Page:Ruffhead - The Statutes at Large - vol 5.djvu/687

 A. D. 1728. Anno prirno Georgii H. Stat. 2. C. 8. 649 fioners of the Treafury, or Lord High Treafurer now or for the Time being, have Power to revoke, coun- termand, or make void fuch Order or Orders fo figned as aforefaid. VII. And for the more fpecdy Payment of the laid Annuity or yearly Sum of feventy thoufand Pounds to The Dutici to the faid Governor and Company as aforefaid, it is hereby declared and cnadtcd, That weekly or otherwife, V ,iru. ci1 '-i on as the Money of the faid Duties or Impositions (hall, from Time to Time, be brought into the Receipt ol "!* Exchequer, the fame fliall and may be ifl'ued upon the faid Order or Orders, for or tov/ards difeharging the *' faid Annuity, to grow due for and at the End of the Half-year in which fuch Payment fhall be made, fo as fuch weekly or other Payments, do not exceed the Sum of the half-yearly Payment, which fhould grow due for or at the End of every fuch half-year refpcctivcly. VIII. And it is hereby enacted, That the faid Annuity of feventy thoufand Pounds, and every Part Annuity a Per. thereof, fhall be adjudged to be a Perfonal and not a Real Eftate, and fliall not be liable to any foreign At- fonal Liiatc. tachment ; any Law or Cuftom to the contrary notwithftanding. IX. And it is hereby enacted by the Authority aforefaid, That if at any Time or Times after the twenty- Deficiencies to fourth Day of June one thoufand feven hundred and twenty-eight, the Produce of the faid Jmpofttions on be made':' Coals and Culm fliall be fp low or deficient, as that the Monies arifen therefrom into the Exchequer, at ?'" °. f llu ' Sin!c " the End of any the (aid half-yearly Feafts, fhall not be fufficicnt to pay and difcharge the Half-year's An- lns d ' jiuity then due and payable, according to the Tenor and true Meaning of this Act, then and fo often and in every fuch Cafe, the Deficiency of any fuch Half year fliall and may be fupplied out of the Overplus Monies of the faid Impofitions or Duties ariling in any fubfequent Half-year ; and in cafe at any Time or Times after the twenty-fifth Day of December one thoufand feven hundred and twenty-eight, fuch Produce fhall be fo low and deficient at the End of any one Year (computing the fame to end at Cbri/lmas yearly) as that the fame fhall not be fufricient to pay and difcharge the whole Year's Annuity then grown due, then every fuch yearly Deficiency fliall, from Time to Time, be anfwered and made good by and out of the firft Supplies, which fliall be granted in Parliament next after fuch Deficiency fliall appear; and in cafe no fuch Supplies fliall be granted within fix Months next after fuch Deficiency fliall happen, then the fame fhall be made good out of any the Monies which at any Time or Times fhall be or remain in the Receipt of the Exchequer, of the Surpluffes, Exceffes or Overplus Monies commonly called The Sinking Fund (except fuch Monies of the fame Sinking Fund, as are appropriated to any particular Ufe or Ufes by any former Act or Acts of Parliament in that Behalf ) and fuch Monies of the faid Sinking Fund fliall and may be, from Time to Time, iffued and applied accordingly. . X. Provided always, and be it enacted by the Authority aforefaid, That whatever Monies fliall be fo iffued and replaced out out of the faid Sinking Fund, fliall from Time to Time be replaced by and out of the firfl Supplies to be of the next Sup- then after granted in Parliament. P lie: ' XI. Provided always, and be it enacted by the Authority aforefaid, That in cafe there fhall be any Sur- Surplus to bs Time to Time, be referved for the Difpofition of Parliament, and fhall not be ifl'ued but by Authority of Parliament, and as fhall be directed by future Aft or Acts of Parliament; any Thing in any former or other Act or Acts of Parliament to the contrary notwithftanding. XII. Provided always, and be it enacted by the Authority aforefaid, That upon Repayment by Parlia- On Repayment ment to the faid Governor and Company of the Bank of England, and their Succeffors or Afiigns, of the by Parliament , faid Sum of one million feven hundred and fifty thoufand Pounds, without any Deduction, Difcount r Annut 3' le - Abatement whatfoever to be made out of the fame, or any Part thereof, and of all Arrears of the faid An- deemed - nuity or yearly Sum of feventy thoufand Pounds, then and not till then, the faid Annuity or yearly Sum fliall from thenceforth ceafe and be underftood to be redeemed ; and from and after fuch Redemption, the Monies arifing from the faid Impofitions and Duties fliall not be iffued or applied to any Ufe or Purpofe, but as fliall be directed by future Act or Acts of Parliament; any Thing in this or in any former Act or Acts of Parliament to the contrary notwithftanding. ' XIII. And in regard it is intended that the faid Annuity or yearly Sum of feventy thoufand Pounds, therefore provided and enacted by the Authority aforefaid, That if at any Time or Times after the twenty- After 23 Vic- fifth Day of December one thoufand feven hundred and twenty-nine, Payment be made to the faid Governor 1729. if Pay- and Company of the Bank of England of any Sum or Sums of Money (not being lefs than five hundred ment be made thoufand Pounds at a Time) in Part of the faid Principal Sum at which the faid Annuity is redeemable,, toth f Bank notc and alfo if Payment be then alfo made of all Arrears of the faid Annuity, then from and after every fuch rcoccol. fo Payment fo made, fo much of the faid Annuity, as fliall bear Proportion to the Monies fo paid in Part of much of the An- the faid whole Principal Sum, fliall ceafe, determine, and be underftood to be redeemed ; any Thing in this nuity to ceafe. or in any former Act or Acts of Parliament to the contrary notwithftanding. XIV. And be it further enacted by the Authority aforefaid, That the faid Governor and Company of Banktocontinue the Bank of England, and their Succeffors, fhall continue and be a Corporation, and fhall enjoy all the Ca- a Corporation till, pacities, Powers, Privileges and Advantages to them as a Corporation belonging, until the compleat Re- the whole Sum demption of the whole of the faid Annuity or yearly Sum of feventy thoufand Pounds, according to the b= remaned, before mentioned Provifoes for that Purpofe ; any former or other Statute to tlfe contrary notwithftanding. XV. And for the better enabling the faid Governor and Company of the Bank of England at all Times Bank m afii " Q hereafter to fupport their own and the publick Credit, Be it enacted by the Authority aforefaid, That all ove r their An* former Powers or Authorities heretofore granted to them for affigning or otherwife difpofing of any Annui- nuities. ties- or Capital Stocks heretofore purchafed by and now belonging to them, fhall be and are hereby revived, continued and confirmed to them; and alfo that the faid Governor and Company fhall or may, and they are hereby impowered, at any Time or Times hereafter, to affign, transfer, or otherwife to difpofe of the Vol. V. 4. O faid.
 * may be redeemed by any Payments not lefs than five hundred thoufand Pounds at a Time, and that as the
 * faid Principal Money fliall be paid off, the faid Annuity fhall proportiona'oly fink and be abated ;' Be it