Page:Ruffhead - The Statutes at Large - vol 4.djvu/535

 A.D.iyio. Anno nono A N N 1e Regi'nae. C. 21. 483 XLIII. And for the better feciiring the Privilege of the Governor and Company of the Bank of England, Coirpiny not to granted to them by Parb'ament, Be it enafted by the Authority aforefaid, That it fhall not be lawful to or '""■™J'' Money for the Corporation to be ereiSed in purfuance of this Aft, to borrow, owe, or take up any Sum or Sums a" Demand^ &'* of Money on their Bills or Notes payable at Demand, or at any lefs Time than fix Months from the Bor- " * '^' rowing thereof; and that it ihall not be lawful for the Corporation to be erefted by virtue of this Act, to nor to difcount difcount any Bills of Exchange, or other Bills or Notes whatfoever, or to keep any Books or Cafli for any ^'" ^'^' Pcrfon or Perfons, Bodies Politick or Corporate whatfoever, other than and only the proper Books, Money, and Caih of the faid Corporation to be ercfted by virtue of this AQ.. XLIV. Provided always, and it is hereby further enadted. That the faid yearly Fund hereby eftablifhed. The yearly Furd fhall (under the like Penalties, as aforefaid) be iffued at the faid Receipt of Exchequer, to the faid Com- 'o be paidwcLk- pany to be ereftcd by virtue of this Aft, or to fuch Treafurer or Trealurers, Cafliier or Cafliiers, Perfon 'V ^^ '^Tjea- or Perfons, as fliall be appointed, under the Common Seal of the faid Company, to receive the fame ; and "'^"' '^' that the Payment thereof fhall and may be made weekly, as faft as the Funds and Duties, hereby appointed for Payment thereof, fhall produce Money into the Exchequer for the fame, fo as by fuch weekly or other Payments, the Whole of the Annuities, due to the faid Company at the End of any one Quarter, be not exceeded. XLV. Provided always, and it is hereby enafted and declared. That the Perfons to be named Commif- Commiffioncrs Law or Statute to the contrary thereof in any wile notwithltanding. ' XLVI. And whereas it is of the greatell Confequence to the Honour and Welfare of this Kingdom, ' and for the Increafe of the Strength and Riches thereof, and for the Vending the Produft and Manu- ' fafture. Goods and Merchandizes of or brought into this Kingdom, and Employment of the Poor, that ' a Trade fhould be carried on to the South Seas, and other Parts of Armj-ica, within the Limits herein ' after mentioned ; which cannot fo fecurely and iuccefsfully be begun and carried on, as by a Corporation ' wi:h a Joint Stock, exclufive of all others:' Now for the better Encouragement of all and every the Per- fon and Perfons, Bodies Politick or Corporate, who fhall be or become Members of the faid Company or Corporation, to be ercfted, as aforeiaid ; and to the End and Litent that a Trade to the South Seas, and other Parts oi Ayneiica within the Limits herein after mentioned, may be carried on and promoted, for the Advantage and Honour of this Kingdom ; Be it enafted by the Authority aforefaid, That the Corporation The Umiw of to be erefted in purfuance of this A-ft, and their SuccefTors, fliall have and be entitled unto, and they are '■'"-<= Company's hereby entitled unto and vefled, from, the firfl Day oi AuguJ} one thoufand feven hundred and eleven, for S^^"'*^^'" 'J'^ ever, in the fcJi Trade and TrafTick into, unto, and from all the Kingdoms, Lands, Countries, 1 errito- ^^"^'^J;,,"' '" ries, Iflands, Cities, Towns, Ports, Havens, Creeks, and Places of America, on the Eaft Side thereof, ' from the River of Araiiuj to the Southermoll Part of the Terra del Fv.ego ; and on the Weft Side thereof, from the faid Southermofl Part of the fiid Terra del Fuego, through the South Seas, to the Northermoft Part ol America ; and into, unto, and from all Countries, Iflands, and Places within the faid Limits, which are reputed to belong to the Crown of Spain, or which fliall hereafter be found out or difcovered within the faid Limits, not exceeding three hundred Leagues from the Continent of America, between the Southerm.oft Part of Ten-a del Fuego, and the Northermoft Part of America, on the Weft Side thereof, (except the King- dom of Brazil, and f'uch other Places on the faid Eaft Side of America, as are now in the aftual FofTefficn of the Crown of Portugal, and the Country of Surinam in the PoiTeflion of the States- General of the United Provinces;) it not being intended that the fole Trade to any Part of the Eaft Side of America, nov/ in the aftual Pofleflion of the Crov.'n of Portugal, or the States-General, fhall be granted or conftrued to be granted by this Aft ; but that it may be and remain lawful for all, and every, or any the Subjcfts of her S'iajefty, her Heirs or SuccefTors, to trade and traffick to any Part of the Eaft Side of America, now in the aftual Pofleffion of the Crown of Portugal, or the States-General, (but to no other Part of America within the Limits aforefaid) as fully and freely, in ail Refpefts, as they might or could do if this Aft had not been made ; any Claufe, Provifo, Power, Privilege, Matter or Thing, herein contained to the contrary thereof in any wife notwithftanding. XLVIL And be it further enafted. That the faid Company to be erefted in purfuance of this Aft, and NToneelCeto their SuccefTors, for ever, and all and every Perfon and Perfons, who from time to time ftiall be licenfed by trnffickwithia the faid Corporation, to be erefted in purfuance of this Aft, to trade in the Stead of them, fliall and law- ^^^^^ i-mi«s. fully may, for ever, from and after, the faid firft Day of Auguji one thoufand fsven hundred and eleven, o,r by fuch Faftors, Agents, or Servants, as they fhall think fit to intruft, and to and for no other Perfon or Perfons whatfoever, freely to trafHck and ufe the Trade ot Merchandi?:e, iiUo, unto, and from the faid South Seas, and other the Parts within the Limits aforeiaid (except as aforefaid) and into, unto, and from all or any the Kingdoms, Lands, Territories, Iflands, Cities, Towns, Forts, Havens, Ci-ceks, and Places of America, or any of them, within the Limits aforefaid (except before' excepted) where any Trade or Traffick of^ Merchandize is or may be ufed or had, and to and frdm every of them. XLVIII. And be it further enafted by the Authority aforefaid, That it fhall and may be lawful to and Her NJajefty for her Majefty, by her faid Charter or Charters of Incorporation, to impower the fajd Company or Cor- ■'"-y 'Kipov.cr poration, and their SuccefTors, to make reafonable Laws, Conftitutions, Orders, and Ordinances, from '*"^,.';^'""""^ " time to time, for the good Government of the faid Trade to the South Seas, and other the Parts within the ^''^ /^^.^' Limits aforefaid (except before excepted) and of the Traders, Faftors, Agents, OiBcers, and other.s con- vemmeDi^of ine cerned in the fame, and to inflift reafonable Penalties and Punifnnients by Imprifohrnents, Mulfts, Fines, TradL-, and Amerciaments, for any Breach or Breaches thereof, and to levy fuch Mulfts, Fines, and Ameicia- ments, to the Ufe of the faid Company or Corporation. Q_q q 2 XLIX.