Page:Ruffhead - The Statutes at Large - vol 5.djvu/648

 6io C. 3. Anno decimo tertio Georgii Regis, A. D. 1726. are directed by Parliament to be made up, or oftner if the fame can be conveniently done, any Sum or Sums ■of Money not exceeding in the whole the Sum of one million one hundred ninety-nine thoufand three hun- dred ninety-twe Pounds fifteen Shillings and two Pence three Farthings, for or towards the paying off or difcharging the faid feveral Principal Sums fo as afcrefaid amounting together to the like Sum of one million one hundred ninety-nine thoufand three hundred ninety-two Pounds fifteen Shillings and two Pence three Farthings, in fuch Manner, Order and Degree, as is herein after mentioned, that is to fay, the Sum of one hundred ninety-eight thoufand nine hundred fifty-eight Pounds eight Shillings and three Pence, Part thereof, for the redeeming and paying off the like Principal Sum remaining unfubferibed into the Capital Stock of the South Sea Company, of the Joint-Stock attended with Annuities as afcrefaid, for the before-mentioned Tallies of Sol, the Sum of three hundred ninety-three thoufand one hundred ninety-four Pounds fourteen Shillings and five Pence Half-penny, other Part thereof, for the redeeming and paying off the like Princi- pal Sum remaining unfubferibed into the Capital Stock cf the South-Sea Company, of the Joint-Stock at- tended with Annuities as aforefaid, for the before-mentioned Army-Debentures, certified before the one and ' twentieth Day of March one thoufand feven hundred and nineteen, the Sum of fifty-eight thoufand three hundred Pounds, other Part thereof, for the redeeming and paying off the like Principal Sum, remaining unfubferibed into the Capital Stock of the South-Sea Company, of the Joint-Stock attended with Annuities as aforefaid, for the faid Lottery, in the fifth Year of his Majefty's Reign; and the Sum of five hundred forty-eight thoufand nine hundred thirty-nine Pounds twelve Shillings and~ fix Pence Farthing, Reiidue thereof, for the redeeming and paying off the feveral Principal Sums contained, in the {landing Orders made or to be made out at the Exchequer, for Army-Debentures, certified fince the twenty-firft Day of Adarch one thoufand feven hundred and nineteen. Principal trans- III. And be it further enacted by the Authority aforefaid, That fuch of the faid Principal Sums as are fen-able at the_ transferable at the Bank of England, fhall be paid in intire Payments, to the Cafhier of the faid Bank, for t the Ca/ni ^ t ' le ^ e °^ '^e f evei '^ Proprietors thereof, by way of Impreft, and upon Account, to be by him paid over in entire Sum's. as f° on after as conveniently maybe, to the feveral Perfons intitled to receive the fame; and that fuch of Standing Orders trie ^'^ Principal Sums as are contained in the faid Handing Orders, made or to be made out at the Exche- at the Exchequer quer, fhall be paid off in fuch numerical Order, Courfe and ProgrefTion as the faid feveral Orders do or fhall to be paid in ftand upon the Regifter thereof, kept at the Exchequer, beginningwith N° i. and fo on progreffively, un- Courfe. t j] a ][ j.- tnem fhall be paid off and difcharged, without any undue Preference of any one of them before the other of them, in the like Manner in all Refpects as is directed in an Act of this prefent.SefTion of Parlia- 13 Geo. 1. c. 1. merit, intituled, An Atl for granting an Aid to his Majejly by a Land-Tax, to be raifed in Great Britain, for the Service of the Tear one thoufand J even hundred and twenty -feven, for paying off and difcharging the feveral Orders of Loan directed or authorized to be made forth by Virtue or in Purfuance of the fame Act. Treafury may IV. Provided always, and bs it enacted by the Authority aforefaid, i hat in cafe the CcmmifKoners of his poftpone dif- Majefty's i reafury now or for the Time being, or any three or more of them, or the Lord High Treafurer charging Ex- f or the 4 j me being, fhall judge it more convenient to redeem or pay off all or any of the before- mentioned till afar Re*** Joint-Stocks of Annuities transferable at the Bank of England, preferably to the Difcharging and Cancel- dempion of the ling all or any Part of the Exchequer-Bills now ftanding out and charged on the faid Sinking Fund, then it Annuities. fhall and may be lawful for them, or any three of them, from Time to Time, by and with the Confent of the Contractors for Circulating and Exchanging the fame Exchequer-Bills, and not otherwife, to poftpone or defer the Paying off, Cancelling or Difcharging the fame Exchequer-Bills, cr any of them, until after the Redemption and Payment of all or any of the faid Joint-Stocks of Annuities, but no further; any Thing herein before contained to the contrary notwithstanding. All Annuities V. And be it further enacted by the Authority aforefaid, That all fuch Annuities as fhall grow or become duct ilRedemp- fj ue or payable, for or in Re (peer, of the feveral before-mentioned Annuities, until the Redemption thereof Hon to be paid, j^. Payment of the faid Principal Monies, in Manner as aforefaid, and all Arrears thereof (if any fuch fhall be) fhall be paid, together with the faid refpective Principal Sums, cut of the refp.ecr.ive Funds, on which the fame are at prefent charged or chargeable; and that when, and as any of the faid feveral Principal Sums, fhall from Time to Time be paid off, or Money fufficient for that Purpofe fna!l be referved in the Exchequer, or in the Hands of the faid Cafhier, payable on Demand, the Annuity attending the fame fhall from thence- forth be, and is hereby declared to be redeemed, and fhall no longer be paid or payable, but fhall ceafe and determine for the Benefit of the Sinking Fund. Remainder of VI. Provided always, and be it enacted by the Authority aforefaid, That all the Monies which fhall arifj the sinking of or for the faid Surpluffes, Exceffes and Overplus Monies (over and beyond what will fatisfy-and pay the Fund apprcuri- feveral Monies before-mentioned, and fuch other Charges, as have been heretofore made thereon by Auiho- dhar/in rity of Parliament) fhall be appropriated, referved and applied, to and for the further Difcharging the Prin- t'ionalDebts cipal and Intereft of fuch National Debts and Incumbrances, as were incurred before the twenty-fifth Day incurred before of December one thoufand feven hundred and fixteen, and are declared to be National Debts, and were pro- 25 Dec 1716. vided for by Act or Acts of Parliament, in fuch Manner and Form as fhall be directed by any future Act or Acts of Parliament to be difcharged therewith, or out of the fame, and to and for none other Uie, Intent or Purpofe whatfoever. ' VII. And whereas in and by an Act of Parliament made and palled in the twelfth Year of the Reign J,?,, 5 w, 3. ' of his late Majefty King William the Third (of Glorious Memory) it was (arhongft other Things) c.is. f, jj. ' provided and enacted, that in Lieu and Pifcharge of certain perpetual annu 1 Payments, and of all Ar- ' rears thereof, granted by his late Majefty King Charles the Second, by Letters Patent out of the Here- ' ditary Revenue of Excii'e, in Satisfaction of certain Principal Sums mentioned in the faid Letters Patent, ' to be then due from his faid late Majefty to the refpective Patentees therein named, the faid Hereditary 4 Revenue of Excife fhould, from and after the twenty-fixth Day of December one thoufand feven hundred ' and five, be and Hand charged and chargeable for ever with the Payment of annual Sums, after the Rate 4 of three Pounds per Centum per Annum, for the Principal Sums mentioned in the faid Letters Patent, to be 4 iflued and paid out of the faid Revenue by' quarterly Payments out of the Receipt of thzExchcgasi. by 4 4 the