Member Since: 18 Mar 2007
Location: Dorset
Posts: 5011
robbo770 wrote:
Strange how we can't have the pound and yet for years if you gave a Scottish Pound down south the number of times it got refused as not legal currency still makes me laugh, so we do have our own Scottish pound already!!!
what a lot of hot air with no real substance from both sides of Hadrian's Wall!
Technically, I don't think the Scottish pound is legal tender anywhere in the UK – not even in Scotland – they are legally defined as promissory notes. For every pound an authorised Scottish bank wants to print in the form of its own notes, it has to deposit the equivalent amount in sterling with the Bank of England as security. Without this, the value of locally printed Scottish Pounds would have no reference.
14th Feb 2014 2:01 am
Pelyma
Member Since: 06 Jan 2005
Location: Patching, Sussex
Posts: 15496
All cash is a Promissory Note, that is why it says, "I promise to pay the bearer on demand the sum of ...." on every note and signed by the chief cashier.DS3 TDV6 HSE - Silver with Alpaca (old one) Gone
DS3 TDV6 HSE- Silver with Alpaca (new one) Gone
D4 HSE Lux - Montalcino Red Gone
Porsche Cayenne V8 Diesel S
14th Feb 2014 5:16 am
Sloss
Member Since: 18 Aug 2013
Location: Aberdeenish
Posts: 1691
If it keeps raining in England, we won’t need to vote at this rate…..
Stew,
2010 D4 gone but I really loved it
Went back to Merc - C350 AMG
14th Feb 2014 8:33 am
crews control
Member Since: 18 Mar 2007
Location: Dorset
Posts: 5011
That's why I used the word "technically". There's a difference between legal tender and legal currency, although I note that robbo770 was careful to use the phrase "legal currency"
Technically, a Bank of England note isn't legal tender in Scotland either !!!
14th Feb 2014 8:47 am
euangibson
Member Since: 24 Dec 2010
Location: Borders
Posts: 11027
The only reason Scottish banks have their own notes is purely advertising....they are not legally allowed to issue each others notes.....the only notes that can be legally issued by all British banks are Bank of England notes
Personally the currency issue is now the central reason why this whole ill-thought out shambles should be rejected without a backward glance.....
We cross the border 5-6 times a week,and we do our weekly shop in England,(Berwick) as its the closest and most convenient.....are they really suggesting I will need to do a foreign exchange transaction to shop every week ?
Idiots "Better to remain silent and be thought a fool,than to speak out and remove all doubt" ?.....what rubbish...
Locking rear E-diff
RLD spare wheel protector & sump guard
Extended roof rails
Series 111 mudflaps
Black side tubes,grill and vents
Timed climate remote
Hids4u interior lights
D4 Firenze my2012 HSE
D3 Java 2005 SE manual (sold,sadly,thanks for the memories)
1966 '88 Series 2a....still starts in the morning better than I do...
14th Feb 2014 8:49 am
Robbie
Member Since: 05 Feb 2006
Location: ¯\_(ツ)_/¯
Posts: 17932
DG wrote:
...it would be like getting divorced but one party demanding a joint bank account.
Yep, that is how I see it.
Land Rover - Turning Drivers into Mechanics Since 1948
Member Since: 26 Oct 2013
Location: Argyll
Posts: 2884
Anyone who saw Sturgeon being interviewed last night will have seen how much this has her rattled. Unfortunately (or not) I missed Wee Eck on Newsnight as that might have been mildly entertaining too.Currently 2009 Disco 3 SE, 2013 MY D4 HSE and 2016 D4 SE
Previously:
TD5 Defender 110 CSW (230k miles)
300TDi Disco 1 (289k)
4 RR Classics (300-350k each, 2 manual, 2 auto)
110 V8 CSW (220k)
S3 109 hi cap pickup (ex RN)
S2A 88 Safari SW with lpg conversion (bloody lethal)
14th Feb 2014 9:27 am
grahamk
Member Since: 28 Feb 2010
Location: Dumgoyne
Posts: 1473
Sturgeon is just a horrible angry little female hound3 Flash Indicators
Clock on Dash
GVIF & Reverse Camera
D4 Bluetooth
EGR's Blanked
14th Feb 2014 9:31 am
bigdave Site Sponsor
Member Since: 04 Jul 2008
Location: Cornwall
Posts: 9869
Interesting to note that after the posh boys announced that the scots were nee getting the poond sterling began to rally across all currencies.
So I think it was also a statement for the markets that the UK currency would not support a failing post independence Scottish currency.All things shipping, storage, transport. UK and worldwide.
Member Since: 28 Feb 2010
Location: Dumgoyne
Posts: 1473
why would it support it? It has no obligation to, and quite rightly so.
P.S. Dave...your Scottish typing accent is PISH. 3 Flash Indicators
Clock on Dash
GVIF & Reverse Camera
D4 Bluetooth
EGR's Blanked
14th Feb 2014 9:39 am
2DISCO3ORNOT
Member Since: 27 Apr 2009
Location: at sea
Posts: 1209
Alex must be rubbin his wee mitts wie glee..........talk about creating a divide before the big day, stupid, stupid, stupid!
14th Feb 2014 9:42 am
grahamk
Member Since: 28 Feb 2010
Location: Dumgoyne
Posts: 1473
As far as I can see it, that is all this referendum is causing...a bigger divide. In my opinion it is not good.3 Flash Indicators
Clock on Dash
GVIF & Reverse Camera
D4 Bluetooth
EGR's Blanked
14th Feb 2014 9:44 am
2DISCO3ORNOT
Member Since: 27 Apr 2009
Location: at sea
Posts: 1209
How do you go about valuing a countries net worth, say we change to the Euro three days after the " YES" vote when everyone has sobered up, naw make that a week, we hand all the used notes back to Engerland and they issue us with a credit note to take the EU we should now be free to print as mony plastic notes as we want..............
Seriously could England afford to depound Scotland?
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum
Strange how we can't have the pound and yet for years if you gave a Scottish Pound down south the number of times it got refused as not legal currency still makes me laugh, so we do have our own Scottish pound already!!! 
