Page:Ruffhead - The Statutes at Large - vol 5.djvu/162

122 C. 8. Anno tertio Georgii Regis. A. D. 1716. ' the faid remaining Bills, arid of all Arrears of the faid Allowance of three Pounds per Centum per Annum ' which (hall be due to them at the 1 ime of fuch Redemption; and fo as all the prefent Allowances to the So as the prefent $ fojd 'Governor and Company of the Bank of England, payable to them for circulating and exchangir T 'V] ' f° r rea dy Money the faid Bills, amounting to four Millions five hundred fixty-one thoufand twenty-five cnntimied'to Pounds, or thereabouts, now ftanlingjxit or uncancelled, as aforefaid^ to be continued to them until 1 x he cimftmasi';);. ' ahd far the -Quarter to end at the Feaft of the Birth of our Lord Chrift one thoufand feven hundred ' and feventeen; and the faid Governor and Company are alfo willing to advance to your Majefty, to be ' imploycd for or towards difcharging or lefiening the National Debts and Incumbrances, any further ' Sum or Sums of Money, not exceeding in the whole two Millions five hundred thoufand Pounds, as the a.foo.oQo'l to ' Commiffioners of the Treafury, or High Trealurer for the Time being, fhall call for, at any Time or be advanced by « Times before the twenty-fifth, Day of March one thoufand feven hundred and eighteen, at an Intereft of ' five Pounds per Centum per ■Jnriuffi, redeemable by Parliament :' Now wc your Majefty 's moft dutiful and loyal Subjects, the Commons of Great Britain in Parliament affembled, being defirous to eafe the pre- fent Burthen of National Debts and Incumbrances^ and in due Time the heavy Taxes lying upon this Kingdom, fo far as it is confiltent with Honour, Juftice and Equity, do moft humbly befeech your Maje- Banfe to Re paid fty, 1 hat it may be enacted; And be it enacted by the King's moft Excellent Majefty, by and with the s .Advice and Content of the Lords Spiritual v and Temporal, and Commons, in this prefent Parliament af- 01J 153. hundred and eighteen inclufively, fhall grow 'due and, remain unpaid, or be in Arrear to them for or upon - '[■ °"'S^ es ' the faid Annuity .or Sum of one hundred and fix thoufand five hundred and one Pounds thirteen Shillings gKgii'eF'jr.df" ' in & h ve Pence- /w Annum, out of the Monies arifen or to arife at the Receipt of Exchequer, of or for the faid particular Duties on Houfes, and of or for the faid Duties and Revenues called the aggregate Fund, as aiiy of them; and that from and after the faid Feaft of the Nativity of St. Jo/m Bapt'.ft one thoufand leven hundred and eighteen, all Payments of or upon the faid Annuity or Sum of one hundred and fix thoufand five hundred and one Pounds thirteen Shdlings and five Pence per Annum, which from thence- Jod:; fhould and might grow due and payable, fliall ceafe and determine. .After that the ic-6, coi 1.; - t; d. fhall eeafe T,.mk toha've' 1IL Ana 88751 1. 7 f. Bar;k of E 1 be it further enacted by the Authority aforefaid, That the faid Governor and Company of the England, and their Succeffors, (fubject neverthelefs to the Provifo and Power of Redemption 10 a. i-i.jiey hereafter in this Act contained in this Behalf, and none other) fhall have, receive and enjoy, and be en- th."{l id Duties titled by virtue of this Act, to have, receive and enjoy the faid Annuity or yearly Sum of eighty-eight See 11 Geo. 1.' thoufand feven hundred fifty-one Pounds feven Shillings and ten Pence Half- penny, in refpect of the faid c. 9. principal Sum of one Million, feven hundred feventy-five thoufandtwenty-feven Pounds feventeen Shillings 2 Geo, 2. c. 3. an j ten p ence Half-penny, which annual or yearly Sum of eighty-eight thoufand feven hundred and fifty- one Pounds feven Shillings and ten Pence Half-penny fliall be and is hereby charged upon, and fliall be paid and payable, from Time to Time, .out of all the Monies arifen or to arife at the faid Receipt of the -Exchequer, of or for the faid particular Duties on Houfes, and of or for the faid Duties and Revenues, Payable from called the aggregate Fund, and every or any of them; and fliall be paid and payable to the faid Governor B4 June 171?. and Company of the 'Bank of England, and their Succeffors for ever, from the faid Feaft of the Nativity ■juaiceriy. of St. .John Baptill one thoufand feven hundred and eighteen, at the four moft ufual Feafts or Days of Payment in the Year before mentioned, by even and equal Portions; all which Payments fliall alfo be. made in fuch Mjannp.r and Form, and with fuch Preference, as are herein after prefcribed in that Be- half Redeemable on one Year's No- a eighteen*, and not before; and upon Repayment by Parliament to the faid Governor and Company of the- Bank of England, or their Succeffors, of the faid Sum of one Million feven hundred feventy-five thoufand twenty-feven Pounds feventeen Shillings and ten Pence Half-penny, without Deduction, Difcount or Abatement whatfoever to be made out of the fame, or any Part thereof, and of all Arrears of the faid An- nuity of eighty-eight thoufand feven hundred fifty-one Pounds feven Shillings and ten Pence Half-penny fcr Annum, if any fuch fliall be then due; then, and not till then, the faid Annuity of eighty-eight thou- fand f ven hundred fifty-one Pounds feven Shillings and ten Pence Half-penny per Annum ihall fron* thenceforth ceafe and determine; any former Act or Acts of Parliament, or any Provifoes, Matters or Things therein. contained, or other Matter or Thing whatfoever to the contrary notwithftanding. Oat of the faid IV. And for the better Encouragement of the laid Governor and Company of the Bank of England to iBankpjy ff ( difcharge and cancel as many of the faid Exchequer-bills as fliall amount to two Millions in prin- ! '?, ', cipal Money, and to continue the circulating and exchanging for Money at Demand, the Remainder of much as .ihaJl be , r J J , .*-* ... tr- &.. . . j? *-.■,-- 7 due to th.ro for toem, according to the true Intent and Meaning or tins Ait; it is hereby further enacted by the Authori- • «! i't 2d.;y aforefaid, That cut of the Monies that are or {half he in the Receipt of the Exchequer of the faid Du- ?' '- it'ti'm pel tj, es and Revenues of the faid- Fund, called the aggregate Fund, and of the faid Duties on Houfes, the faid , '; ™ on:kc1 ^ 1 .' Governor and Company of the Bank of 'England fliall be paid and fatisfied fo much as fhall be due and in till delivifea up Arrear to them for the faid Intereft of two Pence per Centum per Diem upon the faid Bills amounting to two ana f, much as Millions, until the Time or refpective Times on which they fliall deliver up .the fame purfuant to this. Act, 31 Chriftmas and fo much as at or before the Feaft of the Birth of our Lord Chrift one thoufand feven hiindre ' and" . >w- Mi 2 feven-