As the business of granting cash credits is more common in Scotland than in England or Ireland, it will suffice to give the forms of such bonds as used by one of the banks in the former country. It will be seen that the latter part has a reference to the peculiar law of Scotland, but the form can easily be adapted for the use of banks established in England in such cases where such banks have no form of their own :-

Form of Bond where an Individual is the principal

Obligant.

We, A. B.. of , C. D., of and E. F., of , Considering that the Directors of the Bank of Scotland have agreed to allow us credit upon an Account Current or Cash Account, to be kept in the books of the said Bank at , to the amount of sterling, upon our granting these presents, do therefore hereby bind and oblige ourselves, and our heirs, executors, successors, and representatives whomsoever, without the necessity of discussing them in their order, all jointly and severally, to make payment on demand, at any time after three months from the last date hereof, to the said

Bank of Scotland, or to the assignees of the said Bank, and the heirs and successors whatsoever of such assignees, of the said sum of or such part or parts thereof as shall at any time be due upon the said Cash Account, with Twenty Pounds sterling of penalty for every hundred pounds of principal in case of failure in payment, and proportionally for more or less, and together also with interest of the principal sum or sums which may be due on the said account from the re-spective times of the advance, as appearing in the stated account after-mentioned, until the same shall be repaid, at the rate of five pounds per centum per annum, or at such higher rate or rates as shall be charged by the said Bank for the time upon their advances upon Cash Accounts : Declaring that the said Bank shall have power to fix and to alter the rate of interest from time to time without notice given to us the said obligants, or to of us, or our foresaids: And it is hereby declared, that the sums to be placed to the debit of the said Cash Account shall include not only all sums of money which shall be advanced, or shall have been advanced by the said Bank to the said upon drafts or orders upon the said Cash Account, or upon the said

Bank of Scotland, or the manager of the said Bank for the time, or upon the manager or agent of the said Bank at any branch office of the said Bank, where the said Cash Account may be kept at the time, but also all other advances of every kind which the said Bank at any time shall make or become responsible for, or shall have made or become responsible for, to or on account, or on the credit of the said and generally all sums which the said shall at any time be owing or in any way liable for to the said Bank; the amount of all which debts and liabilities the said Bank shall be entitled at any time to place to the debit of the said Cash Account; But without prejudice always to any other securities held or that may be held by the said Bank for such debts and liabilities, and Declaring that it shall be in the option of the said Bank to charge the same to the said Cash Account or not, as the directors shall think fit; And it is hereby further declared, that the said Cash Account may be kept at any office or branch of the said Bank of

Scotland, at the pleasure of the directors; and it is hereby further declared, that a stated Account signed by the manager or accountant of the said

Bank of Scotland at Edinburgh, or by any of their clerks, or by any of the agents or accountants of the said Bank at any branch office of the said Bank where the said Cash Account may be kept at the time, or by the creditors under these presents for the time, shall be sufficient to ascertain and constitute a balance and charge against us and our foresaids, and shall also sufficiently ascertain and fix the rate or rates and the amount of interest chargeable on the said advances which shall have been made to me the said upon the said Cash

Account as aforesaid, and that no suspension of a charge or threatened charge for payment of the balance so ascertained, at the instance of us, or of us or our foresaids shall be presented or passed, except on consignation of the sums charged for or claimed, by the said Bank. And we consent to registration for preservation and execution.-In witness whereof, etc.

Form of Bond where a Firm or Company are the principal

Obligants.

We, A. B., of , C. D., of and E. F., of , the individual partners of the Company carrying on business as under the firm of B. D. and F.; And we, G. H., of

, and I. J., of , considering that the directors of the Bank of

Scotland have agreed to allow us credit upon an Account Current or Cash Account, to be kept in the books of the said Bank at , to the amount of sterling, upon our granting these presents : Therefore we, the said A. B., C. D., and E. P., do hereby bind and oblige ourselves, both as partners of the said

