Page:Ruffhead - The Statutes at Large - vol 5.djvu/161

 A. D. 1 71 6. Anno tertio Georgii Regis. C. 8. 121 ciency or Deficiencies as fhould then appear to fee unfumfied (if any fuch be) for or upon the original Fund of one hundred thoufand Pounds per Annum, payable to the (aid Governor and Company of the Bank of England, and for and upon their abovefaid Annuity of one hundred and fix thoufand five hun- dred and one Pounds thirteen Shillings and five Pence per Annum ; then, and not till then, the faid gene- ral or aggregate Fund, and the faid Subfidies, Ditties and Revenues contained therein, and every of them, fhould be undcrftood to be redeemed by Parliament, and fhould not be iffucd, paid or applied to any Ufe, Intent or Purpofe whatsoever without Authority of Parliament, other than except fuch Duties (Part of the faid aggregate Fund) therein particularly defcribed, which are thereby enadted to b-j conti- nued for anfwering and paying all the Payments which fhould after fuch Redemption grow due for and upon the faid yearly Sum of one hundred and twenty thoufand Pounds quarterly, for the Service of your Majefty's Houfhold and Family, and other your neceffary Occafions, during your Majefty's Life, and for anfwering and paying all the Payments which fhould after fuch Redemption grow due for or upon the faid yearly Sum of hfty-four thoufand fix hundred Pound-, for Payment of Annuities for ever, unlefs the fame be redeemed by Parliament, as by the faid feveral Acfs, Relation being thereunto refpecHvely had, may more fully appear. And whereas the Bills made forth upon the faid feveral Acts of the fe- Exchequer-bills venth, eighth and twelfth Years of her late Majefty's Reign, ftanding out and remaining uncancelled and. " "Dsc. 1716, undifcharged upon the two and twentieth Day of March one thoufand feven hundred and futeen, do"™"'^;'; '.° ftill, by Computation, amount to the faid Sum of four millions five hundred fixty-one thoufand twenty 7 Ann!c.7 & g, and five Pounds principal Money ; and the prefent Charge to the Publick of circulating the fame, as well 3 Ann. c.'i. for the faid Intereft of two Pence per Centum per Diem, as the faid Allowances of three Pounds per Cm- iz Ann. ftat. r, ,c. 1 r. turn per Annum, forty-five thoufand Pounds per Annum, and eight thoufand Pounds per Annum, doth, by c[ Computation, amount to three hundred twenty-eight thoufand three hundred fixty-one Pounds feventeen ^^^ " Shillings and ten Pence per Annum, or thereabouts, except fo much thereof as maybe abated for Dills, 318,361 iT 17 s. from lime to Time, in the Exchequer, or in the Hands of Receivers or Collectors of any Taxes, Aids iod. per Ann. or Revenues payable to your Majefty. And whereas the faid Governor and Company of the Bank of Bank willing England, in regard the, common Rate of Intereft for Money is very much leffened under your Maje-^^f'j"^"* fty's moft aufpicious Government, and their feveral Funds before-mentioned are redeemable at fuch Cen f, j n n e „ f Times, and in fuch manner, as aforefaid, are willing and contented to accept one Annuity of eighty- their prefcnt eight thoufand feven hundred fifty-one Pounds feven Shillings and ten Pence Half-penny, being after the Annuity. By Rate of five Pounds per Centum per Annum, on the faid principal Sum of one Million leven hundred fe- '' Geo ~, r :, c ; 9 " venty-five thoufand twenty-feven Pounds feventeen Shillings and ten Pence Half-psnny, in lieu of their ^uity is reduced^ faid prefent Annuity or Sum of one hundred and fix thoufand five hundred and one Pounds thirteen Shil- lings and five Pence per Annum, fo as they may be fatisfied the faid yearly Sum of one hundred and fix thoufand five hundred and one Pounds thirteen Shillings and five Pence, until and for the Quarter to end at the Feaft of the Nativity of St. John Baptift in the Year of our Lord one thoufand feven hundred and eighteen inclufively, and fo as the future Payments of the faid Sum of eighty-eight thoufand kven hun- dred fifty-one Pounds feven Shillings and ten Pence Half-penny per Annum may be fecured to them from the faid Feaft-day until the Redemption thereof; and fo as the faid yearly Sum of eighty-eight thoufand feven hundred and fifty-one Pounds feven Shillings and ten Pence Half-penny be made redeemable upon one Year's Notice to be given at the faid Feaft of the Nativity of St. John Baptift one thoufand feveji hundred and eighteen, or at any quarterly Feaft-day after the faid Feaft of the Nativity of St. John Bap- tift one thoufand feven hundred and eighteen, and upon full Payment to them of the faid Sum of one million feven hundred feventy-five thoufand twenty-feven Pounds feventeen Shillings and ten Pence Half-penny, and of all Arrears of the faid yearly Sum of eighty-eight thoufand feven hundred fifty-onR Pounds feven Shillings and ten Pence Half-penny, if any fhall be due at the Time of fuch Payment ; and the (aid Governor and Company of the Bank of England, are alfo willing and contented to difcharge and deliver up to be -cancelled, as many of the Exchequer-bills formerly made forth, as aforefaid, as amount to two Millions in principal Money, and to accept an Annuity or Sum of one hundred thoufand Pounds per Annum, being after the Rate of five Pounds per Centum per Annum for the fame two Millions, to commence from the Feaft of the Birth of our Lord Chrift in the Year of our Lord one thoufand kvzn hundred and feventeen, fubject to Redemption by Parliament, upon one Year's Notice to be given at the faid Feaft of the Birth c.f our Lord Chrift one thoufand feven hundred and feventeen, or at any quar- terly Feaft-day after the faid Feaft of the Birth of our Lord Chrift one thoufand feven hundred and feven- teen, and Repayment of the faid two Millions, and all Arrears of the Annuity laft mentioned ; and to continue the circulating_and exchanging for Money at demand, the Remainder (amounting by Compu- tation to two Millions five hundred fixty-one thoufand twenty and five Pounds in principal Money) of the faid Exchequer-bills now ftanding out and uncancelled, at the prefent Allowance of three Pounds per Centum per Annum ; and are alfo content that the Intereft now payable on-fuch Remainder of the faid Bills be reduced to one Penny per Centum per Diem, from and after the twenty-fifth Day of Dccenih: r one and of .• d ■ ■ thoufand feven hundred and feventeen ; and that fuch Intereft running on any of the fame Bills, during c .ent. par'Piem the Time they fhall lie in. the Exchequer, or in the Hands of any Receivers 'or Colleaors of his Maje- [?£?* ° ! l fty's Taxes, Aids or Revenues, be faved to the Publick ; fo as the faid Exchequer-bills fo to be cireu4 If^l ~p£ lated and exchanged be made redeemable by Parliament, upon a Year's Notice to be given at the Feaft 1717."^ of St. Michael the Archangel in the Year of our Lord one thoufand feven hundred and feventeen, or at Red=ernab!e'on • any quarterly Feaft-day after the Feaft of St. Michael the Archangel in the Year of our Lord one thcu- a ,- le3 ^. ? ot "" : ' fand feven hundred and feventeen ; and upon full Payment of the Principal and Intereft payable upon-*' 1 ".; ■ Vol. V. 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