Question 175. - Please distinguish between an English time and demand bill of exchange. If a bill were sent to London office for collection, payable on demand in Edinburg, Scotland, would this be considered a demand or time bill?

Answer. - An English time bill is a bill drawn in terms calling for its payment otherwise than on demand, or at sight, which in Great Britain is the same thing. A bill such as that described would be a demand bill and be payable on presentation in Edinburg.