anno quadragesimo octavo
GEORGII III. REGIS.
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CAP. CXLII
An Act for enabling the Comissioners for the Reduction of the National Debt, to grant Life Annuities.
Whereas by several Acts passed in the Reign of His present Majeſty, videlicet, An Act passed in the Twenty-sixth Year of His Majesty[1], intituled, An Act for vesting certain Sums in Commissioners at the End of every Quarter of a Year, to be by them applied to the Reduction of the National Debt; an Act passed in the Thirty-second Year of His Majesty[2], intituled, An Act to render more effectual an Act made in the Twenty Sixth Year of His present Majetis reign, intituled, 'An Act for veiling certain Sums in Commiſſioners 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 said Debt, in case of future Loans; and an Act passed in the Forty-second Year of His Majesty[3], intituled, An Act to amend and render more effectual Two Acts passed in the Twenty sixth and Thirty second Years of the Reign of His present Majesty, for the Reduction of, the National Debt; certain Provisions were made for the Establishment and Regulation of the Funds therein created or directed to be created for the Redemption of the National Debt, commonly called The Sinking Fund: And whereas it would tend to a more speedy and efficient Reduction of the National Debt, if the Commissioners for the Reduction of the said Debt were enabled, under certain Limitations and Restrictions, to grant Life Annuities, charged upon and payable out of the Funds created as aforesaid for the Redemption of the National Debt,
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