Page:Ruffhead - The Statutes at Large - vol 8.djvu/447

 A. D. 1759 Anno tricefimo tertio Georgii II, C 7. 413

{{right sidenote|No part of these Duties are liable, during the Payment of any other Malt Duties, to any Charges of Collection or Management, or to be applied towards incouraging the Fisheries or Manufactures in Scotland; Exception. XVIII. Provided always, and be it further ena6led by the Authority aforefaid, That no Part of the Monies which shall arise by the Duties hereby granted, shall be subject or liable, during the Payment of any other Duties upon Malt, to defray any Part of the Charges or expences of Collection or Management, or at any Time whatdoever be applicable, diverted or divertable, towards charges of incouraging Filheries or Manufactures in Scotland, or to any Use or Purpose (except such Allowances and Repayments as are authorised to be made by virtue of this act, and the defraying the Charges and Expences of Collection and Management, when there shall not be any other Duties payable upon Malt) other than the Uses and purposes herein after mentioned; anything in this or Exception, any other Act contained to the contrary notwishstanding.

{{right sidenote|Separate Accounts to be kept of these Duties;}} XIX. And be it further enacted by the Authority aforesaid, That the several and respective Officers who shall be imployed in the assessing, raising, collecting, levying and recovering the Duties by this Act granted, shall from time to time distinguish in their Accounts the Amount of the Monies arising by such Duties, and shall pay the same into the Receipt of the Exchequer, distinctly and separately from all Monies to arise by any other Duties upon Malt; {{right sidenote|and of the Monies arising thereby into the Exchequer.}} and that in the Office of the Auditor of the Receipt of the Exchequer, a Book or Books which shall be provided and kept, in which all the Monies arising by virtue of this Act, and paid into the said Receipt, shall be entered separate and apart from all other Monies paid or payable to his Majesty, his Heirs and Successors, upon any Account whatsoever; and the said Monies so arising and paid into the said Receipt of Exchequer shall be the Fund established for the several Purposes herein after mentioned.

{{right sidenote|These Duties appropriated for the payment of the Annunities chargable on the Monies borrowed on the Credit of this Act.}} XX. And be it further enacted and declared by the Authority aforefaid, That the several Annuities which by this Act are herein after directed to attend as well the Principal Sum of eight millions, as the additional Capital which will arise by three Pounds to be given in and by a Lottery Ticket to each subscriber, for and upon every one hundred Pounds advanced and paid towards the said Sum of eight millions, shall be charged and chargeable upon, and payable out of the Rates, Duties and Impositions, composing the Fund hereby established for the Payment thereof; and the said Rates, Duties and Impofitions are; hereby appropriated for that Purpose accordingly.

XXI. And whereas the Commons of Great Britain in Parliament assembled have resolved. That towards raising the Supply granted to his Majesty in this present Sesson of Parliament, the Sum of eight millions be railed by transferrable Annuities after the Rate of four Pounds per Centum per Annum, for a certain Term; and that an additional Capital of three Pounds be added to everyone hundred Pounds advanced; which additional Capital shall consist of a Lottery Ticket of the Value of three Pounds, to be attended with like transferrable Annuities after the Rate of four Pounds per Centum per Annum, for a certain Term : And whereas pursuant to and upon the several Terms and Conditions expressed in the said Resolution, several Persons have, in Books opened at the Bank of England for that Purpode, subscribed together the Whole of the said Sum of eight millions, and made Deposits of fifteen Pounds per Centum on the respective Sums by them so subscribed with the Cashiers of the Bank of England: And whereas several of the said Subscribers may have already paid, or may hereafter pay unto the said Cashiers, the Whole, or some further Part or Parts of the Sums by them respectively subscribed, previous to the Days limited and appointed for the said respective Payments;' Be it therefore enacted by the Authority foresaid. {{right sidenote|Contributors who have made Deposits of 15l. per cent. of the sums subscribed by them, towards the Purchase of Annunities on the sum 8,000,000l. to be raised on the Credit of this Act, are to make their further Payments, viz. 10l. per Cent by 26 Feb, 10l. per Cent by 25 March, 10l. per cent by 29 April. 10l. per Cent. by 31 May, 10l. per Cent. by 3 July, 15l. per Cent. by 14 August, 10l. per Cent. by 16 Sept. and the remaining 10l. per Cent. by 29 October. That it shall and may be lawful to and for all such Subscribers who have made Deposits with, or Payments of any further Part or Parts to the said Cashiers as aforesaid, to advance and pay, and they are hereby required to advance and pay unto the Cashier or Cashiers of the said Governor and Company of the Bank of England, the several Remainders of the Sums by them respectively subscribed towards the laid sum or eight millions, at or before the respective Times or Days, and the Proportions herein after limited and appointed on that Behalf; that is to say. The further sum of ten Pounds per Centum, being Part of the Sum so remaining, on or before the twenty-sixth Day of February one thousand seven hundred and sixty; the further Sum of ten Pounds per Centum, fur- other Part thereof, on or before the twenty-fifth Day of March then next following; the further Sum of ten Pounds per Centum, other Part thereof, on or before the twenty-ninth Day of April then next following; the further Sum of ten Pounds per Centum, other Part thereof, on or before the thirty-first Day of May then next following; the further Sum of ten Pounds per Centum, other Part thereof, on or before the third Day of June; then next following; the further Sum of fifteen pounds per Centum, other Part thereof, on or before the fourteenth Day of August then next following; the further Sum of ten Pounds per Centum, other Part thereof, on or before the sixteenth Day of September then next following; and the remaining Sum of ten Pounds per Centum, on or before the twenty-ninth Day of October then next following.

{{right sidenote|Contributors paying in the Whole of the Subscription on or before 16 Sept. to be allowed Interest for the same, at the Rate of 3l. per Cent. per Ann. from the Time of such payment, to 20 Oct.}} XXII. And be it further enacted by the Authority aforesaid. That all such Subscribers or Contributors, their Executors, Administrators, Successors and Assigns, paying in the Whole of the Sums by them respectively subscribed, in respect to their proportionable Share of the said Sum of eight millions, on or before the sixteenth Day of September one thousand seven hundred and sixty, shall entitled to an Allowance of so much Money as the Interest of the several Sums so paid on or before the said sixteenth Day of September, after the Rate of three Pounds per Centum per Annum, shall amount to, from the Day on which such Payment shall have been actually made, to the twenty- ninth Day of October then next following; such Allowance to be paid by the said Cashier or Cashiers out of the Monies contributed towards the said Sum of eight millions, as soon as such re- {{continues|spective}}