Page:Ruffhead - The Statutes at Large - vol 5.djvu/153

 A. D. 1716, Anno tertio Georgii Regis. G. 7. 115 Vance and pay there for purchasing an Annuitv or Annuities at a Rate not exceeding five Pounds per Centum per Annum, to be paid out of the laid general Fund 1 by this Act eftablifhed, and to be redeemable by Parlia- ment according to this Act ; and the laid Commiffioners of the Treafury or High Treafurer and Under 21 "* a PP'y &? Treafurer of the Exchequer for the Time being, are hereby authorized and required to iflue and apply, ^["^'"l^l'r S caufe to be irtued and applied, all the Monies lo to be advanced for or towards paying off the Principalortere, & C . U "" and Intereft upon the laid Lottery Orders, or any of them, and for or towards the paying off the laid Moieties and Arrearages of the faid annual Payments of three Pounds per Centum per Annum, charged or chargeable on the hereditary Excife as aforefaid, and to and for none other Ufe, Intent or Purpofe what- foever. XVII. Provided always, That all the Monies fo to be advanced for purchafing fuch Annuities, not ex- N '°f tacxacA ceeding the faid Rate of five Pounds per Centum per Annum, together with the Monies which fhall have' he ? u ™ ' I " ul been advanced by the faid Companies, or either of them, for or towards paying off the faid Lottery Orders, " ' and the faid Monies charged or chargeable on the hereditary Excife, do not in the whole exceed the Sum total, which /hall be payable to fuch Subfcribers for ready Money as aforefaid, or thofo claiming from or under them, according to the true Meaning of this Act. XVIII. And it is hereby enabled by the Authority aforefaid, That in all Cafes where the Principal and Where Lottery. Intereft payable on the faid Lottery Orders, or any of them, or the faid Moieties of the faid principal Sums 0:d - rs '* c .- ore for which the faid annual Payments are charged on the hereditary Excife, or any of them, with the Arrear-™"^jJ; C3 ,n ^ ages of the fame annual Payments refpectively, fhall be converted into Annuities, or be paid off in ready pa id off in ready Money, purfuant to this Act, the Cuftoms, Subfidies, Impofitions, additional and other Duties, propor- Money, the Du- tional Parts, weekly and other Payments, formerly charged therewith as aforefaid, fhall be and are hereby ties Aall be liable freed, exonerated and difcharged of, from and againft the fame, and fhall be liable for or towards making t °™ ak, e | 00 j tlle good the faid general yearly Fund by this Act intended to be eftablifhed as aforefaid. ' XIX. And whereas the Sum of fixty-one thoufand feven hundred and feven Pounds three Shillings ' founded on the Act of Parliament for Duties on Low Wines, and other Things therein mentioned, ' which expired on or about the twenty-fourth Day of June one thoufand feven hundred and fourteen, 3 &4 Ann - c. 4. ' carrying Intereft after the Rate of fix Pounds per Centum per Annum :' Now in order to put an End to the fame high Intereft, It is hereby further enacted by the Authority aforefaid, That it fhall and may be Trea( "'7 ma r lawful to and for the faid Commiflioners of the Treafury, or any three or more of them, and to and f or "ire further the High Treafurer of Great Britain for the Time being, to iffue their refpective Warrant or Warrants t ™l t y . """'" to the proper Officers in the Receipt of the Exchequer, for receiving and taking in at the faid Receipt fuch Cent, to pay oT further Sum and Sums of Money, as any Perfon or Perfons, Natives or Foreigners, Bodies Politick 0^1707 1. 3s. 3!. Corporate, will advance and pay for purchafing an Annuity or Annuities at a Rate not exceeding five " . the Low Pounds per Centum per Annum, to be paid out of the faid general Fund by this Ad: eftablifhed, and to beg q E6, redeemable by Parliament according to this Act ; and the faid Commiffioners of the Treafury, or High Treafurer and the Under-Treafurer of the Exchequer for the Time being, are hereby authorized and re- quired to iffue and apply, or caufe to be iffued and applied, all the Monies fo to be advanced, for or towards paying off the unfatisfied Principal and Intereft upon the faid Regifter of Loans founded on the Act laft mentioned, taking care that all the Monies fo to be advanced, for the Purpofe laft mentioned, do not ex- ceed the Sum of the Principal and Intereft which doth or fhall remain due on the faid Regifter. ' XX. And whereas the Sum of three hundred and fourteen thoufand two hundred and nineteen Pounds And 5'4>- T 9i« ' the Regifter of Loans founded on the Act of Parliament for Duties on Candles, which expired on or * Anl c- 5 ' about the firft Day of May one thoufand feven hundred and fifteen, carrying Intereft at the like Rate ofe Geo. t. c.'4» ' fix Pounds per Centum per Annum:'' Now in order to put an end alfo to the fame high Intereft, it is hereby further enacted by the Authority aforefaid, That it fhall and may be lawful to and for the faid Com- miffioners of the Treafury, or any three or more of them, and to and for the High Treafurer of Great Britain for the Time being, to iffue their refpective Warrant or Warrants to the proper Officers in the Receipt of the Exchequer, for receiving and taking in at the faid Receipt fuch further Sum and Sums of Money, as any Perfon or Perfons, Natives or Foreigners, Bodies Politick or Corporate, will advance and pay for the purchafing an Annuity or Annuities at a Rate not exceeding five Pounds per Centum per An- num, to be paid out of the faid general Fund by this Act eftablifhed, or intended to be eftablifhed, and to be likewife redeemable by Parliament according to this Act -, and the faid Commiffioners of the Trea- fury, or High Treafurer and the Under Treafurer of the Exchequer for the Time being, are hereby au- thorized and required to iffue and apply, or caufe to be iffued and applied, all the Monies fo to be ad- vanced, for or towards paying off the unfatisfied Principal and Intereft upon the faid Regifter of Loans founded on the faid Candle-act, taking care that all the Monies lb to be advanced for the Purpofe laft mentioned, do not exceed the Sum of the Principal and Intereft which doth or fhall remain due on the fame Regifter. ' XXL And whereas the Sum of five hundred feventy-feven thoufand and fourteen Pounds fixteen And 577.014I, ' Shillings one Penny Farthing is deficient or wanting to make good the publick Supplies granted to l6s- ' d - 1 i- ' his Majefty in the laft Seffion of Parliament, (of which the Sum of three hundred thirty-four thoufand^ A ""clnt a t f 'two hundred thirty-nine Pounds nine Shillings one Penny three Farthings is to be applied towards make gooTthe ' difcharging the Debt of the Navy, as it flood on the one and thirtieth Day of December one thou-publkk Su PP lie3 x fand feven hundred and fixteen:') Now for the better preferving the publick Credit, and ceafing fuch c;nted the Ja  0. Authonty 6G(. 0iI>c>4 ,
 * and two Pence, or thereabouts, of principal Monies, remains unfatisfied upon the Regifter of Loans
 * eleven Shillings and two Pence Farthing, or thereabouts, of principal Monies remains unfatisfied upon 11 !; 2 ..' '''■