Page:Ruffhead - The Statutes at Large - vol 5.djvu/323

 A. D. 1719. Anno fexto Georgii Regis. C. n. 283 ' Fund (after the faid Sum of five hundred and twenty thoufand Pounds fhall be applied for difcharging ' and cancelling Exchequer-bills as aforefaid, or rcferved in the Exchequer for that Purpofe) be made a ' Fund or Security for anfwering all Demands of Principal and Intereft which fhall be fo authorized to be ' made forth ; and that the faid Commi/Honers of the Trcafury, or High Treafurer for the Time being, ' be alfo impowered to iffue fuch new Exchequer-bills, by way of Loan or Advance, to the Company ' commonly called the South-Sea Company, or to feme Perfon or Perfons in Truft for them, the faid ' Company giving Security up n their preterit or to be increafed Annuity or weekly Payment out of the ' Exchequer, for the Repayment of the principal Sum fo lent, with an Intereft not exceeding the Rate of ' five Pounds per Centum per Annum :' Now we your Majefty's maft dutiful and loyal Subjects, the Com- mons of Great Britain in Parliament aflembled, do therefore moft humbly befeech your Majcfty, that it may be enacted, L=fc. EXP. " The Commiffioners of the Treafury are authorized at any Time within one Year, from the tenth " of May one thoufand feven hundred and twenty, and to, the End of the next Seffion of Parliament, to " make Exchequer-bills, fo as the principal Sums do not exceed one million (over and above the Exche- " quer-bills which are to be current, purfuant to the Act 6 Geo. i. c. 4.) and the faid Bills fhall bear " Intereft two Pence per Centum per Diem. Treafury may lend fuch Bills to the South-Sea Company at ' 5/. per Cent, on Security, C5". On Non-payment, Treafury may ftop the weekly Payments to the " Money for circulating the new Bills at 5/. per Cent. Tallies and Orders to be (truck for the fame, fefr. " What fhall not be interpreted undue Preference. Orders affignable and transferrable. Truftees to ■' exchange for ready Money at their Office all Bills brought to them. Ready Money may be demanded ' for Bills on which fix Months Intereft is due. Truftees not incapacitated from being Members of Par-
 * ' Company. The Sinking Fund appropriated for circulating the new Bills. Treafury may borrow
 * c liament. Thefe Bills to be current in the Revenue. If received at the Exchequer, to be locked up as

" Cafh. Receivers, &c. out of the Monies in their Hands to exchange the Bills. Tallies to be ftruck " for fuch Bills lent into the Exchequer. Intereft due on Bills to be allowed by Receivers, &c. No In- " Cifc. to indoife their Names, and Time when paid in ; and the Time of re-iffuing to be indorfed. Bills ' ones. Bills for large Sums not exceeding 5000/. each, may be iffued. Forging thefe Bills, Felony. " Truftees to have the Cheques, C5V. of the Bills. If Provifion be made by Parliament of Money to dif- " charge the Bills, or any Part thereof, the fame to be applied thereto, &c. Treafury at the Requeft of " the South-Sea Company may make forth Bills without bearing Intereft. Treafury cut of the Sinking 5 " 8 Gn. r. C A P. XI. An Aft for laying a Duty upon wrought Plate ; and for applying Money arifing for the clear Produce (by Sale of the forfeited Eftates) towards anlwering his Majefty's Supply ; and for taking off the Drawbacks upon Hops exported for Ireland ; and for Payment of An- nuities to be purchafed after the Rate of four Founds per Centum per Annum at the Exche- quer, redeemable by Parliament ; and for appropriating Supplies granted in this Seffion of Parliament ; and to prevent counterfeiting Receipts- and Warrants of the Officers of the South-Sea Company ; and for explaining a late Act concerning foreign Salt cellared and locked up before the four and twentieth Day of June one thoufand kven hundred and nine- teen ; and to give a further Time for paying Duties on certain Apprentices Indentures ■, and for Relief of Thomas Vernon, Efq; in relation to a Parcel or Senna imported in the Year one thoufand feven hundred and fixteen. I. "1%, >TAY it pleafe your moft Excellent Majefty ; Whereas by feveral Laws and Statutes of this 2 SEd. 1. ft. 5. J.VJL Realm now in Force it is provided and enacted, That no Goldfmith, Silverfmith or other Per- c. 20. (en whatfoever fhall work or make, or caufe to be wrought or made, any Silver Veffel, Plate or Manu- aHen - 6 - c - '4- faxfture of Silver, lefs in Finenefs than that of eleven Ounces and Ten-penny Weight of fine Silver in 4 g H j" - 7 ' Ci 2- every Pound Troy, nor put to Sale, exchange or fell any Silver Veffels, Plate or Manufacture of Silver For the Appiic.i- except as in the faid Statutes, or fome of them, are feverally excepted) until fuch Time as fuch VeiTel,tionof theSur- Plate or manufactured Silver fhall be touched, allayed and marked at the refpective Cities or Places in pl« s arifing from the faid Statutes mentioned, and by fuch Corporations, Officers or Perfons as are thereby refpectively tIl ' s, A<a ' * e intruded for touching, allaying and marking the fame ; under fuch Pains, Penalties and forfeitures asj? ^°'fa ZQ *" ' in and by the fame Laws and Statutes are prefcrib;d, as by the faid feveral Laws and Statutes (Relation ' being thereunto feverally- had) may more plainly and fully appear : And whereas it is found by Expe- ' .Hence, That the Silver Veffels, Plate and Manufactures of Silver, which were made according to the O o 2 . ' an
 * ' tereft on the Bills in the Receivers Hands, or in the Exchequer. Perfons paying Bills to Receivers,
 * ' re-iffued to bear the fame Intereft as v/hen paid in. Receivers General to keep Books for Money re-
 * ' ceived. Penalty on Receivers. Bills filled up by Indorfement, &c. Exchequer to make forth new
 * ' Fund to defray the Charges of executing this Act." c ' Z9,
 * old Standard of eleven Ounces and Two- penny Weight of fine Silver, (which Standard was altered by