Page:Ruffhead - The Statutes at Large - vol 5.djvu/266

 2 26 C. 20. Anno quinto Georgii Regis. A. D. 17 1 8. 12 Ann. c. 13. I Geo. 1 c. 27. ft. ft. 2. 12 Ann. c. IJ. ft. 2. 3 G80. 1. c. 14. 10 Ann. c. 26. 3 Geo. 1 1,0 Ann. . c. 14. c. 26. fuch Purpofes, as the former Acts therein mentioned did appoint and direct : And it appearing, That the other pubiick Debts of Scot/and then unfatisfied, which were adjufted and certified, purfuant to the Di- rections of the feveral Acts therein recited, did then amount to the Sum of two hundred and thirty thou- f.md three hundred and eight Pounds nine Shillings and ten Pence five fixths of a Penny, including the Intereft of fuch Parts thereof as bore Intereft from the four and twentieth Day of June one thoufand fe- ven hundred and eight to the four and twentieth Day of June one thoufand feven hundred and fourteen ; it was thereby enacted, That it might and fhould be lawful for the Commiffioners of Equivalent for the Time being, or any three or more of them, and they were thereby directed and required forthwith to call for and receive all the Certificates and other Warrants, and receive and cancel all the Debentures for which the Debt aforefaid, amounting to the Sum of two hundred and thirty thoufand three hundred and eight Pounds nine Shillings and ten Pence five fixths of a Penny, was conftituted and eftablifhed, and iilue out new Debentures devifeable and transferrable, as the former Debentures were, for the faid Sum, to the feveral Perfons proportionally and refpectively entitled thereunto, which new Debentures are thereby enacted to bear Imereft from and after the faid four and twentieth Day of June one thoufand feven hundred and fourteen, after the Rate of five Pounds per Centum per Annum; and that fuch Intereft fhall be paid out of the firft and readieft of the Monies which either were or fhould become due to Scot- land, by way of Equivalent, according to the Agreements in the Treaty of Union above recited, and the Principal according to the Order and Preferences mentioned in the fifteenth Article of the faid Trea- ty, and feveral Laws and Acts therein mentioned, as by the faid Act of the twelfth Year of her faid late Majefty's Reign, Relation being thereunto had, may aifo more fully appear. And whereas by an Act of Parliament of Great Britain, made and pafied in the firft Year of your Majefty's Reign, intituled, An AS for taking and fating the Debts due and growing due to Scotland, by ivay of Equivalent in the Terms of the Union ; and for Relief of the Creditors of the Pubiick in Scotland, and the CommiJJioners of the Equiva- lent, your Majefty was impowered to appoint Commiffioners for taking, examining and ftating the Debts due and growing due to Scotland by way of Equivalent, and Provilion was thereby made for Payment of a Sum not exceeding fifteen thoufand eight hundred twenty-two Pounds eight Shillings and feven Pence three Farthings, to the Commiffioners of Equivalent in Scotland, or any Perfons appointed by them, or any two of them, out of the Monies arifen or to arife by the faid Revenues of Cuftoms and Excife of Scotland, or either of them, for the Payment of one Year's Intereft, (videlicet) from the twenty-third of June one thoufand feven hundred and fourteen to the twenty-fourth of June one thoufand feven hundred and fifteen, of the capital Sum of two hundred and thirty thoufand three hundred and eight Pounds nine Shillings and ten Pence and five fixths of a Penny, ftated due to the Creditors of the Pubiick in Scotland, on the twenty-fourth of June one thoufand feven hundred and fourteen, purfuant to the faid A£t of the twelfth Year of her faid late Majefty's Reign, and for Payment of the Salaries of the faid Commiffioners of Equivalent, and of the Fees and Salaries of their Servants, and neceffary Charges, from the faid twenty-third of June one thoufand feven hundred and fourteen to the twenty-fourth of June one thoufand feven hundred and fifteen ; and by an A£t of Parliament of Great Britain, made in the third Year of your Majefty's Reign, for continuing the Act laft before recited, the Powers given to your Majefty, for appointing Commiffioners for taking and ftating the Debts due and growing due to Scot- land, by way of Equivalent in the Terms of the Union, were continued for the Term therein mention- ed ; and by the Act laft mentioned, the Commiffioners of your Majefty's Treafury were impowered (after paying or referving fufficient to pay the civil Eftablifhment in Scotland, authorized by the faid Aft of the tenth Year of her faid late Majefty's Reign) to caufe Payment of a Sum not exceeding thirty-one thoufand five hundred fixty-five Pounds two Shillings and five Pence Half-penny, to the Commiffioners of the Equivalent in Scotland, out of the Monies arifen or to arife out of any of the Cuftoms, Duties, Excifes or Revenues, under the Management of the Commiffioners of the Cuftoms and Commiffioners of Excife in Scotland, or either of them, for Payment of two Years Intereft of the faid capital Sum of two hundred and thirty thoufand three hundred and eight Pounds nine Shillings and ten Pence and five fixths of a Penny, and of eighteen thoufand two hundred forty-one Pounds ten Shillings and ten Pence and two thirds of a Penny, ftated due to William Patcrfon, Efq; by an A£f. of the firft Year of your Adajefty's Reign, from the twenty-third of June one thoufand feven hundred and fifteen to the twenty-fourth of June one thoufand feven hundred and feventeen, and for Payment of the Salaries of the Commiffioners of Equivalent, and of the Fees and Salaries of their Servants, and the neceffary Charges of the Office for the faid two Years ; providing neverthelefs, That the Commiffioners of the Equivalent of Scotland for the Time being, fhould fecure and retain in their Hands the Sum of fourteen thoufand Pounds Sterling, appointed by the faid fifteenth Article of the Union, for the Encouragement of the Manufacture of Coarfe Wool, in fuch Shires where the fame was or fhould be produced, to be applied for the Benefit of the faid Manufacture, and tfee Wool-mafters, and to no other Ufe or Purpofe whatfoever, as by the two Acts laft before recited may alfo more fully appear ; which feveral Sums for Payment of Intereft, Salaries and Charges, were iffued to the faid Commiffioners of Equivalent accordingly. And whereas by reafon of many Doubts arifing in the Conftruition of the faid fifteenth Article of the faid Treaty, and other Laws relating to the Excrefcence of the faid Equivalent, and to the growing Equivalent due and becoming due to Scotland, and by reafon of the many Difficulties which attend feparating and diftinguifhing between Debts incurred before the Union, and Debts incurred for the Service of the united Kingdom (both which have without Diftinction been provided for iince the Union) the Commiffioners for taking and ftating the Debts due and growing due to Scotland, by way of Equivalent, have not been able to adjuft the Accounts thereof for Time paft, and are like to meet with inftipeiable Difficulties therein for the future, during fo long 2 ' Time