and be made on or before the First Day of January and First Day of July in each fucceeding Year. Management. IV. And be it further enacted, That over and befides the faid Company to pay feveral Sums of Ninety thoufand Pounds, and Fifty five thousand for Charges of four hundred and ten Pounds, and Forty two thousand Pounds and Fifty five thousand four hundred and ten Pounds hereinbefore mentioned, the faid United Company fhall pay into the Hands of the faid Governor and Company of the Bank of England, by Half-yearly Payments, fuch Sum and Sums of Money as purfuant to an Act of Parliament made and paffed in the Forty eighth Year of the Reign 48 G. 3. c. 4. of His prefent Majefty, intituled An Act to authorize the advancing for the Public Service, upon certain Conditions, a Proportion of the Balance remaining in the Bank of England, for Payment of Unclaimed Dividends, Annuities and Lottery Prizes, and for regulating the Allowances to be paid for the Management of the National Debt, fhall be payable in refpect of the Charges of Management of the faid Two feveral Sums of Three millions Reduced Three Pounds per Centum Annuities, and One million four hundred thousand Pounds Confolidated Three Pounds per Centum Annuities, or fo much thereof refpectively as from time to time fhall remain unredeemed. V. And be it further enacted, That the faid feveral Sums payable Application of for Intereft, Sinking Fund and Charges of Management on the faid Sums directed. Sum of Three millions Reduced Three Pounds per Centum Annuities, and One million four hundred thousand Confolidated Three Pounds per Centum Annuities, when paid into the Bank as herein mentioned, fhall be carried to the Account of the Right Honourable the Lords Commiffioners of His Majefty's Treasury, on account of the Intereft, Sinking Fund and Charges of Management on the Loan raifed for the Service of the Eaft India Company. charged on Con VI. And be it further enacted, That in cafe Default shall at any In cafe of Detime be made by the faid United Company in any of the Payments fault of Payment herein before mentioned, to the faid Governor and Company of the by Company, Bank of England, at the feveral times hereinbefore limited for that folidated Fund. Purpose, then and in every such case fo much Money from time to time fhall be fet apart and ifflued at the Receipt of the Exchequer in England, out of any Monies on account of the Confolidated Fund of Great Britain, to the Cashier or Cashiers of the faid Governor and Company of the Bank of England, as fhall be fufficient, to fatisfy and pay the Annuities created in refpect of the faid Three millions Reduced Three Pounds per Centum Annuities, and One million four hundred thoufand Pounds Confolidated Bank Annuities, together with the Sinking Fund and Charges hereinbefore provided in refpect thereof, and in Payment of which the faid United Company shall have made Default. VII. Provided always, and be it further enacted, That it fhall and may be lawful to and for the faid United Company, if they fhall fee fit, at any time and from time to time, to pay into the Hands of the faid Governor and Company of the Bank of England any further Sum or Sums of Money beyond the faid Two feveral annual Sums of Fifty five thousand four hundred and ten Pounds and Fifty five thousand four hundred and ten Pounds, on account of the Sinking Fund, for the Redemption of the faid Two Capital Sums of Three millions Reduced Three Pounds per Centum Annuities and One mil 3D 4 lion Company alfurther Sum on lowed to pay a account of Sinking Fund.. Application of 32 G. 3. c. 55. Separate Ac count of Sums paid owards Sinking Fund kept. lion four hundred thousand Pounds Confolidated Three Pounds per Centum Annuities. VIII. And be it further enacted, That the faid Sums of Ninety thoufand Pounds and Forty two thousand Pounds hereinbefore provided to be paid by the faid United Company to the faid Governor and Company of the Bank of England, fhall be applied by them in Payment of the faid Annuities, in refpect of the faid Principal Sums of Three millions and One million four hundred thousand Pounds, as the fame fhall become due, and that the said Two several Sums of Fifty five thousand four hundred and ten Pounds, and Fifty five thou fand four hundred and ten Pounds, and fuch other Sum and Sums of Money as fhall from time to time be paid to the faid Governor and Company of the Bank of England, or their Cafhier, on account of the Sinking Fund, for the Redemption of the faid feveral Capital Sums of Three millions Reduced Three Pounds per Centum Annuities and One million four hundred thousand Pounds Confolidated Three Pounds per Centum Annuities, fhall be by the said Governor and Company of the Bank of England placed to the Account of the Commiffioners for the Reduction of the National Debt, inftead of the Sums which would have been iffued and placed to the Account of the said Commiffioners in respect of the faid Capital Stock of Three millions Reduced Annuities, and One million four hundred thousand Pounds Confolidated Annuities, under the Act paffed in the Thirty fecond Year of His present Majesty's Reign, intituled An A& to render