Page:Ruffhead - The Statutes at Large - vol 7.djvu/153

 A. D. 1748* Anno vicefimo primo Georgii II, C 23, 109 CAP. XXIII. An ACz for granting to his Majefty the Sum of one million out of the Sinking Fund, for the Service of the Year one thoufand feven hundred and forty-eight ; and for applying a Sum of Money remaining in the Exchequer, arifen by the Rates and Duties on Houfes which deter- mined at Lady-day one thoufand feven hundred and forty-feven -, and for the further appro- priating the Supplies granted in this Seffion of Parhament; and for applying a certain Sum of Money for defraying the Charge of the Allowances for the Year one thoufand feven hundred and forty-eight, to feveral Officers and private Gentlemen of the two Troops of Horfe Guards, and three Regiments of Horfe lately reduced. Mo/i gracious Sovereign, WE your IVlajefty's moft dutiful and loya! Subjefts, the Commons of Gn'(?if Britain Parliament af- fembled, being defirous to raife the neceffary Supplies which v/e have cheerfully granted to your Ma- jefty in this Seffion of Parliament, for the Service of the Year one thoufand feven hundred and forty-eight, in the eafieft Manner v/e are able, for the Benefit of your Majefly's Subjefts, and alfo to ufe fuch Ways and Means therein, as that your Majefly may have the better and more fpeedy EfFefl: of the faid Supplies, have refolved to give and grant unto your Majefty the Sum of one million, out of the Surplufles, ExcefTes and Overplus Monies, commonly called The Sinking Fund: And to that t nd and Purpo e do moft humbly .befeech your Majefly that it may be enadled, and be it ena6lcd by the King's moll Excellent Majefty, by and with the Advice and Confent of the Lords Spiritual and Temporal, and Commons, in this prefent Parliament aflembled, and by the Autliority of the fame, That by or out of fuch Monies as now are, or One irill.'ois fha'l from time to time be and remain in the Receipt of the Exchequer, of the faid SurplufTes, Excefles or grant'ti aursf Overplus Monies, commonly called Tlje Sinking Fund (after paying or referving fufficient to pay all fuch ^"^Siriking Sum and Sums of Money as have been diretfled by any former Adf or Adls of Parliament to be paid out of ' "" ' the fame) there fliall and may be ifllicd and applied, a Sum not exceeding the faid Sum of one million, for and towards the Supply granted to his Majefty for the Service of the faid Year one thoufand feven hundred and forty-eiglit ; and, the Cornmiflioners of his Majefty's Treafury, or any three or more of them now be- ing, or the High Treafurer, or any three or more of the Cornmiflioners of the Treafury for the time being, are hereby authorized and impowercd to iflueand apply the fame accordinely- II. And be it further ena(fted by the Authority aforefaid. That all the Klonles which have arifen or fnali ApprojiibiVn arife into the Receipt of his Majefty's Exchequer, of the feveral Rates and Duties on Houfes, which deter- of ilic r.ionies mined at Lady-day one thoufand feven hundred and forty-feven, fliall be deemed and taken, and be applied f^^p'ft/" ^^^ as Part of the Fund for paying and difcharging the feveral Annuities and other Payments charged by an Aft Kouk-?.' ' "' _,of the laft Seffion of Parliament, on certain Rates and Duties on Houfes, Windows and Lights, granted • by the faid A61 ; and the Commiffioners of his Majefty's Treafury, or any three or more of them now be- ing, or the High Treafurer, or any three or more of the Commiffioners of the Treafury for the time be- ing, are hereby authorized and impowered to ifTue and apply the fame thereunto accordingly ; any thing in this or any former Ait to the contrary thereof in any wife notwithftanding. in. And it is hereby enaftcd by the Authority aforefaid, That in cafe the faid Commiffioners of his Ma- ciaufeof t-oan jefty's Treafury, or any three or more of them now being, or tlie High Treafurer, or any three or more of st 4I. (lei Ctar. the Commiffioners of the Treafury for the time being, fhall think it advifeable to raife the faid Sum of one million, or any Part thereof, by Loans or Exchequer Bills, in Manner herein after mentioned, that it fhall and may be lawful to and for any Perfon or Perfons, Natives or Foreigners, Bodies Politick or Corporate^ . to advance or lend to his iMajclly, at the Receipt of his Majefty's Exchequer, any Sum or Sums of Money not exceeding the faid Sum of one million, upon the Credit of the faid Surplufles, Excefles or Overplus Aionies, commonly called The Sin'king Fund; and to have and receive for the Forbearance of the Money lent, Intereft after a Rate not exceeding four Pounds per Centum per A^imim, fo as fuch Loans be allowed to be made by the faid Commiffioners of the 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, who are hereby authorized to iflue their Warrants for that Purpofe as faft as fuch Loans fliall be wanted for the publick Ser- vice; and moreover that no Money fo to be lent on the Security of this Act fliall be rated or aiTcfTed to any Tax or AdefTment whatfoever. IV. And be it further enacted. That all and every Perfon and Perfons who fiiall lend any Money upon Tallies am! the Credit of this A£l as aforefaid, and pay the fam.e into the Receipt of the Exchequer, fliall imimediately Oidei|fr,i Re- have a Tally of Loan ftruck for the fame, and an Order for his, her or their Repayment, bearing the fame P^y"™'* Date with his, her or their Tally, in or upon which Order fliall be alfo contained a Warrant for Payment of Intereft for the Forbearance thereof, not exceeding the faid Rate of four Pounds fer Centum per Annum, '" "'H' 4'- par and to be paid every three Months, until the Pvepayment of the Principal ; and all fuch Orders for Repay- '^"'' ^"'"'^'*- ment of Money fo to be lent fhall be regiftered in Courfe according to the Dates refpeflively ; and that all OrJeis to he and every Perfon and Perfons fhall be paid in Courfe, according as their Orders fliall ftand regiffred in the "^^fjl^p' .""J-^ ' faid Regifter Books,, fo as the Perfon or Perfons, Natives or Foreigners, his, her or their Executors, Ad- ^" '" ""•' °•• miniftrators or Afligns, vv-ho fliall have his, her or their Order or Orders flrft entered in the faid Books of Regifter, fhall be taken and accounted to be the firft Perfon or Perfons to be paid out of the faid Surplufles, Excefles or Overplus Monies; andhc, flic or they, who fhall have his, her or their Order or Orders next entered, fliall be taken and accounted to be the fecond Perfon to be paid, and fo fucceffively and in Courfe ; and that the Monies to come in, of or fox- the faid Surplufles, Excefl'?s or Overplus Monies, commonly called