Page:Ruffhead - The Statutes at Large - vol 7.djvu/287

 A. D. 1750. Anno vicefimo tertio Georgii II. C. 22. 243 due and owing to the United Company of Merchants trading to the Eafl Indies, will be redeemed and paid olf in Manner and Form following, videlicet; one million and fifty thoufand Pounds, on the twenty- tiftJi 'Dd.Y o^ Alarch one thoufand feven hundred and fifty-one; one million and fifty thoufand Pounds, on the twenty-fourth Day of June one thoufand feven hundred and fifty-one ; one million aiiJ [iizy thoufand Pounds, on the tv.enty-ninth Day oi September one thoufand feven hundred and fifty -one ; and the remain- ing Sum of one million and fifty thoufand Pounds, on the twenty-fitth Day oi December one thoufand feven hundred and fifty-one, unlcfs the Sum of three million two hundred thoufand Pounds be fubfcribed on or before the thirtieth Day of May one thoufand feven hundred and fifty : And therefore your faithful Com- mons do moft humbly befeech your Majefty that it may be enafted ; and be it ena£led by the King's moft Excellent Majefty, by and with the Advice and Confent of the Lords Spiritual and Temporal, and Com- mgns, in this prefent P;irliament afiTembled, and by the Authority of the fame. That fuch Notices as afore- Noh'ccs given faid ihall be and be deemed, adjudged and taken to be good and fufHcient Notice or Notices, within the by the Speaker, true Intent and Meaning of the feveral Adl:s of Parliament for the Redemption of the faid feveral Annul- &<;. to be deem- ties, and the fame (hall be redeemable accordingly ; any thing in the fame, or any other A(St or A£ts of Par- "* £°'^''' liament to the contrary in .my wife notwithftanding. II. And be it enabled by the Authority aforefaid. That any Perfon or Perfons, Bodies Politick or Cor- ^j^^ p^p-^f^i.^ porate, who now are, or hereafter may be, intcrefted in, or intitled unto, any Part of the National Debt, fi.brcribi.igwiih- incurred before i^f/i:/;W«i7J one thoufand feven hundred and forty-nine, redeemable by Law, which now in the Time li- carries an Intereft of four Pounds />(?r Centum per Annum, as hath not been fubfcribed in purfuance of the nii'^J. t" be al- faid recited Act of this prefent Seffion of Parliament ; and who do, on or before the thirtieth Day of Alay eft"after"be"f"" one thoufand feven hundred and fifty, fubfcribe their Names, or fignify their Confent, to accept of an In- y^ral Rates '" tereft of three Pounds per Centum per Annum, to commence from the twenty-fifth Day of December one mcntioneda thoufand feven hundred and fifty-five, fubjecl to the fame Provifoes, Notices and Claufes of Redemption, which their refpettive four per Cents are now liable to, fhall, in lieu of their prefent Intereft, be intitled unto, and receive an Intereft (jf xonxVo^w^'i per Centum per Annum, until the twenty -fifth Day of Decem- ber one thoufand feven hundred and fifty, and after the faid twenty-fifth Day oi Dscejnber on<t thoufand fe- ven hundred and fifty, an Intereft of three Pounds ten Shillings per Centum per Annum, until the twenty- fifth Day oi December one thoufand feven hundred and fifty-five ; and that no Part of the fame fliall be lia- ble to be redeemed, till after the faid twenty-fifth Day of December one thoufand feven hundred and fifty- five. III. And be it ftirther enafled by the Authority aforefaid. That fuch Part of the National Debt, incur- Such Part ofiha red before Michaelmas one thoufand feven hundred and forty-nine, redeemable by Law, which now carries '^"'^ Annuidcs an Intereft at the Rate of four Pounds *fr Centum per Annimi, and which fhall not be fubfcribed before the ?'i"'l."j^ '"^. faid thirtieth Day oi May one thoufand feven hundred and fifty, fliall be redeemed and paid off. pai/olr'^ ' '° "* IV. And be it further enaded by the Authority aforefaid. That in cafe the Sum of three million two The Eafi inJia hundred thoufand Pounds, now due and owing to the United Company of Merchants trading to the £.7// Company not Indies, carrying an Jntereft after the Rate of four Pounds per Centimi per Annum, be not fubfcribed on or be- fubfciibing, to fore the faid thirtieth Day ofi^f^jyone thoufand feven hundred and fifty, upon the Terms herein before 'l'^ i""** °'^- ipentioned ; then, and in fuch Cafe, not only the faid Sum of three million two hundred thoufand Pounds, 'c"l'^9t^' ^' but alfo the Sum of one million, now due and owing to the faid United Company, at an Intereft after the '' ' ^' '^■iX.t oi ^XQe.Yoi-&% per CoUum per Anman, by virtue of an A£i: of Parliament pafied in the feventeenth Year of his Majefty's Reign, fhall be redeemed and paid oft". V. Provided neverthelefs, and be it further enaiTted by the Authority aforefaid. That in cafe the faid The Eaft India United Company fhall, on or before the faid thirtieth Day of yJ'/rty one thoufand feven hundred and fifty, ^°.'"P"">'i"'': fignify their Confent to the RcdutStion of the Intereft of four Pounds /i^r Centum per Annum, now payable J"^"'"e w'thm to the faid United Company, in refped of the l^xid Principal Sum of three million two hundred thoufand ed """^ '™"'° Pounds, to the feveral Rates of Intereft before mentioned, redeemable by Parliament, as aforefaid, and alfo . that the faid Sum of one million, due and owing to the faid United Company, at an Intereft after the Rate of three Pounds />tT Centum per Annum, by virtue of the faid Kok. of the feventeenth Year of his Majefty's Reign, lliall remain and continue at the faid Rate of three Founds per Coitum per Annum, until the fame fliall be redeerned and paid off^, according to the Provifo contained in. the faid Act of the feventeenth Year ' of his Majefty's Reign, in that Behalf; that then it flial! and may be lawful to and for the faid United Com- are Impoweied, pany, and they are hereby authorized and impowered, by and with the Confent and Approbation of the "'^li Confent of Commiffioners of his Majefty's Treafury, or any three or more of thein now being, or the High Treafurer, *'"^ Treafmy, or any three or more of the Commiffioners of the Treafury for the time being, at fuch Time or Times, 1", "^^ i and in fuch Manner, as they Ihall find to be moft for the Advantage of the faid United Company, to bor- tlie°cvcra° row, or take in by Subfcription or otherwife, from any Perfon or Perfons, Bodies Politick or Corporate, Rates of Interefl who are willing to advance the fame, any Sum or Sums of Money, not exceeding in the Whole the Sum gi="tcd by this of four million tv/o hundred thoufand Pounds, by Sale of Annuities, after the feveral Rates of Intereft ^^' ^'' following; that is to fay, any Sum or Sums, not exceeding three million two hundred thoufand Pounds, by Sale of Annuities, after the feveral Rates of Intereft herein before propofed be paid, for the faid Sum of three millon two hundred thoufmd Pounds, in cafe the fame fha'! be fubfcribed on or before the faid thir- tieth Day of Alay one thoufand feven hundred and fifty ; and any Sum or Sums, not exceeding one million more, by Sale of Annuities, after the Rate of three rounds per Centum per Annum ; all which faid Annui- ties fhall be paid and payable to the refpc •be paid at fuch Fcaft Days, as (hall be agreed upon between the faid United Conpany, and the faid feve- ral Contributors rcfpcdtively ; and that the faid Sum of four million two hundred thoufand Podnds, fo to I i 3 be