A paper cutter includes a blade extending in the width of a rolled paper, the blade having a linear edge and a serrated edge formed at an end of the linear edge. A paper guide for discharging the paper is disposed downstream from the cutter, the paper guide having an upper and a lower member and a discharge port at the downstream end thereof. A cutout section is formed at the upper member of the paper guide, and the position of the cutout section corresponds to the serrated blade edge in the width direction of the paper. The cutout section permits the paper to be grasped with fingers by the operator. When the paper is pulled, a force acts on the paper in a direction to press it against the serrated blade edge, cutting the paper from the edge.