page 30Page 31
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