Company, and as individuals, and our heirs, executors, successors, and representatives whomsoever, without the necessity of discussing them in their order, and also the said Company of , and stock and profits thereof, and we, the said G. H. and I. J. do hereby bind and oblige and heirs, executors, successors, and representatives whomsoever, without the necessity of discussing them in their order,-"We the said obligants and our foresaids and the said Company being all hereby bound jointly and severally,-to make payment on demand, at any time after three months from the last date hereof, to the said Bank of Scotland, or to the assignees of the said Bank, and the heirs and successors whatsoever of such assignees, of the said sum of , or such part or parts thereof as shall at any time be due upon the said Cash Account, with Twenty Pounds Sterling of penalty for each hundred pounds of principal, in case of failure in payment, and proportionally for more or less, And together also with interest of the principal sum or sums which may be due on the said Account, from the time or respective times of the advance, as appearing in the stated Account after mentioned, until the same shall be repaid, at the rate of Five pounds per centum per annum, or at such higher rate or rates as shall be charged by the said Bank for the time upon their advances on Cash Accounts : Declaring that the said Bank shall have power to fix and to alter the rate of interest from time to time without any notice given to us the said obligants, or to any of us, or to the said Company : And it is hereby declared that the sums to be placed to the debit of the said Cash Account shall include not only all sums of money which shall be advanced or shall have been advanced by the said Bank to the Company of upon their drafts or orders upon the

Cash Account, or upon the said Bank of

Scotland, or the manager of the said Bank for the time, or upon the manager or agent of the said Bank at any branch office of the said Bank where the said Cash Account may be kept at the time, but also all other advances of every kind which the said Bank at any time shall make or become responsible for, or shall have made or become responsible for, to or on account, or on the credit of the Company of and generally all sums which the Company of shall at any time be owing or in any way liable for to the said Bank; the amount of all which debts and liabilities the said Bank shall be entitled at any time to place to the debit of the said Cash Account; But without prejudice always to any other securities held by the said Bank for such debts and liabilities, and Declaring that it shall be in the option of the said Bank to charge the same to the said Cash Account or not, as the said Bank shall think fit; And declaring also that the said Cash Account may be kept at any office or branch of the said Bank of

Scotland at the pleasure of the Bank; And it is hereby specially provided and declared, that although any changes may take place in the copartnery of as at present existing, by the expiry or other determination of the existing contract of copartnery, or by the death or retirement of the present partners, or of them, or by the assumption of new partners or otherwise, we, the said obligants and the said Company of shall still remain bound jointly and severally to the said Bank and their foresaids for the said sum of or such part or parts thereof as the said Bank shall at any time advance or become responsible for, or shall have advanced or become responsible for, as aforesaid, to or on account or on the credit of the surviving and continuing partner of the present copartnery under the said firm of or to or on account or on the credit of any copartnery carrying on business under that firm of which we the said or of us shall be partners or a partner, or to or on account or on the credit of any person or persons, or any copartnery (whether we or of us shall be partners or a partner in such copartnery or not) who shall carry on business under that firm, and shall deal with the said Bank in continuation of the account and dealings of the present or any other previous copartnery under that firm, or as in the place of the present or any other previous copartnery, with interest and penalty as aforesaid, and generally for all the debts and liabilities of any such person or persons or co-partnery to the said Bank, so far as the same may be charged to the said account, as aforesaid; but without prejudice to the claims of the said Bank against the other partners of any such copartnery, or any other person or persons who may be bound or liable for the same : It being hereby expressly stipulated and agreed that such surviving and continuing partner of the present copartnery, or any such new or altered copartnery as aforesaid, shall be entitled to operate under the said firm on the said Cash Account, and that the obligations herein contained, and the security constituted by these presents, are and shall be applicable to all the debts and liabilities to the Bank of the person or persons or copartnery entitled so to operate under this provision and declaration, as well as to all the debts and liabilities to the Bank of the said copartnery of as now constituted, so long as the said credit shall be continued by the said Bank, or until notice shall have been given by some one or more of the obligants under these presents to the manager, or secretary, or accountant of the said Bank in Edinburgh, that their liability for any such copartnery is to cease; And it is hereby further declared that a stated account, signed by the manager, or secretary, or accountant of the said Bank of Scotland in Edinburgh, or by any of the agents or accountants of the said Bank at any branch office of the Bank where the said Cash Account may be kept at the time, shall be sufficient to ascertain and constitute a balance and charge against us the whole obligants in these presents and our foresaids, and against the said Company, and that such a stated account, or a statement or certificate under the hand of the creditors in these presents for the time, shall sufficiently ascertain and fix the amount of interest chargeable on the advances upon the said Cash Account as aforesaid, and that no suspension of a charge or threatened charge for payment of the balance so ascertained, at the instance of us or of us, or our foresaids, or of the said Company, shall be passed, or presented, except on consignation of the sums charged for or claimed by the said Bank or their foresaids.-And we consent to registration for preservation and execution.-In witness whereof, etc.