« PreviousContinue »
the?' to the yearly sum of twenty fix thousand and eighteen pounds two shillings and six pence,' and are payable by the cashier of the bank of England: and whereas by or in pursuance of sundry subsequent acls of parliament, for taking and fiating the accounts and debts of the army, several sanding orders have been or may be made-out for payment at your Majesty s exchequer, of sundry annuities, amounting together to the yearly sum os twenty one thousand nine hundred arid fifty seven pounds eleven shillings and eight pence farthing, being after the rate of four pounds per centum per annum, for or in refpecl ofseveral principal sums, amounting together to five hundred forty eight thousand nine hundred thirty nine pounds twelve shillings and fix pence farthing, contained in ar my-debentures, for debts certified since the twenty firs day of March one thousand seven hundred and net ecu -9 zvhich last mentioned annuities are also charged on the said general fund os seven hundred twenty sour thousa?id eight hundred forty ninepounds fix findings and ten pence and one fifth part of a penny per annum, and are made payable until the-redemption thereof by parliament, upon such notice or notices, as in or by the several acls of parliament relating thereto are for that purpose required; and where* as all the before-mentioned unsubscribed principal sums transferable at the bank of England, and the several principal sums contained in the said exchequer-orders, amount together to the principal sum of one million one hundred and ninety nine thousand three hundred and ninety two pounds fifteen shillings and two pence three farthings % and the several annuities attending thereon amount together to the yearly sum of forty seven thousand nine hundred seventy five pounds fourteen shillings and two pence farthing \ and whereas your Maj ess $ most dutiful and loyal subjects, the commons of Great Britain in parliament assembled, being determined that the said several before-mentioned annuities should be redeemed in order to lessen the publick debts and incumbrances, and the necessary charges relating thereto, as fast as may be consistent with justice and honour, did on the seventh Notice by the day os March one thousand seven hundred and twenty fix, order their speaker on speaker to signify in writing their several resolutions to redeem the y^^su^cientfor^ several annuities; therefore we your Majesty's most dutiful and redeeming loyal subjects, the commons of Great Britain in parliament as- these annulsembled, do most humbly beseech your Majesty, that it may be ties* enacted; and be it enacted by the King's most excellent majesty, by and with the advice and consent of the lords spiritual and temporal and commons, in this present parliament assembled, and by the authority of the fame, That such orders and significations as aforesaid, (hall be and be deemed, adjudged and taken to be good and sufficient notice or notices within the true intent and meaning of the several acts of parliament for the redemption of the said several annuities, and the fame shall be redeemable accordingly; any thing in the same, or any other act or acts of parliament to the contrary in any wife notwithstanding.
II. And be it further enacted by the authority aforesaid, From LadyThat by or out of such monies as are or mall be in the receipt day 1717, of exchequer, of the surplusses, excesses or overplus monies M^s^h commonly called the sinking fund, arisen or to arise at or from l5t 24*
B b 2 the
the paying off the feast of the annunciation of the blessed Virgin Mary in the
nidties1" ^ea-r °^ °Ur L°rcl °ne ^^nd ^even hundred and twenty seven (after payment of, or reserving sufficient to pay such monies as have been before directed by the authority of parliament to be paid out of the said surplusses-, excesses or overplus monies) there shall be issued, paid and applied at the said feast-day, and afterwards, from time to time, as the fame Ihall arise, at the end of every six months, on which the accounts thereof are directed by parliament to be made up, or oftner if the fame can be conveniently dene, any sum or sums of money not exceeding in the whole the sum of one million one hundred ninety nine thousand three hundred ninety two pounds fifteen shillings and two. pence three farthings, for or towards the paying off or discharging the said several principal sums so as aforesaid amounting together to the like sum of one million one hundred ninety nine thousand three hundred ninety two pounds fifteen (hillings and two pence three farthings, in such manner, order and degree as is herein after mentioned, that is to fay, the sum of one hundred ninety eight thousand nine hundred fifty eight pounds eight shillings and three pence, part thereof, for the redeeming and paying off the like principal sum remaining unsubscribed into the capital itock of the South-Sea company, of the joint stock .attended with annuities as aforesaid, for the before-mentioned tallies of So!) the sum of three hundred ninety three thousand one hundred ninety four pounds fourteen shillings and five pence halfpenny, other part thereof, for the redeeming and paying off the like principal sum remaining unsubscribed into the capital stock of the South-Sea company, of the joint stock attended with annuities as aforesaid, for the beforementioned army-debentures, certified before the one and twentieth day of March one thousand seven hundred and nineteen, the sum of fifty eight thousand three hundred pounds, other part thereof, for the redeeming and paying off the like principal sum, remaining unsubscribed into the capital stock of the South-Sea company, of the joint stock attended with annuities as aforesaid, for the said lottery, in the fifth year of his Majesty's reign; and the sum of five hundred forty eight thousand nine hundred thirty nine pounds twelve shillings and six pence farthing, residue thereof, for the redeeming and paying off the several principal sums contained in the standing orders made or t'o be made out at the exchequer, for army debentures, certified since the twenty first day of March one thousand seven hundred and nineteen.
