Australian Joint Stock Bank Act 1874 No ajs (NSW)

An Act to continue for a further period of twenty-one years the provisions of " The Australian Joint Stock Bank Act" (as amended) whereby the Australian Joint Stock Banking Company as thereby in- corporated was empowered to make issue and circulate Bank-notes or Bills. [5th February, 1874.]

(as amended by the Act nineteenth Victoria intituled " An Act to amend 'The Australian Joint Stock Bank A c t ' " ) empowering the said Banking

WH E R E A S by the terms of the fifth section of " The Australian Joint Stock Bank A c t " the provisions therein contained for

empowering the Australian Joint Stock Banking Company to make

issue circulate and re-issue Bank-notes or bills in manner therein pro­ vided were thereby limited to a period of twenty-one years to commence as therein mentioned And whereas the said period of twenty-one years will shortly expire and it is expedient to continue the said pro­ visions for a further period of twenty-one years Be it therefore enacted by the Queen's Most Excellent Majesty by and with the advice and consent of the Legislative Council and Legislative Assembly of New South Wales in Parliament assembled and by the authority of the same as follows :—

1. The provisions of " T h e Australian Joint Stock Bank A c t "

Banking Company as thereby incorporated to make issue circulate and re-issue Bank-notes or bills subject to the provisions in the said Act contained shall be and are hereby extended and shall continue and remain in force for the period of twenty-one years from the passing of this Act and afterwards until the expiration of three calendar months after the commencement of the then next Session of Parliament.