Page:Ruffhead and Runnington - The Statutes at Large - vol 18 (14).djvu/628

588 C. 28. Anno quadragesimo primo Georgii III. A.D. 1800. Where Stock is transferred for the Redemption of Land Tax, which ought not to have been, the Commissioners for the Reduction of the National Debt may, on Certificate from the Commissioners for Taxes, retransfer the same, r»nd the Jirttu Commissioners may order Money, paid improperly to Receiver Generals for such Redemption, to be repaid to the Parties.

Temporal, and Commons, in this present Parliament assembled, and by the Authority of the same, That, where any Bodies Politick or Corporate, or Com panics, or other Person or Persons, have transferred, or may hereafter transfer, to the Commissioners for the Reduction of the National Debt, on account of the Redemption of Land Tax* any Consolidated or Reduced Three Pounds per Centum Bank Annuities, which

ought not to be transferred for that Purpose, then and in such Case, upon a Certificate signed by any three or more of the Commissioners for the Affairs of Taxes, that such Bank Annuities ought not to have been so transferred, it shall be lawful for the said Commissioners for the Reduction of the National Debt, or any one or more \ of them, and they or he are or is hereby required to re-transfer the said Bank Annuities unto the Bodies Politick or Corporate, or Companies, or other Person or Persons by whom the same were transferred to them; and wherever it shall appear to the Satisfaction of the said Commissioners for the Affairs of Taxes, that any Sum or Sums of Money shall have been paid to any Receiver General or his Deputy, on account of the Redemption of Land Tax, which ought not to have been so paid, then it shall be lawful for the said Commissioners for the Affairs of Taxes, or any three or more of them, to order and direct such Receiver General or his Deputy to repay all such Monies to the Bodies Politick or Corporate, or Companies, or other Person or Persons who shall appear to have paid the same, and the Receipt and Receipts of such Bodies Politick or:

Corporate, or Companies, and other Person or Persons, shall be sufficient Dicharges for such Bank Annuities so re-transferred, or Monies so repaid as aforesaid, and all such Dividends and Arrears of Dividend 1

shall be issued from the Receipt of the Exchequer, and be payable at the Bank of England, for and in re* 1

sped of the said Bank Annuities which shall be so re-transferred, by the Commissioners for the Reduction of the National Debt, to any Bodies Politick or Corporate, or Companies, or other Person or Persons as aforesaid, as would have been payable thereon, in case the same Bank Annuities had not been transferred to the lifud last mentioned Commissioners.

II. And whereas by an Act passed in the last Session of Parliament, intituled, An Act for exttniingjrm the twenty-fifth Day of March one thousand eight hundred, until the twenty-fifth Day of March om then- sand eight hundred and one, the Period of Preference^ granted and continued by federal Acts to Bodies Corporate and Persons, for the Redemption of Land Tax* and for enlarging everal of the Powers contained in s the said Acts, it is enabled, That when the Reversion of any Manors, Messuages, Lands, Tenements, or Hereditaments, holden by any Lease, which is subject to any Will or Settlement, shall be purchaW 4 by or with the proper Monies of the Person or Persons for the Time being beneficially entitled to the Rents or Profits thereof, the immediate Estates and Interests as well as the Reversion ex pedant thereon, shall be charged with, and made subject to, the Re payment of the principal Money to be advanced for the Purchase of such Reversion, with Interest for the same, as the Commissioners appointed by Letters Patent under the Great Seal fir all direct: Provided, That the Persons entitled successively to the Rents and Profits of such Manors, Messuages, Lands, Tenements, and Hereditaments respectively shall be nude chargeable with the Interest accrued during his or her Estate therein, and that no greater Arrear than for one Year shall be recoverable against any Person who shall become entitled in Remainder for Interest accrued during the Estate or Term of any Person or Persons entitled to any preceding Estate or Interest in the Premises Now be it enacted and declared, That the said last recited Provision shall extend to ftaU not extend Purchases, and Contracts for Purchases, made or entered into before the passing of the said last recited to Persons ad- Ad, as well as to those made and entered into after the passing thereof: Provided nevertheless That vancing Money f0 much of the said Provision, as makes the Person entitled to 'the Rents and Profits of such Manors, fhafhofPRever- Messuages, Lands, Tenements, and Hereditaments, chargeable with the Interest accrued during his or fions *° wlujVCr~ her Estate therein, shall not extend to the Case of any Person advancing Money for the Purchase of any shall not such Reversion, who shall not be liable to any Covenant, Engagement, or Condition to renew the Lease

be liable to re- at the accustomed Periods, with his or her own Monies, or with or out of the Rents and Profits of the new Leafes Estate, unless he or she shall consent thereto in Writing; and in case any such Person, not being liable awn Monies as a^ore^a^» now hath, or ^a^ hereafter become the Purchaser of such Reversion, and not signiqr fiach o.^out onlie* Consent, the said Reversion shall be chargeable with Interest, to accumulate from the Time of kh Rents of the Purchase till the Expiration of the existing Lease, after deduding out of such Interest the

Estate, unless

annual Rent (if any) which shall be payable during the Lease, and which shall have been purebaftd with iey consent the Reversion.

39 & 40 Geo. 3. c. 30. §10. re-0;ted; and the Proviso extended to Purchases made before the patting of that Act, and so much thereof as makes the Persons enti-tied to the Rents chargeable with the Interest accrued during their Estate therein

38 Geo. 3. c. 60. § in.

No Auction Duty shall be payable for any Part whatever of the Monies arising by Sale of Land;, dec. with the Con-lent of the Commissioners under the

III. And whereas, by the Act passed in the thirty-eighth Year of the Reign of his present Majesty for purchasing and redeeming the Land Tax, it was enacted, That the Manors, Messuages, Lands, Tenements, or Hereditaments, which should be sold by Auction according to the Provisions thereof, should be exempt from any Duty payable on Sales by Auction; but Doubts have been entertained, whether the said Duty ought not to be paid in respect of the Surplus Money arising by such Sales, where the Pro- duce exceeds the Sums required to be raised for the Purposes of the said Act:’ Now, for removing such Doubts, be it enacted and declared, That no Duty shall be payable in respect of any Part of the Monirs arising by Sale of any Manors, Messuages, Lands, Tenements, or Hereditaments, which already have been or shall hereafter be sold under the Powers or Provisions contained in any of the Acts relating to the Redemption and Purchase of Land Tax, with the Consent and Approbation of any of the Commissioners appointed by Warrant under the Royal Sign Manual, or by Letters Patent^ under the Great Seal of Great Britain the Purposes of such respective Acts.

several Acts for Redemption of the Lm4 Tax.