Question 411.— A paper dated at St. John signed by a person residing at a distance, and made in the form of a cheque, but having the name of the bank upon which it is drawn, erased, is received by a bank from an outside correspondent.

(a) What is the legal nature of such a paper ?

(b) To whom and where must it be presented?

(c) Is it protestable?

(d) Does it amount to anything more than an I. O. U. ?

Answer.—From a banker's standpoint it is a non-negotiable instrument, and should be treated accordingly.