Bank Restriction Act 1797

Restriction on Cash Payments Act 1797
Act of Parliament
	Parliament of Great Britain
Long title	An Act for confirming and continuing for a limited time, the restriction contained in the minute of council of the twenty-fifth of February one thousand seven hundred and ninety-seven, on payments of cash by the bank.
Citation	37 Geo. 3. c. 45
Territorial extent	Great Britain
Dates
Royal assent	3 May 1797
Commencement	27 September 1796
Expired	2 December 1797
Repealed	21 August 1871
Other legislation
Amended by	Restrictions on Cash Payments Act 1797; Restriction on Cash Payments (No. 2) Act 1797; Continuance of Laws Act 1800; Restriction on Cash Payments Act 1802; Restrictions on Cash Payments Act 1803; Restriction on Cash Payments Act 1803;
Repealed by	Statute Law Revision Act 1871
Relates to	Restriction on Cash Payments Act 1814; Restriction on Cash Payments Act 1815; Restriction on Cash Payments Act 1816; Restriction on Cash Payments Act 1818; Restriction on Cash Payments Act 1819; Resumption of Cash Payments, etc. Act 1819;
Status: Repealed
Text of statute as originally enacted

The Bank Restriction Act 1797 (37 Geo. 3. c. 45) was an act of the Parliament of Great Britain which removed the requirement for the Bank of England to convert banknotes into gold. The period lasted until 1821, when convertibility was restored. The period between these two dates is known as the Restriction period.