Page:Ruffhead - The Statutes at Large - vol 3.djvu/713

 A. D. 1697. Anno odavo & nono Gu LIE LMi III. C. 20. 657 maJe good by the rcrpei5llve Subfcribers thereof to the faid Capital an i Principal Stock of the faid prcfcnt Governor and Company, in the Manner and Pro|iortion following (tl;at is to fiy) four fifih Parts of each refpective and particular Subfcription (the Value of the faid whole Subfcriptions into five equal Parts being divided) fliall be anfwered and made good to the faid Capital and Principal Stock of the faid prefent Go- vernor and Company, by afljgning to them the Principal and Interefl: whereunto fuel) Subfcribers rcfpcc- tively fnall be then really intitl d by Tallies of Loan and Orders of Repayment, or by Tallies of Pro or Affignment, for Monies which were lent or advanced, or are or fliall be charged as aforel'aid, upon feme of the Aids, Supplies, Revenues, Impofitions, or other Funds herein after mentioned, and by deliering up at the fame 'I'ime to the faid Go"ernor and Company, the Tallies and Orders fo afligned ; that is to fay. Upon the faid firft Aid of four Shillings in the Pound, the faid third Aid of four Shillings in the Found, the faid fourth Aid of four Shillings in the Pound, the faid quarterly Poll, the faid three fourth Parts of the Cuftoms, the faid Aft for continuing the Duties upon Salt and other Things, or upon the faid two third Parts of the additional Excife, or upon the faid additional Impofitions upon feveral Goods and Merchan- dizes, or upon the faid Duties payable for Vellum, Parchment and Paper, or upon the faid yearly Sum of three hundred thoufand Pounds, payable out of the Subfidy of Tunnage and Poundage, or upon the faid Duties charged upon Marriages, Births, Burials, Batchelors and Widowers, or tipon the faid continued 7 & g w. ji Impofitions payable for Wines, Vinegar, Tobacco, Eq/} India Goods, or other Merchandize imported, or c. 10. upon the faid A£t for continuing certain Afts therein mentioned, and charging Joint Stocks, or upon the faid Duties payable for Low Wines, Spirits and Sweets, or which are or Ihall be charged upon the faid weekly Sum of fix thoufand Pounds, illuing out of the Hereditary and Temporary Excife, or upon the faid weekly Sum of fix hundred Pounds, iflliing out of the Revenue of the Poft Office, and the other fifth Part of each of the faid Subfcriptions fhall be anfwered and made good to the faid Capital Stock of the faid Governor and Company in Bank Bills or Bank Notes, which have fo much Money bona fide refting due thereupon, as the faid one fifth Part of the faid refpeftive Subfcriptions Ihall fully amount to. XXIV. And be it further enafled, That from and after the faid four and twentieth Dayof y^.'s, and Bank tn sTIow until fuch Tallies and Orders fo fubfcribed, affigned and brought into the Bank, fhall be ailually paid oft' Si. peiCent. oa and difcharged, an Intereft of eight Pounds per Centum per Annum fhall be allov^ied and paid for all the Prin- Tal'i" brnught cipal which fhall be due upon, or fecured by the faid Tallies or Orders fo fubfcribed, affigned and brought pr'indpal b'» in ; and where an Intereft of eight Pounds per Centum per Annum is not already granted by Parliament for p^ij oft; the fame, or any of them, there fhall be allowed fo much as will compleat and make up the faid In- tereft of eight Pounds per Centum per Annum.) out of the refpetlive Funds and Provifions by this A6t granted. . ' XXV. And in regard the faid Governor and Company are to accept one fifth Part of the faid Sub- and receives], ' fcriptions in Bank Bills or Bank Notes, and are already poffeffed of feveral Tallies or Orders charged P" Cent. Intet- ' upon the A.ids or Funds before mentioned, to a much greater Value than the faid fifth Part in Bank Bills p** ^"' "^ ''^'l ' or Bank Notes will amount to ;' It is hereby further enadted. That the Intereft payable to the faid Go- fc,jptior= until" vernor and Company of the Bank of England w^on fo many of the faid Tallies or Orders, whereof the paid ofF. ' Principal fhall be equal to the Amount of the faid fifth Part to be fubfcribed in Bank Bills or Bank Notes, After Subfcrip- fhall be augmented and railed to the Rate of eight Pounds per Centutn per Annum, from the fiid four and tions compleat- twentieth Day of June, until the lame fhall be ailrually paid off and difcharged; the faid Governor and ^^'[-^.^"^^yiy" Company, after the faid Subfcriptions fhall be compleated, delivering to the Auditor of the P.eceipt of Ex- duleof the Tal- chequer a Schedule fairly written in Parchment, and figned by the Governor or Deputy Governor, contain- lies, i-c. to the ing the Tallies and Orders, not to exceed as aforefaid, whereupon they fliall defire their Intereft to be fo Auditor of Ex- augmented to the faid Rate of eight Pounds per Centum per Annum, and the faid Rate of eight Pounds per *-'^'i"<:''' Centum per Annum fhall be payable to the faid Governor and Company, and their Succeftbrs, out of the re- fpeftive Funds or Provifions by this Aft made or granted for that Purpofe ; the feveral A(Jts of Parliament by which the faid Funds are fettled, or any of them, or any Claufe, Provifo, Matter or Thing, in them. or any of them contained, or any other A£i:, Law, Statute, Ulage or Cuftom whatfoever, to the contrary thereof in any wife notwithftanding. XXVI. And be it further enafted by the Authority aforefaid. That all and every the Perfon and Perfons, Subfcribers ts Natives and Foreigners, Bodies Politick and Corporate, who fliall fo fubfcribe, or for whom fuch Subfcrip- the Capital tions fliall be made, to the faid Capital Stock of the prefent Governor and Company of the Bank of Eng- j.at°eVwith'the" /(7;z(S? by virtue of this Aft, and who fhall anfwer and make good their faid Subfcriptions in the Proportion prefent Gover- of Tallies, Orders, Bank Bills, and Bank Notes as aforefaid, and the Executors, Adminiftrators, Sue- nor and Comya- ceffors or Affigns of fuch Perfon or Perfons, Bodies Politick or Corporate as aforefaid, having any Title or nyj&c, Intereft under any of the Subfcribers by virtue of this AS, at the Time of clofing or fhutting up of the faid intended Book or Books of Subfcriptions, on the faid four and twentieth Day ofjune, fliall immediately, from and after the faid four and twentieth Day of yune, be and fhall be deemed and reputed to be Members of, united to, and incorporated with the prefent Governor and Company of the Hink of England, and ■ their Succeflbrs, and fliall at all Times from and after the faid four and twentieth Day of june, together. with the prelent Governor and Company of the Bank of England, and their Su'cceflors, be and be con- ftrued, reputed, accepted and taken to be one Body Politick and Corporate, by the Name of The Governor aiid Company of the Bank of England, and by the fame Name of the Governor and Company of the Bank of £'n^/(7«^ fhall have a perpetual Succeffion, and a Common Seal; and that they and their Succeflbrs, by the Name aforefaid, fliall be able and capable in Law to have, purchafe, receive, pofiefs, enjoy, and retain to them and their Succeflbrs, Lands, Rents, Tenements and Hereditaments, of wh.it Kind, Nature, or Quality foever ; and alfo to fell, grant, demifs, aliene, or difpofe of the fame, and by the fame Name to fue and implead, be fued and impleaded, anfwer and be anfwered, in Courts of Record, or any other Place whitfoever, and to do and execute all and Angular other Matters and Things, by the Name aforefaid, that VcL. m. 4 P to