Page:The Statutes of the Realm Vol 7 (1695-1701).pdf/333

A.D.1697-8. 9° GUL. III. c. 3. 299 and making Oath before 10th June, 1698, not obliged, on claiming such Orders, &c. to concerning the which might be registred have accepted from the Person or Persons who should make the same the indorsing of his or their names onely upon such Orders Be it further enacted and provided by the Authority aforesaid That where any such Orders of Loan or Parte thereof or such Talleys were actually and bona fide purchased and bought before the said Tenth Day of June One thousand six hundred ninety seven and Oath thereof shall be 'made att any time or times upon or before the said Tenth Day of June One thousand six hundred ninety eight before any of the Officers or Persons appointed by the said former Act for administring the other Oaths concerning the Premium or Allowance who have hereby Power given to them in that behalfe in all such cases the Person or Persons claiming such Orders or Part of Orders or Talleys by such Assignemente not registred or by such take the Oath Indorsement shall not in respect thereof be obliged by virtue of this or the said former Act to take the said Premium, &c.; other Oath concerning the Premium Reward or Allowance and that in all and every case and cases where the respective Oath shall be duely made pursuant to this Act and within the respective time hereby limitted for or concerning such Orders or Parte of Orders or Talleys as aforesaid the Assignement or Transferrence thereof shall be as good and available in Law and Equity and shall be as effectual for the assigning & transferring the Right or Property of any such Order or Talley or any the Moneys thereby due or payable as if the respective Oath concerning in Law. JUL the same had been made within the respective times limitted by the said former Act Any thing therein contained to the contrary notwithstanding. and in such case the Assignment, &c. to be good 300 d interlined on the Roll. III. Recital that under herein mentioned the Exchequer Tallies had been so much multiplied so as to render Dispatch in Interest difficult, Payment of the and that many of AND whereas it hath been found necessary to accomodate all such Persons as lent any Moneys upon the Creditt of the Aide Taxes and Impositions given by Parliament with as many Orders and Talleys as they desired by which the Circumstances Means and the long Continuance of the late Warr the Orders and Talleys of Loan given out of the Exchequer are multiplied to so great a Number that the Officers of the Exchequer cannot without great difficulty dispatch the Payment of the Interest (which is payable every Three Months) to the satisfaction of the Lenders And whereas great Numbers of the said Orders of Loan are now come into the Hande of particular Persons or Bodies Politick who had rather have fewer Orders & Talleys as well for the ease of themselves as the said Officers and to promote the dispatch of the Publick businesse in the Receipt of Exchequer Be it enacted by the Authority aforesaid That the Holders were from and after the Tenth day of January One thousand six hundred ninety seven itt shall and may be lawfull to desirous of fewer and for the Officers of the Receipt of Excheq, att the Request of any Person or psons Bodies Politick or Corporate Orders. Officers of the who are or shall be lawfully entituled to such Orders and Talleys or any of them to take in and cancel so many Orders as follow successively in Number and Course and are of one and the same Date & are payable to one and the same Person or Corporation and whereof the Interest shall appeare to have been paid to [one'] and the same time together with the Tallies belonging to such Orders and to give them as few Orders and Talleys in lieu thereof of the same Value and in the same Course of Payment as shall be desired by such Persons or Bodies Politick respectively so as any one such new Order doe not containe in the whole more than Five thousand Pound upon which new Orders the Auditor of the Receipt of Exchequer shall cause Indorsement to be made how farr the Interest of the principal Sūms payable by such new Orders hath been satisfied and to whome last assigned which said Orders and Talleys so to be given out as aforesaid shall be good valid and effectual in the Law to all Intente and Purposes to the several Owners & Proprietors thereof And that the principal Moneys upon such new Orders & Talleys [or any part thereof'] shall be paid and payable in Course and the Interest thereupon every Three Months as fully and effectually as if the former Orders or Talleys respectively were not cancelled Any thing in this or any former Act or Acte of Parliament to the contrary notwithstanding. in and Exchequer empowered to take Orders and Tallies, and to give fewer and Tallies of the same Value, mentioned. No new Order to contain more than Indorsement thereon. New Orders to be as valid. 299 Digitized by Google Orders of Loan, &c. and neglected to have their Assignments registered, &c. Original from PENN STATE AND whereas by the Act before recited or mentioned itt was also enacted That the Moneys which from time to time should become due and payable by virtue of any Talley or Order subscribed into the Capitall Stock of the Governor and Company of the Bank of England by virtue of the said Act as soon as conveniently might be after the same should be received out of the Excheq, or any Publick Office by the said Governor and Company their Officers Servant and Agent and att farthest (¹) every Foure Months should be divided by the said Governour and Company among the Members of the whole Corporation ratably and in Proportion to their several and respective Part Shares and Interest in the said Capital Stock for the particular proper and onely Use and behoofe of the said Members seperately and in their private and personal Capacities as by the said Act relation being thereunto had may appeare And whereas since the enlarging the Capital Stock of the said Governor and Company of the Bank of England by Subscription of Talleys and Orders pursuant to the said Act the making Dividende of such Moneys att the end of every Foure Months is found to be very inconvenient and a great Interrupcon to the businesse of Transferrs Payment and other Occasions of Persons dealing with the said Bank Be it therefore enacted and declared by the Authority aforesaid That the [said'] Governour & Company of the Bank of England or their Successors shall not be obliged to make Dividende of the Moneys which from time to time shall become due or payable to and be received by the said Governour and Company by virtue of the Talleys and Orders which have been so subscribed into the Capital Stock of the said Governour and Company of the Bank of England pursuant to the said Act of Parliament once in every Foure Months But the said Governour and Company and their Successors are hereby required and enjoyned from and after the Five and twentieth Day of March which shall be in the Yeare of our Lord One thousand sixe hundred ninety eight to make such Dividende of the said Moneys once in every Months. Six Kalendary Months att the least unto the Members of the said Corporation according to their respective Shares and Interest in the said Capital Stock of the said Governour and Company Any thing in the aforesaid Act to the contrary notwithstanding. ad ltada osads ben Six Calendar once in O.dahinterlined on the Roll; omitted in King's Printer's Copy. Principal and Interest thereon tpaid. IV. Recital of 8&9 W. III. c.20. 48. and that the making Dividends at the of every Four Months was incon- venient. yoved ont you sal ald Bank to make Dividends every