- “foreign currency” and “gold” have the same meanings respectively as they have in the 1947 c. 14.Exchange Control Act 1947.
Bills of exchange and promissory notes.
1882 c. 61.
3.—(1) Section 92 of the Bills of Exchange Act 1882 (which, in a case in which the time limited by that Act for doing any act or thing is less than three days, excludes non-business days from the reckoning of that time, and defines such days for the purposes of the Act) shall have effect as if, in paragraph (a) of the definition of non-business days, “Saturday” were inserted immediately before “Sunday”.
This subsection shall not operate to extend any period expiring at or before the time it comes into force.
(2) For section 14(1) of the Bills of Exchange Act 1882 (under or by virtue of which the date of maturity of a bill or promissory note that does not say otherwise is arrived at by adding three days of grace to the time of payment as fixed by the bill or note, but is advanced or postponed if the last day of grace is a non-business day) there shall be substituted, except in its application to bills drawn and notes made before this subsection comes into force, the following paragraph—
- “(1) The bill is due and payable in all cases on the last day of the time of payment as fixed by the bill or, if that is a non-business day, on the succeeding business day.”
(3) This section shall come into force at the expiration of one month beginning with the date on which this Act is passed.
Consequential and supplementary.
4.—(1) Except as otherwise provided by this Act, in any enactment or instrument passed or made before the coming into force of this section (including an enactment of the Parliament of Northern Ireland or instrument having effect under such an enactment) any reference to a bank holiday under the 1871 c. 17.
1875 c. 13.Bank Holidays Act 1871 or a holiday under the Holidays Extension Act 1875 shall have effect as a reference to a bank holiday under this Act.
(2) In section 94(2) of the 1961 c. 34.Factories Act 1961 (which specifies for England and Wales Christmas Day, Good Friday and holidays under the Holidays Extension Act 1875 as the days to be allowed as holidays to women and young persons) for the words “and every bank holiday” there shall be substituted the words “and the days specified as bank holidays in England and Wales by Schedule 1 to the Banking and Financial Dealings Act 1971 other than 27th December in a year in which 25th December is a Sunday, except that, if in any year it is declared under section 1(2) of that Act that any of those days shall not be a bank holiday, the day substituted for that day by virtue of section 1(2) shall be substituted for it for the purposes also of this section”.
