Bills of Exchange Ordinance

Subject to the provisions of this Ordinance, when a bill has been dishonoured by
non-
acceptance or by
non-
payment, notice of dishonour must be given to the drawer and each indorser, and any drawer or indorser to whom such notice is not given is
discharged:
Provided
that—
(a)
where a bill is dishonoured by non-acceptance and notice of dishonour is not given, the rights of a holder in due course subsequent to the omission shall not be prejudiced by the omission;
(b)
where a bill is dishonoured by non-acceptance and due notice of dishonour is given, it shall not be necessary to give notice of a subsequent dishonour by non-payment, unless the bill has in the meantime been accepted.
[cf. 1882 c. 61 s. 48 U.K.]