Page:Ruffhead - The Statutes at Large - vol 5.djvu/472

 426 C. 6. Anno nono Georgii Regis. A. D. 1722. and into An- nuities, for the Benefit of the Members, &c. <!uarterijr ana half-yearly Pay^ ments of An- 5 units, &c, fifty-one thoufand feve'n hundred and thirty Pounds ten Shillings and terr Pence Half-penny, the Refidue thereof, which will be attending on the other Moiety hereby ena£ted, to remain and be the Capital Stock of the faid South-Sea Company as aforefaid, will be the yearly Sum of eight hundred and fix thoufand fix hundred fixty-eight Pounds nine Shillings and a Penny Farthing; and the faid whole Annuity or yearly Fund, which from and after the faid Feaft of the Nativiy of Saint John Baptlft one thoufand feven hundred and twenty-feven, will be payable for both the faid Moieties of the Capital Stock fo feparated as aforefaid, until Redemption thereof by Parliament, according to the Purport and true Meaning of this Act, will, as the fame is computed after the Rate of four Pounds per Centum per Annum, amount to the Sum of one million three hundred fifty-two thoufand ninety-nine Pounds fix Shillings and eleven Pence Half-penny, and is from thenceforth to be divided between the faid Joint Stock of South-Sea Annuities, and the Lid Capital Stock remaining to the faid South-Sea Company as aforefaid, in equal Moieties, over and befides the faid Sums fettled and allowed, and to be fettled and allowed for Charges of Management as aforefaid, which allowances are to attend the faid remaining Stock of the faid South-Sea Company ; now as to, for and concerning the one Moiety or Half-part of the faid whole Capital Stock of the faid Company, commonly called the South-Sea Company, fo as aforefaid converted into a Joint Stock of South-Sea An- nuities : Be it further enacted by the Authority aforefaid, That all and every the Members or Proprietors, having any Share or Intereft, on the faid twenty-fourth Day of June one thoufand feven hundred and twenty-three, of or in the laft mentioned Moiety or Half-part of the faid Capital Stock, amounting to the faid Sum of fixteen millions nine hundred and one thoufand two hundred forty-one Pounds feventeen Shillings and a Farthing, his, her or their Executors, Adminiftrators, Succeffors and Affigns respectively (in Lieu and Recompence of and for fuch his and their Share or Shares therein, and of the proportional Annuities or yearly Funds, Dividends, Profits and Advantages, which belonged to every fuch Share or Shares, before the making of this Act) {hall have, receive and enjoy, and be entitled by Force and Vir- tue of this A ct, to have, receive and enjoy, one or more certain Annuity or Annuities, to be computed after the faid Rate of five Pounds per Centum per Annum, on the laft mentioned Sum of fixteen millions nine hundred and one thoufand two hundred forty-one Pounds feventeen Shillings and a Farthing, from the faid Feaft of the Nativity of Saint John Bapt'iji one thoufand feven hundred and twenty-three, until and for the faid Feaft of the Nativity of Saint John Baptlft one thoufand feven hundred and twenty-feven; and from thenceforth, at the faid Rate of four Pounds per Centum per Annum, until fuch Redemption by Parliament, and proportional Annuities for any greater or leffer Sums, that fuch Shares in fuch Joint Stock of South-Sea Annuities fhall amount to, until Redemption thereof by Parliament as aforefaid ; and the faid Company, called the South-Sea Company, fhall from and after the faid twenty-fourth Day of June one thoufand feven hundred and twenty-three, have and receive, and be entitled by Virtue of this Ad, to have and receive at the Exchequer, out of the Duties, Revenues and Incomes, charged with thek whole Annuities or yearly Funds payable there, the faid yearly Sum of eight hundred forty-five thoufand fixty-two Pounds one Shilling and ten Pence Farthing, as the Annuity to attend the faid Moiety or Half-part fo as aforefaid converted unto the faid Joint Stock of South-Sea Annuities, from the faid Feaft of the Nativity of Saint John Baptlft oae thoufand feven hundred and twenty-three, until and for the faid Feaft of the Nativity of Saint John Baptift one thoufand feven hundred and twenty-feven, and from thenceforth fo much yearly, as the Intereft of the fame Moiety fhall amount unto, at the faid Rate of four Pounds per Centum per Annum, until Redemption by Parliament as aforefaid, by weekly or other Payments, as the whole yearly Funds or Annuities of the fame Company are payable to them, before the making fuch Divifion and Separation as aforefaid : Neverthelefs in Truft and for the Benefit of the faid Proprietors or Members, who fhall be entitled to the faid South-Sea Annuities, according to their refpec- tive Interefts therein ; and the faid Company, called the South-Sea Company, from time to time, fhall have and be entitled to the like Remedies, Ways and Means, for receiving and recovering the faid Mo- nies, hereby intended for the Payment of the faid South-Sea Annuities at the refpedlive Rat's aforefaid, during the Continuance thereof, as they might have had or ufed for receiving or recovering their whole Annuities or yearly Fund's at the Exchequer, if no fuch Divifion and Separation were made ; Neverthelefs in Truft as aforefaid, and all and every the Powers, Authorities, Privileges, Freedoms, Immunities, Ex- emptions, and other Advantages, and all Pains of Death, Penalties Forfeitures and Difabilities, and all Reftri£lions, Rules and Directions, and all Claufes, Matters and Things, which were enacted or pro- vided by any former Act or Acts of Parliament, Laws or Statutes, which were in Force at or until the Time of making this Act, for better fecuring the whole Capital Stock, and Payment of the yearly Funds of the faid South-Sea Company, for the fole Ufe of the faid Company, or preventing or punifhing the forg- ing or counterfeiting Transfers or Affignments, or Dividend Warrants, or any Powers relating thereto, fhall be revived, continued, and be practifed and put in Execution, for better fecuring the faid Joint Stock of South-Sea Annuities, and the faid yearly Funds hereby enacted to attend the fame, in Truft, and for the Benefit of the faid Annuitants, and for preventing or punifbing the forging or counterfeiting any Transfers or Affignments of the faid South-Sea Annuities, or any Dividend Warrants made for the fame, or any Powers relating thereto, as fully and effectually to all Intents and Purpofes whatfoever, as if all and every the faid Powers, Authorities, Privileges, Freedoms, Immunities, Exemptions, and other Advantages, Pains of Death, and other Penalties, Forfeitures and Difabilities, Reftri&ions, Rules and Directions were again repeated, and particularly re-enacted in the Body of this prefent Act. V. And be it further enacted by the Authority aforefaid, That the faid Joint Stock of Annuities, to - be called the South-Sea Annuities, or by whatfoever other Name or Names they or any of them fhall be called or known, fhall become due and payable, and be accounted to be due and payable from the Feaft of the Nativity of Saint John Baptlj} one thoufand feven hundred and twenty-three, until and for the Feaft-' of Saint Michael the Archangel then next following, quarterly, and from thenceforth half- 3 yearly,