270 C. 4. Anno fexto Georgii Regis. A. D. 1719, increafed as aforefaid ; then the faid Annuity or yearly Fund of the fame Governor and Company, payable as aforefaid, and the Annuities or yearly Funds which fhall be added thereunto purfuant to this Act, and the faid yearly Sums to be allowed for Charges of Management as aforefaid, and every of them, fhall from thenceforth ceafe and determine. ' LIX. And in regard it is intended, That at any Time or Times after the faid Feaft of the Nativity of 6 Saint "John Baptijl which fhall be in the Year of our Lord one thoufand feven hundred twenty-feven, the
- Principal or Sum Total of the faid Capital and to be increafed Stock of the fame Governor and Company,
' confifting of eleven millions feven hundred forty-fix thoufand eight hundred forty-four Pounds eight Shil- ' lings and ten Pence, and the Additions to be made thereunto as aforefaid, may be fatisfied to the faid Go- | ' vernor and Company by any Payments (not being lefs than one million of lawful Money of Great. Britain ' at a Tim ' the fame After 24 Tune ihall 1717, on Pay- by the Authority aforefaid, That at any Time or Times after the faid Feaft of the Nativity of Saint Ji... meittof any Sum Baptift which fha!l be in the Year of our Lord one thoufand feven hundred twenty-feven, upon Repay .not lets than ment ' by Parliament to the faid Governor and Company of Merchants of Great Britain; or their Succeflbrs - mopm'tioaaole of any Sum or Sums of Money (nat being lefs than one Million at a Time) in Part of the principal Part of the An- Monies whereunto the faid Capital with all the Additions which, for taking in the faid Annuities, Debts guides (hall and Incumbrances are to be made thereunto by way of Increafe as aforefaid, fhall then jointly amount ac- ce ^ e - cording to this Act, and upon Payment of all Arrearages then due to them at the refpective Rates aforefaid, ieft^iQ 2 ' C " or e i c ^ er °f them, for or upon their faid Annuity or yearly Fund increafed or to be increafed as aforefaid' 3 Geo. z. c 16. or fo much of thofe Arrearages as fhall bear a Proportion to the principal Sums from Time to Time re' 4 Geo. 2. c 5. maining unfatisfied, being computed by the Day, until the Time of every fuch Payment of Part of the 5 Geo. 2. c. 17. Principal refpectively ; and upon Payment of all Arrearages then due for or upon the faid yearly Sums for
- Sf°'f" c '*l' Charges of Management; Then, from and after every fuch Payment fo made to the fame Governor and
EoGe0f2.c-.r-! Company, or their SuccelTors, fomuch of their laid Annuity or yearly Fund, increafed or to be increafed as aforefaid, as fhall bear proportion to the Monies fo paid in part of the faid Principal, fhall ceafe, de- termine and be abated ; any Tiling in this or any former Act or Aits of Parliament contained, or other Matter or Thing whatfoever to the contrary notwithftanding. After Redernp- LX. Provided alfo, and it is hereby further enacted by the Authority aforefaid, That from and after the I lion of the An- Redemption of the faid Annuity or yearly Fund of the faid Governor and Company of Rderchants of Great ^! ult,es > ' he ^ n ~ Britain, and of the additional Annuities or yearly Funds which are to be joined to the fame as aforefaid, 1 ftood°to be re-'~ an d of the faid yearly Sums to be paid for Charges of Management as aforefaid, according to the feveral and deemed by Par- refpective Proyifoes or Conditions of Redemption in this Act contained, of or concerning the fame, then liamen:. and not till then, fo much of the faid feveral Duties, Revenues and Incomes as were by this Act applicable thereunto during the Continuance thereof, fhall be understood to be redeemed by Parliament, and fhall not be iffued, paid or applied to any Ufe, Intent or Purpofe whatfoever without Authority of Parliament : But the Corpora- Neverthelefs the fame Corporation by the Name aforefaid fhall for ever remain, continue and be one Body tic n to continue Corporate and Politick, and fhall have, hold and enjoy all their Forts, Factories, Acquifitions, Lands, foi a.xr. Tenements, Hereditaments, fole Benefit of Trade in and to the South-Seas and elfewhere, and alfj all the Lands, Tenements and Hereditaments that are or lhall be by them purchafed in Great Britain, not ex- ceeding one thoufand Pounds per Annum, with perpetual Succeffion, and all Abilities, Capacities, Powers, Authorities, Franchifes, Exemptions, Privileges, Profits and Advantages whatfoever, whereunto the faid Governor and Company are, or before the making this Act were entitled by any Act or Acts of Parlia- ment, Grants or Charter now in Force; all which, and all the Claufes, Matters and Things therein contained, now being in Force, are by this Act ratified, confirmed and made effectual to them and their Succeffors ; and the fame Governor and Company and the Members thereof, without having any Share of Intereft in the faid yearly Funds, Payments or Annuities, or any of them, after the fame fhall be redeem- ed, fhall have and be entitled to the fole and exclufive Benefits of Trade in and to the Soutb-Seas and elfewhere, and fuch Power of Trade in the Fihery, as by any Act or Acts of Parliament now in Force is directed, and all other Benefits, Powers, Privileges and Advantages (the faid refpective Annuities to them iffuing or payable after fuch K.edemption as aforefaid, only excepted) as if no fuch Redemption were had or made ; any Thing in this Act contained to the contrary notwithftanding. A11 Things by LXI. And it is hereby declared and enacted by the Authority aforefaid, That all and every the Abilities, any former A£b Capacities, Powers, Authorities, Exemptions, Franchifes, Privileges, Profits anJ Advantages whatfoeverj or Charters and .all Pains of Death and other Penalties, Forfeitures, and Difabilities, and all Rules, Directions, Me- ] 8 ,anted > t0 con " thods, Articles, Matters and Things whatfoever, which by any former Act or Acts of Parliament, or any • siaae or v r. £j] au f e or Claufes therein, or any Charter or Charters under the Great Seal of Great Britain, are enacted, - • granted or eftablifhed to, for, touching or concerning the fame Corporation of the Governor and Company of Merchants of Great Britain trading to the South-Seas and other Parts of America, and for encouraging the Jfifhesy, or their Succrffors, or the Members of the fame, or any Perfon or Perfons employed or to be I employe] under them (being in Force at or until the Time of making this Act, and not hereby determined or altered) fliall for ever continue and be practifed, and be put in Execution, for fecuring and paying the yearly Funds, Annuities and rayments by this Act directed, and fubject to the Provifoes for Redemption thereof in this Act contained, and alfo (as well after fuch Redemption as before) for fecuring the Poffef- fions, 1 rade and Bufinefs of the fame Corporation, and for the Advantage of them and all Perfons em- ployed and to be employed under them, in all Refpedts, as fully and effectually, to all Intents and Pur- poles,
