Page:Ruffhead - The Statutes at Large - vol 5.djvu/269

 A. D. 1718. Anno quinto Georgii Regis. C. 20. 229 charged with the faid Annui:ies or yearly Funds as aforesaid, which fhall from Time to Time remain next fliall ciufe Pay- after paying or referving fufficient to pay, as well the Charges pf-managing the fame Revenue ai ■ ing no the three Courts, and the faid other Charges of the Civil Government in Scotland, as alfo the Sums '°,l* v "° _,,- 1 f'A f T^ " ^*T"* * C 1 I* ' 1 A • ■ T* 1 _35 lilt 1*^ 11 g l'Il~ which {hall be grown due and in An car from 1 line to J mic for or upon the laid Annuities or Funds of dcrhisSign Ma- tcn thoufand Pounds and two thoufand Pounds per Annum, or either of them, to caufe Payment to be made i unto fuch Perfons as his Majefty, by any Warrant or Warrants under his Royal Sign Manual, c< unter- " ligned by the Commiflioncrs of the Treafury or any three or more of them, or the High Treafurer of Great 1 cJ' t Britain for the Time being, fhall intrufl to receive the fame, of the full Sum of thirty thoufand eight hun- gums died twenty-three Pounds feven Shillings and two Pence for Payment of the Intereft, after the Rate of five Pounds per Centum per Annum, of the {aid capital Sums amounting to two hundred forty- eight thoufand five hundred and fifty-nine Pounds and nine Pence Half-penny, and for Payment of the Salaries of the faid Commiflioncrs for difpoiing the Equivalent, and of the Fees and Salaries of their Servants and the nccelYary Charges of their Office for two Years, ended at the faid Feaft of the Nativity of Saint 'John Baptijl one thoufand feven hundred and nineteen; from which Time all Salaries and other Charges relating to that Commiflion {hall ceafe and determine. XI. And it is hereby enacted by the Authority aforefaid, That until fuch Letters Patents or Charter of Till fuchCi. ai Incorporation as aforelaid fhall be actually granted and palled under Seal, the faid Annuity or Fund of ten?' Incorporatk thoufand Pounds per Annum fhall be paid and payable unto fuch Perfons as his Majefty, by any Warrant or rf/ul'Fundof 6 Warrants under his Royal Sign Manual, counter-figned by the Commiflioners of the Freafury or any three I0)0C0 1. rtiall be or more of them, or the High Treafurer of Great Britain for the Time being, fhall appoint to receive the paid to fuch Per- fame, in Truft for the Ufe and Benefit of the faid Proprietors interefted or to be intereited in the faid De- f ons as his Ma- bentures for the faid Debts not exceeding two hundred forty-eight thoufand five hundred and fifty Pounds i efty j~ a i; ff ' and nine Pence Half-penny, according to their refpective Shares and Interefts therein, and until the pafling the p ropr i ett - 3 of fuch Letters Patents or Charter of Incorporation, the faid Debentures fhall continue to be aflignable or interefled in the transferrable by Indorfements thereupon; and from and after the granting fuch Letters Patents or Charter Debentures. of Incorporation, and pafling the fame under Seal as aforefaid, the faid Annuity or Fund of ten thoufand And? {teT ^ Pounds per Annum {hall be paid and payable to the fame Corporation, or to their Cafhicr for the Time chartwitflaffi being, for their Ufe, and to be divided and diftributed to and amongft the feveral Members thereof accord- be paid to the ing and in proportion to their refpective Shares of and in the faid Capital or Joint Stock of the fame, and Corporation; 1 to or for none other Ufe, Intent or Purpofe whatfoever. XII. Provided always, and it is hereby enacted, That at any Time, upon Payment by the Parliament CUufeofRe-^ 1 of Great Britain of the faid capital Sum of two hundred forty-eight thoufand five hundred and fifty ^ e ." 