from the day of granting the fame; but if a licence fhall be granted to two or more perfons, and any or either of them shall die before the expiration of the year, it thall continue until fuch expiration in favour of the furvivors or furvivor of the perfons licensed.

X. And whereas great part of the business of insurances against lefs by fire is tranfacted at offices kept by companies not incorporate, but confifting of a great number of partners; be it therefore enacted, Claufe relative That where fuch business of infuring is carried on by fuch comto companies panies not incorporate, or by a greater number of partners than not incorpo- four, the licence fo to be granted by the faid commiffioners of rated.

of infurance,

able to hi Majefty, and to give a receipt for the

fame.

ftamps, in manner aforefaid, fhall be granted to fuch two or more of any fuch company or partners, as and for the whole company or partnership, as fhall be named to the faid commiffioners under authority from fuch company or partnership; and in every such case, the licence fhall continue in force until the end of one year from the day of granting the fame, notwithstanding the deaths of all the perfons to whom fuch licence shall be granted, for the benefit of fuch company or partnership.

Office-keepXI. And be it further enacted, That all and every perfon ers, on grant- and perfons, and body and bodies politick or corporate, fo to ing a policy be licensed as aforefaid, who or which, from and after the faid are to receive twenty-fourth day of June, one thousand feven hundred and the duty pay- eighty-two, fhall grant any policy of infurance for infuring property from lofs by fire, or thall continue to infure on any policy, fhall, by themselves, or fuch other perfon or perfons as are, is, or fhall be employed by or under them, previously to the granting or continuing fuch policy of infurance, ask, demand, and receive, for the ufe of his Majefty, his heirs and fucceffors, of and from the perfon or perfons whose property fhall be fo infured, the fum of one thilling and fixpence for every fum of one hundred pounds for which fuch policy fhall be fo made or continued, and fo in proportion for any lefs fum; and fhall give a receipt for the duty fo paid, as and for one year's duty on fuch policy, from the day of the date thereof; and in default of receiving fuch year's duty, in manner aforefaid, fuch perfon or perfons, or body or bodies politick or corporate, fo granting fuch policy, thall be accountable to his Majefty, his heirs and fucceffors, for the faid year's duty, as if the fame had been actually received.

Perfons to be infured fhall pay the duty annually to the infurer,

XII. And, in order to regulate the payment of the yearly duty impofed by this at, during the continuance of the policies of infurance within this act which shall be granted after the faid twenty-fourth day of June, one thousand feven hundred and eighty two; be it further enacted, That the perfon or perfons who for the time being fhall be intitled to the benefit of any fuch policy, shall, at the end of the year, for which fuch policy fhall be granted, or within fifteen days thereafter, and fo at the end of every fublequent year, during the continuance of fuch policy, or within fifteen days thereafter, pay, or caufe to be paid, to the infurer or infurers in fuch policy, one year's duty, in respect of this act,

at

at the rate aforefaid; and fuch infurer or infurers fhall, on every fuch payment, give a printed or written receipt for the faid duty, to the perfon or perfons paying the fame; and in cafe of or lofe the any default of payment of fuch year's duty, within the time benefit of their policy. aforefaid, and before any lofs fhall be fuftained, the policy of infurance, in respect of which fuch duty fhall accrue, fhall, fo far as regards the infured, be void to all intents and purposes whatsoever.

act.

XIII. And, in respect to the payment of the aforefaid duties on fuch policies of infurance within this act as shall have been granted before the faid twenty-fourth day of June, one thousand feven bundred and eighty-two; be it further enacted, That the payment of How the duthe faid duty on every fuch policy fhall commence and be paid ties fhall be in manner following; (that is to fay), on every policy upon cies granted paid on poliwhich the premium has been paid for one year, or for one year before the and a fraction of a year, one year's duty fhall be paid on or with- commencein fifteen days after the day on which the next yearly payment ment of this of the premium fhall become payable, after the faid twentyfourth day of June, one thousand feven hundred and eightytwo, and at the fame time there fhall be paid a proportional part of the duty for fuch fractional part of a year, (not being lefs than the quarter of a year), as shall have elapfed from the faid twenty-fourth day of June, one thousand feven hundred and eighty-two; and on every policy, upon which the premium has been paid for more years than one year, the faid one year's duty, and alfo the faid proportional part of the duty for fuch fraction of a year as aforesaid, fhall be paid on or within fifteen days after the expiration of the year which, on the faid twentyfourth day of June, one thoufand feven hundred and eightytwo, fhall be current under fuch policy; and the faid duties fhall be afterwards payable yearly, during the continuance of fuch policies, in the fame manner as is herein-before provided in refpect to policies of infurance which fhall be granted after the faid twenty-fourth day of June, one thousand feven hundred and eighty-two; and the perfon or perfons, who shall for the time being be intitled to the benefit of any fuch policy as shall have been granted before the faid twenty-fourth day of June, one thousand seven hundred and eighty-two, thall accordingly pay or caufe to be paid the faid duty to the infurer or infurers in fuch policy, in manner herein-before mentioned; or in case of any default, fuch policy fhall be void, fo far as regards the infured, to all intents and purposes whatsoever.