. t HI. And 6e it further enacted by the authority aforesaid,
^sen-able at That such of the said principal sums as are transferrable at the the bank, to bank of England, shall be paid in intire payments, to the cashier be paid to the Qf the said bank, for the use of the several proprietors thereof, cashier in en- way 0f imprest, and upon account, to be by him paid over tire sums. as ^QQn after as conveniently may be, to the several persons intitled to receive the fame; and that such of the said principal sums as are contained in the said standing orders, made or to be
made made out at the exchequer* stiall be paid off in such numerical order, course and progression as the said several orders do or shall stand upon the register thereof, kept at the exchequer, be- dcwlTfhe"" ginning with No 1. and so on progressively, until all of them exchequer to shall be paid off and discharged, without any undue preference be paid in of any one of them before the other of them, in the like man- course, ner in all respects as is directed in an act of this present session of parliament, intituled, An aft for granting an aid to his Majesty by a land-tax, to be raised in Great Britain,the service os1^ Gco I,c* x" the year one thousand seven hundred and twenty severs for paying off and discharging the several orders of loa,n directed or authorized to be made forth by virtue or in pursuance of the fame act.
IV. Provided always, and be it enacted by the authority aforesaid, That in case the commissioners of his Majesty's trea- Treasury mayfury now or for the time being, or any three or more of them, postpone disor the lord high treasurer for the time being, shall judge it more caging exconvenient to redeem or pay off all or any of the before-men- ^Jf^s"blI]s» tioned joint flocks of annuities transferable at the bank of demption of England, preferably to the discharging and cancelling all or any the annuities, part of the exchequer-bills now standing out and charged on
the said sinking fund, then it shall and may be lawful for them, or any three of them^ from time to time, by and with the consent of the contractors for circulating and exchanging the fame exchequer-bills, and not otherwise, to postpone or defer the paying off, cancelling or discharging the same exchequer-bills, or any of them, until aster the redemption and payment of all or any of the said joint stocks of annuities, but no further; any thing herein before contained to the contrary notwithstanding..
V. And be further enacted by the authority aforesaid, That All annuities all such annuities as shall grow or become due or payable, for due till reor in respect of the several before-mentioned annuities, until the demption to redemption thereof by payment of the said principal monies, in. e pai * manner as aforesaid, and all arrears thereof (if any such (hall
be) shall be paid, together with the said respective principal sums, out of the respective funds, on which the fame are at present charge ed or chargeable; and that when and as any of the said several principal sums sthall from time to time be paid off, or money sufficient for that purpose stiall be reserved in the exchequer, or in the hands of the said cashier, payable on demand, the annuity attending the same (hall from thenceforth be, and is hereby declared tQ be redeemed, and (hall no longer be paid or payable, but (hall cease and determine for the benefit of the sinking fund,
VI. Provided always, and be it enacted by the authority Remainder of aforesaid, That all the monies which (hall arise of or for the the Sinking said surplusses, excesses and overplus monies (over and beyond Fund approwhat will satisfy 3nd pay the several monies before-mentioned, PTM.ate<i *or 2nd such other charges, as have been heretofore made thereon nation^dfbts by authority of parliament) stiall be appropriated, reserved and. incurred beapplied, to and for the further discharging the principal and in- fore 25 Dec9 jterest of such national debts and incumbrances, as were incur- l71^*
red before the twenty fifth day of December one thousand seven
B b 3 hundre4
hundred and sixteen, and are declared to be national debts* and; were provided for by act or acts of parliament, in such manner and form as (hall be directed by any future act or acts of parliament to be discharged therewith, or out of the same, and to and for none other use, intent or purpose whatsoever.
