Page:Ruffhead - The Statutes at Large - vol 6.djvu/711

 A. D 1746J Anno decimo nono GeOrgii II. C. 6: 645 and fo often, and in every fuch Cafe, the Deficiency of any fuch Quarter fliall and may be fupplied out the Deficiency of the -Overplus Monies of the faid Duties arifing in any (ubfequent Quarter; and in cafe at any Time to be made gnod or Times after the faid twenty-fifth Day of March one thoufand feven hundred and forty-fix, fuch Pro- out ofthc <■ duce fhall be fo low or deficient at the End of any one Year (computing the fame to end at Lady-day fr"l°J,A ny ,u '~ yearly) as that the fame fhall not be fufficient to pay and difchargc the whole Years Annuity then "^ ., TL^ 8 '' grown due, then every fuch yearly Deficiency fhall, from time to time, be anfwered and •'■ ooJ a" -hie' End of "he by and out of the firft Supplies, which fhall be granted in Parliament next after fuch Deficiency ihall Year out of the" appear; and in cafe no fuch Supplies fhall be granted within fix Months next after fuch Deficiency fliall firft Suppliei, happen, then the fame fhall be made good out of any the Monies which at any Time or Times fhall be and remain in the Receipt of the Exchequer, of the Surplufics, Excefles, or Overplus Monies, commonly called The Sinking Fund (except fuch Monies of the faid Sinking Fund, as are appropriated to any par- or SinkingFunJ, ticular Ufe or Ules by any former Aft or Afts of Parliament in that Behalf) and iuch Monies of the faid Sinking Fund fhall and may he from time to time iflued and applied accordingly. X. Provided always, and be it enafted by the Authority aforefaid, That whatever Money fhall be ilTucd Piovifo. out of the faid Sinking Fund, fliall from time to time be replaced by and out of the firft Supplies to be then after granted in Parliament. Provided always, and be it enafted by the Authority aforefaid, That upon Repayment by Parlia- UponRepaymcr.' ment to the faid Governor and Company of the Bank of England, and their Succeflbrs, of the (aid prin- ot < 1kP !" 1 ' cipal Sum of nine hundred and eighty-fix thoufand eight hundred Pounds, without any Deduction, Dif- fi n tereft the count, or Abatement whatfoever to be made out of the fame, or any Part thereof, and of all Arrears of Annuity to cute, the faid Annuity, or yearly Sum of thirty-nine thoufand four hundred and feventy-two Pounds, then, and not till then, the faid Annuity, or yearly Sum, fhall from thenceforth ceafe, and be underftood to be redeemed ; and from and after fuch Redemption, the Monies arifing by the faid Duties for Licences by this Aft, direfted to be fet apart for the Payment of the faid Annuity, or yearly Sum of thirty-nine thou- fand four hundred and feventy-two Pounds, fhall not be iflued or applied to any Ufe or Purpofe, but as fhall be direfted by future Aft or Afts of Parliament; any thing in this, or in any former Aft or Afts of Parliament to the contrary notwithstanding. ' XII. And in regard it is intended that the faid Annuity or yearly Sum of thirty-nine thoufand ' four hundred and feventy-two Pounds, may be redeemed by fuch Payments as are herein after c mentioned, and that as the faid principal Money fliall be paid off, the faid Annuity fhall propor- at any Time or Times after the faid twenty-fifth Day of March one thoufand feven hundred and forty- of any Sums not fix, Payment be made to the faid Governor and Company of the Bank of England of any Sum or Sums '' fs. than on= of Money, not lefs than one Moiety of the faid Sum of nine hundred and eighty-fix thoufand eight p^^nc'i pal &c. hundred Pounds at one Time ; and alfo, if Payment be then likewife made of all Arrears of the faid the Aaniitty to Annuity, then from and after fuch Payment fo made, fo much of the faid Annuity, as fhall bear Pro- fink in Propor- portion to the Monies fo paid in Part of the faid whole principal Sum, fliall ceafe, determine, and be un- tion. derftood to be redeemed ; any Thing in this Aft, or any former Aft or Afts of Parliament to the con- trary notwithftanding. ' XIIL And whereas it is neceffary that the faid Governor and Company fhould be enabled to ferve ' the Publick in fuch Way and Manner as fhall be moil fafe and convenient for them ;' Be it therefore enafted by the Authority aforefaid, That it fhall and maybe lawful to and for the faid Governor and The Bank maj Company of the Bank of England, and their Succeflbrs, in cafe they fhall think fit, and not otherwife, further enlaige to admit and take in by Sale, Call, or Subfcription (or by fuch other Ways or Means as they fhall judge t,lelr 9S8'»J " proper) from fuch Perfon or Perfons, and upon fuch Terms and Conditions, and at fuch Times as XehciT* '° they fhall think proper, for enlarging their prefent Capital to any Sum, not exceeding the further Sum of nine hundred and eighty-fix thoufand eight hundred Pounds additional Stock (over and above what they are impowered to create by any former Aft or Afts of Parliament in that Behalf) and from time to time, in a General Court, to declare, order, and make the fame or any Part thereof (and from fuch Time or Times as fuch General Court fhall order and direft) to be added to the prefent Capital Stock of the faid Governor and Company ; and that then, and from thenceforth, fuch Monies fliall be deemed and taken, to all Intents and Purpofes, as and for Part of the Capital Stock of the faid Governor and Com- pany ; and the Capital Stock of the faid Governor and Company fliall be proportionably enlarged thereby ; Subfcribers;-&c, and that all and every the Perfon and Perfons, Natives or Foreigners, who fhall fubferibe, anfwer, or pay to the Loan, to in any Sum or Sums of Money, or for whom any Sum or Sums of Money fhall have been fubferibed, an- h ? deemed as fwered, or paid in as aforefaid, towards the making up the faid further Sum of nine hundred and eighty- f e t h e Company, fix thoufand eight hundred Pounds. Stock, or fuch Part thereof for which the faid Governor and Com- pany fhall take in Subfcriptions or make fuch Sale, Call, or other Demand as aforefaid, and who fliall have paid to the faid Governor and Company the Sum fo fubferibed, or outherwife demanded as afore^ faid ; and the Executors, Adminiftrators and Affigns of fuch Perfon and Perfons refpeftively, fhall be, and be deemed, and reputed to be Members of, and united to, and incorporated with the faid Governor and Company of the Bank of England, and fhall at all Times, together with the other Members of the faid Corporation and Body Politick, and their Succeflbrs refpeftively, be, and be adjudged, conftrued, reputed, accepted, and taken to be one Body Politick and Corporate, by the Name ot The Governor and Company of the Bank o/Tngland, fubjeft to the fame Rules, Orders, and Regulations, and infilled to the fame Privileges, Advantages, and Immunities, with the prefent Members of the faid Corporation ; and. that all Executors, Adminiftrators, Guardians, and Truftees, fhall be indemnified in making any fuch ' Payments
 * tionably fink and be abated ;' Be it therefore provided and enafted by the Authority aforefaid, That if Upon Payment