proportional

XIV. Provided always, and be it further enacted, That in Policies for cafe of any policy of infurance for lefs time than a year, the in- less than a fured perfon or perfons fhall be liable to pay only fo much of year to pay the yearly duty of this act, as thall bear a proportion to the ly; fraction or part of the year for which fuch policy is or thall be given.

XV. Provided also, and be it further enacted, That in cafe as also thofe of any policy of infurance for one or more year or years, and for a year or part of a year, the infured perfon or perfons thall, fo far as re

years, and part of a

F 4

gards year.

How the duty hall be paid on new policies

gards fuch fraction or part of a year, only be liable to so much of the faid yearly duty as thall bear a proportion to fuch fraction or part of a year, if the infured perfon or perfons fhall, on the first payment of the faid duty, pay as well the proportion of the duty for such fraction or part of a year, as the whole of the first year's duty; except a fraction lefs than a penny, which fhall not be accounted for.

XVI. Provided alfo, and be it further enacted, That in cafe of taking out a new policy of infurance before the expiration of an old one, for the fake of infuring a greater or different fum, the fame proportionable abatement of the duty, which under this act piration of the hall accrue on the new policy, fhall be made, as the insurer or infurers fhall make in refpect of the premium of insurance.

taken out before the ex

old ones.

Claufe relative to infured perfons not refident in Great Britain

XVII. Provided alío, and be it further enacted, That in refpect to all policies of infurance which shall be fubfifting before the paffing of this act, if the infured perfon or perfons in any fuch policy fhall, at the time of the paffing of this act, not be in any part of Great Britain, all and every fuch perfon and perfons thall have one month, to be computed from his, her, or their return, for making the first payment of the duty which fhall become due from fuch perfon or perfons by virtue hereof; and in the mean time, and until the expiration of one month from the day of his, her, or their return, the policy and policies of all and every fuch perfons, notwithstanding any default of payment of the duty impofed by this act, fhall be in full force as if this act had not been made.

XVIII. And whereas in the cafe of infurances against loss by fire for Jeven years, or any number of years more than one year, the perJons whofe property is insured frequently pay, on taking out a policy of infurance, one entire fum as the premium for the whole term, infead of paying an annual premium; and in fuch cafes it may be convenient to pay the duty hereby imposed for the whole term of the policy When the in by one payment in the fame manner; be it therefore enacted, That furance mo it fhall be lawful for all and every body and bodies politick or ney, on tak. corporate, and perfon and perfons, being infurers against lofs ing out a po- by fire, within this act, to take by one payment the duty herelicy, is paid for several by impofed for the whole of the term for which the policy hath years, the in- been or fhall be granted, if the perfon or perfons whofe property furer may re-hall be infured fhall fo defire; and in confideration of fuch ceive the duty for the prompt and immediate payment of fo much of the said duty as fame term, by the terms of this act would not be payable till a future time, and in every such cafe, fuch infurer or infurers fhall have authority to make the fame proportional abatement of the duty as the faid infurer or infurers hath or have made, or thall make, in confideration of receiving the premium for the whole term of infurance by one payment.

&c.

XIX. And whereas it frequently happens that the property of pertens infuring for terms of years cease and determine before the expiration of the term for which the faid infurance was made, be it When the pro- cnocted, That where the property of a perfon, insured for a term of years, fhall terminate or ceafe before the expiration of

perty of the

intured thail

the

the term of which fuch infurance was made, that the commif- ceafe before fioners of the stamp-duties may, and they are hereby authorized the expiration of his policy, and impowered, upon proof made of the truth of the faid fact, the overplus" to allow and pay back to the perfon or perfons refpectively ap- money to be pointed to receive the faid tax as aforefaid, fo much of the faid returned. duty or tax as fhall appear to have been paid for the unexpired

term of the said insurance.

&c.

