🚀 go-pugleaf

On 13/02/2018 10:09, Huge wrote:
> On 2018-02-13, AndyW <An...@nojunqmail.com> wrote:
>> On 09/02/2018 10:21, Huge wrote:
>>> On 2018-02-09, AndyW <An...@nojunqmail.com> wrote:
>>>
>>> [snippage]
>>>
>>>> The Royal bank of Scotland is
>>>> currently the only UK bank that continues to issue the £1.
>>>>
>>>> I am aware that there are now two partially open cans of worms regarding
>>>> the term UK and also regarding the definition of legal tender in the UK.
>>>> Give me a moment and I will get my tin hat and sandbags.
>>>
>>> Tee-hee.
>>>
>>> Scottish banknotes are, of course, not legal tender, so by the arguments
>>> being proposed by some of the "experts" here aren't actually money.
>>
>> There is a difference between legal tender and legal currency. Scottish
>> note are not legal tender anywhere (including Scotland IIRC) but they
>> are legal currency.
> 
> They are no such thing.

The issue of Scottish (and NI) banknotes is authorised by UK parliament 
and underwritten by the Bank of England. This is set out in the Banking 
Act 2009 Part 6 Banknotes: Scotland and Northern Ireland.
You can google the actual law

This is from the governing body for Scottish Clearing banks, it should 
be authoritive

<https://www.scotbanks.org.uk/banknotes/legal-position.html>

"Scottish Banknotes are legal currency – i.e. they are approved by the 
UK Parliament.  However, Scottish Bank notes are not Legal Tender, not 
even in Scotland.  In fact, no banknote whatsoever (including Bank of 
England notes!) qualifies for the term 'legal tender' north of the 
border and the Scottish economy seems to manage without that legal 
protection."

Perhaps you would like to state why you maintain that they are not legal 
currency? With a cite?

Andy