Page:Ruffhead - The Statutes at Large - vol 7.djvu/635

 A. D. 1755. Anno vicefimo odavo Georgii IT. C. 22. 615 Ifo the Sum of twenty-eight thoufand two hundred and one Pounds nineteen Shillings and eight Pence, ^''•so' '• /9 •• remainina; in the Receipt of the Exchequer, of the Surplus of the Funds for the Lottery in the Year one ^,  v" the Lottery in the Year one i le laid Receipt as Part of thcjj,, ru'. f thoufandTeven hundred and fourteen, fliall and may be 'iflued and applied at the laid Receipt as Part of the[J^'j,^"y"j.^'y"to Supply granted to his Majefty for the Service of the Year one thoufand kven hundred and fifty- be idu;.,! in Aid live. , of'the Su|-plv. ' IIL And whereas by an Aft of the firFc Year of his Majefty's Reign, for granting an Aid to his Ma- i Geo. ^. .. 3, jefty by Sale of Annuities to the Bank of is;;_fA7W, at four i'ounds p-r d-ntuM per Jkhuhi, redeemable by Parliament, and charged on the Duties on Coals and Culm, and for other Purpofes therein mentioned, certain Duties upon Coals and Culm were charged with the Payment of an Annuity after the Rate of four Pounds per Centum per Annum, from the Feail of Saint John the Baptijr one thoufand feven hundred and twenty-eight, for and upon the Sum of one million feven hundred and fifty thoufand Pounds, contri- buted by the Governor and Company of the Bank, of England, in purfuance of the faid AiSl; in which Act it is provided. That in cafe_ there Ihall be any Siirplus or Remainder of the Monies arifmg by the faid Duties at the End of any one Y'ear, computing the I'ame to end at Chrl/lmas yearly, after the faid Annuity and all Arrears thereof are fatisfied, or Money referved for that Purpofe, fuch Surplus or Remainder fliall from Time to Time be referved for the Difpofition of Parliament : And whereas by an Act of the fecond; Geo. i. c, 3, Year o( his Majefty's Reign, for raifing one million two hundred and fifty thoufand Pounds by Sale of Annuities to the Bank oi England at four Pounds per Centum, redeemable by Parliament, and for other Purpofes therein mentioned, certain Surplus Monies of the Duties and Revenues on Soap, Paper, certain Linens, Silks, Callicoes and Stufts, and upon Star.^h, and exported Coals, and upon ftampt Vellum,. Parchment and Paper, which were granted by an A6t made in the twelfth Year of the Reign of her late 12 Ann. c 3. Majefty Queen Jnnc, were charged with the Payment of an Annuity after the Rate of four Pounds per Centum per Annum, from theFealt of Saint Jsbn the Bapti/c one thouiand feven hundred and twenty-nine, for and upon the Sum of one million two hundred and fifty thoufand Pounds, contributed by the Gover- nor and Company of the Bank of England, in purfuance of the faid ASt ; in which faid Aft it is provided^ That in cafe there fnall be any Surplus or Remainder of the Monies arifmg by the faid Duties at the End of any one Year, computing the fame to end at Chrljhnas yearly, after the faid Annuity,, and all Arrears thereof, are fatisfied, or Money referved for that Purpofe ; fuch Surplus or Remainder fliall from Time to Time be referved for the Difpofition of Parliament :' Now, to the end the faid feveralSurplu! of the Surplus or Overplus Monies maybe applied, Be it enadted by the Authority aforefai.d. That from and Duties on Coals, after the fifth Day of July one thoufand feven hundred and fifty-five, the Surplus or Overplus Monies oi'n°ns^.J''s-'a^'h the faid Duties on Coals and Culm, and alfo the Surplus or Overplus Monies of the Duties and Revenues coahexpo-'ted, "^ on Soap, Paper, Linens, Silks, Callicoes and Stuffs, and upon Starch and exported Coals, and upon fiampt Vellum, flampt Vellum, Parchment and Paper, which fhall from Time to Time be and remain in the Receipt of&e. his Majefty's Exchequer, at the End of any ufual Quarterly Day on which the faid Surplus or Over- plus Monies fhall arife, after fatisfying all Charges and Incumbrances thereupon, (hall be carried to,, to be carried t» and made Part of, the Fund comcnonly called The Sinkmg Fund; and fhall and may be iiTucd and applied.the sinhing in fuch Manner, and to fuch Ufcs and Purpofes, as other Rates, Duties, Revenues and Licomes, com- Fund, pofing the faid Fund, are or fhall be iflued and applied, and for no other Ufe, Litent or Purpofe what- soever. IV. And it is hereby enafted by the Authority aforefaid, That in cafe the faid Commiffioners of hiscLuife of Loan Majefty's Treafury, or any three or more of them now being, or the High Treafurer, or any three or more.tor raifmg of the CommilTioners of the Treafury for the Time being, ihall think ic advifeable to raile the faid Sum-'-^^o.o^'J^-^as of one million four hundred and twenty thoufand Pounds, 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 Majefty, at the Receipt of his Majefty's Exchequer, any Sum or Sums of Money, not exceeding the faid Sum of one million four hundred and twenty thoufand Pounds, upon the Credit of the faid Surplufles, Excefles and Overplus Mo- nies, or other Revenues compoung the Sinking f und ; anl to have and receive for the Forbearance of the Money lent, Intereft after a Rate not exceeding three Pounds per Centum per Annum, fo as fuch Loans be allowed to be made by ihe faid Commiffioners of the Treafury, or any three or more of them nov/ being,. or the High Treafurer, or any three or more of the Commiffioners of the Treafury for the Time beings who are hereby authorized to iffue their Vs' arrants for that Purpofe as faft as fuch Loans {hall be wanted for the publick Service ; and moreover, that no Money to be lent upon the Security of this KSl, fhall be rated or aflefled to any Tax or Afteflinent whatever. V. And be it further enafted, Thiit all and every Perfon or Perfons who fliall lend any Money upon theTalileyof r.oa.Ti Credit of this AiSt as aforefaid, and pay the fame into the Receipt of the Exchequer, fhall imm.ediatelyto beftrucfc. have a Tally of Loan ftruck for the fame, and an Order for his, her or their Repayment, bearing tlae fame Date with his, her or their Tally ; in or upon which Order ftiall be alfo contained a Warrant for Payment of Intereft for the Forbearance thereof, not exceeding the faid Rate of three Paunds per Centum per Annum,, and to be paid every three I' lonths, until the Repayment of the Principal ; and all fuck Orders for Repay- ment of Money fo to be lent, (hall he regiftered in courfe, according to the Dates refpeaively ; and that all and ever/ Perfon and Perfons fhall be paid in courfe, according as their Orders fhall ftand regiftered iiVThe Manntt 0^ the faid Regifter Books, fo as the Perfon or Perfons, Natives or Foreigners, his,, her or their Executors, Payment, Adminiftrators or AfTigns, who fliall have his, her or their Order or Orders firft entered in the faid Books of Regifter, fhall be taken and accounted to be the firft Perfon or Perfons to 'oe paid out of the faid Sur- plufles, Excefles or otker Revenues, and he, fhe or they, yho fliall have his, her or their Order or Orders. 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