Page:Ruffhead - The Statutes at Large - vol 6.djvu/322

 36o C. 17. Anno decimo Georgii II. A. D. 1737. the Bearers thereof refpectively, neverthelefs the faid Intereft fhall be abated and faved upon fuch of the faid Bills to be made forth by this Act as (hall at any Time or Times be in the Receipt of the Ex- chequer, or in the Hands or Power of any Receivers or Collectors of any Taxes, Aids or Revenues ■whatfoever, payable to his Majefty, his Heirs and Succeffors, during fuch Time and Times respective" ly as fuch Bill or Bills (hall be or remainjin the faid Receipt, or in fuch Hands or Power as aforefaid. Th fe Bills to XIX. And it is hereby enacted, That all the faid Bills (6 to be prepared and made (hall be number- be numbered ed Arithmetically, beginning with N° I. and fo proceeding in an Arithmetical ProgrefTion afcending, Arithmetically, wherein the common Excels or Difference lhall always be one, and (hall be regiftred accordingly; fo that the principal Sums to be contained in every fuch Biir(after Repayment of the Loans which mail have been made as aforefaid, if any fuch be, with the Intereft thereof, or referving Money fufficient for that Purpofe) may regularly be paid off and difcharged in Courfe according to the Number of every fuch Bill as it mall (land in the faid Regifter; and that the Intereft upon all and every the fame Bills ihall be payable half yearly according to the Purport and true Meaning of this Act; and that upon every fuch Bill there (hall be indorfed, printed, or written, in Words at Length or in Figures the Sum after which the Principal to be contained therein (hall be payable in fuch Courfe as aforefaid according to the Purport and true Meaning of this Act. SffeCourfe XX. Provided always, and be it enadted by the Authority aforefaid, That in cafe the feid Sum not of Payment for exceeding five hundred thoufand Pounds fhalL be raifed partly by Loans and partly by Exchequer Bills Loans or Ex- according to the Powers before given by this Act, that then and in fuch Cafe it (hall and may be lawful chequer Bills. to an( j for the Commiffioners of his Majefty's Treafury, or any three or more of them now being, or the High Treafurer, or any three or more of the Commiffioners of the Treafury for the time being, when and as often as they (hall by virtue of the faid Powers direct any fuch Loans to be taken, or any fuch Exchequer Bills to be made out, at the fame Time alfo to direct and appoint the Courfe and Orr der in which fuch Loans or Exchequer Bills ihall ftand upon the faid Regifter, and after what Sum they ihall refpe6tively begin to be payable in Courfe out of the Monies arifing by this Act, fo as no fubfequent Loans or Exchequer Bills be made to alter the Courfe at firft appointed for prior Loans or Exchequer Bills at the Time of taking in or making out fuch prior Loans or Exchequer Bills; any thipg herein before contained to the contrary notwithstanding. Treafury to ap- XXI. And it is hereby further enacted, That all the faid Bills fliall be prepared and made with fuch point Cheques, Ch e q UeS) Indents, or Counterfoils as (hall be directed by the faid Commiffioners of the Treafury, or any three or more of them now being, or by the High Treafurer, or any three or more of the Com- miffioners of the Treafury for the time being; and that the Perfon or Perfons, who lhall be appointed to pay off the faid Bills in Courfe, fliall, from time to time, have the Ufe and Cuftody of one Part of all the Cheques, Indents, or Counterfoils of the faid Exchequer Bills to be prepared and made by vir- tue of this Act, from which the faid Bills (hall have been cut, to prevent his or their being impofed on by counterfeit or forged Bills; and that the Undertakers or Contractors for exchanging and circulating the faid Bills, or fuch of them as (hall be current, (hall from time to time have the Ufe and Cuftody of one other Part of all the faid Cheques, Indents, or Counterfoils of the faid Exchequer Bills, from ■ • which the fame ihall have been cut off as aforefaid, in order to prevent their being impofed upon by ihall be delivered back into the Exchequer, when the faid Bills to be made forth by virtue of this Act fhall be paid off, cancelled, and difcharged. E j^ *° be c . ■ XXII. And it is hereby enacted, That the faid Commiffioners of the Treafury, or any three or more intheExche'- of them now being, or the faid High Treafurer, or any three or more of the Commiffioners of the quer. Treafury for the time being, fhall and they are hereby refpectively authorized and impowered to caufe fuch Bills as fhall be prepared virtue by of this Act to be placed as fo much Cafh in the refpective Of- fices of the Tellers of the faid Receipt of the Exchequer, each and every of which Tellers lhall be fe- verally charged with the Proportion of the faid Bills which fhall be fo placed in his Office refpectively; any Law or Ufage to the contrary notwithstanding. Claufes in the XXIII. And be it further enacted by the Authority aforefaid, That all the faid Bills to be iffued as ¥ a,t A? r .| la " aforefaid (hall be current in like Manner, and with fuch Privileges and Advantages, and fubject to chequer Bills?" fiich Rules and Directions as are prefcribed and enacted by an Act of this prefent Seffion of Parlia- extended to ' ment, intituled, An Ail for continuing the Duties upon Malt, Alum, Cyder, and Perry, in that Part of Great Britain called England, and for granting to his Majefy certain Duties upon Malt, Mum, Cyder and Perry in that Part oj Great Britain called Scotland, for the Service of the Year one thoufand /even hundred and thirty-feven, for or concerning the Exchequer Bills thereby authorized to be made forth; and that all and every the Claufes and Provifoes in the faid laft-mentioned Act relating to the Currency, Exchanging, or Receiving the fame laft-mentioned Exchequer Bills by any publick Receivers of Aids, Taxes, or Supplies, or in his Majefty's Receipt of the Exchequer, or for preventing the forging, counterfeiting, or altering the fame Bills, or for making out new Bills in the Room of fuch as (hall be filled up with Indorfements, de- faced, loft, burnt, or otherwife deftroyed, or for making out Exchequer Bills of five thoufand Pounds each, or for making out Exchequer Bills without bearing Intereft, or for making them afterwards to bear an Intereft, or a higher or lower Rate of Intereft from time to time as the Contractors fhall agree to, or for preventing any Miiapplication of the Fund on which the fame are charged, or any other Misbehaviour of any Officers concerned "in the receiving, iffuing, exchanging, paying off, or cancel- ling the fame laft-mentioned Exchequer Bills, or for enabling the Commiffioners of the Treafury, or the Lord High Treafurer for the time being, to contrail from time to time with any Perfon or Peribns y Body or Bodies Politick or Corporate, for Payment of the Intereft of, or exchanging for Ready Money on Demand, the Exchequer Bills thereby authorized to be iffued at a Rate or Premium not exceeding three this.
 * •"' counterfeit or forged Bills; and that all the faid Parts of the faid Cheques, Indents, or Counterfoils,