Page:Ruffhead - The Statutes at Large - vol 5.djvu/181

A. D. 1716. Anno tertio Georgii Regis. C. 9. 141 Abatement whatfoever to be made out of the fame, or any Part thereof, and upon Payment of all Arrears of the laid yearly Sums of live hundred thoufand Pounds and eight thoufand Pounds per Annum, if any fuch (hall bo then due, then t! c faid yearly Sums of five hundred thoufand Pounds, and eight thoufand Pounds, (hall from thenceforth ceafe and determine. ' XXI. And in regard it is intended, That after the twenty-fourth Day of "June one thoufand feven After ^4. June ' hundred and twenty-three, the faid Principal Sum of ten Millions due to the faid Governor arid Cotn ' pany, may be fatisiied by any Payments not being lcf> than one Million of lawful Money of Great Bri- ' tain at a Time; and that as the fame Principal Monies {hall be paid off, the (aid yearly Sum of five than ' hundred thoufand Pounds (hall from Time to Time proportionally fink and be abated;' Be it th< refore < , in, further provided and enacted by the Authority aforefaid, That if at any Time or Times at or after the faid twenty-fourth Day of June one thoufand (even hundred and twenty-three, Notice (hall be given by Au- ,0 ' . 00 *, 030 • th rity of Parliament for Redemption of tlv laid yearly Sums of live hundred thoufand Pounds, and eight thoufand Pounds, by this Act payable, as aforefaid; and if Payment according to fitch Notice be made by Parliament to the laid Governor and Company of Merchants of Great Britain, or their Succenors, of any Sum or Sums of Money (not being left than one Million at a Time) in Part of the laid Sum often Mil- , and alio if Payment be made of all Arrearages then due to them of the faid yearly Sums of five hundred thoufand Pounds, and eight thoufand Pounds, or fo much of tlufe Arrearages as fhall hear a Pro- portion to tiie Principal Monies, from Time to Time remaining unfatjsfied, being computed by the Day, until the Time of every fuch Payment of Part of the Princip; 1 reflectively; then from and after every then Co rm;ch fuch Payment fo made to the faid Governor and Company, and their Succeffors, fo much of the faid yearly" 1 lhe! Sum of five hundred thoufand Pounds, as fliall bear Proportion to the Monies fo paid in Part of the laid ^™?s "". Principal, fnall ceafe and determine and be abated;. any Thing in this or any former Act or Acts of Par- t o the Monies"' iiament contained, or other Matter or Thing whatfoevei to tin; contrary notwithstanding. pa i.i in Part of XXII. Provided alio, and it is hereby further enacted by the Authority aforefaid, That from and after t!ic Principal, the Redemption of all the faid yeaily Sums of five hundred thoufand Pounds, eight thoufand Pounds, and *•-" c ^; 1ic '; the faid other Annuity or Annuities after the R.ate of five Pounds per Centum per Annum, by Payments to I; '. . ' jV^J" be made according to the ieveral and relpective Proviloes or Conditions or redemption in thrs Act con- to be unoVrftuoi tained of or concerning the fame, then and not till then, the faid Duties, impofitions, additional Impo- to be redeemed fitions and Revenues, and all proportional Parts of them, or any of them, fhall be underllood to be re-ty Parliament. deemed by Parliament, and (hull not be ifi'ued, paid or applied to any Ufe, Intent or Purpofe whatfoever- without Authority of Parliament; neyertheleis the laid Corporation, by the Name aforefaid, after fuch E " t tnc Cor P=- Redemption of the faid yearly Funds, Annuities or other annual Payments, fhall continue for ever, and"""? to COilti " have perpetual Succeflion, and fliall hold and enjoy all Forts, Factories and Acquifltions that they have erected, eftablifhed or made, or fliall erect, eftabiifh, or make within the Limits prefcribed by the Charter or Charters to them granted, and the Lands, Tenements and Hereditaments that are or fliall be by them purchafed in Great Britain not exceeding one thoufmd Pounds , er Annum; and the faid Governor and Company, and the Members thereof, without having any Share or Intcrefl in the faid yearly Funds, Payments or Annuities, or any of them, after the fame fliall be redeemed, fhall have and be entitled to the yantjiges (the faid refpective Annuities to them iffuing or payable only excepted) tion were had or made; any Thing in this Act contained to the contrary notwithstanding. XXIII. And it is hereby declared and enacted by the Authority aforefaid, That all and every the Abili- A11 Things b> ties, Capacities, Powers, Authorities, Exemptions, Franchifes, Privileges,. Profits and Advantages what- anyfo™e> ' Aa * foever, and all Pains of Death, and other Penalties, Forfeitures and Disabilities, and all Rules, Directions, igrantecT'to C0E „ Methods, Articles, Matters and Things whatfoever, which by any former Act or Acts of Parliament, or tinue for ever., * any Ciaufe or Claufes therein, or any Charter or Charters under the Great Seal of Great Britain, are- enacted, granted or eilablifhed, to, for, touching or concerning the faid Corporation of the Governor and Company of Merchants of Great Britain trading to the South-Seas and other Parts of America, and for en- couraging the Fifhery, or the Members of the fame (being in Force at or until the Time of making this Act, and not hereby determined or altered) (hall for ever continue and bepractifed and be put inExecutioa for fecuring and paying the yearly Fund, Annuuies and Payments by this. Act directed, fubject to the. Provifoes for Redemption thereof in this Act contained, and alfo (as well after fuch Redemption as before) for fecuring the PolTeffions, Trade and Bufinefs of the faid Corporation, and for their Advantage in all Refpects, as fully and effectually to all Intents and Purpofes, as if the faid Abilities, Capacities, Powers,, Authorities, Exemptions, Franchifes, Privileges, Profits and Advantages, and the faid Pains of Death, and other Penalties, Forfeitures and Difabilities, and the faid Benefit or Trade,. Rules, Directions, Me- thods, Articles, Matters and Things, were feverally repeated and at large re-enacted in the Body of this prefent Act. XXIV. And it is hereby enacted and declared by the Authority aforefaid, That all fuch. Transfers and Transfers not Alignments of Stock or additional Stock, in the Books of the faid Governor and Company of Merchants li ab!e »' higher. of Great Britain, as are not by this Act wholly exempted from the Stamp-duties, fhall not hereafter be or! . a ™ I> ' auti: *" be made liable to.any higher, or greater Duties than are now payable for the fame. XXV. And it is hereby declared and enacted by the Authority aforefaid, That. any Vote or Refolution Vote of the of the Houfe of Commons, fignified by their Speaker in Writing, to be delivered at the pubiick OfHce Co „ rnmons ' fi s- of the faid Governor and Company of Merchants of Great Britain trading to the South-Seas, fhall beg 1 ^.^ a h ^. deemed and adjudged to be fufficient Notice within the Words and Meaning of this Act, for redeeming riuenTwoticL" their