Page images
PDF
EPUB

Maryis to say, thouft ufuales purchased then thereof on July then

Anno vicesimo GEORGII II. c. 3. (1747. fifth part thereof on or before the fourteenth day of July then next ensuing; and the remaining fifth part thereof on or before the twenty second day of September then next following: all which annuities, so to be purchased, shall be paid and payable at two of the most usual feasts or days of payment in the year; that is to say, the feasts of the annunciation of the blessed Virgin Mary, and of Saint Michael the Archangel, by even and equal portions, or within fix days after every of the said feast days; the first payment thereof to be due and payable at the feast day of the annunciation of the blesied Virgin Mary, which shall be

in the year of our Lord one thousand seven hundred and forty Annuities re- eight, or within six days after the said feast day : nevertheless, deemable. the said annuities shall be redeemable according to the purport

and true meaning of a proviso or condition herein after mentioned in that behalf, and not otherwise ; and the said cashier or

cathiers of the said governor and company of the bank of Engcanier of the land for the time being, is and are hereby authorized and rebank to give quired forth with to give receipts in writing, signed by himself receipts. or themselves, to such contributor or contributors, for all sums

of money by them deposited with, or paid unto such cashier or cashiers before the passing of this act; as also for fuch other sum or sums of money as shall hereafter be advanced and paid

to him or them by any such contributors or payers thereof as Receipts to be aforesaid (which receipts thall be assignable by endorsement thereallignable. upon made at any time before the twenty second day of Septem

ber, one thousand seven hundred and forty seven, and no longer ;) Cashier to give provided the faid cashier or cashiers do first give fecurity to the security. good liking of any three or more of the commiffioners of the 1

treasury now being, or of the high treasurer, or commissioners
of the treasury for the time being, for duly answering and pay-
ing into the receipt of his Majesty's exchequer, all the monies
which he or they have already received, or shall hereafter receive,
from time to time, of or for the said sum, not exceeding four
millions, as fast as he or they shall receive the same, or any part
thereof, and to account for all the monies so to be advanced and i
paid to him or them, in his Majesty's court of exchequer, ac-

cording to the due course thereof. Book to be XLVII. And it is hereby enacted, That in the office of the kept for en. accomptant general of the governor and company of the bank of tering contri- England for the time being, there shall be provided and kept a butors names,

book or books, in which there shall be fairly entered the names &c.

of all who shall be contributors for such annuities, after the rate of four pounds per centum per annum as aforesaid, and of all persons by whose hands the said contributors shall pay in any of the said sums upon this act, and also the suins so paid; and the Said accomptant general is hereby alfo authorized and required,

upon the full payment of the sum of four millions to the laid Contributors cashier or cashiers by fuch contributors as aforesaid, forthwith to be credited on

ed to place to the credit of every such contributor, in the same with an addi. Fiona cavital book or books as are herein before directed to be provided by of 101. for the said accomptant general, for entering the names of all such every 100 1.

con

[ocr errors][merged small][ocr errors][ocr errors]

contributors, and the sums by them paid for the purchase of the faid annuities, an additional capital of ten pounds, to be added to every sum of one hundred pounds, by them respectively advanced for the purposes aforesaid, and so in proportion for a greater or lesser fum ; which said additional capital shall be attended with annuities after the rate of four pounds per centum per annum, and to carry 41. Thall be charged upon, and paid out of the said rates, and duties per cent, in. by this act granted, at the same feast days, and in the same man- tereit. ner, as the annuities herein before made payable, in respect of the said principal sum of four millions, are to be paid and payable, and subject also to the same proviso of redemption by parliament herein after contained in that behalf; and it shail and Contributors may be lawful for the said respective contributors, their execu- to inspect the tors, administrators, successors, and assigns, from time to time, books gratis. and, at all seasonable times, to have resort to, and inspect the faid book or books without any fee or charge ; and the said accomptant general for the time being thall, on or before the twenty fourth day of June, one thousand seven hundred and Duplicate of forty nine, transmit an attested duplicate, fairly written on the book to be paper, of the said book or books, into the office of the auditor in the exche. of the receipt of his Majesty's exchequer, there to remain for? ever.

