Act of Parliament | |
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Long title | An Act for confirming and continuing for a limited time, the restriction contained in the minute of council of the twenty-fifth of February one thousand seven hundred and ninety-seven, on payments of cash by the bank. |
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Citation | 37 Geo. 3. c. 45 |
Dates | |
Royal assent | 3 May 1797 |
Expired | 2 December 1797 |
Other legislation | |
Repealed by | Statute Law Revision Act 1871 |
Status: Repealed |
Act of Parliament | |
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Long title | An Act to amend and continue, until one month after the conclusion of the present war, the provisions contained in an act, passed in the session of parliament of the thirty-sixth and thirty-seventh years of his present Majesty, chapter ninety-one, videlicet, on the twenty second of June one thousand seven hundred and ninety-seven, for the restriction on payments of cash by the bank. |
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Citation | 38 Geo. 3. c. 1 |
Dates | |
Royal assent | 30 November 1797 |
Text of statute as originally enacted |
The Bank Restriction Act 1797 was an Act of the Parliament of Great Britain (37 Geo. 3. c. 45) which removed the requirement for the Bank of England to convert banknotes into gold. The period lasted until 1821, when convertibility was restored. The period between these two dates is known as the Restriction period.