the-ordinances-of-the-legislative-counci-1890v4 — Page 36

ORDINANCE No. 9 of 1885 . 1853


Bills of Exchange.


(2. ) An instrument which does not comply with these conditions ,
or which orders any act to be done in addition to the payment of money ,
is not a bill of exchange.

(3. ) An order to pay out of a particular fund is not unconditional
within the meaning of this section ; but an unqualified order to pay,
coupled with (a) an indication of a particular fund out of which the
drawee is to re-imburse himself or a particular account to be debited with
the amount, or (b) a statement of the transaction which gives rise to the
bill, is unconditional .


(4. ) A bill is not invalid by reason

(a.) That it is not dated ;

(6. ) That it does not specify the value given , or that any value

has been given therefor ;

(c.) That it does not specify the place where it is drawn or the
place where it is payable.


4. ( 1. ) An inland bill is a bill which is or on the face of it purports Inland and
foreign bills.
to be ( a ) both drawn and payable within this Colony , or ( b ) drawn
within this Colony, upon some person resident therein. Any other bill
is a foreign bill .

(2 ) Unless the contrary appear on the face of the bill the holder
may treat it as an inland bill.


5. (1. ) A bill may be drawn payable to, or to the order of, the Effect where
different
drawer ; or it may be drawn payable to , or to the order of, the drawee. parties to
bill are the
same person .
(2. ) Where in a bill, drawer and drawee are the same person , or
where the drawee is a fictitious person or a person not having capacity

to contract, the holder may treat the instrument, at his option , either as a
bill of exchange or as a promissory note.

6. ( 1. ) The drawee must be named or otherwise indicated in a bill Address to
drawee.
with reasonable certainty.


(2. ) A bill may be addressed to two or more drawees whether they
are partners or not, but an order addressed to two drawees in the
alternative or to two or more drawees in succession is not a bill of

exchange.