Page:Ruffhead - The Statutes at Large - vol 6.djvu/194

 132 C. 28. Anno fexto Georgii II. A. D. 1733. The other the other fourth Part or one Part in four of the faid whole Capital Stock, amounting by Computation to fourth I art to t y, rp ~ m]v, n „ e r,., i,„„j, j r,„t„ *,„« <-i, n .,r„ n .4 r„„ — u„-,j„„j <„.,.*„.... <;.,= d„,,„j^ t'^.^^'m^ cu:n: j continue as a three millions fix hundred fixty-two thoufand feven hundred leventy-five Pounds feven'teen Shillings and 'I riding Stock, a Farthing, lhall remain,, continue and be in the laid South-Sea Company as a trading or Capital Stock in their own Right, attended with the R.efidue of the faid Annuities or Funds, which are payable at the Ex- chequer to the faid Company for their whole Capital, until the Redemption thereof by Parliament, according to the Purport and true Meaning of this Act, and alfo attended with the feveral Sums fettled and allowed for Charges of Management, and with all Monies, Effects, Benefits, Profits of Trade, Debts, Dependencies, Privileges and Advantages now due, owing or belonging to the faid South-Sea Com- pany, fubjedt as the fame is hereafter made fubject. ThefaidAnnui- HI. And be it further enacted by the Authority aforefaid, That all and every the Member and. quarterly! inTuii Members, Proprietor and Proprietors, having any Share or Intereft, on the faid twenty-fourth Day of of all Profits, by June one thoufand feven hundred and thirty- three, of or in the faid three fourth Parts or three Parts the Company, jn four of the laid Capital Stock, amounting to the faid Sum of ten millions nine hundred eighty- eight thoufand three hundred twenty-feven Founds eleven Shillings and three Farthings, his, her or their Executors, Adminiftrators, SuccelTors and Affigns reflectively, in Lieu and full Recompence of and for fuch his and their Share and Shares therein, and of the proportional Annuities or Funds, Divi- dends, Profits and Advantages, which belonged to every fuch Share or Shares before the making of this A6r, lhall at the Times hereafter mentioned have, receive and enjoy, and be intitled, by Force and Virtue of this Act, to have, receive and enjoy, free of all Charges, one or more certain Annuity or Annuities, to be computed after the faid Rate of four Pounds per Centum per Annum, on the faid Sum of ten millions nine hundred eighty-eight thoufand three hundred twenty-feven. Pounds eleven Shil- lings and three Farthings, from and after the faid twenty-fourth Day of June one thoufand {even hundred and thirty-three, until Redemption by Parliament, and proportional Annuities for any who are to re- greater or leffer Sums ; and the faid South-Sen Company fhall, from and. after the faid twenty-fourth attheExche"uer ^ Z Y °*" J me 0Qe thoufand feven hundred and thirty-three, have and receive, and be intitled by Virtue of in Truft C for q the tniS Act to have and receive at the Exchequer, out of the Duties, Revenues and Incomes charged with. Annuitants. their whole Annuities or Funds payable there, the Annuity to attend the faid three fourth Parts or three Parts in four fo as aforefaid converted into the faid new joint Stock of South-Sea Annuities, from the faid twenty-fourth Day of June one thoufand (even hundred and thirty-three, until Redemption by Par- liament as aforefaid, by weekly or other Payments, as the whole Funds or Annuities of the lame Com- pany are now payable to them; neverthelefs in Truft and for the Benefit of the Annuitants, or the Mem- bers or Proprietors who lhall be intitled to the faid new Joint Stock of South-Sea Annuities-, according to their refpective Interefts therein ; and the faid South-Sea Company (hall, from and after the faid twenty-fourth Day of June one thoufand feven hundred and thirty-three, have and receive, and be intitled by virtue of this Act to have and receive in their own Right at the Exchequer, in the fame Manner as, their whole Funds or Annuities are now payable, the Refidue of the faid Annuities or Funds, as the An- nuity or Fund to attend the faid remaining Trading Stock of the faid South-Sea Company hereby intend- TheAllowances e j t0 De continued in the faid Company as aforefaid, till Redemption thereof by Parliament; and fhall Company' for a ^°5 unt il fuch Redemption, have, receive and enjoy, and be intitled to have, receive and enjoy the faid charges of Ma- Allowances made and to be made for Charges of Management as aforefaid, and lhall alfo be intitled to all nagement, &c. the Monies, Effects, Debts and Dependencies whatfoever due, owing or belonging to the laid South-Sea Company, and alfo to hold, exercife and enjoy all the Profits of Trade and other Privileges and Advan- tages belonging to the faid Company before the making of this Act. Proprietors of IV. And be it further enacted by the Authority aforefaid, That all and every the Members or Pro ro- the Trading prietors having any Share or Shares, on the faid twenty-fourth Day of June one thoufand feven hun- a^Eenefiis^f ^ re£ ^ an( ^ thirty-three, in the faid remaining fourth or one Part in four of the faid Capital Stock to be Trade. continued in the laid Sout h- Sea Company, and be their Trading Stock as aforefaid, his, her and their Executors, Adminiftrators, SuccelTors and Affigns reflectively (hall have and be intitled to proportional Shares of and in the faid Annuities or Funds attending the fame, and alfo all the Monies, Effects, Debts and Dependencies aforefaid, and all Benefits of Trade, Advantages and Benefits whatfoever belong- ing and remaining in the laid South-Sea Company, and the faid Allowances made and to be made for Charges of Management, folely and exclufively from the faid new Joint Stock of South-Sea An- nuities. ffaK-yearlyAc- V. And for the better preventing any Exceedings in Dividends to be made by the faid South-Sea before the^Ge-" 1 Company for the future, Be it enacted by the Authority aforefaid, That the Accomptant of the faid neialCouit,who Company lhall, from and after the faid twenty-fourth Day' of June cne_ thoufand {even hundred and are to appoint thirty-three, twice in every Year (that is to fay) at Chrijlmas anid Midfummer, or within one Month the Dividend. a ft e r,- ftate and prepare an Account of the faid Company's Affairs, which fhall be laid before the next General Court of the faid Company, in order to their declaring a Dividend ; and that all Dividends to be declared and made by the faid South-Sea Company to the feveral Adembers and Proprietors thereof fhall be declared and made ou: of the clear Revenue and Profits of the faid Company, after the current Payments of Intereft and other Outgoings, Charges and Expences of the faid Company (hall be there- out firft allowed and deducted ; and that fuch Dividends fhall not, at the refpeclive Times of making thereof, exceed in the whole what the faid Company at fuch refpective Times, according to their then Circumftances and Ability (any hidden or unforefeen Lodes which may happen to the laid Company in their Trade, or otherwife, excepted) can or may feafonably divide, without incurring any fartht* Dividend not to Debt on their laid Trading or Capital Stock, fo near as the lame can be computed; provided that the Ce?!t^tiLic Per ia '^ Company fhall not at any Time divide more than after the Rate of four Pounds per Centum per pan$i Debts be l Jnnum, until their prefent Debts and Incumbrances lhall be cleared and paid off: and the faid South* paid. . . StS