Page:Ruffhead - The Statutes at Large - vol 7.djvu/447

 A. D. 1752. Anno vicefimo qiilnto Georgii II. C. 27. 427 ' fixtecnth Year of his Majefty's Reign Cafter fatisfying tlie Annuity payable to the Eaji-India Company ' out of the faid Duties) for the Purch.ife of Annuities after the Rate of three Pounds /)fr Ctv;/';///?, tranf- ' ferrable at the Bank n't England, and redeemable by Parliament: And whereas by one other Aft of Par- ' liament made and paffed in the eighteenth Year of his Majefty's Reign (for granting to liis Majefty fe-iSG^oii. e.g. ' and a Lottery, in A'lanner therein mentioned, to be charged on the faid additional Duties) feveral Per- ' fons. Bodies Politick or Corporate, did advance and lend the Sum of two millions upon the Credit of ' the faid additional Duties, for the Purchafe of Annuities after the Rate of three Pounds per Centum, ' transferrable at the Bank of England, and rede.mable by Parliament ; and the faid additional Duties ' were alfo charged with the Payment of certain Annuities for Lives at the faid Receipt of Exchequer, in 'the Manner in the faid A&. directed : And whereas in purfuance of one other Act of Parliament made ' and pafl'ed in the twentj^-third Year of his Majefty's Reign (for granting to his Majefty the Sum of oneisGco. ?.. c. i.6, ' Fund, transferrable at the Bank of ir;7_f.Wf/j feveral Perfons, Bodies Politick or Corporate, did advance ' and lend the faid Sinn of one million upon the Credit of the faid Sinking Fund, for the Purchafe of An- ' nuities after the Rate of three Pounds per Caiium per Amium, transferrable at the Bank of England, aiid ' redeemable by Parliament : And whereas the faid feveral principal Sums before-mentioned, for which ' transferrable at the Bank as aforefaid, are payable, do amount in the whole to the Sum of eight millions ' two hundred thoufand Pounds ; and it is thought neceffarj', that the faid Principal Sum be (with the ' Confent of the Proprietors thereof, to be fignihed within the Time herein after-mentioned) converted ' into one Joint Stock of Annuities ; and that the Litereft or Annuities fliall be paid out of the Produce ' of the Sinking Fund, until Redemption thereof by Parliament, in Manner herein after-mentioned ; ajid ' that the feveral Duties and Revenues which were given and granted for Payment of the faid Annuities, ' and on which the fame were charged, fliall be carried into"luid made Part of the faid Sinking Fund:' Now we your Majefty's moft dutiful and loyal Subjects the Commons of Great Britain in Parliament af- fembled, being of Opinion that it will be of Advantage to the Publick, and alfo a great Convenience to the Proprietors of the faid Annuities, if the fame were confolidated into one Joint Stock of Annuities as aforefaid; and being defirous to provide for the punctual Payment of the faid Annuities, and to prevent any Deficiencies or Delay of Payment thereupon, do therefore moft humbly befeech your Majefty that it may be enacted ; and Be it enaiSted by the King's moft Excellent Mnjefty, by and with the Advice and Con- lent of the Lords Spiritual and Temporal, and Commons, in this prefent Parliament afi'embled, and by T'"^^'?'^^'^"" the Authority of the fam.e. That after the twenty-fourth Day oi' June one thoufand feven hundred and a°"^nti,',rto fifty-two, and before the fifth Day of 'January one thoufand feven hundred and hfty-thrce, the feveral SumsS.ico.ocol. and afore-mentioned, amounting to eight millions two htmdred thoufand Pounds, carrying an Litereft after the curying 3 1. per Rate of three Pounds per Centum per Annum, payable in purfuance of the before recited A.cts of Parlia- '-'^j "'^^.