Page:Ruffhead - The Statutes at Large - vol 5.djvu/176

 136 C.g. . Anno tertio Georgii Regis. A. D. 1716. And afterwards the 6oo,cco 1. ffo cea!^ nnUrn t0 *" anc * rounas 5 wrucft from thenceforth iiiouid or might grow due or pay Company to ^-' & n d t> e it further enafted by the Authoriiy aforefaid, That- the faid Governor and Company of Ji a vc the yearly Merchants of Great Britain, and their Succeflbrs, (fubjeft neverthelefs to the Provifo of Redempnou Sum of hereafter in this Aft contained in this Behalf, and none other] fhall have, receive and enjoy, and be en- 500,000 1. and titled by Force and Virtue of this Aft, to have, receive and enjoy the faid yearly Fund or Sum of five the Duties. ° hundred thoufand Pounds, and the faid yearly Sum of eight thoufand Pounds, which annual or yearly 9 Ann/c'21. Sums fhall be and are hereby charged upon, and fhall be paid and payable, from Time to Time, out of all and every the Duties, Impofitions, additional Impositions and Revenues, and all proportional Parts of them, or any of them whatfoever, which by an Aft made in the ninth Year of the Reign of her late Ma- jefty Queen Anne, intituled, An Ail for making good Deficiencies, and fatisfying the publick Debts; and for '■eremng a Corporation to carry on a Trade to the South-Seas, and for th.e Encouragement of the Fijhery; and for Liberty to trade in tin-wrought Iron with the Subjecls of Spain; and to repeal the Ads for regijiring of Seamen, or by any other Aft or Acts of Parliament, or any Claufe or Claufes contained in any Aft or Afts of Parliament now in Force were charged or chargeable with the faid former yearly Fund of fix hundred thou- fand Pounds, and the faid former yearly Sum of eight thoufand Pounds, and either of them, or any Part thereof; and fhall be paid and payable to the faid Governor and Company of Merchants of Great Britain, and their Succeflbrs for ever, at the four mod ufiial Feafts or Days of Payment in the Year, that is to fay, Payable guar- the Feafts of St. Michael the Archangel, the Birth of our Lord Chrift, the Annunciation of the BlelTed teil y- Virgin Mary, and the Nativity of St. fohn Baptifl, by even and equal Portions; the firft Payment thereof ^MichTTs to k e mac * e a£ t ' le Feaft at St. Michaelthe Archangel in the Year of our Lord one thoufand i'even hundred 7 ' and eighteen; and that all the Payments thereof fhall be made out of the Duties, Impofitions, additional Impofitions, Revenues and proportional Parts before-mentioned, with Preference to all Payments hereaf- ter to be charged thereupon (the Monies of the faid yearly Fund of fix hundred thoufand Pounds, and of" the faid yearly Sum of eight thoufand Pounds, which are or fnall be due or in Arrear at or before the faid Feaft of the -Nativity of 'St. fohn Baptijf one thoufand feven hundred and eighteen, always excepted and ibreprized.) ' IV. And whereas the faid Governor and Company of Merchants of Great Britain, to manifeft their ' Zeal for the publick Service, by f urn i filing Money towards leffening the faid national Debts and Incum- ' brances, have propofed to advance to his Majeliy any further Sum or Sums of Money, not exceeding ' two Millions, at fuch Times and by fuch Proportions at a Time, as the Commiffioners of his Majsfty's ' the difcharging or leflening the faid national Debts and Incumbrances; fo as fuch Calls, do not exceed in '* the whole the Sum of two Millions, and be all made on or before the twenty-fourth Day of December ' one thoufand feven hundred and Seventeen; and fo as the faid Governor and Company of Merchants of Great Britain be not required at any one Tim; to advance more than one Fourth Part of the faid Sur lm, '* and have fourteen Days Time at leaft for advancing each Part of the fame, which fh?Jl be called for; ' Millions, the faid Governor and Company of Merchants of Great Britain may have an Annuity or Sum ' after the Rate, of five Pounds per Centum per Annum, to commence from the Time or refoeftive Times of ' advancing the fame., and to continue until the Redemption of fuch Annuity or Annuities, according to ' the Tenor of this prefent Aft in that Behalf:' Now his Majefty's faid Dutiful and loyal Subjects the Commons of Great Britain in Parliament aflembled, in further Profecution of their Defires to have the na- tional Debts and Incumbrances leffened, do further humbly befeech his Majefty, That it may be enafted -fliall call far, ' portions at a Time, as the Commiffioners of the Treafury, or any three or more of them now being, or not exceeding tfo; High Treafurer, or any three or moreiof the Coniipiffioners 'of the Treafury for the- Time being, fhall, a,ooc,ccol. be-.jjy an y Writing or Writings under his or their Hands, to be delivered at the publick Qi?ice of the laid Go- ™"4 ec. vernor an ,j Company in. London, call! for and require.; fo as all fuch- Calls be mads on or before the twen- •5 Geo. i.e. 3. ty-fourth Day of December one thoufand feven hundred and feventeen;"a-nd fo as they be not required at No Call at one any one Time to, advance more than one Fourth Part of the faid Sum, and have fourteen Days Time be- Time lor more twecn e a[eh Payment, and after the Delivery of .every fuch Writing for advancing^ of every fuch Part as Part,°and i " a&>re&id j and in cafe the faid Governor and Company of Merchants, of Great Britain fliall make Failure Days' N ot i C e? i R an Y the faid Payments of Monies (o to be advanced, the Money whereof fuch Failure in Payment fliall be made, fhall and may be recovered in his Mijefty's Name for the til'- s and Purpok-s aforefaid 1, by Aftion of Debt or upon the Cafe, -Rill, Suit or Information, in any of his Majeiiyjs Courts of Record at lP"e/f- ay Company not paying may bi ift * d ' vi':njier, wherein no EiToin, Protection, Wager of Law, or .more than one Imparlance fliall be granted" or allowed; in which Action, Bill,?Suit or Information it Shall be lawful to declare, That the faid Gover- nor and Company- of Merchants of Great Britain are indebted to his Majefty. the Monies whereof they fliall have. made Default in Payment, according to the Form of this Statute, and have not paid the fame,, which fliall be Sufficient; and in and upon fuch Aftion, Suit, Bill or Information there fliall be further recovered to his Majefty's Ufe, againfl: the faid Governor and Company of Merchants of Great Britain, Dama-
 * Treafury, or any three or more of them now being, or the High Treafurer, or any three or more of the
 * Cornmiffioners of the Treafury for the Time being fhall call for the fame, to be employed for or towards
 * and fo as that for every Sum fo to be advanced for or upon Account of the (aid Sum not exceeding two