XX. And be it further enacted, That all and every body. A true acand bodies politick or corporate, or other perfon and perfons, count to be which or who, under this act, fhall obtain a licence for any infurance ofkept at each office of infurance, fhall, from time to time, keep a true and fice of the pofaithful account in writing, in which fhall be inferted the num- licies granted, ber of the policy, or inftrument of infurance, which, from and and to whom, after the faid twenty-fourth day of June, one thousand seven hundred and eighty-two, fhall be iffued or granted by fuch body. or bodies politick or corporate, or perfon or perfons, the name or names of the person or perfons infuring, with the place or places of his, her, or their abode, the fum infured, and the time for which the fame is infured; and alfo the day of the month, and the date of the year, in which fuch policy thall be iffued; which faid account fhall, at all times, be open for the inspection of any perfon or perfons duly authorized, under the hands and feals of the faid commiffioners for the ftamp-duties, or the major part of them, to infpect the same.

or five miles

XXI. And be it further enacted, That all and every body and Directions rebodies politick or corporate, and other perfon or perfons, who lative to perfons having or which shall have any licence under this act for an infurance licences for office within London or Westminster, or within five miles of either offices within of them, whether the licence of fuch body or bodies politick or London or corporate, or other person or perfons, fhall or shall not extend Westminster, to any office out of the aforefaid limits, fhall, on the twenty- of the fame. ninth day of September, one thousand seven hundred and eightytwo, or within two months after, deliver to the faid commiffioners of stamp-duties, or fome perfon or perfons authorized by them, at the head office, to receive the fame, a faithful and true account, in writing, of all fuch policies of insurance as aforefaid, which fhall have been iffued by fuch body or bodies politick or corporate, or perfon or perfons licensed to keep offices of insurance respectively, and fhall be, on the faid twenty-ninth day of September, one thousand feven hundred and eighty-two, outstanding, or be accountable for under this act, and fhall at the fame time pay all the monies which fhall have been received by them refpectively on account of the aforefaid duties, and before the faid twenty-ninth day of September; and from thenceforth fhall, fome time within two months after the twenty-fifth day of December, the twenty-fifth day of March, the twentyfourth day of June, and the twenty-ninth day of September, in every year, or at fuch other times after the expiration of the faid two months as may be appointed by the major part of the faid commillioners of the ftamp-duties, giving a previous publick notice of fourteen days or more, by advertisement in the London

Gazette,

Penalty on default.

Directions re. lative to perfons taking out licences for offices

more than five miles

London and

Westminster.

Gazette, deliver, or caufe to be delivered to the faid commiffioners, or to the perfon or perfons appointed by them for the purpose of receiving the fame, at the head office of the faid commiffioners, true copies of the account's herein-before directed to be kept by fuch licensed infurance office or offices, body or bodies politick or corporate, or such other licensed person or perfons, for the quarter which fhall be completed before fuch day of delivery, or notice, as the cafe fhall be; and at the fame time shall pay fuch fum and fums which fhall appear to be due on fuch accounts to the receiver-general for the time being of the duties on ftamped vellum, parchment, and paper, or to the proper officer for the time being for receiving the faid duties, for the ufe of his Majefty, his heirs and fucceffors, at the said head office, upon pain of forfeiting for every default in not delivering true copies of fuch account, the fum of five hundred pounds, and for every default in payment of the monies due on fuch accounts, double the amount of the money fo due and payable at the time of such default.

XXII. And be it further enacted, That all and every infurance office or offices, body and bodies politick or corporate, and other person and perfons, which or who fhall, under this act, obtain any licence for an office of infurance, not within London or Westminster, or within five miles of either of them, without having any office within the faid limits named in fuch licence, diftant from hall, on the twenty-ninth day of September, one thousand seven hundred and eighty-two, or within two months after, deliver to the head diftributor of stamped vellum, parchment, and paper, in and for the county in which fuch perfon or perfons, body or bodies politick or corporate, fo to be licensed, shall have their chief office of infurance, or to the perfon or perfons duly authorized and commiffioned, under the hands and feals of three of the faid commiffioners for ftamp-duties, to receive fuch accounts, and the money due thereon, a faithful and true account, in writing, of all fuch policies of infurance as aforefaid as fhall have been iffued by fuch licenfed perfon or perfons, or body or bodies politick or corporate, and fhall, on the faid twentyninth day of September, one thousand seven hundred and eightytwo, or within two months after, be outstanding, or be accountable for under this act; and fhall, at the fame time, pay all the monies which fhall have been received by them refpectively, on account of the aforefaid duties, before the faid twenty-ninth day of September; and from thenceforth fhall, fome time within two months after the twenty-fifth day of December, the twenty-fifth day of March, the twenty-fourth day of June, and the twentyninth day of September, in every year, or at fuch other times after the expiration of the faid two months as may be appointed by the head diftributor, or the perfon or perfons fo to be authorized to receive the faid duties, giving a previous notice of fourteen days, or more, by advertisement in the London Gazette, or in the newspaper, if any fuch there be, published in and for the county where fuch head diftributor refides, deliver, or caufe

to,