Page:Ruffhead - The Statutes at Large - vol 5.djvu/298

 258 C. 4. Anno fexto Georgii Regis. A. I>. 1719. r.nd 3 proper- Parliament, ana a proportional Addition or Additions in refpect thereof fhalJ be made to their capital tioml Addition Stork, according to the Purport and true Meaning of this Act: So as fuch Debts and Incumbrances as to.be ma*B 'to. tjiefjunji^e redeemed upon fuch Notice or Notices,, be paid off at the faid Rate of one hundied Pounds for capital Stock. cy G]Jg hundred Pounds principal Money, and in that Proportion for greater or letter Sums, at fuch Day or Days, Time or Times, to be mentioned in fuch Notice or Notices for Payment thereof, on this Side and before the faid firft Day of March one thoufand feven hundred twenty-one, at the publick Of- M to fuch Debts Hce of the fame Governor and Company. And as to fuch of the faid Debts and Incumbrances for Re- whereof no No de T ption whereof no Notice is by Law required, It fhall_ and may^be lawfulto and for the faid Governor Squire/ o!m- anc ^ Company of Merchants of Great Bn ritain trading to the South-Seas and other Parts of America, and for
 * of Directors for the Time being, to give Notice by Writino- or

cany to givc-N.p- encouraging the b nhery, or tneir Court uce'by writing Writings to be affixed upon the Royal Exchange in London, or by Publication or Publications in the London on t>t Exchange Gazette) and thereby to appoint and afcertain a Time or Times for Payment of and redeeming all or any Mtte of "the*" ^ UC ' 1 Debts and Incumbrances, or fo many or fuch Part or Parts of them respectively at a Time, as the Times for Fay- fame Governor and Company, or their Court of Directors, in regard to the Abilities or Circumftances jocnt. of the fame Company fhall think fit ; and that from and after the Expiration of the Time and Times to be mentioned in fuch Notice or Notices for paying off and redeeming the fame Debts and Incumbrances, or any Parts of them, every or any of them, fuch Debts and Incumbrances (upon Payment of the re- fpective Sum or Sums of Money payable to the Proprietors for fuch Redemption, or Tender thereof at the publick Office of the fame Governor and Company) fhall be and be adjudged to be redeemed, and the Intereft and the Annuity payable in refpecl: thereof, to the refpective Proprietors of fuch Debts and Incum- brances, fhall thenceforth ceafe and determine to be payable to them ; and in lieu thereof, an Annuity after fuch and the like Rate, as the Intereft-money and Annuity as is now payable for or in refpecl: of fuch Debts or Incumbrances, fhall be from thenceforth paid and payable to the faid Governor and Company of Merchants of Great Britain trading to the South Seas and other Pans of America, and for encouraging the Fifhery, and their Succeffors, or to their Cafhier for the Time being for their Ufe, until and for the faid Feaft-day of the Nativity of St. John Bapti/l which fhall be in the Year of our Lord one thoufand fe- /Sfter- 24 June ven hundred twenty-feven ; and from thenceforth after the Rate of four Pounds per Centum per Annum, un- 1727, iritereft til Redempiion by Parliament ; and a proportional Addition or Additions in refpecl: thereof fhall be made at 41. per Cent. t0 t ] 1e j r ca pital Stock, according to the Purport and true Meaning of this Act. Company before XXI. And be it alfo further enacted by the Authority aforefaid, That it fhall and may be lawful to 1 March 1721, and for the faid Governor and Company of Merchants of Great Britain trading to the South-Seas and other may take in,, by Parts of America and for encouraging the Fifhery, at any Time or Times before the faid firft Day of March PurciiaTe or orie t houfand feven hundred and twenty-one, to take in, by way of Purchafe or Subfcriptions, all and eve- the Annuities of r y or zn Y ^ e above-mentioned Annuities payable during the refpective Remainders then to come and un- 56, 89, and 99 expired of the above-mentioned Terms of ninety-fix Years, eighty-nine Years and ninety-nine Years, in Years, &c. ' this Act before computed to amount in the whole to fix hundred fixty-fix thoufand eight hundred twenty- one Pounds eight Shillings and three Pence Half-penny per Annum, or thereabouts, and all the prefent and future Eftates and Interests therein, and the refpective Securities for the fame, fo as the fame Annuities reflectively by fuch Purchafes or Subfcriptions be effectually taken in for the whole Refidues and Remain- ders then to come and unexpired of the faid refpective Terms of ninety-fix Years, eighty-nine Years and at fuch Prices as ninety-nine Years, from the refpective Proprietors thereof, at fuch Price and Prices as fhall be agreed upon Jhall be mutually between the fame Company, or their Court of Directors on their Behalf, and thofe Proprietors refpec- tfe'pronrietors tlve ^Y^ anu f° as t ^ ie ^ arne P r ' ce or Prices for fuch Annuities be paid or fatisfied at the publick Office of the faid South-Sea Company in London, at fome Time or Times at or before the faid firft Day of March one thoufand feven hundred and twenty-one ; and to take in, by Purchafes or Subfcriptions, all and every or. any the above-mentioned Lottery-annuities in this Act computed to amount to forty-fix thoufand two hun- dred and fixty Pounds fix Shillings and one Penny per Annum, or thereabouts, for the faid whole Term of twenty-three Years, reckoned from Michaelmas one thoufand feven hundred and nineteen, and the Pay-., tickets for the fame, from the refpective Proprietors thereof, at fuch Price or Prices as fhall be mutually agreed between the fame Company, or their Court of Directors in their Behalf, and the refpective Pro- prietors of thofe Annuities, fo as fuch Price or Prices for the fame be paid or fatisfied at the publick Of- fice of that Company in London, at fome Time or Times at or before the faid firft Day of March one thou- fand feven hundred and twenty-one ; and to take in, by Purchafe or Subfcriptions, all and every or any the above-mentioned Annuities before in this Act computed to amount to eighty-one thoufand Pounds per Annum, or thereabouts, for the faid whole Term of twenty-two Years and three Quarters of a Year, reckoned from Chriftmas one thoufand feven hundred and nineteen, or for the Remainder of that Term which fhall be to come and unexpired at the Quarter-day preceding the taking in of the fame, and the refpective Securities for the fame, from the refpective Proprietors thereof, at fuch Price or Prices as fhall be mutually agreed between that Company, or their Court of Directors on their Behalf, and the refpective. Proprietors of thofe Annuities, fo as fuch Price or Prices for the fame be likewife paid or fatisfied at their publick Office in London, at fome Time or Times at or before the faid firft Day of March one thoufand feven hundred and twenty-one. If the Pioprie- XXII. Provided always, and it is hereby enacted by the Authority aforefaid, That if all or any. of the tors are willing Proprietors of all or any the faid redeemable Debts and Incumbrances computed in and by this Act to 10 accept a share amount to fixteen millions five hundred forty-fix thoufand four hundred eighty-two Pounds feven Shil- bV« stJfc 1 **" ^ n S s ar *d one Penny Farthing, or thereabouts, fhall be willing and defirous at the Time or refpective y 5 Times.