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jrany in which he served, was reduced; that no person shall have or receive any part of the same, except such persons who did actual service in some regiment, troop or company; that no person having any other place or employment of profit, .civil or military, under his Majesty, shall have or receive any part of the half-pay: that no chaplain of any garrison or regiment, who has any ecclesiastical benefice, or other preferment in Great Britain or Ireland^ mall have or receive any of the said half-pay; that no person shall have or receive any part of the same, who bath resigned his commission, and has had no commission since; that no part of the fame (hall be allowed to any persons, by virtue of any warrant or appointment, except to such persons who would have been otherwise entitled to the same, as reduced officers; and that no part of the fame shall be allowed to any of the officers of the five regiments of dragoons, and eight regiments of foot lately disbanded in Ireland, except to such as were lately taken off the establishment of half-pay in Great Britain.

The overplus, XXII. And whereas by an aft of parliament made in the tenth bow to be dis- year of his Majesty's reign, for continuing the duties on malt, mum, posed of. Cyjer anj perry ^ to raise money by way of a lottery for the service of .jo eo.i. ffje year one thcufaiid seven hundred twenty four, and for other purposes therein expressed, several supplies which had been granted to his Majesty, as is therein ?nentioned, were appropriated to several uses end purposes therein expressed, among which any sum or sums not exceeding the sum of seventy nine thousand pounds, upon account pf half-pay for the year one thousand seven hundred a?id twenty four, was appropriated to be paid to the reduced officers of his Majesty's land-forces and marines? subject nevertheless to such rules to be observed in the application of the said half-pay, as in and by the aforefaid aft were prescribed in that behalf: now it is hereby provided, enacted and declared by the authority aforesaid, That so much of the said sum of seventy nine thousand pounds, as is or shall be more than sufficient to satisfy the said reduced officers, according to the said rules by the aforesaid act prescribed to be observed in the application thereof, or any part of such pverplus, shall or may be disposed to such officers who were maimed or lost their limbs in the late wars, or to such others as by reason of their long service, or otherwise, his Majesty shall judge to be proper objects of charity, or to the widows or children of such officers, according to such warrant or warrants under his Majesty's royal sign manual, as shall be signed in , that behalf; any thing in this act, or the said former act, to the contrary notwithstanding.

Clause touching lost bills, tickets or orders, Sec. Further time given for payment of the duties on money given with apprentices. E P.

CAR

C A P. IX.

An a£l for continuing the several annuities of eighty eight thousand seven hundred fifty one pounds seven shillings and ten fence halfpenny^ and one hundred thousand pounds to the bank of England, until Midsummer one thousand seven hundred twenty seven; and from thence, for reducing the fame to seventy one thousand and one pounds two shillings and three pence three farthings, and eighty thousand pounds, redeemable by parliaments and for preventing the uttering of forged, counterfeited or erased bank-bills or notes.

Most gracious Sovereign,

WHEREAS by an aft of parliament, made and passed in the 7 Annac, c. 7. seventh year os the reign os her late majefiy ghieen Anne, [of blessed memory) intituled, An act for enlarging the capital stock of the bank of England; and for raising a further supply to her Majesty, for the service of the year one thousand seven hundred and nine; the governor and company of the bank os England were obliged, in the manner therein mentioned, to deliver up to be cancelled certain exchequer-bills, which had been made forth by a former ad of parliament in that behalf; which bills, zvith interest thereupon, w?re computed to amount to seventeen hundred seventy-jive thousand twenty seven pounds seventeen finllings and ten pena halfpenny -9 and to the end the said governor and company of the bank of England, and their successors, might have a competent recompence and consideration for Jo doing, and for all their demands r dating thereto, it was by the said acl of the seventh year of her said late Majesty $ reign enacled, that from and after the sea ft of Saint Michael the Archangel in the year of our Lord one thousand seven hundred and ten, the said governor and company of the bank of England, and their successors, j})ould have, receive and enjoy one annuity or yearly sum of one hundred and fix thousand and five hundred and one pounds thirteen shillings and five pence, out of such duties on houses as are therein mentio?ied: but it was thereby provided and enaded, That at any time, upon one year's notice to the said governor and company of the bank of England, or their successors, and upon full payment to them of the said ju?n of one million j even hundred seventy five thousand twenty seven pounds jevsnieen 'shillings and ten pence halfpenny ^ and of all arrears of the said annuity of one hundred and fix thousand five hundred and one pounds thirteen /hillings and five pence per annum, (if any should be then due) then, and not till then, the said annuity of one hundred and fix thousand five hundred and one pounds thirteen jlnllings and five pence per annum, should cease and determine \ and then also the said duties on houses jhould be understood to he redeemed by parliament, and fi)ould not be issued, paid or applied to any uje or purpose whatsoever, but by the authority of parliament: and whereas in an acl of parliament, made and passed in the third year of your Maj ess s reignt intituled* An act for redeeming se- jGeo. x. c.