11 & 13 W. 3, VII. And whereas in and by an acl of parliament made and passed I2# ^ J5' in the tivelfth year of the reign of his late ?najesty King William the thud (of glorious memory) it was (amongst other things) provided and enacled, that in lieu and discharge of certain perpetual annual payments, and of all arrears thereof granted by his late majesty King Charles the Seconds by letters patent out of the hereditary revenue of excise, in satisfaction of certain principal sums mentioned in the said letters patents to be then due from his said late Majesty to the rejpeclive patentees therein named, the said hereditary revenue of excise should, from and after the tiuenty sixth day of December one thousand seven hundred and five, be ana1 stand charged and chargeable for ever zvith the payment of annual sums, after the rate of three pounds per centum per annum, for the pr'vacipal sums mentioned in the said letters patents to be issued and paid out of the said revenue by quarterly payments out of the receipt of the Exchequer, by the ofpeers of the fame, unto the respective oivners and proprietors of the 'said annual sums, and to their heirs and assigns for ever, without any fee or charge, the said annual payments after the rate of three pounds per centum per annum, to be fubjeel nevertheless to be redeemed upon payment of a moiety of the principal sums mentioned in the said letters patent; and whereas the whole of all the sums mentioned in the said letters patents and which are commonly called the bankers debt, did amount to one million three hundred and twenty eight thousand five hundred and tiuenty fix pounds, and the moiety thereof for which the said annual sums were redeemable, did amount to fix hundred fixty four thousand two hundred and sixty three pounds, and the said moieties zvere by the said acl of the third year of his. Geo T c Majesty's reign (for redeeming the duties and revenues which zvere
3 '' 'fettled to pay off principal and interest on the orders made forth on four lottery-acls) provided for to be subscribed into a joint stock of annuities at five pounds per centum per annum, redeemable by parliament, and transferable at the bank England; and whereas several of the said principal sums mentioned in the said letters patent, by length of time or other accidents, have been forgot or neglecled to be claimed by the proprietors thereof, and probably no title to them, or several of them, can or will be made out; and whereas there nozv 'remains in the exchequer the sum of ten thousand seven hundred and twenty five pounds five stillings and three pence farthing, zuhich has been reserved there for several years, to answer the annuities due on such unclaimed debts, from the said tiventy sixth day of December "one thousand seven hundred and five, to the tiventy ninth day of September one thousand seven hundred and seventeen, which in the mean) time, and until such titles can be made out, might be imployed towards the discharging the national debts incurred before the twenty fifth day, ^December one thousand seven hundred and sixteen, whereby there would be an annual saving of the interest thereof: be it therefore
enacted enacted by the authority aforesaid, That the said sum os ten 10,7251.5 s. thousand seven hundred twenty five pounds five shillings and l^Je^urithree pence farthing; now remaining in the exchequer, shall c]aimed debts, and may be issued and applied for, and as part of the fund com- to be applied monly called the Sinking Fund, towards the redemption and pay- for paying off orient of all or any of the joint stocks of annuities herein before the anrmities* directed to be discharged thereby; any thing in any former act or acts of parliament to the contrary notwithstanding.
VIII. Provided always, and be it enacted by the authority proV]Ylon for aforesaid, That in case at any time or times hereafter, any per- future claims son or persons shall make out a good title to any of the said un- on that debt* satisfied principal sums, to the satisfaction of the commissioners
of his Majesty's treasury now or for the time being, or the lord high treasurer for the time being, then or in any such case, and so often as the fame shall happen, it shall and may be lawful to and for the said commissiones of the treasury, now or for the time being, or any three of them, or the lord high treasurer for the time being, to compute the principal and interest that would have been payable thereon, in case the same had been claimed in due time, and to order and direct the same to be paid and discharged out of any of the monies arisen or to arise at the exchequer, of or for the several surplusses, excesses or overplus monies commonly called the Sinking Fund, so as the sum or sums of money so to be ordered and directed, do not exceed in the whole the said sum of ten thousand seven hundred twenty five pounds, five shillings and three pence farthing, herein before directed to be issued and applied as part of the sinking fund; any thing in this or any former or other act or acts of parliament to the contrary notwithstanding.
IX. And whereas, in pursuance of an acl of parliament passed in Lotterythe twelfth year of his Majesty's reign, intituled. An act for grant- tickets 1725. ing to his Majesty the sum of one million, to be raised by way returned in -of a lottery, eleven thousand and ninety three lottery-tickets were re- ^^t^^zi. turned into the exchequer, as andfor the sum of one hundred and ten for disclw°-th 01 sand nine hundred and thirty pounds, part of the supply grained ing standing' for the service of the year one thoujand seven hundred and twenty fix; orders for tha but afterwards upon the drawing of the said lottery, the said eleven ^f^and* thousand and ninety three tickets happened to he intitled in 'blanks, and Christophers^ benefits, computed altogether, only to the principal sum of one hundred i*Geo. 1. c.i. and three thousand two hundred and seventy two 'pounds and ten /hillings, as their fare or interest in the joint flock of three pounds per
centum annuities, created by the said acl, by means whereof there zvas a deficiency or loss of cast in the exchequer, on that head of service, of seven thousand fix hundred and fifty seven pounds ten shillings, which hath since been provided for, as part of the sum of one hundred and sixty thousand three hundred and fix pounds seventeen shillings and five pence farthing, granted in this present fesions of parliament, for the deficiency of grants for the service of the year one thousand seven hundred and twenty fix, be it therefore enacted by the authority aforesaid, That the teller of the exchequer, into whose office the said eleven thousand and ninety three tickets
B b 4 were>