Page:Ruffhead - The Statutes at Large - vol 9.djvu/56

6 Receipt of his Majesty's Exchequer, of or for the Surplusses, Excesses or Overplus Monies, commonly called the Sinking Fund (after paying or reserving sufficient to pay all such Sums of Money as have been directed by any former Act or Acts of Parliament, to be paid out of the same) ; and that the sums so issued out of the said Monies commonly called the Sinking Fund shall be, from time to time, replaced and made good out of the next Acts to be granted in Parliament, in such Manner as is herein after mentioned.

II. And be it further enacted by the Authority aforesaid, That it shall and may be lawful for person or persons, Natives or Foreigners, Bodies Politick or Corporate, who shall be possessed of, interested in, or intitled unto, any Bill or Bills, payable in Course out of his Majesty's Offices of the Navy or Victualling, or for Transports, or any Debenture or Debentures payable out of his Majesty's Office of Ordnance, which were respectively made out or dated in the said respective Offices, on or before the thirty-first Day of December one thousand seven hundred and sixty-two, to deliver such Bill or Bills, Debenture or Debentures, to the respective Treasurers of the said Offices, to be marked, cancelled and certified, in such Manner as herein after mentioned, at any Time on or before the twenty-fifth Day of March one thousand seven hundred and sixty-three, and at such Place or Places as shall have been appointed by Notice given in the London Gazette, and other publick Papers, for that Purpose.

III. Provided always, and be it further enacted by the Authority aforesaid, That the Interest which shall become due on the said twenty-fifth Day of March one thousand seven hundred and sixty-three, for and in respect of such of the said Navy, Victualling and Transport Bills as bear an Interest, shall be computed and marked upon the said Bills, at the Navy or Victualling Office respectively, before the same are delivered to the Treasurer of his Majesty's Navy; and the proper Officer and Officers of his Majesty's Navy Office, and Victualling Office respectively, is and are hereby authorised and required to compute and mark the Interest as aforesaid, upon every such Bill, which shall be tendered to him or them for that Purpose. IV. And be it further enacted by the Authority aforesaid, That it shall and may be lawful to and for the Treasurer of his Majesty's Navy for the Time being, to take in and receive from all and every Person or Persons, Natives or Foreigners, Bodies Politick or Corporate, who is, are or shall be possessed of, interested in, or intitled unto any such Navy, Victualling or Transport Bills, all the said Bills, which any such Person or Persons, Bodies Politick or Corporate, shall, on or before the said twenty-fifth Day of March one thousand seven hundred and sixty-three, deliver to such Treasurer ; and the said Treasurer, or his Paymaster and Cashier, is and are hereby authorised and required to mark and cancel every such Bill ; and certify the same, together with the Amount of the Interest which shall have been computed and marked as aforesaid upon such of the said Bills as bear an Interest, to the Governor and Company of the Bank of England; and that it also shall and may be lawful to and for the Treasurer of his Majesty's Office of Ordnance in like Manner to take in all such Debentures payable out of the said Office of Ordnance, which on or before the said twenty-fifth Day of March one thousand seven hundred and sixty-three shall be delivered to him ; and the said last mentioned Treasurer, or his Deputy, is hereby authorised and required to cancel the same, and certify every such Debenture to the said Governor and Company of the Bank of England. V. And be it further enacted by the Authority aforesaid, That all and every Person and Persons, Bodies Politick and Corporate, who shall deliver any such Bill or Bills, Debenture or Debentures to the respective Treasurers as aforesaid, shall for the Principal Sum or Sums contained in every Bill or Bills, and also for the Interest which shall have been computed and marked as aforesaid upon such of the said Bills as bear an Interest, and also for the Principal Sum or Sums contained in every such Debenture or Debentures, be respectively intitled to, and have an Annuity after the said Rate of four Pounds per Centum per Annum, to commence from the said twenty-fifth Day of March one thousand seven hundred and sixty-three, and to be paid and payable to such Person or Persons, Bodies Politick or Corporate, or such as he, she or they shall appoint, his, her or their Executors, Administrators, Successors or Assigns respectively, until the Redemption thereof by Parliament, in Manner herein after mentioned ; which said Annuity shall be payable half-yearly at two of the most usual Days of Payment in the Year (that is to say.) The twenty-ninth Day of September, and the twenty-fifth Day of March; the first Payment thereof to become due on the twenty-ninth Day of September one thousand seven hundred and sixty-three; and that all Persons and Corporations intitled to any such Annuity or Annuities aforesaid, and his, her and their Administrators, Successors and Assigns respectively, and all Persons and Corporations lawfully claiming under him, her or them, shall have good, sure, absolute, and indefeazable Estates and Interests in the said Annuities, according to the Tenor and true Meaning of this Act, and shall be possessed thereof as of a Personal Estate, which shall not be dependable to Heirs, nor liable to any Foreign Attachment by the Custom of London, or otherwise ; any Law, Custom or Usage to the contrary notwithstanding; and that all the said Annuities shall be free from all Taxes, Charges and Impositions whatsoever.

VI. And be it further enacted by the Authority aforesaid, That upon the delivering in of every such Navy, Victualling or Transport Bill, by any Person or Persons, Bodies Politick or Corporate, the Treasurer of his Majesty's Navy, or his Paymaster and Cashier, shall, and they are hereby authorised and required forthwith to give a Certificate signed by him or them, for the Principal Sum or Sums contained in every such Bill ; and also for the Interest which shall have been computed and and marked as aforesaid, to be due on the said twenty-fifth Day of March one thousand seven hundred and