BANK OF SCOTLAND STOCK. AVERAGE PRICE OF STOCK AND RATE OF DIVIDEND AND BONUS PAID. RULES TO 9 17 10 NOTES AND BE OBSERVED AT THE EXCHANGES OF GENERAL SETTLEMENTS OF BALANCES BETWEEN THE BANKS IN EDINBURGH. 1. There shall be exchanges of notes, and general settlements of these exchanges, and of the Clearing House, as follows: The general settlements shall be made by the clearing clerks. 2. When Monday is a holiday, the general settlement shall be made on Tuesday, but there shall be no exchange of notes on that day; when Thursday is a holiday, the general settlement shall be made on Friday; when Saturday is a holiday, there shall be an exchange on Friday afternoon. When the term day falls on a Saturday, the exchange shall meet in the afternoon, at such hour as may be agreed upon. 3. The clerks shall be in attendance punctually at the hours stated, fifteen minutes after which the doors are to be closed, and the notes in the hands of the banks not represented excluded until next exchange. Such banks shall, however, retire, in accordance with Rule VII., the notes brought into the exchange against them by other banks. 4. Each bank shall be represented by at least two clerks. On arriving at the exchange room, one of the clerks shall deliver the notes and the other clerk shall remain in the box to receive the notes from the other banks. Unless there is a clerk to receive them, on no account shall any notes be passed through the wickets. No one shall enter the box of another bank,—the door must be kept locked. 5. The clerks from each bank shall all remain in the exchange room until the whole of the notes received by them have been counted, and at least one clerk from each bank shall remain until the whole of the notes delivered by that bank have been counted. The notes received from any one bank shall not be mixed with those received from the other banks until they have been found to agree with the specification received along with them. In case of a dispute arising on any occasion as to the amount contained in any parcel of notes, received or delivered by a bank which has infringed the rules in this clause, such bank shall, in the absence of conclusive evidence in its favour, be held to be in the wrong. To prevent any undue delay in counting the notes, each of the banks shall provide a competent staff for that purpose, to the satisfaction of the settling bank of the day. The attention of the clerks is specially directed to Rules Nos. 3, 4, and 5,-the infringement of which by any one of them must be reported to his head office by the presiding exchange clerk. 6. The settlements shall be undertaken each alternate month by the Bank of Scotland and by the Royal Bank of Scotland; but neither bank shall be held to incur any responsibility in respect of these transactions. On Monday and Thursday the balances shall be included in the general settlement of the exchange and clearing. On Tuesday, Wednesday, Friday, and Saturday morning, unless when a general settlement falls on any of these days, the exchange balances shall be combined with the general balance of the clearing of the same day. On Saturday afternoon the settling bank shall |