veral

veral funds of the governor and company of the bank of England\ pursuant to former provisoes of redemption; and for securing to them several new funds and allowances redeemable by parliament \ and for obliging them to advance further sums not exceeding two millions five hundred thousand pounds, at five pounds per centum per annum, as shall be found necessary to be employed in lessening the national debts and incumbrances; and for continuing certain provisions formerly made for the expence of your Majesty's civil government; and for payment of annuities formerly purchased at the rate of five pounds per centum -9 and for other purposes in the said act mentioned, reciting, that the said governor and company os the bank A/'England, In regard the common rate of inter eft-mo?iey was very much lessened under your Majejlys most auspicious government, and that several os the funds of the said governor end company of the hank of England, in the [aid a51 mentioned, ivere redeemable at such times, and in such manner, as in the said ad are particularly set forth; and that they the said governor and company were willing and contented to accept one annuity of eighty eight thousand seven hundred fifty one pounds seven sellings and ten p nee halfpenny, being after the rate of five pounds per centum per annum, on the said principal sum of one million seven hundred seven* ty five thousand twenty /even pounds seventeen fillings and ten pence halfpenny , in lieu of their then present annuity or sum of one hundred and fix thousand five hundred and one pounds thirteen /hillings and five pence per annu m; and that the said governor and company were also willing and contented to discharge and deliver up to be cancelled^ as many of the exchequer-bills, formerly made forth, as amounted to two millions in principal money, and to accept an annuity or sum of one hundred thousands pounds per annum, being after the rate of five pounds per centum per annum, for the fame: it was in and by the said act of the third year of your Majesty's reign enatled^ That the [aid governor and company of the bank of England, and their successors, /hould have, receive and enjoy the said an?iuity or yearly fu?n of eighty eight thousand seven hundred fifty one pounds seven finllings and ten pence halfpenny, in rcfpefl of the said principal sum os one million seven hundred seventy five thousand tiuenty /even pounds seventeen finllings and ten pence halfpenny; zvhich annual or yearly sum of eighty eight thousand seven hundred fifty one pounds seven /hillings and ten pence halfpenny, was thereby charged upon, and made payable from time to time, out of all the monies arisen or to arise, at the receipt of your Majesty's exchequer, of or for the particular duties on houses therein mentioned, and of or for the said duties and revenues, commonly called the aggregate fund, and every or any of them^ and was to be paid to the said governor and company of the bank of England, and their successors for ever, from the feast of the nativity of Saint John Baptist one thousand /even hundred and eighteen, at the four most usual feasts or days of payment in the year, by even and equal portions; all ivhich payments were to be made in such manner and form, and with such preference as are in the said aft prescribed in that behalf: but It was thereby also provided and ena&ed, "that up&n one year's notice to be given at the said feast of the nativity of

