Page:Ruffhead - The Statutes at Large - vol 5.djvu/312

 272 C. 4. Anno fexto Georgii Regis. A. D. 1719. be recovered in any. of his Majefty's Courts of Record at Weftnuttfhr by Acion of Debt, Bill, Plaint or Information, wherein no Protection, Wager of Law, Effoin, Privilege of Parliament or other Privilege fliall be allowed, nor any more than one Imparlance, and the Refidue to be difpofed of towards publick Ufes as (hall be diredled by Parliament, and not otherwife. ' LXVII. And whereas it is intended, That as well the above-mentioned Sum of four millions one hun- ' dred fifty-fix thoufand three hundred and fix Pounds four Shillings and eleven Pence, and every Part 5 thereof, as the (aid Sums to be paid after the Rate of four Years and a Half's Purchafe, and alfo the laid ' Sums to be paid after the Rate of one Year's Purchafe, and every of them, and every Part thereof, to be ' paid into the Receipt of the Exchequer by the faid Governor and Company of Merchants of Great Britain, c as fall as the fameihall be paid into the faid Receipt, fliall be iffued and applied in Manner following; Ho'w the « tnat i s to f a y 5 That out f the firft Monies arifing of or for the faid feveral Sums fo to be paid into the 4 'd S 1'nd th'e 4S ' ' f^ Receipt, every or any of them, fuch publick Debts and Incumbrances carrying Intereft or Annuities Suiiis to be paid ' after the Rate of five Pounds per dntum per Annum, or more, incurred before the five and twentieth Day alter the Rate of' of December one thoufand feven hundred and fixteen, founded upon any former A& or A£ts of Parlia- feur Years and a « ment in that Behalf (not being Part of the capital Stock or Fund of the faid Governor and Company of fd f one P Yea"s C ' Merchants of Great Britain) as are now redeemable, or may be redeemed at any Time or Times on or Purchafe fhall ' before the five and twentieth D;:y of December one thoufand feven hundred twenty and two, fliall be re- be iffued and ' deemed and paid off in the firft Place ; and that after the fame fhall be redeemed and paid off, or Money applied. ' fufficient fliall be referved in the Exchequer for redeeming and paying off the fame according to the true 7 Gra. 1. ffat.2. « Meaning of this Acf, then all the Reit, Refidue and Remainder of the faid Sum of four millions one 9 eo, 1. e. . c hundred~fifty-fix thoufand three hundred and fix Pounds four Shillings and eleven Pence, and of the faid ' Sums to be computed after the faid feveral Rates of four Years and an Half's Purchafe and one Year's ' Purchafe, and of every of them, and of every Part thereof, as the fame Refidues and Remainders, from ' Time to Time, fhall grow due from the fame Governor and Company, or their Succeffors, and as the ' off fo much of the capital Stock and increafed capital Stock of the fame Governor and Company as fhall ' then carry Intereft after the Rate of five Pounds per Centum per Annum ; and that upon every fuch Pay- ' ment, or referving Money as aforefaid to make fuch Payment, to the fame Governor and Company, a ' proportional Part of their Annuity or yearly Fund, or of their Annuity or yearly F"und to be increafed ' as aforefaid, for which that Rate is or fliall be payable, fhall ceafe and determine :' Now it is hereby provided, enacted and declared by the Authority aforefaid, That the faid feveral Sums of four millions one hundred fifty-fix thoufand three hundred and fix Pounds four Shillings and eleven Pence, and the faid feveral Sums to be paid after the faid Raies of four Years and an Half's Purchafe and one Year's Pur- chafe, and every of them, and every Part thereof, fliall be applied in fuch Manner and Form as are before mentioned .and intended for the Application thereof (over and above the Monies of the faid Sinking Fund by this A£t directed to be applied for leflening publick Debts and Incumbrances, in fuch Manner and Form as are in this Act prefenbed concerning the famej and the Commiflioners of the Treafury, or any three or more of them, and the High Treafurer for the Time being, are hereby directed and authorifed to caufe all the Monies arifing of or for the faid Sum of four millions one hundred fifty-fix thoufand three hundred and fix Pounds four Shillings and eleven Pence, and the faid Sums to be paid after the Rate of four Years and an Half's Purchafe and one Year's Purchafe, and every of them, and every Part thereof, to be applied in the Manner and Form by this Act prefcribed touching or concerning the fame; and On every fuch that upon every fuch Payment, or referving fuch Money in the Exchequer to make fuch Payment to the Payment a pio- faid Governor and Company of Merchants of Great Britain, a proportional Part of their faid Annuity or P he t 'T al fedAn y car 'y Fund or increafed Annuity or yearly Fund, for which the faid Rate of five Pounds per Centum per Annum fliall be payable, for which fo much of their capital Stock fliall be paid off, or for which Money fliall be fo referved from Time to Time, fliall ceafe and determine ; any Thing herein contained to the contrary notwithftanding. nuity to ceale, •5 Geo. 1. c. 7 LXVIII. And whereas in and by an Act of Parliament made in the third Year of his Majefty's Reign, Time to Time by certain Surplufies, Exccffes and Overplus Monies therein the Monies to arife from Ti ' fpecified, were appropriated for difcharging the Principal and Intereft of fuch National Debts and In~ ' cumbrances as were incurred before the five and twentieth Day of December one thou land feven hundred ' and fixteen, and were declared to be National Debts, and were provided for by Act of Parliament, in ' fuch Manner and Form as fhould be direct d or appointed by any future Act or Acis of Parliament to be ' difcharged therewith or out of the fame; which Monies fo arifing by the faid Surpluiles, Exceifes and ' Overplus Mor.ies, are commonly called the Sinking Fund, and the fiid Fund, commonly fo called the ' Sinking Fund, is like to be very much increafed in confequence of this prefent Act, by taking in feveral ' of the above mentioned Annuities and Debts, and fettling (in lieu thereof) upon the faid Governor and ' Company of Merchants of Great Britain, and their Succeffors, Additions to their prefent Annuity or ' yearly Fund at the Rate of five Pounds per Centum per Annum, until and for the faid Feaft of the Na- ' tivity of Saint "John Baptiji one thoufand feven hundred and twenty-feven ; and afterwards at the laid ' Rate of four Pounds per Centum per A mum, till Redemption thereof according to this Act:' Now it is So much Money hereby further declared and enacted by the Authority aforefaid, That fo much of the Monies, as at any arifing before Z4 Time or Times before the faid Feaft of the Nativity of Saint John Baptiji which fliall be in the Year of th'oleiniu y our Lord one thoufand feven hundred and twenty-feven, {hall arife by the faid Surplufies, Excefies and Mo, i s 'called Overplus Monies, with the laid Increafe thereof, as fliall or may remain in the Exchequer after difcharg- 5 ins
 * fame fhall or ought to be paid into the faid Receipt of Exchequer, fhall be applied for or towards paying