1 P;, °" o! tn - t-> i i • -n tt ii- ■! -r% i i-, • a? i i i laid yearly Sum Pounds and nine rence Halt-penny, without any Deduction or Abatement whatfoever to be made out f j^ 0C!; i. of the ftine or any Part thereof, and of all Arrears of the faid Annuity or yearly Fund of ten thoufand Pounds then due, computing the fame quarterly, till the End of the then next preceding Quarter of a Year, and from thenceforth by the Day, until the Day of fuch Payment made (if any fuch Arrears be) then and not till then, and from thenceforth the faid Annuity or Fund of ten thoufand Pounds per Annum fhall ceafe and determine; this prefent Act, or any Thing herein contained to the contrary notwith-- ftanding. XIII. And be it further enacted and declared by the Authority aforefaid, That the Judges of the Th 3 Judges of" Court of Exchequer in Scotland fhall forthwith call the faid Commiflioners of the Equivalent in Scctland^^*^"^"" 1 " ' to an Account for the faid Balance of fixteen thoufand five hundred feventy^five Pounds fourteen Shil- t ne Commiffion-i lings and one Penny Half-penny, and for the faid Sums of fifteen thoufand eight hundred twenty-two ersof Equivalent Pounds eight Shillings and feven i'ence three Farthings, and thirty-one thoufand five hundred fixty-five to account lor Pounds two Shillings and five Pence Half-penny, by them received as aforefaid; and after Deduction of all the Balance, &c. their due Payments and juft Allowances, to ciufe the Balance of fuch Account to be paid over to fuch ^Vi^ofuVh rer- Perfons as his Majefty, by any Warrant or Warrants. under his. Royal Sign Manual, counter-figned by the fo nsa ° the King I Commiflioners of the Treafury or any three or more of them, or the High Treafurer of Great Britain for fhail ditecT:. . the Time being, fhall from Time to Time appoint to receive the fame, in Truft to and for the Ufes and Purpofes whereunto the fame is liable purfuant to the faid former Ails, and thereupon to free and liberate the faid Commiflioners of Equivalent in Scotland upon their faid Accounts. XIV. And as to, for and concerning the faid Annuity or Fund of two thoufand Founds per Annum by The Fund of this Act fettled until the Redemption thereof by Parliament; It is hereby enacted and declared by the zo ° o1 - per Ann.-. Authority aforefaid, That the fame fhall be wholly applied towards the encouraging and promoting the ^d/promoting Fisheries and fuch other Manufaures and Improvements in Scotland, as may moft conduce to the general theFifheries,^c. Good of the united Kingdom, according to the Tenor and true Meaning of the faid fifteenth Article of in Scotland, the faid Treaty of Union, and to none other Ufe, Intent or Purpofe whatfoever. XV. And it is hereby enacted by the Authority aforefaid, That, the faid Annuities or Funds of ten The f =' d Funds thoufand Pounds and two thoufand Pounds per Aiinum, and the feveral Shares and Interefts of the Credi- p,, 1;^" j f ™,J ot tors, Proprietors or Members that are or fhall be entitled thereunto, fhall be deemed and taken to be Per- ij a br e to.any-Ain. fmal or moveable Eftates, and upon Deaths fhall go to Executors or Adminiftrators, and not be defcendable reftment. to Heirs;. and fuch Shares or Interefts in the capital Stock of the faid Corporation, or in the Hands of their Cafhier for the Time being, or in the Hands of any Truftees appointed or to be appointed to receive the fime as aforefaid, fhall not be liable to any Arreftment or Attachment that fhall be laid thereupon; any Law, Cuftom or Ufage to the contrary notwithftanding. XVL And it is hereby alfo enacted and declared by the Authority aforefaid, That no Perfon whatfoever Non9 fta " ir,c '"' fliall incur, any Incapacity, Difability, Penalty or Forfeiture whatfoever, only for putting this Act in.ix.e- any Inca f acir yj c. cution, ,