Clause 29. — (Stamping of Foreign Bills of Exchange.)

Part of Orders of the Day — FINANCE (No. 2) BILL – in the House of Commons at 12:00 am on 12th June 1967.

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I take, because it is the simplest and cheapest and, therefore, the best example from the Government's point of view, the case of a bank which has its own printing works and does its own marking. This operation is the same for inland bills of exchange in the form of cheques. It involves two printing operations and security problems as well. It involves returns from each branch of the bank to its head office of the number of cheques—I call them cheques because that is simpler and people understand it better than bills of exchange—received from the printers, the number issued to customers, and those sent back for destruction.