Announcement of IBRD Floating Rate Note Borrowing in U.S. Market on April 17, 1984
After section 81 of the Bills of Exchange Act 1882 there shall be inserted the following section—.
In section 80 of the Bills of Exchange Act 1882 (protection to banker and drawer where cheque is crossed) after “crossed cheque” there shall be inserted “ (including a cheque which under section 81A below or otherwise is not transferable) ”.
In section 4(2)(a) of the Cheques Act 1957 (protection of bankers collecting payment of cheques, etc) there shall be inserted after the word “cheques” the words “ (including cheques which under section 81A(1) of the Bills of Exchange Act 1882 or otherwise are not transferable) ”.
This Act may be cited as the Cheques Act 1992.
This Act shall come into force at the end of the period of three months beginning on the day on which this Act is passed.