Page:Ruffhead - The Statutes at Large - vol 6.djvu/188

 126 C. 25. Anno fexto Georgii II. A. D. 1733. and pay the faid intire Sum of one million, and the faid South-Sea Company may defire then to receive the whole Sum in one intire Payment, in order to make one Distribution of the whole amongft all the Proprietors of their faid Capital Stock of Annuities at one Time; Be it further enacted by the Author Treafury may rity aforefaid, That upon Application being made by the faid Company to the Commiflioners of his borrow Money Majefty's Treafury now or for the time being, or the Lord High Treafurer for the time being, and on 3 tiie faid Fund g' v ' n S tnem Notice of fuch their Defire to have and receive the faid one million in one intire Pay. to fuppiy Defi- ment ten Days at lead before the faid Feaft-Day, it (hall and may be lawful to and forthe faid Com- eienaes. miffioners of the Treafury, or any three or more of them, or the Lord High Treafurer, by Warrant under their Hands to permit or fuffer any Perfon or Perfons, Body or Bodies Politick or Corporate, to advance or lend to his Majefty at the Receipt of his Exchequer fo much Money, as together with the Monies then remaining in the Exchequer of the faid Surpluses, Excefles or Overplus Monies, commonly called The Sinking Fund, mall be wanting to compleat the faid Sum of one million, upon Credit of the growing Produce of the faid Surplufles, Excefles or Overplus Monies, and to^ be repaid out of the fame, as they (hall quarterly afterwards arife, together with an Intereft for the Forbearance thereof, in the mean Time, after a Rate not exceeding three Pounds per Centum per Annum; and in fuch cafe the Money fo to be lent or advanced, fhall be iflued and paid to the faid Company, together with the Monies then remaining in the Exchequer of the faid Surpluffes, to compleat the Payment of the faid entire Sum of one million; and the Monies which from thenceforth fhall arife from the faid Sur- pluffes, (hall quarterly be iflued and applied to difcharge and fatisfy fuch Loans with the Intereft thereof, in the clue Order and common Courfe of the Exchequer, in cafes of Loans; any thing herein before contained to the contrary notwithstanding. The Money to III. And be it enacted by the Authority aforefaid, That the faid South Sea Company fhall forthwith, ■ft e -b' ua d y d 'h u P on the Receipt of the faid Sum of one million, or as foon after as conveniently may be, divide out, Proprietors. 1 * an( J diftribute the fame as near as conveniently may be done, amongft all the feveral Proprietors of their faid Capital Stock of Annuities, towards finking and discharging fo much of their Shares or Interests in the faid Capital Stock of Annuities, by even and equal Dividends amongft them all, in Proportion to their refpective Shares or Interefts therein. IV. And to the End, Intent and Purpofe that all truft Eftates and Interefts in the faid Capital Stock of Annuities of the South-Sea Company may be preferved and improved for the Benefit of the Per- fons concerned therein, with the leaft Expence and Inconvenience to them; Be it enacted by the Au- Truft Eftates thority aforefaid, That in all and every Cafe and Cafes where, in purfuance of this Act, any Payments to be preferved. or Dividends dial] be made of the Capital of any fuch Annuity Stock, as fhall be vefted in any Perfon or Perfons in Truft for other Perfons, who have or claim diftinct or different Interefts therein, or for any other Ends or Purpofes, for which the Capital Sum or Annuity ought to be preferved intire, fuch Payments or Dividends of the Capital Stock or Annuities (hall not be paid or applied as Dividends of Profit, Annuity or Intereft, but (hall remain in the Hands of fuch Truftees refpectively, till otherwife tlifpofed of at Intereft; and for that Purpofe it (hall and may be lawful to and for the Truftee or Truftees, who fhall receive the fame, at his or their Difcretion, to lay out or difpofe of the fame or any Part thereof, in the Purchafe of fo much other Capital Stock of the fame Kind, as at the current Market Price of fuch Annuity Stock the Monies received for fuch Dividends (hall, as near as conve- niently may be, extend to purchafe; which new purchafed Stock of Annuities (hall be transferred to fuch Truftee or Truftees, and a Receipt or Receipts (hall be given and (igned by the Perfon or Perfons transferring the fame, for the Monies paid for the fame; and in cafe fuch Truftees refpectively, by Writing indorfed on or annexed to fuch Receipts, and figned or acknowledged before one of the Mafters of the High Court of Chancery, (hall declare that the Monies in the faid Receipts were the Produce of the faid Dividends of the faid Capital Stock of Annuities, (which Signing or Acknowledg- es farther con- ment fuch Matters in Chancery are hereby required to accept or take, and each and every fuch Mafter timing South- before whom the fame (hail be done, (hall at the fame time certify the fame, by fubferibing his Name cTpHz^'and thereto, for doing whereof fuch Mafter (hall be paid for each Certificate one Shilling and no more) 7 Gm. 2. "1. 17. then and in every fuch Cafe, the Annuity Stock mentioned in fuch Receipts to be transferred, fhall re- 9 Gm. 2. c. 34. fpectively go and be deemed fubject and liable to the fame Trufts, for the Benefit of the fame Perfons, ioft(!fc''i. 7 ' an( ' * 01 ' the f am e Ufes, Ends, Intents and Purpofes, as the reft of the truft Annuity Stock remaining ,34 Geo', x; i. z in fuch Truftees refpectively will or ought to be fubject and liable to; and fuch Truftees refpectively 16 Geo. 2. e. 16. doing5 at the £ xpence Q f the fai J tfuft EftateS. ^"'dT h i- nder f V • Provided always, That nothing in this Act contained (hall extend or be conftrued to extend to Truft Mon'ifs'in r eStrain or prohibit any fuch Truftees from laying out or difpoflng of any of the faid truft Monies in other Securities, any other Purchafes or any other Securities, whether publick or private, if they (hall fo think fit, in the fame Manner and with the fame Freedom and Security to themfelves as they might have done if this Act had not been made. 8o,oooi. out of VI. And be it further enacted by the Authority aforefaid, That out of the Money arifen by Sale of theSaieof Lands t ] le L an ds in the Ifland of Saint Chrijiopher, now remaining in the Exchequer, there be iflued and applied pher's Mand" the Sum of eighty thoufand Pounds for the Marriage Portion of her Royal Highnefs the Princefs Royal, granted as the without any Deduction, Fee or Reward whatfoever; any Law, Statute or Provifion to the contrary in any tfon of the P pr r r n : wife notwithstanding. cefs Royal, VII. And be it further enacted by the Authority aforefaid, That after fatisfying and paying, or referving and 10,000 1. to Sufficient to fatisfy and pay the Sum of eighty thoufand Pounds, by this Act granted as a Marriage Por- the Colony of tion to Her Royal Highnels the Princefs Royal, there fhall and may be iflued and applied, out of the Georgia. Money arifen by Sale of the Lands in the liland of Saint Chriftopher^ now remaining in the Exchequer, 8 ' ' the
 * £."■ (hall from thenceforth be indemnified from any Lois, Charges or Damages, on account of their fo