Page:Ruffhead - The Statutes at Large - vol 7.djvu/440

 420 C. 25. Anno vicefimo qulnto Georgii II. A. D. 1752. any Part thereof, {hall be difcharged and cancelled in the Manner :;nd Form by this A6t hereafter pro- vided. Tieaf'iry 'o IV. And be it further enacled by the Authority aforefliid, That the faid Cctntnifnoners of theTreafury^ niai;e on' Ex- ^j- 2,-|y three or more of them now being, or the Kigh Treafurer, or any three or more of the Commif- chequer Bills, fiojiers of the Treafury for the Time being fhall, and they are hereby authorized and impowered to prepare and make, or caufe to be prepared and made at the Exchequer, at once, or at fuch Times, and in fuch Proportions, and in fuch Method and Form as they or he fhall think mod: fafe and convenient, any Num- ber of new Exchequer Bills, containing one common Sum or different Sums in the principal Mr.nies, [o as fuch Bills do not exceed in the "Whole the faid principal Sum of one million four hundred ihoufand Pounds, to carry an In- V. And be it further enaded by the Authority aforcfaid. That the faid Bills to be made and prepared in teie«of3l. per purfuance of this Aci, fliall and may bear an Intertil not exceeding the_ faid Rate or Pramlum of three and ed purfuance of this Aci, fliall and may bear an Intertil not exceeding the faid Rate or Pra-mium of t VoMniii per Centum per Annum, and proportir.nably for any greater or lefs Sum to be contained therein. Cent. venues whatfoever, payable to his Majefty, his Heirs or Succeflbrs, during fuchTime and Times refpeclivcly- as fuch Bills fhall be or remain in the faid Receipt, or in fuch f-Jands orPowor as aforsfnid. B lis to be num- r^ p^r^iS. it is hereby enadtcd. That all the faid Bills fliall be numbered Arithmetically, beginning with bi-rcJ Aruhtce- ]v[-oj_ jj.^j ^-^ proceeding in an Arithmetical Progreffion, afcending, wherein the common Excefs cr Dif- '* ference fhall always be one, and fhall be regiftered accordingly, fo that the principal Sum to be contained in every fuch Bill may regularly be paid oft' and difcharged in Courfe, according to the Number of e-ery fuch Bill, as it fliall ftand in the faid Regifter ; and that the Interefl upon all and every the fame Bills fi'iall and the interEft be payable every three Months, according to the Purport and true Meaning of this A£f; and that upon to be paid ijuar- e^,eI-y fuch Bill there fhall be indorfed, printed or written, in V/ords at Length, or in Figures, the Sum, 'e'ly.' J^fl-e]- which the Principal to be contained therein, fhall be payable in fuch Courfe as aforefaid, according to the Purport and true Meaning of this Aft. The Bills to be VII. And it is hereby further enaded, That all the faid Bills fhall be prepared and made with fuch madewiti Cheques, Indents or Counterfoils, as fliall be direfted by the Commiffioners of the Treafury, or a: y three ' or more of them now being, or by the High Treafurer, or any three or more of the Commiffioners of the Treafury for the Time being; and that the Perfon or Perfons who fliall be appointed to pay off" the faid °°V^'t^^ha e ■'^''•'^ '^^ Courfe, fliall from Time to Time have the Ufe and Cuflody of one Part of all the Cheques, Indents &ne Part °^ Counterfoils of the faid Exchequer Bills, to be prepared and made by virtue of this Aft, from which the fame fhall have been cut, to prevent his or their being impofed upon by counterfeit or forged Bills ; and that the Undertakers orContraftors for exchanging and circulating the faid Bids, or fuch of them as fhall jndtl-.eCon- be current, fliall from Time to Time have the Ufe and Cuflody of one other Part of all the faid Cheques, trjftrrs the Indents or Counterfoils of the faid Exchequer Bills from which the fatne lliall have been cut ofr as afore- faid, in order to prevent their being impofed upon by any counterfeit or forged Bills ; and that all the faid Parts of the faid Cheques, Indents or Counterfoils, fhall be delivered back into the Exchequer, when the faid Bills to be made forth by virtue of this Aft fhall be paid ofF, cancelled and difcharged. ^'"^ '° ^^ „ . VIII. And it is hereby enafted. That the faid Commifiioners of the Treafury, or any three or more of the^rxc'hctiuer.'" ^^'^^"^ ""^^ being, or the faid High Treafurer, or any three or more of the Commiffioners of the Treafury for the Time being fhall, and they are hereby refpeftively authorized and impowered to caufe fuch Bills, as fhall be prepared by virtue of this Aft, to be placed as fo much Cafh in the refpeftive Offices of the Tellers of the faid Receipt of the Exchequer, each and every of which Tellers fhall be fe.erally chars:ed with the Proportion of the faid Bills which fliall be fo placed in his Office refpeftively ; any Law orUlage to the contrary notwitbiiandin?. o.rrency cfihe jx. And be it further enafted by the Authority aforefaid. That all the faid Bills to be ifilied as afore- ', ' faid, fliall be current in like Manner, and with fuch Privileges and Advantages, and fubjeft to fuch Rules and Direftions, as are prefcribed and enafted by an Aft' of this prefent Seffion of Parliament, (intituled, jffi ASi for continuing and granting to his Majejly certain Duties upon Malt, Mum, Cyder and Piny, for the Service of the Year one thoujand /even hundred and fftv-tvjo) for or concerning the Exchequer Bills thereby authorized to be made forth ; and that all and every the Claufes and Provifoes in the faid lall mentioned Aft, relating to the Currency, Exchanging or Receiving the fame lad mentioned Exchequer Bills, by any pub- lick Receivers of Aids, Taxes or Supplies, or in his Majefly's Receipt of the Exchequer, or for forging, coiipterfeiting or altering the fame Bills, or making out new Bills in the room of fuch as fhall be filled up with ladorfements, loif, burnt, defaced, or otherwife deffroyed, or for making out Exchequer Bills of five thoufand Poiuids each, or for making out Exchequer Bills without bearing Intereft, or for making them afterwards to bear an Intereft, or a higher or lower Rate of Intereft, from Time to Time, as the Con- tiaftors fhall agree to, or for preventing any Mifapplication of the Fund on which the fame arc charged, or any other Mifbehaviour of any Officers concerned in the receiving, ilfuirig, exchanging, paying ort or cancelling the fame laft-mentioned Exchequer Bills, or for obliging the Contraftors to pay the Intercit of, cr exchange for ready Money on demand, the Exchequer Bills thereby authorized to be ilVued at a Rate or Pramium not exceeding three Poimds per Centum per Annum, or for preventing any Difabilities in any fuch Contraftors, or for making them not liable to be Bankrupts on account of fuch Contrafts, or for appoint- ing a Paymafter or Paymaiters for paying oft" and cancelling the fame Exchequer Bills in due Courfe and Order (not otherwife' altered by this Aft} fliall extend, and be conlhued to extend, as well to ihc Exchc-