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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
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.
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, 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 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
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
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
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