the-ordinances-of-the-legislative-counci-1890v2 — Page 157

BILLS OF EXCHANGE . [ 9 OF 1885. ] 747

Conflict of laws.
72. Where a bill drawn in one country is negotiated, accepted , law's where.
Rulesconflict
or payable in another, the rights, duties, and liabilities of the
parties thereto are determined as follows :
( 1. ) The validity of a bill as regards requisites in form is
determined by the law of the place of issue, and the validity as
regards requisites in form of the supervening contracts, such as
acceptance, or indorsement, or acceptance suprà protest, is
determined by the law of the place where such contract was
made .

Provided that

( a. ) Where a bill is issued ont of this Colony it is not
invalid by reason only that it is not stamped in
accordance with the law of the place of issue :
( 6. ) Where a bill, issued out of this Colony, conforms, as
regards requisites in form , to the law of this Colony,
it may , for the purpose of enforcing payment thereof,
be treated as valid as between all persons who
negotiate, hold, or become parties to it in this
Colony.
(2. ) Subject to the provisions of this ordinance, the inter
pretation of the drawing, indorsement, acceptance, or acceptance
suprà protest of a bill, is determined by the law of the place
where such contract is made.

Provided that where an inland bill is indorsed in a foreign
country the indorsement shall as regards the payer be interpreted
according to the law of this Colony.
3.) The duties of the holder with respect to presentment
for acceptance or payment and the necessity for or sufficiency
of a protest or notice of dishonour, or otherwise, are determined
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by the law of the place where the act is done or the bill is .
dishonoured .

( 4. ) Where a bill is drawn out of but payable in this Colony
and the sum payable is not expressed in the currency of this
Colony, the amount shall, in the absence of some express
stipulation, be calculated according to the rate of exchange for
sight drafts at the place of payment on the day the bill is
payable.
( 5. ) Where a bill is drawn in one country and is payable in
another, the due date thereof is determined according to the
law of the place where it is payable.