Page:Ruffhead - The Statutes at Large - vol 5.djvu/163

 A. D. 1716. Anno tertio Gf.orgii Regis. C. 8. 123 feventcen fhall grow due and be in Arrcnr to them for the Hud Allowance, after th<; I^ate pf d>rec Pppi ■her Cmtum fa- Annum; to be computed by the Dtfy upon (o many of the laid Exchequi i -bill, ami un ■ | to four Millions five hundred fixty-one. thoufand twenty-five Pounds, as fha)( at any "Time' or Tin or before the fame Eteaft-daty remain uncancelled ; and alio (o much, as at or before the faid F,eaft < Birth of our Lord Chrift one thoufand (even hundred and ff vcn'.een fhall quarterly grow due and I c in rear •to them, for or upon their, faid Allowances of forty- five thoufand rounds wm, and eight . land Pounds per Annum. 450C0I. andScooI. per A:. ing, lhall nominate, to be difcharged, cancelled and made void, in fuch manner as the faid Commiflidn- ers of the Treafury, or any three or more of them, or the High Treasurer for the Time being (hall ap- point, without iffuing the fame again, or any of them s and that the faid Intcreft of two Pence per Centum
 * ><r Diem, and Allowance of three Pounds per Centum per Annum, payable in refpect of the faid Bills,

amounting to two Millions, from and after the Time or refpective Times on which they ffiall or ottghl I i be delivered up to be cancelled as aforefaid, and the laid Allowances of forty-five thoufand Pounds per mim, and eight thoufand Pounds ,pcr Annum, from and after' the (aid Feaft of the Birth of our Lord Chrift one thoufand feven hundred and feventeen, fhall ceafe and deternvne, and all the Duties and Revenue; of the faid aggregate Fund fhall be freed, exonerated and difcharged, of, from and againft the fame ; the laid former Acts, or any of them, or any other LaV or Statute to the contrary notwithftahding. VI. And be it further enacted by the Authority aforefaid, That from and after the faid Peaft of the Birth From Chriftmas of our Lord Chrill one thoufand feven hundred and feventeen, the faid Governor and Company of the l ~'~- Bank Bank of England, and their SuccefTors for ever, (fubject neverthelefs to the Provifo and Power of Redemg- ' " "' y tion hereafter in this Aft contained in this Behalf, and none other) fhall have, receive and enjoy, and Be intitled by virtue of this Act to have, receive and enjoy, one Annuity or yearly Sum of one hundred thoufand Pounds, being after the Rate of five Pounds per Centum per Annum, computed upon the faid prin- cipal Sum of two Millions, which yearly Sum of one hundred thoufand Pounds fnall be, and is hereby- charged upon, and fhall be paid and payable, from Time to Time, out of all the Monies anting or to arife at the faid Receipt of Exchequer, as well pf or for the faid feveral Duties, Revenues and Incomes called the aggregate Fund, as aforefaid, as of or for the faid particular Duties on Houfes, and every or any of them ; and fhall be paid and payable to the faid Governor and Company of the Bank of England, and their SuccefTors for ever, at the four moft ufual Feafts or Days of Payment in the Year before- menti- oned, by even and equal Portions, without any -Deduction, Defalcation or Abatement whr.tfoever ; : 11 i that all the Payments thereof fhall be made in fuch Manner and Form, and with fuch Preference as are .hereafter in this Act prefcribed in that Behalf. VII. Provided always, and it is hereby enacted, That at any Time upon one Year's Notice to be given Subje<a t-oRe- .at the Feaft of the Birth of our Lord. Chrift one thoufand feven hundred andtcventeen, or ai any quarterly dclT, P tion i on Feaft-day after the faid Feaft of the Birth of pur Lord Chrift one thoufand feven hundred and feventeen,"'"; -^^°. and not before, and upon Repayment by Parliament to the faid Governor and Company of the Bank o .'^.. s ', -,'-." England, or their SuccefTors, of the faid Sum of two millions, without any Deduction', Lnfcount or Abate"- See 9 Geo. 1. ment whatfoever to be made out of the fame, aiid upon Payment to them of all Arrearages of the faid year- q. 5. ly Sum of one hundred thoufand Pounds, if any fhall be due at the Time of fuch Payment, then and not till then, the faid Annuity of one hundred thoufand Pounds per Annum fhall from thenceforth ceafe and de- termine ;, any Thing in this Act contained to the contrary notwithstanding. VIII. And it is hereby further enacted by the Authority aforefaid, That the faid Governor and Compa- Bmk to -' ny of the Bank of England, and their Succeflors, fhall and they are by this Act injoitied and requireJ to"' 1 ex advance and pay into the Receipt of his Majefty's Exchequer, to be imployed for or towards difcharging^' 5 ^ ''."Y,', or leffening the national Debts and Incumbrances, and not otherwife, fuch further Sum and Sum's 'of Mo- '-^. : . 1. c. 3.' Jiey, not exceeding five and twenty hundred thoufand Pounds, at fuch Time or Times on or before the. twenty-fifth Day of March one thoufand feven hundred and eighteen, and by fuch Proportions at a- Time, as the Commiffioners of the Treafury, or any three or more of them, or the High Tresfurer for the Time being, fhall by any Writing or Writings under his or their Hands, to be delivered at fife pub- lick Office of the faid Governor and Company in London, call for or require ; and in cafe the faid Gover- nor and Company of the Bank of England fhall make Failure in any fuch Payment or Payments fo to be On Faihiraof advanced by the Space of fourteen Days next after fuch Writing or Writings fhall be refpectiv'ely delivered, ^aym-.n:. Bank as aforefaid, the Money whereof fuch Failure in Payment fhall be made, lhall and may be recovered in his ii;a; be ' M ' c ' Majefty's Name, for the Ufes and Purpofes aforefaid, by Action 'of Debt, or upon the Cafe, Bill, Suit or Information in any his Majefty's Courts of Record at Wejiminfter, wherein no EfToin, Protection;, Wa- ger of Law, or more than one Imparlance fhall be granted or allowed ; in which Action, Bill, Suit, or Information, it fhall be lawful to declare, that the faid Governor and Company of the Bank of England are indebted to his Majeily the Monies whereof they fhall" have made Default in Payment, according to R 2 • "the