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Cheque clearing (or check clearing in American English) or bank clearance is the process of moving cash (or its equivalent) from the bank on which a cheque is drawn to the bank in which it was deposited, usually accompanied by the movement of the cheque to the paying bank, either in the traditional physical paper form or digitally under a cheque truncation system.
Cheques had been used since the 1600s in England and banks settled payments by direct courier to the issuing bank. Around 1770, they began meeting in a central location, and by the 1800s a dedicated space was established, known as a bankers' clearing house .
An Act to enable Corporations and Bodies Politic to participate of the Benefit of an Act lately passed, intituled, "An Act for the speedy and effectual reducing of the Rebels in His Majesty's Kingdom of Ireland to their due Obedience to his Majesty and the Crown of England." [c] (Repealed by Statute Law Revision Act 1950 (14 Geo. 6. c. 6))
Another act, the Currency Act 1764, extended the restrictions to the colonies south of New England. Unlike the earlier act, this act did not prohibit the colonies in question from issuing paper money but it forbade them to designate their currency as legal tender for public or private debts.
Crown Proceedings Act 1600 [1] still in force. 1600 c. 23 [a] 1600 c. 14 [d] 15 November 1600. The negligence of the kingis officiaris may be supplyit be thair ...
An Act for the Relief of the Poor codifies the English Poor Laws. 1602. 2 February (Candlemas night) – First recorded performance of Shakespeare's comedy Twelfth Night, in Middle Temple Hall, London. [7] 3–4 October – Battle of the Narrow Seas: an English fleet pursues six Spanish galleys through the Strait of Dover.
The Currency Act 1764 (4 Geo. 3. c. 34) extended the 1751 act to all of the British colonies of North America. Unlike the earlier act, this statute did not prohibit the colonies from issuing paper money, but it did forbid them from designating future currency issues as legal tender for public and private debts.
The Burying in Woollen Acts 1666–80 were acts of the Parliament of England (citation 18 & 19 Cha. 2.c. 4 (1666), [1] [2] 30 Cha. 2.c. 3 (1678) [3] and 32 Cha. 2.c. 1 (1680) [4]) which required the dead, except plague victims and the destitute, to be buried in pure English woollen shrouds to the exclusion of any foreign textiles.