XLVIII. And it is hereby enacted by the authority aforesaid, Annuities en. That all and every contributor and contributors upon this act, sured to the duly paying the whole consideration or purchase-money, at the contributors, rate aforesaid, at or before the respective days and times in this act limited in that behalf, for such annuity or annuities as aforesaid, or such as he, the, or they shall appoint, his, her, or their respective executors, administrators, successors, and afsigns, shall have, receive, and enjoy, and be intitled by virtue of this act, to have, receive, and enjoy, the respective annuity and annuities so to be purchased, together with the annuity or annuities made payable by this act, in respect of the said additional capital as aforesaid, out of the monies by this act appropriated or appointed for payment thereof as aforesaid, and shall have good and sure estates and interests therein for ever, subject only to the proviso or condition of redemption in this act afterwards contained concerning the fame; and that all the several and respective annuities, payable in pursuance of this act, after the rate of four pounds per centum per annum, on all and every the principal fums for which the same are payable, shall free from be free from all taxes, charges, and impositions whatsoever. taxes. '

XLIX. And it is hereby provided and enacted by the autho- Monies paid rity aforesaid, That all and every person or persons who shall before the become interested in, or intitled to any annuity or annuities, times limited, part of the said sum of four millions subscribed for in pur- . suance of this act, who shall, before the passing of this act, have advanced or paid, or shall hereafter advance and pay to the said cashier or cashiers, che whole or any part of the remaining purchase-money, payable in respect thereof, before any of the respective days or times herein limited or appointed for payment

thereof,

[ocr errors]

C4

thereof, such person or persons shall be allowed interest after the to carry sl. rate of five pounds per centum per annum, for all and every such per cent. in- sum and sums of money as shall be so advanced and paid to such tereft, cathier or cashiers, by any such contributors as aforesaid, from

the respective time or times of their actual payment thereof, to Michaelmas, one thousand seven hundred and forty seven; and the commissioners of his Majesty's treasury, or any three or more of them now being, or the high treasurer, or any three or more of the commissioners of the treasury for the time being, are hereby authorized and required to cause the said interest to be paid upon such respective sums as shall be so advanced ac

accordingly, out of the monies to be contributed in pursuance On payment of this act; and in case any such person or persons shall comof the whole pleat the payment of the whole purchase-money, payable for purchase mo

mo- any such annuities, he, the, or they shall have such respective ney,

sums as they shall become interested in, or intitled unto, forth

with placed to the credit of the said contributors, and made the annuities transferrable in the books of the bank of England, by this act

strant- appointed to be kept for that purpose. ferrable. Contributors

L. Provided, That in case any such contributors as afore, not paying

said, who have already deposited with the said cashier or cashiers, within the one tenth part of his, her, or their purchase-money, or his, times linited, her, or their executors, administrators, successors, or assigns, do

not advance and pay to the said cashier or cashiers, one other tenth part of his, her, or their consideration-money, so to be paid for such respective annuity or annuities as aforesaid, on or before the seventeenth day of February, one thousand seven hundred and forty fix; and one fifth part thereof, on or before the seventeenth day of March, then next ensuing; and one other fifth part thereof on or before the nineteenth day of May, then next ensuing; and one other fifth part thereof, on or before the fourteenth day of July, then next ensuing; and the remaining

fifth part thereof on or before the twenty second day of September, to forfeit the then next following; then and in every such case respectively, so sum advanced. much of the consideration-money as shall have been actually

paid in part thereof only to the said cashier or cashiers for such respective annuity, shall be forfeited for the benefit of the publick; any thing in this act contained to the contrary notwithstanding.

LI. And for the more easy and sure payment of the several annuities by this act authorized to be purchased as aforesaid, amounting in the whole to the sum of four millions, as also of the several annuities payable in respect of the said additional capital, it is hereby further enacted by the authority aforesaid, That the said governor and company of the bank of England, and their successors, shall from time to time, until the faid feveral and respective annuities, after the rate of four pounds per

certum per annum, shall be redeemed according to this act, appoint Chief cashier and employ one or more sufficient person or perfons, within their and accomp- office in the city of London, to be their chief cashier or cashiers, tant general

bte and one other sufficient person, within the same office, to be their ed. accomptant general; and that so much of the monies, from time

. to

.

F

- to time arising into the said receipt of the exchequer, for the said

rates and duties by this act appropriated for this purpose as shall * be sufficient, from time to time, to answer the said several and e respective annuities, and other payments directed to be paid or

discharged out of the same, shall, by order of the commissioners
of the treasury, or any three or more of them now being, or the .
high treasurer, or commissioners of the treasury of his Majesty,
his heirs, or successors for the time being, without any further
or other warrant to be sued for, had, or obtained in that behalf,
from time to time, at the respective half-yearly feast days of
payment, in this act before appointed for payment thereof, be
issued and paid at the said receipt of exchequer, to the said first Monies for the
or chief cashier or cashiers of the said governor and company of annuities to

be issued from the bank of England, and their successors for the time being, the excha

by way of imprest, and upon account, for the payment of the quer, &c.: į said several and respective annuities to be purchased upon this

act, as of the annuities payable in respect of the said additional
capital as aforesaid, at such time, and in such manner and form,
as are by this act prescribed in that behalf; and that all and every Calhiers +
such cashier or cashiers, to whom the said monies shall from make pay-
time to time be issued, shall, from time to time, without delay, ap- ments.
ply and pay the same accordingly, and render his account thereof
according to the due course of the exchequer; any thing herein
contained to the contrary notwithstanding.
· LII. And it is hereby also enacted, That the said accomp-

