Page:Ruffhead - The Statutes at Large - vol 6.djvu/712

 646 C. 6. Anno decimo nono Georgii II. A.D. 1746. The increafcd Capiral to be transferable ; Payments upon fuch Calls, Sales, Subfcriptions, or otherwife, as aforefaid ; any Law, Statute, or Pro- vifion to the contrary thereof in any wife notwithstanding. XIV. And it is hereby enadted by the Authority aforefaid, That the Capital Stock of the faid Gover- nor and Company of the Bank of England, fo increafed as aforefaid, fhall be aflignable and transferrable in the fame Manner as the original capital Stock of the faid Governor and Company was aflignable and free from Taxes transferrable before the making of this Act ; and, together with the Produce thereof, fhall be free from andhigherStamp all Taxes, Charges, and Impofitions whatsoever ; and the Transfers and Aflignments of Stock, or addi- Duties. tional Stock in the Books of the faid Company, fhall not hereafter be or be made liable to any higher or greater Stamp or other Duties, than are now payable for the Transfers or Aflignments of their prefent Stock, or any Part thereof; any thing in this Adt contained, or in any other Act or Ads of Parliament, to the contrary in any wife notwith (landing. XV. And be it further enacted by the Authority aforefaid, That the faid Governor and Company of the Bank of England, and their Succeflbrs fhall continue and be a Corporation, and fhall enjoy all the Capacities, Powers, Privileges, Immunities, and Advantages to them as a Corporation belonging, until the complete Redemption of the faid Annuity or yearly Sum ofthirty-nine thoufand four hundred and fe- venty-two Pounds, according to the before mentioned Provifoes in that Behalf, in as full and ample Man- ner, to all Intents and Purpofes whatfoever, as the fame are contained, fpecified, and expreffed in an fifteenth Year of his prefent Majefty's Reign, (intituled, An Ail The Bank to continue a Cor- poration, &c. till the Loan is redeemed. advancing Year 15 Geo. 1. ci}, Adt of Parliament paffed in the for ejlablijhing an Agreement with the Governor and Company of the Bank of England, for the Sum of one million fix hundred thoufand Pounds, towards the Supply for the Service^ of the thoufand J even hundred and forty-two) or in any other Aft or Adts or Parliament now in Force relating to the faid Corporation ; any former or other Statute to the contrary notwithftanding. XVI. And be it further enadted by the Authority aforefaid, That the faid Governor and Company of the Bank of England, and their Succeflbrs fhall, and they are by this Act enjoined and required to advance and pay into the Receipt of his Majefty's Exchequer, towards the Supply for the Service of the faid Year one thoufand feven hundred and fortyfix, any Sum or Sums of Money not exceeding in the whole the Sum of one million, upon the Credit of the feveral and refpedtive Rates, Duties, and Affeffments, granted to his Majefty by two feveral Acts of Parliament made and paffed in this prefent Seflion of Parliament, intituled, An Ail for granting an Aid to his Majefly by a Land Tax, to be raifed in Great Britain for the Ser- vice of the Tear one thoufand feven hundred und forty fix ; and alfo, An Ac! for continuing the Duties itpoit Malt, Mum, Cyder, and Perry, in that Part of Great Britain called England ; and for granting to his Ma~ to be paid as the j e Jb certain Duties upon Malt, Mum, Cyder and Perry, in that Part of Great Britain called Scotland for the Treafury ftall Service of the Tear one thoufand feven hundred and forty-ftx ; which faid Sum of one million, fo to be ad- TheBinkto lend a Sum not exceeding 1 mil lion, on the Land Tax and Malt A.& } 19 Geo.z*c, 3.. 19 Geo. z. c, 4, direift; fothat no more than 250,0001. at one Time be demanded, nor vanced by the faid Governor and Company of the Bank of England, fhall be paid into the faid Re- ceipt of Exchequer, at fuch Times, and in fuch Proportions, as the Commiflioners of the Treafury, or the High Treafurcr for the Time being, fhall think fit to direct and appoint in that Behalf, fo as the faid Governor and Company be not obliged to pay more than two hundred and fifty thoufand without 14 Days Pounds at any one Time or Times, nor without having fourteen Days Notice before each refpedtive Time Notice. of Payment. XVII. And be it further enacted by the Authority aforefaid, That upon Payment of the faid Sum of one million, or any Part thereof, into the faid Receipt of Exchequer, by the faid Governor and The Treafury to Company of the Bank of England, or their Succeflbrs, it fhall and may be lawful to and for the faid Corn- make out Eiche- miffioners of the Treafury, or any three or more of them now being, or the faid High Treafurer, or any quer Bills, fubjecr. to the Rules prefcribed in the recited Afls. The Bank may be lued for Nonpayment, per and l»l. Cent. Damages recoverable. three or more of the Commiflioners of the Treafury for the Time being, and they are hereby authorized and required forthwith to caufe Exchequer Bills to be made forth at the faid Receipt, in fuch Manner as they or he fhall think moll fafe and convenient, for the faid Sum of one million, to be advanced or lent as afore- faid, or any Part thereof, to be charged upon and payable out of the faid feveral and refpedtive Rates,. Duties, and Affeffments, granted by the faid two Acts of Parliament herein before recited, together with an Intereft, after the Rate of four Pounds per Cintum per Annum, until Repayment of the faid principal Sum of one million, in fuch Courfe, Manner, and Form, as are mentioned in the faid Acts; and the faid Exchequer Bills to be made forth as aforefaid, fhall be fubjedt to all fuch Orders, Rules, Methods Direc- tions, Powers, Penalties, and Forfeitures, as are prefcribed, enadted, and declared in the faid two laft re- cited Adts, or either of them, in relation to Exchequer Bills thereby authorized to be made forth ; any thing herein contained to the contrary thereof notwithftanding. XVIIL And be it further enacted by the Authority aforefaid, That in cafe the faid Governor and Com- pany of the Bank of England, and their Succeflbrs, fhall- make Failure in any of the faid Payments, fo fo by this Act appointedto be made into his Majefty's Exchequer as aforefaid, at or before the refpedtive Days or Times to be limited in that Behalf, the Money whereof fuch Failure in Payment fhall be made, fhall and may be recovered to his Majefty's Ufe by Action of Debt, or upon the Cafe,. Bill, Suit, or In- formation, in any of his Majefty's Courts of Record at TFtjlminfter, wherein no Effbin, Protection, Pri- vilege, or Wager of Law fhall be allowed, or more than one Imparlance, in which Action, Bill, Suit, or Information, it fliall be lawful to declare, that the faid Governor and Company of the Bank of England are indebted to his Majefly the Monies of which they fhall have, made Default in Payment, according to the Form of the Statute, and have not paid the fame, which fhall be fufRcient ; and in or upon fuch Action, Bill Suit or Information, there fhall be further recovered to his Majefty's Ufe againft the faid Go- vernor and Company of the Bank of England,, and their Succeffors, Damages after the Rate often Pounds per Centum, for the Monies fo unpaid contrary to this Act,, befides full. Coils- of Suit ; and the faid Go- vernor