Page:Ruffhead - The Statutes at Large - vol 6.djvu/605

 A. D. 1744. Anno decimo fepfimo Georgii II. C. 17. 539 be necefTary to make good fuch Deficiencies, fhall. be iffued and paid to the faid United Compony ac- cordingly. VII. Provided always, and be it enacted by the Authority aforefaid, That whatever Money fhall 'be to be replaced iffued out of the faid Sinking Fund, fhall from time to time be replaced by and 'out of the firft Sdpph'es ol,t °f ,he fitft to be then after granted in Parliament. ' •' Supplies. VIII. And for the better enabling the faid United Company of Merchants of England, trading to the Eafl Indies, to raife and pay the faid Sum of one million to his Majefly's Ufe as aforefaid ; It is ' hereby India Company enacted by the Authority aforefaid, That it fhall be, lawful' for. the faid United Company under thur may borrow an common Seal, to borrow any Sum or Sums of Money from time to time, .upon Account of their "Stock equivalent Sum and Fund, fo as the Sum total of all the principal Monies, which at any one Time fhall be owing upon ^ dtr ^ C1 c ca | the Security of the faid Seal, do not exceed one million over and above the Monies which might lawfully be borrowed thereupon, before the making of this prefent Act. IX. Provided always, and it is hereby further enacted by the Authority aforefaid, That at any Time, On a Year's upon one Year's Notice to be given by Parliament, after the twenty-fifth Day of March which fhall be Notice, af»y: ; in the Year of our Lord one thoufitnd feven hundred and forty-five, and not before, upon the Expiration V 745 ' In, J,a of the faid Year, and upon Repayment by Parliament to the faid United Company of Merchants of Eug- Deb^may'he land trading to the Eafl Indies, or their SuccefTors, as well of the faid Sum of three million two hundred redeemed' thoufand Pounds formerly advanced, as of the faid Sum of one million now to be advanced, amount- ing in the whole to the Sum of four million two hundred thoufand Pounds, without any Deduction, Dif- count or Abatement whatfoever to be made out of the fame, or any Part thereof; and upon Payment to the faid United Company, and their SuccefTors, of all Arrears of the faid refpe£tive Annuities or yearly Funds of one hundred and twenty-eight thoufand Pounds, and thirty thoufand Pounds, then and in fuch Cafe, and not till then, the faid refpedtive Annuities or yearly Funds fhall ceafe, determine, and be no longer paid or payable. 1 X. And in regard it is intended that at any Time of Times after the faid twenty-fifth Day of March by the Authority aforefaid, That at any Time or Times upon one Year's Notice after the faid twenty- 5° >°° o1 - to fifth Day of March one thoufand feven hundred and forty-five, to be given by Parliament, upon the Ex- be p ^ d off "* piration of the faid Year, and on Repayment by Parliament to the faid United Company of any Sum of 'Money not being lefs than five hundred thoufand Pounds, in Fart of the faid Capital Stock or Debt of j four million two hundred thoufand Pounds ; and upon Payment of all Arrears which fhall then be due on their faid Annuities or yearly Funds, or upon any Part thereof, then from and after fuch Payment, •fo much of the faid Annuities as fhall bear Proportion to the Monies fo paid in Part, fhall ceafe, deter- mine, and be abated, and fo on from time to time on fuch yearly Notices to be given by Parliament ; and ' Payment from time to time of fuch other Sums in Part of the faid Capital Stock or Debt, not lefs than five hundred thoufand Pounds at a Time, and of fuch Arrears of their then Annuities or yearly Funds, 'Until the Payment of the whole fhall be compleated, fo much of their faid Annuities or yearly Funds as (hall bear Proportion to fuch refpecTdve Sums paid in Part, fhall from time to time, as fuch Payments are made, fink and be abated, until their whole Annuities or yearly Funds fhall be entirely funk' and determined. XI. And it is hereby further enacted by the Authority aforefaid, That notwithftanding fuch Redemp- Company to have tion of the faid Annuities or yearly Funds of one hundred and twenty-eight thoufand Pounds, and thirty ;L n *i xclufiv (j thoufand Pounds as aforefaid, the faid United Company of Merchants of England trading to the Eaft-.-^ ,j n j° e ^ e Indies, fhall (fubject to the Provifo of Determination herein after contained) have, ufe and enjoy, and fuall continue to have, ufe and enjoy the whole, fole, and exclufive Trade and Traflick, and the only 'Liberty, Ufe and Privilege of trading, trafficking and exercifing the Trade or Bufinefs of Merchandize, •in, to and from the Eajl Indies, and in, to and from all the Iflands, Ports, Havens, Coafts, Cities, Towns •and Places between the Cape of Good Hope and Streights of Magellan, and Limits in the faid Act of the •ninth Year of the Reign of his faid late Majefly King William the Third, or in the faid Charter of the fifth Day of September in the tenth Year of his faid Majefty's Reign mentioned, in as ample and be- neficial Manner as the faid Company could thereby or otherwife lawfully trade thereto ; and the faid Eafl Indies, or the Iflands, Havens, Coafts, Ports, Cities, Towns and Places within the Limits aforefaid, •or any of them, fhall' not from henceforth at -any Time before fuch Determination of the faid Pole and whole Trade of the faid United Company of Merchants of England trading to the Eafl Indies, as is here- in after mentioned, be repaired or failed to, vifited, frequented, or haunted by any other the Subjects of- •. -.' . ' his Majefly, his Heirs or SuccefTors whatfoever ;■ and if any of the faid Subjects of his Majefly, his Heirs Penalty on pri- or Succefiors, of what Degree or Quality foever they be, other than the Factors, Agents and Servants vate Tjailers> of the faid United Company of Merchants of England trading to the Ettft Indies, or' fuch as fhall be by
 * one thoufand feven hundred and forty-five, the faid Capital Stock or Debt of four million two hundred
 * thoufand founds may be paid off to the faid United Company, by any Payments not being lefs than
 * five hundred thoufand Pounds at a Time ; and that as the faid leffer Payments fhall be made, the faid
 * Annuities or yearly Funds of one hundred and twenty-eight thoufand Pounds, and thirty thoufand
 * Pounds, payable to the faid Company, fhall proportionably fink and be abated ;' Be it therefore enacted Not lefs than
 * them thereunto licenfed or authorized, fnall at any Time or Times hereafter, before fuch Determina-

tion of the faid Company's whole and fole Trade as aforefaid, directly or indirectly fail or go to, viiit, ■ haunt, frequent, traffick, trade or adventure in, to or from the faid Eajt Indies, or other the Limits or Parts aforefaid, contrary to the true Meaning hereof, all and every fuch Offender and Offenders fnall incur Hie Forfeiture and Lofs of all the Ships and Veflels, which fhall be imployed in fuch Voyage, Trade, Traffick -or Adventure, with the Guns, Tackle,- Apparel and Furniture thereunto belonging, .and-alfo Z z z ? all