Page:Ruffhead - The Statutes at Large - vol 4.djvu/325

 A. D. 1707. Anno fexto Ann^ Reglnas. C. 5. 273 jiies, referved Monies, Rates, additional Subfidy, and other Duties, as fhall be fufficient for making up the laid Fund, not exceeding forty thoufand Pounds per Annum, for anfwering the full and due Payment of all the Annuities to be purchafed on this Aft, and all Arrearages thereof from time to time incurred, are, and fliall be by virtue of this A6t, liable and appropriated thereunto, and fhall not be diverted or di- vertible to any other Ufe, Intent, or Purpofe whatfoever, under the Penalties, Forfeitures, and Difabilities in this Aft expreiTed ; and all the Monies arifing by the faid Overpluffes, Grants, and Provifions hereby made, out of which the faid Fund, not exceeding forty thoufand Pounds per Annum, is to be raifed, {liall be fairly and duly entred in one or more Book or Books to be kept in the Ofnces of the Auditor of the ^"jB^p^"'"^ Receipt and Clerk of the Pells for that Purpofe, to which all Perfons concerned at all feafonable Times jha^t Purpoib! fliall have free Accefs without Fee or Charge. VIII. And for the raifuig any Sum and Sums of Money, not exceeding in the whole the faid Sum of Any Perfon may fix hundred and forty thoufand Pounds, for fuch Ufes as aforefaid, it is hereby further enafted by the J5"'' ^^^'|;°'^°°° ' Authority aforefaid. That it fhall and may be lawful to and for any Perfon or Perfons, Natives or Fo- Annuities at" 6 reigners. Bodies Politick or Corporate, to contribute, advance, and pay into the Receipt of her Majefty's Yeats Purchafe. Exchequer, for her Majefly's Ufe, at or before the refpeftive Days and Times in this Aft limited in that Behalf, any Sum or Sums of Money, not exceeding in the whole the faid Sum of fix hundred and forty thoufand Pounds, for purchafing any Annuity or Annuities to be paid and payable during the full Term of ninety-nine Years, to be reckoned from the five and twentieth Day of March in the Year of our Lord one thoufand feven hundred and eight, at the Rate of fixteen Years Purchafe, which Rate doth amount to the Sum of one hundred and fixty Pounds for every fuch Annuity of ten Pounds ji«- Amium, and proportionably for any greater Annuity ; and the fame Rate, or Confideration-m.oney, is hereby appointed to be paid into the faid Receipt at or before the refpeftive Days and Times herein after men- tioned ; that is to fay. One fourth Part thereof on or before the fix and twentieth Day oi March in the Times of Pay- Year of our Lord one thoufand feven hundred and eight ; one other fourth Part thereof on or before the '"™'^' fix and twentieth Day of May in the Year of our Lord one thoufand feven hundred and eight ; one other fourth Part thereof on or before the fix and twentieth Day of July in the Year of our Lord one thoufand feven hundred and eight; and the remaining fourth Part thereof on or before the five and twen- tieth Day oi September in the Year of our Lord one thoufand feven hundred and eight: All which Annui- Annuities not to ties fo to be purchafed, fhall not exceed in the whole the faid Sum of forty thoufand Pounds per Annufn ; exceed 40,0001. and fhall be paid and payable at the four mofl ufual Feafls or Days of Payment in the Year; that is to l"^j""u/j"„i°, fay. The Feafls of the Nativity of Saint ya/j/z Baptifl, Saint ilfz^Ziffe/ the Archangel, the Birth of our Lord ^l'^' 1 Chrifl, and the Annunciation of. the blefTed Virgin Mary, by even and equal Portions, the firft Payment thereof to be due at the Feaft of the Nativity of Saint John the Baptifl, which fhall be in the Year of our Lord one thoufand feven hundred and eight. IX. And it is hereby enafted. That in the Offices of the Auditor of the Receipt, and Clerk of the Contributors Pells in the Exchequer feverally, there fhall be provided and kept a Book or Books, in which there fhall ^^^J"" |.° ^ '"' be fairly entred the Names of all who fhall be Contributors, and of all Perfons by whofe Hands the fuid ^' ' '" Contributors fhall pay in any of the faid Sums upon this Aft, and alfo the Sums fo paid, and the Times when the fame are refpeftively paid : To which Book it fliall be lawful for the faid refpeftive Contributors, their Executors, Adminiflrators and Affigns, from time to time, and all feafonable Times, to have Re- fort, and to infpeft the fame without Fee or Reward. X. And be it further enafted by the Authority aforefaid. That all and every the Annuities whatfoever, Tlie4o,oool. which fliall be purchafed upon or in purfuance of this prefent Aft, fhall be and are hereby charged upon, chnrgcd with the and fhall be paid and payable from time to time out of the faid Fund or Sum not exceeding forty thou- ^"^ Annuities. fand Pounds per Annum, by this Aft intended and appointed to be eflablifhed, as aforefaid ; and the faid yearly Fund or Sum of forty thoufand Pounds per Annum, or fo much thereof as fhall be fufficient to fa- tisfy and difcharge all the Annuities to be purchafed upon this A61, and all the Arrearages thereof, at any Time due or owing, are and fhall be, by virtue of this Aft, appropriated, and applied to and for fa- tisfying and difcharging of the fame Annuities, and fuch Arrearages thereof accordingly, and fliall be ilTued, difpofed, and applied to that Ufe, and to no other Ufe, Intent, or Purpofe whatfoever, under the Penalties, Forfeitures, and Difabilities in this Aft expreffed ; any thing herein contained, or any other Matter or Thing whatfoever, to the contrary notwithftanding. XI. Provided ahvays. That if at the End of any Year of the faid Term of ninety-nine Years, Surplus to be ap. for which the faid Annuities upon this Aft are to be purchafed, the firft Computation to be made at the P^J.^^ t" pubhclc Feaft of the Annunciation of the blelted Virgin A'lary one thoufand feven hundred and nine, or within ^' fix Days after, the Monies arifing- at the Exchequer within fuch Year, which by this Aft" are chargeable fjYjring he°Tto°" to malce good the faid yearly lund, not exceeding forty thoufand Pounds (excepting fuch Part of j Geo. i.ftat.i. thefaid Contribution-money, as is to be referved for making good the future quarterly Payments, c. u. §. 7. until the thirtieth Day of September one thoufand feven hundred and ten, as aforefaid) fhall exceed all the Monies which at every fuch Feaft Day fhall be due for or upon the fame Annuities, and all Arrearages thereof, then or at any Time or Times before that Time incurred, fo that there fliall be an Excefs or Surplus remaining in the Exchequer, fuch Excefs or Surplus iliall be difpofable from time to time for the publick Ufe and Service, and not otherwife; any thing herein contained to the contrary notwithftanding. XII. And be it further enafted by the Authority aforefaid. That all and every Contributor and Con- fn'-rVedVoTha tributors upon this Aft, duly paying the Confideration or Purchafe-money at the Rate aforefaid, at or Annuities' &c! • Part of thtfe Annuities were fubfcribed into South Sea Stock purfoant to 6 Anne, c. 4,' Vol-. IV. N n before