more effectual an Aa made in the Twenty fixth Year of His prefent Majefty's Reign, intituled An Ad for vefling certain Sums in Commiffioners at the End of every Quarter of a Year, to be by them applied to the Reduction of the National Debt, and to direct the Application of an additional Sum to the Reduction of the faid Debt, in cafe of future Loans; and the faid Commiffioners fhall from time to time apply the fame, and alfo the Dividends payable on any Stock redeemed or purchafed therewith, in the Purchase of Capital Stock of the Public Annuities of Great Britain bearing an Intereft of Three Pounds per Centum, in fuch manner as is directed by any Act or Acts now in force with refpect to any other Sums iffued to the faid Commiffioners for the Reduction of the National Debt; and all and every the Powers and Authorities, Regulations and Provifions contained in any fuch Act or Acts refpecting the Application of Monies iffued or placed to the Account of the faid Commiffioners, fhall be excercifed and applied and be in full force with refpect to the Monies iffued or placed to the Account of the faid Commiffioners by virtue of this Act, in fo far as the fame are applicable, and except where the fame are herein exprefsly varied, as fully as if the fame were particularly re-enacted herein. IX. And be it further enacted, That a feparate Account shall be kept of the Amount of the Capital Stock of the Public Annuities of Great Britain bearing an Intereft of Three Pounds per Centum, purchafed or redeemed by the Operations of the faid Two feveral Sums of Fifty five thousand four hundred and ten Pounds and Fifty five thousand four hundred and ten Pounds, and fuch other Sum or Sums of Money as from time to time may be paid into the Hands of the faid Governor and Company of the Bank of England, or their Cafhier, on account of the Sinking Fund, for the Redemption of the faid Two feveral Capital Sums of Three millions Reduced Three Pounds per Centum Annuities and One million four hundred thousand Pounds Con Confolidated Three Pounds per Centum Annuities, and alfo of the ments to ceafe. with; and whenever and fo foon as the Sum of Four millions four hun- When Stocks dred thousand Pounds Capital Stock of the Public Annuities of Great are redeemed or Britain bearing an Intereft of Three Pounds per Centum, being the purchased, PayAmount of the faid Two feveral Sums of Three millions Reduced Annuities and One million four hundred thoufand Pounds Confoli dated Annuities, created by the faid Sum of Two millions five hundred thousand Pounds, fhall have been purchased or redeemed by the Operation of the faid Two feveral Sums of Fifty five thoufand four hundred and ten Pounds and Fifty five thoufand four hundred and ten Pounds, and fuch other Sum or Sums of Money as may be paid on account of the faid Sinking Fund as hereinbefore mentioned, and of the Dividends payable on any Stock redeemed or purchafed therewith; then and from thenceforth the feveral Payments hereinbefore provided for the Intereft, Sinking Fund and Charges of Management thereof respectively, fhall wholly ceafe and determine, and the faid United Company fhall be wholly acquitted from all future Demands in refpect thereof. recovered. X. And be it further enacted, That in case the faid United Com- In cafe of Failure pany or their Succeffors fhall make Failure in any of the Payments of Payment by hereby required and appointed to be made into the Hands of the Company, how faid Governor and Company of the Bank of England, on or before the refpective Days or times hereinbefore limited, that then, and from time to time as often as such case fhall fo happen, the Money whereof fuch Failure in Payment shall be made, fhall and may be recovered to His Majefty's Ufe by Action of Debt or upon the Cafe, Bill, Suit or Information, in any of His Majesty's Courts of Record at Westminster, wherein no Effoign, Protection, Privilege or Wager of Law shall be allowed, or any more than One Imparlance; in which Action, Bill, Suit or Information, it shall be lawful to declare that the faid United Company or their Succeffors are indebted to His Majefty in the Monies in which they have made Default in Payment, according to the Form of the Statute, and have not paid the fame, which shall be fufficient; and in or upon fuch Action, Bill, Suit or Information, there fhall be further recovered to His Majefty's Ufe, against the faid United Company or their Succeffors, Damages after the Rate of Fifteen Pounds per Centum per Annum, for the respective Monies fo unpaid contrary to this Act, with full Cofts of Suit; and the faid United Company and their Succeffors, and all their Stock and Funds, and all other their Eftates and Property whatsoever and wherefoever shall be and are hereby made fubject and liable to the Payment of fuch Monies, Damages and Cofts. tious in Ealt Indies. XI. And be it further enacted, That the feveral Sums of Money Payments payable or to be paid for the Intereft, Sinking Fund and Charges of Charge on TerManagement of the faid feveral Sums of Three millions Reduced ritorial AcquifiThree Pounds per Centum Annuities, and One million four hundred thousand Pounds