A. D- 1697. Anno odavo & nono Gulielmi III. C 20. 659 1 ... ■ XXXI. And be it further enaftcd. That the Common, Capital, and Principal' Stock, and alfo the real Bank Stock and Fund of the Governor and Company of the ]5ank of England, or any Profit or Produce to be made thereof, '""'■*'* tlioicot or arifing thereby, or the particular Share, Part, and liitereft of any Member of the faid Corporation in 'yl'^^^ '"" the faid Stock or Fund, or the Profit or Produce lo be made thereof, or arifing thereby, (hall be, and is hereby exempted from any Taxes, Rates, Aflcflments, or Impofitions whatfoever, during the Continuance of the faid Bank. XXXII. And be it further enaitcd, That from and after the compleating of the faid Subfcriptions to be GrowJnj In- taken by virtue of this AiSl, the growing Intereil: of all the Tallies and Orders brought in by virtue of the '"•■Ion Tallies, faid Subfcriptions, till the Principal thereon fhall be paid ofl^ and the faid Principal it fclf, fo faft as the p'^'^„f ^?^"^. fame fliall be received, together with the faid yearly Payment of one hundred thoufand Pounds//??- Annum., a].Ki
the'i/fe
' payable to the prefent Governor and Company by virtue of the faid recited Afl:, and all Hie Profit, Benefit, of all Memhera and Advantage, from time to time arifing out ot the Management of the faid Corporation, from and after <^/ ^'-^ Corpora- the compleating the faid Subfcriptions, fhall be applied to the Ufes of all the Members of the faid Corpo- '1°" '" Propor- ration of the Governor and Company of the Bank o^ England, rateably and in Proportion to each Mem- sh",^""^ ber's Part, Share, and Intereft in the Common, Capital, and Principal Stock of the faid Governor and Company hereby eft:abliflied. XXXIII. And be it further enafted by the Authority aforefaid, That from and after the five and twen- Bank Stock to tieth Day oi March one thoufand fix hundred ninety-feven, the Eflrat?, Intereft, and Stock of the Money *>«» Perfenai, of the faid Corporation of the Governor and Company of the ^znV oi England, and .of each and every ^"^^ """^ ^ ^'^' particular Member thereof, fhall be, and be adjudged, taken, and accepted, in Conftriiftion of Law, by " ' all Judges in all Courts of Law and Jufticc, and in all Courts and Places whatfoever within this Realm, to be a perfonal, and not a real Eflate, and fhall go to the Executors or Adminiftrators of the Perfon or Per- and /hall go to fons dying poffefled thereof, or intitled thereunto, and not to the Heirs of fuch Perfon or Perfons ; any thing "-lie Executors, contained in the faid Adl of Parliament for erefting the Bank, or in any other Aft, or any other Law, ar"! "otto the Statute, Ufage, or Cuflom, to the contrary in any wife notwithflanding. '^"' XXXIV. And for preventing of clandeftine or fraudulent Bargains or Dealings in Bank Stock for the fu- ture; Be it further enafted by the Authority aforefaid. That from and after the faid five and twentieth Day No Contrafl f^r oi March, which fhall be in the Year of our Lord one thoufand fix hundred ninety-feven, no Promife, Bjnk^s'tockt'"' ContraiS, Bargain, Covenant, or Agreement, made either by Word of Mouth, or in Writing, for the be good, till re- buying or felling of any Bank Stock, or for the transferring, changing, or altering, the Property thereof, giftred in the either in Truft, or othcrwife, however it be, fliall be good or valid in Law or Equity, or adjudged to be Bank Books. legal, obligatory, or binding to either or any of the Parties making the fame, or concerned therein, or for whofe Ufe or Account the fame is or fhall be made, unlefs fuch Promife, Contraft, Bargain, Covenant, or Agreement, fhall be adlually regiftred in Words at Length, in the Book or Books of the Bank, by the Officer there thereunto appointed, within feven