Saint Saint John Baptist one thousand seven hundred and eighteen, of any quarterly feast-day asterand upon repayment by parliaments to the said governor and company of the bank os England, or their successor os the said sum os one million seven hundred seventy five thousand twenty seven pounds seventeen /hillings and ten pence halfpenny 9 and of all arrears of the said annuity of eighty eight thousand seven hundred fifty one pounds seven finllings and ten pence halfpenny per annum, (if any should be then due) then, and not till then, the said annuity of eighty eight thousand seven hundred fifty one pounds seven Jbillings aitd ten pence halfpenny per annum, should cease and determine; and in and by the said ail it was further provided and enacled^ That the said governor and compa?iy os the bank of England should? on or before the twenty fifth day of December one thousand seven hundred and seventeen, deliver up as many ex chequer-bilk formerly made forth (then being uncancelled and undischarged) as a?nounted to the sum of two millions in principal money, to such person or persons as the commissioners of his Majesty's treasury, or any three or more of them, or the high treasurer for the time being, should nominate, to be discharged, cancelled and made void; and that, from and after the feast of the birth of our Lord Chris one thousand seven hundred and seventeen, the said governor and company os the bank ^England,' and their successors for ever, should have, receive and enjoy one annuity or yearly sum of one hundred thousand pounds, being after the rate of five pounds per centum per annum, computed upon the said principal sum os two millions; which yearly sum of one hundred thousand pounds zvas thereby charged upon and made payable, from time to time, out of all the monies arising or to arise at the receipt of your Majesty s exchequer, as well of or for the said several duties, revenues and incomes, called the aggregate fund aforesaid, as of or for the said particular duties on houses, and zvas to be paid at such times, and in such manner and form, and with such preference as are in the said aft prescribed in that behalf: and it is by the said acl alfa enacled and provided, That at any time, upon one year's notice to be given at the feajl of the birth of our Lord Christ one thousand seven hundred and seventeen, or any quarterly seas-day after, and not before, and upon repayment by parliament to the said governor and company of the bank of England, or their successors, of the said sum of two millions, and of all arrearages of the said yearly sum os one hundred thousand pounds (if any should be due at the time of such payments )then, and not till then, the said annuity of one hundred thousand pounds per annum should cease and determine, as in and by the said a& it doth and may more fully and at large appear :■ and whereas, pursuant to the said acl, and the provisions therein contained, the said governor and company of the bank of England did? on or before the twenty fifth day of December one thousand seven hundred and seventeen , deliver up as many of the said exchequer-bills as amounted to the said sum of mo millions in principal money, and the fame were discharged, cancelled and made void; and they the said governor and company of the bank of England have, ever since the said feast of the birth of our Lord Christ one thousand seven hundred andseventeen, received and enjoyed the said annuity or yearly sum of one hundred 2 thousand 3 Geo. i. c.

thousand pounds, and are still entitled unto the same: and whereas in 5 Geo. x. c. 3. an& h one other aft of parliament made in the fifth year of your Ma'Jifif5 rtig>h intituled. An act for applying certain overplus monies, and further sums to be raised, as well by way of a lottery as by loans, towards paying off and cancelling exchequer-bills and for lessening the present great charge in relation to thole bills, and for circulating and exchanging for ready money the residue of the fame bills for the future, it is amongst divers other matters and things entitled and declared, That all the said particular duties on houses, and all the slid other rates, duties, revenues and ing> comes, "which by the said acl of the third year of your Majeflfs reign were settled for answering the refpeclive payments therein mentioned (and which are denominated to he the aggregate fund) and every of theffi ftould he continued, and be paid and payable to your Majefy, - your heirs and successors for ever, and that all the monies of the said duties, revenues arid intomes, which should or ought to be brought into the receipt of the exchequer, {except the necessary charges of raising, coilecling, levying, issuing, paying and accounting for the same) should be and are hereby appropriated, and should be issued and applied to and for the repayment andsatissaclion of several yearly .and other sums in the said atl particularly expressed, in the due course, and ivithsuch' preferences as are thereby appointed, amongfi which payments an express provision is made for payment of the said several and refpeclive annuities of eighty eight thousand seven hundred fifty one pounds Jeveti shillings and ten pence halfpenny, and one hundred thbufand pounds per annum; and it was thereby enabled, That the said several an^ nuities, and either of them, flmild severally and refpeclively be redeemable upon such payments, and in such manner and form as in and by the respective provisions contained in the recited acl of the third year of your Majeslys reign, are prescribed for the redeniption thereof: and whereas due notice zvas given by the right honourable Spencer Compton, esquire, speaker of the house os commons, to the said governor and compa?iy of the bank of England, for paying os the said principal sum of one million seven hundred seventy five thousand tiventy seven pounds seventeen shillings and ten pence halfpenny, and for redeeming the said annuity of eighty eight thousand seven hundred fifty one pounds seven snllings a?id ten. pence halfpenny, attending, thereon, at the feast of the nativity of Saint John Baptist which shall be in the year of our Lord one thousand seven hundred and twenty five, and pursuant to the said notice, the same is redeemable accordingly: and whereas the governor and company of the bank of Eng-. land have agreed and consented, That in cafe they may be permitted, to enjoy the said annuities of eighty eight thousand seven hundred fifty . one pounds seven shillings and ten pence halfpenny, and one hundred thousand pounds, until the feafi of the nativity of Saint John Baptist 'which shall be in the year of our Lord one thousand seven hundred Further pro<vi- and twenty seven; that from and aster the said feast-day not only sions relating fhe\r faid annuity of eighty eight thousand seven hundred fifty one1 tereto,i Geo. pounfa feven fallings and ten pence halfpenny, but also their annuity a. Itat. 2. c. , efone ^dred thousand pounds per annum, upon the refpeclivesumi 3 Geo, 2. c. 3. os one million seven hundredseventy five thousand twenty seven pwnds

seventeen

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