"Payable 31st October."

Question 65.— A bill dated 28th August, and payable two months after date, which would make it due on 31st October, is accepted by the drawee, who adds to his acceptance the following words: "Payable 31st October." Does this affect the due date?

Answer.—We presume our correspondent thinks that if the acceptor's statement is to be treated as part of the bill, three days of grace must be allowed after 31st October, but we do not think that it has this effect. The bill, according to the Act, is " due, and payable on the last day of grace," and the acceptor has merely noted this in a concrete form.

If it were otherwise, the acceptance would not be one which the holder should take.