Accomp Accomptant-
tant general for the time being, shall from time to time inspect general to in-
and examine all receipts and payments of the said cashier or lpect the ca-
cashiers, and the vouchers relating thereunto, in order to pre- Thiers receipts,
vent any fraud, negligence, or delay; and that all and every
person and persons whatsoever, who shall be intitled to any of Annuities to
the said several and respective annuities, after the rate of four be a personal
pounds per centum per annum, and all persons lawfully claiming estate, &c.
under them, shall be possessed thereof as of a personal estate,
and the same shall not be descendable to the heir, and shall not
be liable to any foreign attachment by the custom of London, or
otherwise; any law, statute, or custom to the contrary notwith-
standing.
· LIII. And be it further enacted by the authority aforesaid, The monies
That all the monies to be advanced or contributed, or to which contributed to
any person or persons shall become intitled to upon this act, for be a joint
or towards the said sum, not exceeding four millions, together lock, &c.
with the additional capital of ten pounds, herein before directed
to be added to every one hundred pounds advanced by such con-
tributors, shall be deemed, reputed, and taken to be one capital
or joint-stock, on which the said several and respective annuities,
after the rate of four pounds per centum per annum, shall be at
tending; and that all and every person and persons and corpo-
rations whatsoever, in proportion to the money by him, her, or
them advanced, or to which they shall become intitled, as afore-
faid, upon this act, shall have, and be deemed to have, a pro-
portional interest and share in the said stock, and in the annuity

attending

attending the same, at the rate aforesaid ; and that the said whole capital or joint stock, or any share or intereft therein, and the

proportional annuity attending the same, shall be assignable and transferrable. transferrable as this act directs, and not otherwise; and that

there shall constantly be kept, at all seasonable times, in the of

fice of the said accomptant general for the time being, within Book to be

the city of London, a book or books, wherein all assignments or kept for transfers of the said whole capital or joint stock, or any part transfers. thereof, and the proportional annuity attending the same, at the

rate aforesaid, shall be entered and registered; which entries

shall be conceived in proper words for that purpose, and shall be Entries to be figned by the parties making such assignments or transfers, or if figned by the

mies pant such parties be absent, by his, her, or their attorney or attorferring and nies thereunto lawfully authorized, in writing under his, her, · accepting. or their hands and seals, to be attested by two or more credible

witnesses; and that the person or persons to whom such transfer shall be made do under-write his, her, or their acceptance thereof; and that no other method of afsigning or transferring the said lock, and the annuities attending the same, or any part thereof, or any intereft therein, shall be good or available in

law.

Annuities de. LIV. Provided always, That any person or perfons pofseffed viseable, &c. of such stock, with the annuity or annuities attending the same,

or any estate or interest therein, may devise the same by will in writing, attested by two or more credible witnesses; but that

such devisee shall receive no payment thereupon, till so much of In default ot the said will, as relates to the said stock or annuity, be entered devise, &c. in the said office ; and in default of such transfer or devise, the to executors. faid stock, and annuities attending the fame, shall go to the ex

ecutors or administrators; and that no stamp duties whatsoever shall be charged on the said transfers or any of them; any other

law or statute to the contrary notwithstanding. . The bank to LV. Provided always, and it is hereby enacted by the au. continue a thority aforesaid, That the said governor and company of the company till, bank of England, and their successors (notwithstanding the reSedemption of demotion of all or any th the annuities.

edemption of all or any their own funds, in pursuance of the acts

for establishing the same, or any of them) shall continue a corporation, with all the powers, privileges, and advantages thereunto belonging, for the purposes in this act expressed, till all the annuities to be purchased on this act shall be redeemed by parliament, according to the proviso herein after contained in that behalf; and the said governor and company, or any members thereof, shall not incur any disability, for or by reason of

their doing any matter or thing in pursuance of this act. No fee for LVI. And it is hereby enacted by the authority aforesaid, payment of That no fee or gratuity whatsoever shall be demanded or taken contribution- of any of his Majesty's subjects for receiving or paying the said money... contribution-monies, or any of them, or for any tallies or other

Transfers to be gratis.

ing the said several annuities, or any of them; and that no fee or gratuity shall be demanded or taken for any transfer of any

[ocr errors]
« PreviousContinue »