Days, and aftually transferred within fourteen Days next after the making of fuch Promife, Contrail, Bargain, Covenant, or Agreement. XXXV. And be it further enafted by the Authority aforefaid. That no h&., Matter, or Thing, Ads, No A a of the Matters, or Things already done, or hereafter to be done, by the faid Corporation of the Governor and Corporation to Company of the Bank of England, or by their Succefl'ors, or by the Court of Dire£l:ors of the faid Cor- fu^cctthspar- poration, or by any Sub-Committee appointed or to be appointed by the faid Corporation, fliall forfeit or '"^"-^^ !""° /- 1 ■ o 1 T 1 1 T^ r ' X ' t • ^ :- 1 r^n t n i^ i i T» any iVembcr to fubject, or make luibic tol"orteiture, the particular, private, and perlonal Eitate, Intereft, Stock, and Pro- f o,-teituie. Eerty of any Member of the faid Corporation ; but that notwithftanding any Aft or Afts, Matter or latters. Thing or Things, done or to be done by the faid Governor and Company of the Bank of England, or by the faid Cou't of Direftors, or Sub-Committees, as aforefaid, the Eftate, Stock, Intereft and Property, with the whole Proceed, Benefit, Profit, and Advantage thereof, belonging to each and . every Member of the faid whole Corporation, and his particular Right, Claim, and Title thereunto, and to every Part thereof, fhall be and remain unforfcited, untouched, v/hole, fafe, and intire, to the proper Ufe and Benefit of each and every of the faid Members, fubjeft neverthelefs to the Payment of all juft Debts contrafted by the faid Corporation; any Law, Statute, Ufage, or Cuftora, to the contrary not- withftanding. ' XXX V I. And whereas of late divers Frauds and Cheats have been put upon the Governor and Com- '.pany of the Bank o^ England, by the altering, forging, and counterfeiting, of the Bank Bills, and Bank ' Notes of the faid Governor and Company, and by the rafing and altering Indorfements thereupon, to the
- great Decay of Credit:' For redrefHng the fame for the future, be it enadled by the Authority aforefaid,
I hat the forging or counterfeiting the Common Seal of the faid Corporation of the Governor and Com- polony to forgs pany, or of any fealed Bank Bill, made or given out in the Name of the faid Governor and Company, for or counterfeit the Payment of any Sum of Money, or of any Bank Note of any Sort whai;foever, figned for the faid Go- the Common vernor and Company of the Bank, of England, or the altering or rafing any Indorfement on any Bank ^^^'°^">'^^"'^. Bill or Note of any Sort, fliall be, and is hereby declared and adjudged to bfe Felony Vvfitljout Benefit of ° ^' ' '^• •Clergy. XXXVTI. And be it further enafted by the Authority aforefaid. That the Auditor of the Receipt of His oflicetsof Ex- Majefty's £'a-i:/j£7Z(«' for the time being, and all Telleis, Receivers, and Officers whatever, in the faid. Re- chequer to keep ceipt o^ Exchequer, fhail from time to time for ever hereafter keep jufl and true Accounts, in a Book or "'«« Account.s Books f^iirly written, of all Monies coming to their and every of their Hands, which are or fhall be appro- "* ^" ^'lo"les ^^ priated, belonging, due, or owing to the ikid Governor and Company of the Bank of £M^/o«<r', as the fame ° "^ '^"*^' fhall from time to time com,e into the Receipt oi Exchequer, or fhall come to their feveral Hands, either on account of the yearly Fund of one hundred thoufind Pounds per Annum, payable to the faid Governor and on account of Company by virtue of the faid Att of Parliament for erefting the Batik, or on Account of any Parliamen- the yearly pr tary Funds, on the Creditof which the faid Governor and Company already haVe, or fhall hereafter have other Funai,._ _ . lent or advanced any Sum of Money, br Oh Account of the Principal Monies or Intercfts due or to be due 4 P 3 to
