Page:Ruffhead - The Statutes at Large - vol 7.djvu/333

 A. D. 1751. Anno vrcefimo quarto GEOkGii IL C. 4. 313 X. Provided always, and it is hereby enabled by the Authority aforefaid, That the faid Commiffioners Cl-argi-s of in.i- of the Treafury, or any three or more of them now being, or the faid High Treafurer, or any three or BWi! ^&c''t<I'be ' more of the Commiffioners of the Treafury for the Time being, fhall have Power, and they are hereby pjij'„yt;f,'htf enabled, to pay and allow, or caufe to be paid and allowed, out of the growing Produce of the faid S/W-^- Sinking Fund. ing Fufij, from Time to Time, the necefl'ary Charges of making forth the new Exchequer Bills hereby authorized to be made forth, and fuch other Charges as Tnall be necefiarily incident in or for the Execu- tion of this A£t, in relation to the faid Bills ; any Thing herein contained to the contrary notwith- ftanding. . XI. Provided alfo, and it is hereby further enabled by the Authority aforefaid. That it is the true Intent T'^s '^'''= and Meaning of this A£t:, that the Exchequer Bills hereby authorized to be made forth, not exceeding the J^,"'|.^'|^j"|J'"" Sum of one million thirteen thoufand one hundred forty-eight Pounds four Shillings and fix Pence, as p y^^d^"' '" aforefaid, fliall be, and they are hereby charged upon the faid Surpluffes, Exceffes or Overplus Moniesi, commonly called the Sinking Fund; and that the k.me. Exchequer Bills thall from Time to Time be paid off to the faid Governor and Company out of the firft Monies that Ihall from Time to Time arife into the faid Receipt of the Exchequer, of or for the faid Sinking Fund, and which fiiall be applied to the Pay- ment of the Principal of the National Debt, and not orherwife ; and the faid Commiffioners of the Trea- fury, or any three or more of them now being, or the faid High Treafurer, or any three or more of the Commiffioners of the Treafury for the Time being, fhall and may, and they are hereby authorized and enabled, to caufe fuch Monies which fhall from Time to Time arife at the faid Receipt of the Exchequer, «f or for the faid Sinkitig Fund {ex.zs>t fuch Monies of the faid Sinking Fund as are or fhall be appropriated to any particular Ufe or Ufes by any Aft or Afts of Parliament in that Behalf) to be ilTued from Time to Time to fu-ch Paymafter to be conftituted as aforefaid, by way of Impreft and upon Account, to be by him ap- plied towards the paying off and difcharging the Exchequer Bills hereby authorized to be made forth as aforefaid) or any Part thereof, in fuch Courfe as aforefaid, at fuch Times, and in fuch Proportions, as the faid Commiffioners of the Treafury, ©r any three or more of them, or the faid High Treafurer for the Time being, fhall judge to be moft for the Advantage of the Publick ; from which refpe£live Time or Times of paying off and difcharging the faid Exchequer Bills, or any Part thereof, by fuch Paymaller as. aforefaid, a proportronai Part cf the Intereft or Premium payable for fuch Exchequer Bills fo paid off or difcharged, at the Rate aforefaid, fhall ceafe and determine ; any Thing in this or any other A£t or Aits of Parliament to the contrary in any wife notwithftanding. ' XIL And whereas your Majeity's faid dutiful Commons did refolve, towards raifing the Supply "* fubfcribed by the Proprietors thereof, fo that the principal Sum now neceffary to be advanced by the faid ' thoufand eight hundred ninety-three Pounds eleven Shillings and feven Pence only ;' Be it therefore fun-Trcarurj' tocoti. <herenaded by the Authority aforefaid. That it fhall and may alfo be lawful to and for the Commiffioners of [hefsu"!^ rf"*^' his Majefly's Treafury, or any three or more of them now being, or the High Treafurer or any three or 176,8931. n j. more of the Commiffioners of the Treafury for the Time being, on his Majefty's Behalf, fo cohtfadt arid 7 d. by Enchei agree with any Perfon or Perfons, Bodies Politick or Corporate, to advance and pay into the faid Receipt quer Bills, of Exchequer, any further Sum or Sums of Money, not exceeding in the whole the faid Sum of one hundred feventy-fix thoufand eight hundred ninety-three Pounds eleven Shillings and feven Pence, for Ex- chequer Bills to be made forth at the faid Receipt, and iffued to them at fuch Time or Tirties as the faid Commiffioners of the Treafury, or any three or more of them now being, or the faid High Treafurer, or any three or more of the Commiffioners of the Treafury for the Time being, fhall think moft convenient: for the Advantage of the Publick ; which faid Exchequer Bills fhall be and are hereby alfo charged oh the faidSurplufl.es, Excefles, or Overplus Monies, commonly called the Sinking Fund, at an Intereft not ex- <^''»'g?'^!e <rt eeeding three Pounds per Centum per Annum, to be paid out of the faid Sinking Fund, and commence from 'j?"^^'" "^ the Time or refpeftive Times on which the faid Sum not exceeding one hiindred feventy-fix thoufand ' eight hundred ninety-three Pounds eleven Shillings and feven Pence, is or fhall be advanced into the faid Receipt ; and that the principal Sum contained in fuch Exchequer Bills fliall be repaid out of the faid Ex- ceffes or Surpluffes of the faid Sinking Fund that fnall be applied to the Payment of the Principal of the National Debt, in manner herein after- mentioned and direSed. XIII. And be it further enadled by the Authority aforefaid, That all and every fuch Perfon or Perfons, '» "f? In'"^ft Bodies Politick or Corporate, fliall hare and receive, and fhall fee intitled, by virtue of this A(£t, to h^^yefj' '^^clnuim, amd receive, an Intereft or Premium, after the Rate of three Pounds per Cenium per Annum, for the faid ^ ' principal Sum not exceeding one hundred feventy-fix thoufand eight hundred ninety-three Pounds eleven Shillings and feven Pence, fo to be advanced by them into the faid Receipt of Exchequer, td commence from the refpective Time or Times of advancing the fame as aforefaid ; which faid Intereft or Premium pay-ilik quar- fhall from Time to Time be paid to them by quarterly Payments, out of the Monies arifing at the faid^="i'' Receipt, of or for the faid Surpluffes, Exceffes or Overplus Monies of the feid Sinking Fund as aforefaid, until fuch Times as the faid Exchequer Bills lb to be iffued, or any Part thereol^, flmll be difcharged and cancelled in the Manner and Form by this A^ hereafter provided, Vol,. VII. S f ■ XIV. And
 * granted to your Majefty, to enable your Majefty to borrow a further Sum not exceeding two hundred
 * twenty-five thoufand twenty-three Pounds feven Shillings and eleven Pence, at an Intereft of three
 * Pounds per Centum per Annum, to be charged on the faid Sinking Fund : And whereas fmce the making
 * of the faid Refolution, the Sum of forty-eight thoufand one hundred twenty-nine Pounds fixteen Shil-
 * lings and four Pence, in Old and New South-Sea Annuities, is by this AQ: direded and allowed to be
 * GovernM" and Company of the Bank of England, will be reduced to the Sum of one hundred feventy-fix