I wrote to the Govenor of the Bank of England via e-mail. The response is here, included in their reply is the contentof my e-mail.
BANK OF ENGLAND
Public Information and Enquiries Group
Public Communications and Information Division
T 020 7601 4878
F 020 7601 5460
enquiries@bankofengland.co.uk
Via email to:
d@gmail.com
10 July 2012
Please quote ref. FF 26762 on all
correspondence
Dear Mr
Thank you for your email of 13 June to the Governor in which you ask the following questions under the
Freedom of Information Act 2000 ('Fol Act'). Your email has been passed to me to answer on the
Governor's behalf.
'Are personal promissory notes legal tender and are banks required to accept them?'
'How do you perceive the position of'ACCEPTED FOR VALUE, AND RETURNED FOR VALUE"?'
You refer to the term 'personal promissory notes' in your first question by which I assume you simply
mean a note issued by an individual. If that is the case, then the answer is that they would not be legal
tender and banks are not required to accept them.
Regarding your second question, I am afraid that it is not clear to me what you are asking or what
information you seek. In order to try and assist you it would be helpful if you could clarify your question.
Thank you again for your enquiry. I thought you might like to know that the Governor is made aware of all
correspondence addressed to him along with the points which correspondents make.
Yours sincerely
Jackie Keating
Public Information and Enquiries Group
Bank of England, Threadneedle Street, London EC2R 8AH T +44 (0)20 7601 4444 www.bankofengland.co.uk
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