Confolidated Three Pounds per Centum Annuities, shall be and be deemed and confidered to be a Charge upon the Revenues of the Territorial Acquifitions in the Eaft Indies, in like manner as if the Intereft payable in respect of the Indian Debts, which have been or may be discharged by means of the faid Principal Sum of Two millions five hundred thousand Pounds had remained payable in the East Indies; and it fhall and may be lawful to and for the faid Payments paid into Bank exempted from Property Duty. IG. 3. (1) c. Director of Coal Coals at Prices approved of by Lord Lieutenant. United Company to caufe Funds for the Payment of fuch Intereft, Sinking Fund and Charges of Management, and ali Sums of Money which they fhall have become liable to pay in refpect thereof, to be appropriated and provided out of the Indian Revenues, and to be remitted to England in the fame Order of Preference in which the Interefts on fuch Debts fo difcharged would have been payable if they had remained due and owing in the Eaft Indies; any Law, Ufage or Statute to the contrary thereof in any wife notwithstanding. XII. And be it further enacted, That the Property Tax in refpect of the Sums hereinbefore directed or authorized to be paid into the Bank of England by the faid United Company, fhall not be paid or borne by the faid United Company, and the fame Sums of Money fhall be paid by the faid United Company without any Deduction or Abatement whatsoever in refpect of the Property Tax or otherwife how foever; but fuch Property Tax fhall be deducted from the Dividends payable in refpect of fuch Sums of Money, in fuch manner as the Property Tax in refpect of any other Part of the Reduced Three Pounds per Centum Bank Annuities and Confolidated Three Pounds per Centum Bank Aunuities is or ought to be deducted and paid. CA P. CXXXVI. An Act to enable the Lord Lieutenant of Ireland to regulate II. And whereas fince the Encrease in the Price of Coals many large Quantities of Coals have from time to time been purchased for the the Ufe of fuch Coal Yards, at Prices exceeding the Rate fixed by ‹ Law as aforefaid, and where fuch Purchases were fairly made it is reasonable that the Parties concerned fhould not fuffer thereby ;' Be it therefore enacted, That whenever the Commiffioners of Impreft Accounts in Ireland fhall be of Opinion that any fuch Purchase hath been fairly and bona fide made for the public Benefit, it fhall and may be lawful to and for the faid Commiffioners, and they are hereby required to allow the fame in Account, and to admit the Price paid for fuch Coals as juft and fair Discharges for and on Behalf of the Director or Superintendent of fuch Coal Yards, or of any other Perfon or Perfons who so paid the fame refpectively. CA P. CXXXVII. An Act for extending the Time for the Payment of certain W Reign of His prefent Majefty, intituled An 48 for enabling HEREAS an Act was paffed in the Fifty firft Year of the His Majefly to direct the Iue of Exchequer Bills, to a limited Amount, for the Purposes and in Manner therein mentioned: And whereas Exchequer Bills were iffued under the faid Act, to certain Commiffioners therein named, and were by them advanced to Manufacturers, Merchants and Perfons engaged in Trade, on certain Terms and Conditions: And whereas Circumftances have occurred which render it expedient to extend the time for the Repayment of the • Initalments remaining due on the faid Loans of Exchequer Bills, upon the Terms and Conditions hereinafter fpecified;' Be it therefore enacted by the King's Moft Excellent Majefty, by and with the Advice and Confent of the Lords Spiritual and Temporal, and Commons, in this present Parliament affembled, and by the Authority of the fame, That it fhall and may be lawful to and for any Perfon or Perfons may ap Perfons to whom any fuch Relief fhall have been granted under the ply to Commil faid recited Act, his, her or their Heirs, Executors and Adminif. fioners to have trators, and his, her or their Sureties, and who respectively fhall be time for Repay defirous of enlarging or extending the time limited by the faid Act for the Repayment of any Part of any Loan of fuch Exchequer Bills, to make Application to the Commiffioners named and appointed under the faid Act, or fuch of them as fhall be ftill living, who are hereby nominated and appointed Commiffioners for executing this A&t, for any Enlargement or Extenfion of the times limited for fuch Repayment, not exceeding the times or the Proportions of any fuch Loan hereinafter specified; and the faid Commiffioners are hereby authorized to enlarge and extend the time for the Repayment of any fuch Loan in the Proportions as to what may be due thereon, and for the times hereinafter fpecified, either upon the Obligation or Obligations, Security or Securities, Surety or Sureties heretofore accepted and made liable for Repayment of any fuch Loan, or any Interell thereon, without any other or new Obligation, Deed or other Security or Agreement whatsoever, other than fuch Confent of Sureties as hereinafter mentioned, or upon fuch other and new Security or Securities, or ment of Loans extended who may extend it as specified. |