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	Statutes of Northern Ireland
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BANK OF IRELAND ACT 1821

BANK OF IRELAND ACT 1821 - LONG TITLE

An Act to establish an Agreement with the Governor and Company of
the Bank of Ireland, for advancing the Sum of Five hundred thousand
Pounds Irish Currency; and to empower the said Governor and Company
to enlarge the Capital Stock or Fund of the said Bank to Three
Millions.{1}
[2nd July 1821]
Preamble rep. by SLR 1890

S.1 (authorising the advance of five hundred thousand pounds by the
Bank of Ireland for the public service) and s.2 rep. by SLR 1873

BANK OF IRELAND ACT 1821 - SECT 3
Capital stock of the Bank to be extended from #2,500,000 to
#3,000,000.

3. In consideration of the said advance of five hundred thousand
pounds for the public service as aforesaid, the capital stock of
the Bank of Ireland shall be and the same is hereby increased and
extended from the sum of two millions five hundred thousand pounds
Irish currency, of which the same now consists, to the sum of
three millions Irish currency, making an increase or addition of
five hundred thousand pounds capital stock; and the said sum of
five hundred thousand pounds capital stock shall be appropriated and
divided amongst the several persons, bodies politic and corporate,
who shall be proprietors of the capital stock of the Bank of
Ireland on the twenty-fourth day of June one thousand eight hundred
and twenty-one, at the rate of twenty pounds for every one hundred
pounds of bank stock of which such persons, bodies politic and
corporate shall then be respectively proprietors, or which they shall
have standing in their respective names in the books kept by the
Bank of Ireland for the entry and transfer of such stock, and so
in proportion for a greater or lesser sum; and such division and
appropriation shall be placed to the credit of the respective names
of such persons, bodies politic and corporate, in the books of the
said governor and company accordingly; and all such persons, bodies
politic and corporate shall, from the time of such division and
appropriation, be lawfully entitled to the additional sum of bank
stock so placed in or to the credit of their respective names, and
shall respectively be entitled to be paid the same rate of dividend
thereon, and to possess and enjoy the same profits, privileges and
advantages in respect thereof, in like manner to all intents and
purposes as they are or shall be entitled to be paid, possess, and
enjoy, in respect of the bank stock which shall stand in their
respective names previous to the said twenty-fourth day of June one
thousand eight hundred and twenty-one.

BANK OF IRELAND ACT 1821 - SECT 4
Increased capital stock to be assignable as original stock, and be
free from taxes, &c.

4. The capital stock of the Bank of Ireland, so increased as
aforesaid, shall be assignable and transferrable in the same manner
as the original capital stock of the said governor and company was
assignable and transferrable before the making of this Act, and,
together with the produce thereof, shall be free from parliamentary
taxes, charges, and impositions, and all other taxes, charges, and
impositions whatsoever; and the transfers or assignments of stock or
additional stock in the books of the said company shall not
hereafter be or be made liable to any higher or greater stamp or
other duties than are now payable for the transfers or assignments
of their present stock, or any part thereof; anything in this Act
contained or in any other Act or Acts of Parliament to the
contrary in anywise notwithstanding.

BANK OF IRELAND ACT 1821 - SECT 5
Notes of the Bank of Ireland to be received in payment of the
public revenue.

5. Until repayment to the Bank of Ireland of the said sum of five
hundred thousand pounds Irish currency, and all interest to become
due thereon, the promissory notes of the Bank of Ireland, expressed
to be paid to bearer on demand (called Bank of Ireland notes),
shall be received in payment of all sums of money which now are
or at any time hereafter shall become payable in Ireland, for or
in respect of any part of the public revenue of Ireland, and shall
be accepted and received accordingly by all collectors, receivers,
and other officers of the revenue of Ireland authorized to receive
the same, if offered to be so paid, fractional parts of [#1] only
excepted.

BANK OF IRELAND ACT 1821 - SECT 6
Persons in partnerships residing 50 miles from Dublin may borrow any
sum of money on bills and notes payable on demand, without being
liable to penalty.

6. It shall and may be lawful for any number of persons in
Ireland, united or to be united in societies or partnerships, and
residing and having their establishments or houses of business at
any place not less than fifty miles distant from Dublin, to borrow,
owe, or take up any sum or sums of money on their bills or notes
payable on demand, and to make and issue such notes or bills
accordingly, payable on demand, at any place in Ireland exceeding
the distance of fifty miles from Dublin, all the individuals
composing such societies or copartnership being liable and responsible
for the due payment of such bills and notes; and such persons
shall not be subject or liable to any penalty for the making or
issuing such bills or notes; anything in the Bank of Ireland Act
(Ireland), 1781, to the contrary notwithstanding.

BANK OF IRELAND ACT 1821 - SECT 7
Proviso against granting of other privileges to partnerships.

7. Provided always, that no further or other power, privilege, or
authority shall until after payment to the said governor and company
of all sum or sums of money which now are or hereafter shall or
may become due to them from government, be granted to any
copartnership or society or persons whatsoever, contrary to the laws
now in force for establishing and regulating the Bank of Ireland,
save and except the power of enabling such societies and
copartnerships as aforesaid, residing and carrying on their business
not less than fifty miles from Dublin, to sue and be sued in the
name of a public officer, should Parliament hereafter think fit to
grant such a power.

S.8 rep. by SLR 1873