Page:Ruffhead - The Statutes at Large - vol 6.djvu/371

 A. D. 1738. AiinoundecimoGEORGii II. C. 27. 309 ' Proportion to ths Sum or Sums fo paid in Part, lhall ceafe, determine and be abated : And whereas iCco.*. • in purfuance of an Act of Parliament made in the firft Year of his preient Majefty's Reign, inti- c ' s ' ' tilled, An Aft for granting an Aid to his Majejly ly Sale of Annuities to the Bank of England, at four 1 Pounds per Centum redeemable by Parliament, and charged upon the Duties en Coals and Culm; and for ' further dp/dying the Produce of the Sinking Fund ; and for enlarging the Time for exchanging of Nevis and 1 Saint Chriitopher'i Debentures, for Annuities at three Pounds per Centum ; and jor applying the Arrears ' of his late Majejly's civil Lijl Revenue ; the Sum of five hundred thoufand Pounds was paid to the faid ' Governor and Company of the Bank of England, in Part of 'the faid principal Sum of two millions, 4 for reducing twenty thoufand Pounds per Annum, being a proportional Part of the faid Annuity or ' eighty thoufand Pounds, fo that there is now fubiifting of the fame Annuity only the yearly Sum of ' lity thoufand Pounds, which is redeemable in Manner aforefaid, on Payment to the fame Governor flat. z. ' and Company of the remaining principal Sum of one million five hundred we your Majefty's molt dutiful and loyal Subjects the Commons of Great Bri, thoufand Pounds :' Nov tain in Parliament affem- bled, being willing to have the publick Debts and Incumbrances difcharged as faft as conveniently may be with regard to Juftici and the publick Faith, and being alfo defirous to raife the Supply granted to your Majefty in this Seflion of Parliament, by Ways the leaft burthenfome to your Subjects, have refolved to give and grant unto your Majefty the Sum of one million rive hundred thoufand Pounds, out of the Surplufies, Exccffes and- Overplus Monies, commonly called The Sinking Fund, towards the Supply granted to your Majefty for the Service of the ear one thoufand feven hundred and thirty- eight ; and to that End and Purpofe do moft humbly befeech your Majefty that it may be enacted, and .be it enacted by the King's moft Excellent Majefty, by and with the Advice and Confent cf the Lords Spiritual and Temporal, and Commons, in this prefent Parliament aflembled, and by the Authority of the fame, Tiiat by or out of fuch Monies as have arifen, or lhall from time to time arife and be in One million the Receipt of his Majefty's Exchequer, of the faid Surpluffes, Excefles and Overplus Monies, com- and an halt to inonly called the Sinking Fund (after paying or referving fufficient to pay all fuch Sum and Sums of th/sinking. Money as have been directed by any former Act or Acts of Parliament to be paid out of the fame) Fund. there (hall and may be iflued, paid and applied a Sum not exceeding the faid Sum of one million five hundred thoufand Pounds, for or towards the Supply granted to his Majefty for the Service of the faid Year one thoufand {'even hundred and thirty-eight ; and the Cornmiftioners of his Majefty's Treifury, or any three or more of them now being, or the high Treafurer, or any three or more of the Com- millioners of the Treafury for the time being, are hereby authorized and impowered to iffue and apply the fame accordingly. II. And your Majefty's faid Commons having refolved to give and grant unto your Majefty the fur- ther Sum of five hundred thoufand Pounds, for the Service of the faid Year one thoufand (even hundred and thirty-eight, to be raifed in fuch Manner and Form as is herein after mentioned, Be it further enacted by the Authority aforefaid, That the Annuities which by this Act (hall be granted and mad.; payable Sinking Fund in refpect of the faid principal Sum of five hundred thoufand Pounds until Redemption thereof by Par- a "' Y,^ a, ble fOT hament, in Manner herein after mentioned, (hall, from and after the Feaft Day of Saint Michael the of "the Loarfof Archangel one thouf;nd feven hundred and thirty-eight, be charged and chargeable upon, and pay- 500,000!. able out of, the Monies, which from and after the faid Feaft Day (hall from time to time arife and be remaining in the Receipt of his Majefty's Exchequer of or for the faid Surpluffes, Excefles or Over- plus Monies of the Fund commonly called the Sinking Fund, and the faid Surpluffes, Excefles or Over- plus Monies, are hereby appropriated for that Purpofe accordingly. III. And for or towards raiting the (aid Sum or Sums of Money not exceeding in the Whole the faid ciaufe of Sum of five hundred thoufand Pounds ; it is hereby further enacted by the Authority aforefaid, That it Credit, (hall and may be lawful to and for any Perfon or Perfons, Natives or Foreigners, Bodies Politick or Cor- porate, to contribute, advance and pay into the Receipt of his Majefty's Exchequer, for his Majefty's Ufe, at fuch Time or Times as (hall be appointed by the Commiflioners 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- iiiilfioners of the Treafury. for the time being, any Sum or Sums of Money not exceeding the faid Sum of five hundred thoufand Pounds, for the abfolute Purchafe of any certain Annuity or Annuities,, to commence from the faid Feaft Day of Saint Michael the Archangel one thoufand feven hundred and thirty-eight, and to be paid and payable to fuch Contributor or Contributors, or fuch as he, (he or they (hall nominate his, her or their Executors, Adminiftrators, Succeffors and Afligns respectively, until the Re- demption thereof by Parliament, in Manner herein after contained in that Behalf; which certain An- <ri. c ■ preirifn-r nuities (hall be computed at the Rate of three Pounds per Annum for every one hundred Pounds, ofdefperC-ih-, and proportionably for any greater Sum fo to be advanced and paid, and the Purchafe Money fo paid -f J :" u: .'h' s .'"' :y c r 1 . • 1 t r r • 1 1 . •' * i . • i • 1 r - i i< • ,- {ubfcrwt: into j tor every (uch Annuity at the Kate atoreiaid, is hereby appointed to be paid into the faid Receipt ot ,/..<■ y.m &«■*, Exchequer at the Time or Times to be appointed as aforefaid ; all which Annuities fo to be purchafed 25 G». z- •■ *r* lhall be paid and payable at two of the moft ufual Feafts or Days of Payment' in the Year (that is to fay) The Feaft of the Annunciation of the bleffed Virgin Mary, and. Saint Michael the Archangel, by even , and equal Portions ; the firft Payment thereof to be due and payable at the Feaft of the Annunciation of the bleffed Virgin Mary, which lhall be in the Year of our Lord one thoufand feven hundred and thirty-nine. IV. And it is hereby enacted, That in the Off., es of the Auditor of the Receipt and Clerk of the Back cf Ac- Pells, there (hall be provided and kept a Book or Books, in which there fhall be fairly- entred the Names f c ™ cs tc be ' of ail Perfons who (hall be Contributors for fuch certain Annuities as aforefaid, and of all Perfons by ' v ' ?t '. whole Hands the faid Contributors (hall pay in any of the faid Sums upon this A<5t, and alfo the Sums paid for fuch Annuities ; to which Book it lhall be lawful for the faid refpective Contributors^ their Exe^ cators.