Page:Ruffhead - The Statutes at Large - vol 5.djvu/179

 A. D. 1716. Anno tertio Georgii Regis. C. 9. 139 fix hundred thoufand Pounds, and eight thouf.ind Pounds) then and fo often, and in every fuch Cafe, the Deficiency of any fuch Quarter fhall and may be fupplied out of the overplus Monies of the faid Duties and Revenues anfmg in any fubfequent Quarter; and in Default thereof by the Space of Haifa Yeari mi in IW then all and every fuch Deficiency and Deficiencies fhall be fupplied and made good, from Time to Time, tnere °f <c " ' by or out of the general yearly Fund by another Adt of this Seffion of Parliament eftablifli d or intended ' .J 1 "''.-.^'^ to be eftabliftied for redeeming the Duties and Revenues now charged or chargeable in and by feveral Lut-' f dieGenewl tery-acts or the ninth and tenth Years of her faid late Majefty's Reign, and certain annual Payments out|, l by another of the hereditary Excife in the faid Act of this Seflion mentioned, or out of Money to be raifed at the Ex- A£l o< this chequer for pure!; ding an Annuity or Annuities, after a Rate not exceeding five Pounds per Centum per**™ "' c: Annum, for every fuch Deficiency; which Annuity or Annuities fhall, by virtue of this Act, be charged^ A ' 1 ",' '' j on the faid general yearly Fund, and be payable and transferable at the Bank of England, as other Annui-, Ann. c 19* tics payable out 01 the faid genertl yearly Fund are intended by the faid other Act of this Seifion to be payable and transferable, until the Redemption thereof by Parliament- XI II. Provided always, and it it is hereby enacted by the Authority aforefaid, That the faid Sum of tWOThcz.doo.ocel. Millions, or fo much thereof as fhall be called for and be actually advanced and paid by the laid Gover- ™ b< nor and Company into the Receipt of the £xchequer in purfuance of this Act, fhall be iifued, applied and p»y° ff .'" '''"^ difpufed towards the paying off and difeharging the principal Monies and Intereft after the Rate of iix^' 1 .', ", .Lot- Pounds per Centum per Annum, now payable by the faid Lottery-ails, towards redeeming the feveral Du- t ery-Funds, tics and Revenues now chargeable therewith, and towards the redeeming of the faid annual Payments out 9 & 10 Ann. and of the hereditary Excife, and to none other Ufe, Intent, or Purpofe whatfoever ; and that all and every the Annuii Deficiency and Deficiencies of rhe faid new Annuity or Annuities, after the Rate of five Pounds per Gen- A ^® cficKnacs turn per Annum, payable to the faid Governor and Company by virtue of this Act, fhall be fupplied and n „; t ; s t0 i, c made good from Time to Time, when and as often as any fuch Deficiency or Deficiencies fhall appear, made pood oac out beef Anm: Annuity or Annuities fhall, by virtue of this Act, be charged on the faid general yearly Fund, and be pay- able and transferable at the Bank of England, as other Annuities payable out of the faid general yearly Fund are intended by the faid other Act of this Seifion to be payable and transferable, until the Redemp- tion thereof by Parliament. XIV. Provided alfo, and it is hereby further enacted by the Authority aforefaid, That if at any Time The Surplus of or Times at the End of any Quarter of a Year (reckoning the Quarters to end at the ufual Feafts the hid Duties above-mentioned) there fhall be an Excefs or Surplus of the Agonies brought into the Exchequer of the diipoiMble by faid Rates, Duties, Impofitions and Revenues, and proportional Parts of them, or any of them, and fuch j/^ '. a "q™'i. Excels or Surplus fhall remain there, over and above the Money then or before that Time grown due, by c> ..fee. 1. or in purfuance of this Adt, for Arrearages of the faid yearly Fund of fix hundred thoufand Pounds, and of the faid former yearly Sum of eight thoufand Pounds, and for the faid Fund of five hundred thoufand Pounds per Annum, and the faid growing Annuity of eight thoufand Pounds per Annum, and for the faid new Annuity or Annuities, after the Rate of five Pounds per Centum per Annum, to be payable upon this Act and every of them, then and fo often, and in every fuch Cafe, fuch Excels or Surplus fhall, from Time to Time, attend the Difpofition of Parliament, and be applied according to Act or Acts of Parliament in that Behalf, and not otherwife ; any Thing herein contained to the contrary notwithiian.ding. XV. And for better enabling the faid Governor and Company of Merchants of Great Britain, and their Company may SuccefTors, to raife Money to be advanced for or in Part of the raid Sum of two Millions, or for carrying on C2 " •"Money their Trade and other neceflary Occafions : It is hereby enacted by the Authority aforefaid. That it mall rT! 11 and may be lawful to and for the faid Governor and Company of Merchants of Great Britain, and their SuccefTors from Time to Time, as they fhall fee Caufe, to call in, or direct to be paid from and by their refpective Members for the Time being, proportionally according to their refpective Intereft in the capital Stock or Stocks which do or fhall belong to the faid Governor and Company of Merchants of Great Britain, or by opening their Books of Subfcription, or by granting Annuities redeemable by the faid Governor and Company, and their SuccefTors, or by any other Method, Ways and Means as they fhall think proper, to raife any Sum or Sums of Money, as in a general Court of the faid Governor and Com- pany fhall be judged neceflary, and ordered to be called in ; and that all Executors, Adminiftrators, Guar- dians and Truftees fhall be indemnified in paying the Money which fhall be fo called in ; and in cafe any Members not fuch Member or Members fhall refufe or neglect to pay his, her, or their Share of the faid Money fo called paying their for, at the Time or Times appointed for that Purpofe, by Notice inferred in the London Gazette, and shares > Compa- fixed upon the Royal Exchange in London, It fhall and may be lawful to and for the faid Governor and "heir Dividends Company of Merchants of Great Britain, and their SuccefTors, not only to flop the Share, Dividend, & c, Annuity and Profits, which fhall from Time to Time become payable to fuch Member or Members fo neglecting or refufing, of the Funds, Stocks, Annuities or Profits of the faid Governor and Company of Merchants of Great Britain, and to apply the fame from Time to Time for or towards Payment of the Share of the Money fo called for, and which ought to have been paid by fuch Member or Members fo neglecting or refufing, until the fame fhall be fatisfied, but alfo ftop the Transfers or Affignments of the Share of every fuch Defaulter, and to charge fuch Defaulter and Defaulters with an Intereft after the Rate of ten Pounds per Centum per Annum, for the Money fo by him, her, or them omitted to be paid, until the Payment thereof; and that the Share and Stock, Shares and Stocks of fuch De- faulter and Defaulters fhall be liable to make good and anfwer the faid. Monies, fo appointed to be paid, T 2 and