Page:Ruffhead - The Statutes at Large - vol 8.djvu/565

 A. D. 1760. Anno primo Georgii III. C. 7. 531 XXII. And be itfurther enabled by the Authority aforefaid. That as foon as any Contributors, their Principal Sums to !>e Execiuors, Adminiftrators, Succeflbrs, or AiTigns, (hall have compleated their Payments of the whole pi-'ccd ro the Cr^jif v: Sum payable by them refpedlively towards the faid Sum of eleven millions four hundred thoufand '^° refpedive ConMibu- Pounds, the principal Sum or Sums fo by them fubfcribed and paid refpecllvely, fliall forthwith be, in the Books of the Bank of England, placed to the Credit of fuch refpective Contributors, their Ex- _, ecutors, Adminiftrators, Succeflbrs, and Affigns, compleating fuch Payments refpedtively ; and the ^j]-^,^.^'"'^ '^''' ^'^ Perfons to whofe Credit fuch principal Sums ihall be fo placed, their refpeftive Executors, Admi- " ° " ' niftrators, Succefibrs, or Affigns, fhall and may have Power to affign and transfer the fame, or any Part, Share, or Proportion thereof, to any other Perfon or Perfons, Body or Bodies Politick or Cor- ^j^^j ^^^.^ a.,,. :.:,^. r porate whatfoever, in the Books of the Bank of England -y and fuch Sums fhall carry an Annuity afrer 3I, pe- Cci;c. the Rate of three Founds per Centum per Annum., redeemable by Parliament, and (hall be taken and deemed to be Stock transferrable, acccording to the true Intent and Meaning of this AcSl:, until Re- demption thereof, in fuch Manner as is hereinafter-mentioned. XXIII. And be it further enadled by the Authority aforefaid. That the Accomptant General of Accoriptant Genera! n> the Bank o{ England ihzW, and he is hereby authorifed and required, upon the Payment of thirty Pounds S"'<^ '^"^'f '""' t!i» Scmj on or before the faid twenty-eighth Day of February one thoufand feven hundred and fixty-one, "•^'"'^^'"^'^^^'^'*'"^=^''^'^-' for every one hundred Pounds fo fubfcribed as aforefaid, towards the faid Sum of eleven millions four hundred thoufand Pounds, to give Credit, in Books to be provided for that Purpofe, to fuch refpective Contributors fo making fuch Payments, their Executors, Adminiftrators, Succeflbrs, and Affigns, for the faid Annuity, after the Rate of one Pound two Shillings and fix Pence, for every one him- dred Pounds fubfcribed, and whereof thirty Pounds fhall have been paid as aforefaid ; and all fuch which may be tunf- Annuities {hall and may from thenceforth be from Time to Time affigncd and transferred in Bo:!ks fcred. to be provided and kept for that Purpofe by the faid Accomptant General, fcparately and diftinclly from the other Annuities eftablifhed by this A61: ; and the faid Annuities, after the Rate of one Pound Annuities to coniiinue to two Shillings and fix Pence, fhall continue to be paid out of the Fund hereby eftablifhed for that Pur- b; ^vA for 99 Yeas. pofe for the certain Term of ninety-nine Years, to be computed from the faid fifth Day of ^January one thoufand feven hundred and fixty-one ; and at the Expiration of fuch Term fhall ceafe, and be extinguifhed. ^ . . ., XXIV. And it is hereby enaaed by the Authority aforefliid, l^hat if at any Time or Times it ^f/^'^^^^^J^j^'^S fliall happen, that the Produce of the faid Duties hereby granted for Payment of the faid feveral An- f.^u'd. nulties, fhall not be fufficient to pay and difcharge the feveral and rcfpeclive Annuities, and other Char- ges directed to be paid at the End of any or either of the refpe6live half-yearly Days of Payment, at which the fame are hereby directed to be paid ; then, and fo often, and in every fuch Cafe, fuch De- ficiency or Deficiencies fhall and may be fupplied out of any of the Monies which at any Time or Times fhall be or remain in the Receipt of the Exchequer of the Surplufles, Exceflbs, Overplus Monies, and other Revenues compofing the Fund commonly called The Sinking Fund, (except fuch Monies of the faid Sinking Fund as are appropriated to any particular Ufe or Ufes by any former hCc or A6ts of Parliament in that Behalf) and fuch Monies of the faid Sinking Fund fhall and may be, from Time to Time, iflued and applied accordingly ; and if at any Time or Times before any Monies of the faid Duties hereby granted Ihall be brought into the Exchequer as aforefaid, there fliall happen • to be a Want of Money for paying the feveral Annuities as aforefaid which fhall be adlually incurred and grown due at any of the hrdf-yearly Days of Payment before-mentioned, that then, and in every fuch cafe, the Money fo wanted fhall and may be fupplied out of the Monies of the Sinking Fund (except as before excepted ) and be ifiued accordingly. XXV. Provided always, and be it enabled by the Authority aforefaid. That whatever Monies T"!'erepli<-?Hou!;cf!i,c fhall be iflued out of the Sinking Fund, fliall, from Time to Time, be replaced by and out of the ^""-^ Sjrpiis?. firft Supplies to be then after granted in Parliament. XXVI. Provided always, and be it ena6ted by the Authority aforefaid. That in cafe there fliall be Surplus Moni-s ref.^rved any Surplus or Remainder of the Monies arifing by the faid Duties hereby granted, after the laid fe- p*" .?" DiipoJitiwi of veral and refpective Annuities and Charges, and all Arrears thereof, are fatisfied, or Money fuffici- '^ '•^'"^•'^^• ent fliall be referved for that Purpofe, fuch Overplus or Remainder fliall, from Time to Time, be referved for the Difpofition of Parliament, and fhall not be ifiued but by the Authority of Parliament, and as fhall be directed by future A£i: or A£ls of Parliament ; any I'hing in any former or other Acl or Aflsof Parliament to the contrary notwithftanding. XXVII. And, for eftablifhing a proper Method for drawing the faid Lotterv, be it further enaded Managers anJ Dir?a.;-s by the Authority aforefaid. That fuch Perfons as the Commiffioners of his Majefty's Treafury, ox "' ''T k°^T' 'r '"^ "'" any 1 hree or more or them now bemg, or the High 1 realurer, or any tnree or more or the Commillt- oners of the Treafury for the Time being, fliall nominate or appoint, fliall be Managers and Di- reilors for preparing and delivering out Tickets, and to overfee the Drawing of Lots, and to order, do, and perform, fuch other Matters and Things as are hereafter in and by this Aft diredted and ap- pointed by fuch Managers and Direftors to be done and perform.ed; and that fuch Managers or Di- redtors fliall meet together, from Time to Time, at fome publick Office or Place for the Execution of the Powers and Trufts in them repofed by this A&. ; and that the faid Managers anJ Dircflcrs, or v^'fti'-"-cr' th? Lottery fo many of them as fhall be prefent at any fuch Meeting, or the major Part of them, Ihall caufe Books ^°o'^ to be prepared, in which every Leaf fliall be divided or diftinguilhed into three Columns ; atid upon the innermoft of the faid three Columns there fhall be printed fixty thoufand Tickets, to be numbered I, II, III, and fo onwards in an arithmetical Progreffion, where the common Excefs is to be one, until they rife to and for the Number of fixty thoufand j and tiioon the tniddlc Culuinn in every of Y y y 2 the