Page:Ruffhead - The Statutes at Large - vol 5.djvu/164

 124 C. 8. Anno tertio Georgii Regis. A. D. 1716. the Form of this Statute, and have not paid the fame; which fhall be fufficient ; and in and upon fuch Aftion, Suit, Bill, or Information, there fhall be further recovered to his Majefty's Ufe,. againft the faid Governor and Company of the Bank of England, Damages after the Rate of ten Pounds per Centum for the Monies fo unpaid contrary to this Aft, beddes full Colls of Suit ; and the faid Governor and Company of the Bank of England, and their Succeffors, and their capital Stocks and Funds, fhall be and are hereby made fubjeft and liable thereunto ; fo always that the Sum to be called for or required of the faid Governor ani Company, as aforefaid, at any one Time do not exceed five hundred thoufand Pounds.- BanV to have an IX. Ana be it further enacted by the Authority aforefaid, That the faid Governor and Company of the percent "for fo ^ nk °$ England, and their Succeffors, for all and every Sum and Sums of Money which they fhall ad- zmich as 'they vance for or in Part of the faid Sum of two Millions five hundred thoufand Pounds, fhall have, receive and- fliaJl advance; enjoy, and be entitled by force and virtue of this Aft to have, receive and enjoy an Annuity after the Rate of five Pounds ; per Centum per Annujn for ever, fubjeft r.everthelefs to the Provifo of Redemption herein after contained in that Behalf; and that all and every fuch Annuity or Annuities after the Rate of five Pounds per Centum per Annum for the Money fo to be advanced, -fhall be charged upon and fhall be paid and payable, from Time to Time, out of the Monies vhich fhall from Time to Time arife, as well of or for the aforefaid Duties upon Ploufes, as of or for the faid Duties, Revenues and Incomes compofing the laid Fund called the aggregate Fund, 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 Succeffors, in manner following, that is to fay, The firif. Payment or Payments of fuch Annuity or Annuities after the Rate of five Pounds per Cen- tum per Aunum, fhall be computed by the' Day, and fatisfied from the Day or refpeftive Days on which the faid Sum, not exceeding two Millions five hundred thoufand Pounds, or any Part or Parts thereof fhall be advanced or paid, as aforefaid, until the quarterly Feaft-day, or refpeftive quarterly Feaft-days then next enfuing ; and from thenceforth the fartie Annuity or Annuities, after the Rate of five Pounds per Centum per Annum, fhall be paid and payable at the four iuoft ufual Feafts or Days of Payment in the Year before-mentioned, by even and equal Portions ; all which Payments fhall alfo be made in fuch Man- ner and Form, and with fuch Preference, as are herein after prefcribed in that Behalf. Redeemable at X. Provided always, and it is hereby enafted, That at any Time upon Repayment by Parliament to j)1 y Illrieon the faid Governor and Company of the Bank of England, or their Succeffors, of the faid Sum of two Mil- Principal." ° lions five hundred thoufand Pounds, or fo much thereof as fhall be called for and advanced, as aforefaid without any Deduction, Difcount or Abatement whatfoever, to be made out of the fame, or any Part thereof, and of all Arrears of fuch Annuity or Annuities after the Rate of five Pounds per Centum per An~ man, if any fuch Arrears fhall be then due, then and not till then, the fame Annuity or Annuities after the Rate of five Pounds per Centum per Annum, ill al I from thenceforth ceafe and determine; this prefent Aft, or any Claufe, Matter or Thing therein contained to the contrary notwithilanding. Interefr of ad. XI. And as to fo many of the faid Exchequer-bills made forth upon the faid recited Acts, or any of them, per Cent, per as do amount in principal Money to the Sum of two Millions five hundred fixty-one thoufand and twenty- t?' em ''lT 6° n " ^ ve P° unc ' s (being the Sum of the Exchequer-bills which will be ftanding out after the delivering up and Dec. 1717. cancelling fo.many as amount to two Millions, as aforefaid) ; It is hereby further enacted by the Authority aforefaid, That the Intereft of two Pence per Centum per Diem, now born on the faid Bills, for two Mil- lions five hundred fixty-one thoufand twenty-five Pounds, fhall continue and be payable and paid to the Bearer and Bearers thereof refpeftively, until the twenty-fixth Day of December one thoufand feven hun- dred and feventeen, and no longer; and that from and after the twenty-fifth Day of December one thou- fand feven hundred and feventeen, the Intereft upon the fame Bills fhall be reduced to one Penny per Cen- tum per Diem, which Intereft of one Penny per Centum per Diem, and no more for Intereft fhall from and After 15 Dec. after the faid twenty-fifth Day of December one thoufand feven hundred and feventeen grow due and be paid 1? b 7 d^T^ anc ' P a y a ^ e upon tiie faid Bills, for the faid Sum of two Millions five hundred fixty-one thoufand twenty- to one'pmny ^ ve Pounds, to the refpeftive Bearers, thereof, until the Redemption of the fame, purfuant to the Provifo per Centum per herein after contained in that Behalf; and that the faid Intereft at the refpeftive Rates aforefaid, upon the Diem. faid Bills, amounting to two Millions five hundred fixty-one thoufand twenty-five Pounds, fhall be fatis- fied and difcharged, from Time to Time, by fuch Ways and Means as are hereafter in and by this Aft ah Intereft on prefcribed in that Behalf : Neverth.elefs, it is hereby provided and enafted, That the faid Intereft at the w^lftTnu?' 1 ' 8 ' re '*P e '^ ve ^ ates aforefaid, upon fuch of the faid Bills, amounting to two Millions five hundred fixty-one Tub'lickReceipts, thoufand twenty-five Pounds, as are or fhall, at any Time or Times, be in the Receipt of the Exchequer, &c. fav.ed to the or in the Hands or Power of any Receivers or Colleftors of any Taxes, Aids or Revenues payable to his Publick. Majefty, his Pleirs or Succeffors, during fuch Time and Times refpeftively, as fuch Bills fhall be or re- main in the faid Receipt, or in fuch Hands or Power, as aforefaid, fhall be abated and faved for the Benefit of the Publick. Bank to have XII. And it is hereby enafted by the Authority aforefaid, That the faid Governor and Company of the for circulating, Bznk of England, and their Succeffors, fhall for circulating the faid Bills amounting to two Alillions five at the Rate of mand, from Time to Time, have, receive and enjoy, and be entitled by virtue of this Aft to have, re- 3 '.. per Cent, ceive and enjoy, to their own Ufe and Behoof, an Annuity or yearly Allowance of feventy-lix thoufand from Chriftmas eight hundred and thirty Pounds and fifteen Shillings, (being after the Rate of three Pounds per Centum 1,7 1 3' per Annum, upon the faid Sum of two Millions five hundred and fixty-one thoufand twenty -five Pounds) fubjeft neverthelefs to the Provifo of Redemption herein after contained in that Behalf, which Annuity or yearly Allowance of feventy-fix thoufand eight hsndfed and thirty Pounds and fifteen Shillings, fhall be and
 * " g ,"" u ' t I > »° s hundred fixty-one thoufand twenty-five Pounds, and for exchanging the fame for ready Money upon De-