^ ment in that Behalf, fiiall (with the Confent aforefaid) be converted into one Joint Stock of Annuities, [ntoVnTl^Int' transferrable at the Bank of England, in the fame Manner and Form as the faid fe^-cral and refpcdtive An- stock of Annui- nuiti^-s are no.v transferred, until Redemption thereof by Parliament, in Manner herein after-mentioned ; ties, tronsfena- any thing in the faid recited Acts to the contrary thereof any v.'ife notwithltanding. = =t ^^- Bank, IL And be it enacted, That all and every Perfon and Perfons, Bodies Politick or Corporate, who Su'^tribers im- fhall fubfcribe or fignify their Confent to the making the'.r faid Annuities Part of the find Joint Stock P""'^,^'' '" of Annuities, as aforefaid, fliall be immediately intitied to thePriilege of tr.;ns:crring fucn Annuities' as Part of the faid Joint Stock, from the fiid twenty-fourth Day of 'June one thoufand kvsn. hundred and fifty two, as aforefaid. IIL And be it enacted by the Authority aforefaid. That all and every the faid feveral and refpeiStive '^'"^ '^""""''^^ Annuities transferrable at the Bank of England -as aforefaid, fiiall be paid unto the faid twenty-fourth^^ yj,'Ji^j"'j"?'° Day of yi«/£' one thoufand feven hundred and fifty-two, out of the fame Rates, Duties and Irapontions, out of the 'pirnds as tiie faid feveral and refpe£tive Annuities are now paid and payable', together with other Charges payable .inpro|-iijt«i ; out of the fame: But in cafe the Monies arifing into the Receipt of ilie Exchequer, fnail not be fuf- '■•"} if tney lie de- ficient to anfwer and pay the faid feveral and refpective Annuities and other Charges, at the TimiC^J^'^';'™'"'"^^" appointed for Payment thereof, that then and in fuch Cafe it fhall and may be lawful to and for the Com- '" '"° "" ' milfioners of the Treafury, or any three or m.ore of them now being, or the High Treafurer, or any three or more of the CommiHioners of the I'reafury for the Time being, to caufe fo much Money to be iiTued ■out of the faid Sinking Fund, as fhall be fiifticient to anfwer and pay the faid feveral and reipeiftive An- nuities as fhall become due and payable, until the faid twenty-fourth Day of June one thoufand [evt:a hundred and fifty-two, and all the faid other Charges attending the fame. IV. And te it further enadted by the Authority "aforefaid, 'ihatirom and after the faid twenty-fourih tTienccforth il;ey Day of y««^ one thoufand feven hundred and fifty-two, all the faid feveral and lefpective principal Sums ^"'^ '° ^•'^'^■■'•"S''<* transferrable at the Bank oi EngLnd as aforefaid, amounting in the Whole to the Sum of eight millionSp"|^j. " "^ two hundred thoufand Pounds, as alfo fuch Sum or Sums ot Money as fliall or maj' be made payable to the ' Governor and Company ot the Bank of England, for the Charges of Management, firall be, and are hereby charged and chargeableupon the faid Sinking Fund_, and Ihall be iii'ued and p.iid Half-yea. ly on the fifth Day and ro be niid fjf 'fanuary, and the fifth Day of 'July, in every Year, out of the Surplus Funds, and other Duties and f*^ ->=■""'.' i. Revenues compofing the laid Sinkmg i^und, and fhall be deemed and taken to be Charges and Licumbran- ces thereupon, until Kedcmption thereof by Parliament; fubject neverthcKfs to fuch Cliarges and Incum- brances as are already made thereupon by' Parliament : y d the Commifiioners of the Treafury, or anyf^"! Monfy tol>s three or more of them i.ow being, or the High I'reafurer or Commillioners of the Trealiirjr of his Adaje%, '■-"^'^ ^° ^« ' • ' I i i '2 ■ ■ " his '
 * vera! additional Duties upon all Wines imported, and for raifmg a certain Sum of Money by Annuities
 * million, to be raifed by Annuities at three Pounds ;)(?r Ceniiim per Annum, and charged on the Sinking
 * the laid feveral and refpective Annuities now carrying an Litereft of three Pounds per Centum per Annum,