Exchequer Bills and Bonds Act, 1866

Manufacture of paper for Exchequer bills.

18. The Bank of England, or such person or persons as the Treasury shall direct, shall cause to be provided such paper and such machinery as may be necessary for the making of paper to be used as such Exchequer bills, and to receive the impression of the dies, plates, or other instruments which have been or shall be provided, made, or used, under the direction of the Treasury, for Exchequer bills, which paper shall have such distinguishing marks in the substance of the same as the Treasury shall from time to time order; and it shall be lawful for the Treasury from time to time, as they shall see fit, to direct the alteration of any such distinguishing marks, either by the removal of any of them, and the substitution of other distinguishing marks, or by any change in the position or arrangement thereof; and all such machinery shall be provided, and all such paper shall be made, under such regulations and by such person or persons as the said Bank of England or other person or persons directed by the Treasury shall from time to time appoint for that purpose; and all the said machinery shall be kept by such officer or officers or other person as the said Bank of England or other person or persons directed by the Treasury shall appoint; and all the paper so made shall, as the same is required, be delivered over to the Bank of England, or to such officer or warehouse keeper as they shall direct to receive and take charge of the same.