§ MR. CAIRDsaid, he would beg to ask the Chancellor of the Exchequer whether Drafts or Orders on Bankers in the form of "Debit my account £10," or "Pay myself £10," but not including the words "Bearer on demand," may be drawn at and paid over the Bank counter without a penny stamp; and whether, notwithstanding the recent Act, such unstamped cheques are legal?
THE CHANCELLOR OF THE EXCHEQUERsaid, that Drafts or Orders on Bankers in the form of "Debit my account 1312 £10," or "Pay myself £10," but not including the words "Bearer on demand," were liable, as the Government were advised, to the same stamps which were provided for by the old Act, and not at all affected by the new one. At the same time, the Government were also advised that if the drafts were really paid to the person who drew them over the counter, they were legal without any stamp.