A. D. 1720. Anno feptimo Georgi 1 Regis. Stat. i«. C. 27. [357] | ; fame Charter ; fifty thoufand Pounds more thereof within fifteen Calendary Months after the Date of the fame Charter ; and fifty thoufand Pounds, Refidue thereof, within one and twenty Calendary .Months after the Date of the fame Charter : And whereas the Corporation or Body Politick, called The Roy i! Exchange AJurance, created and eftablifhed by his Majefty's Charter, under the Great Seal of Great Bri- tain, dated the two and twentieth Day of June in the fixth Year of his Majefty's Reign, purfuant to the Acl of Parliament in that Behalf, were obliged to pay to his Majefty's Ufe the Sum of three hundred thoufand Pounds, and have actually paid into the Receipt of his Majefty's Exchequer the Sum of one ' hundred and eleven thoufand two hundred and fifty Pounds, in Part of the laid Sum of three hundred tliou- ' fand Pounds : And whereas the Corporation or Body Politick, called The Royal Exchange //,... 1 Haufes and Goods from Fire, created and eftablifhed by another Charter under the Great Seal of Great B; . - ' tain, bearing Date the nine and twentieth Day of April in the prefent feventh Year of his Majefty's Reign, ' have covenanted with his Majefty, his Heirs and Succeflbrs, to pay, or caufe to be paid, to his Majefty, ' his Heirs and Succeflbrs, at the Receipt of his Majefty's Exchequer vxWeJlminfler, the Sum of one hun- ' drcd and eighty-eight thoufand feven hundred and fifty Pounds (Remainder of the laft mentioned Sum of ' th.ee hundred thoufand Pounds,) at or before fuch Days or Times, and in fuch Proportions, as are here- ' after mentioned ; That is to fay, thirty-eight thoufand feven hundred and fifty Pounds, Part thereof, ' within three Calendary Months alter the Date of the faid Charter, for the faid Corporation, called The ' Royal Exchange AJjurance of Houjes and Goods from Fire ; fifty thoufand Pounds, other Part thereof within ' nine Calendary Months after the Date of the fame Charter; fifty thoufand Pounds more thereof, within fifteen Calendary Months after the Date of the fame Charter; and fifty thoufand Pounds, Refidue there- of, within one and twenty Calendary Months after the Date of the fame Charter : And whereas the faid refpeciive Corporations, called The London AJjurance, and The Royal Exchange AJjurance, have feverally ' f cured the Payment of the faid feveral Sums of thirty-eight, thoufand feven hundred and fifty Pounds
- into the Receipt of the Exchequer, for his Majefty's Ufe, according to their faid refpeclive Covenants
' contained in the faid Charters for AfTurance of Houfes and Goods from Fire : And whereas his Majefty, ' in tender Confideration of the great Difficulties which the faid Corporations do feverally labour under, ' is giacioufly pleafed that the feveral Sums remaining unpaid by them, as aforefaid, (except the faid fe- ' veral Sums of thirty-eight thoufand feven hundred and fifty Pounds, which were made payable within ' three Calendary Months after the Dates of the faid refpective Charters for Affurances relating to Ploufes
- and Goods from Fire) (hall be abfolutely remitted and difcharged ;' Be it therefore further enacted by
the Authority aforefaid, That the faid feveral Sums of fifty thoufand Pounds, which by the Tenors of the faid Charters relating to the Aflurances of Houfes and Goods from Fire, was intended to be paid by the faid refpeftive Corporations within nine Months after the Dates of the fame Charters ; and the faid fe- veral Sums of fifty thoufand Pounds, which by the Tenors of the fame Charters were intended to be paid by the faid refpeftive Corporations within fifteen Months after the Dates thereof; and the faid feveral Sums of fifty thoufand Pounds, which by the Tenors of the fame Charters were intended to be paid by the faid refpeftive Corporations within one and twenty Months after the Dates thereof (all which Sums do amount in the Whole to three hundred thoufand Pounds) and all Actions, Suits, Executions and Demands what - See farther ™. foever, for, touching or concerning the fame, are and fhall, by Force and Virtue of this Act upon and u ™ngAjjurancn after Payment of the faid feveral Sums of thirty-eight thoufand feven hundred and fifty Pounds, and re- * G "' I- "' 1 S- deeming the laid Securities for the fame) be remifed, releafed and for ever difcharged; any Thing in the faid xgGeo'.i. c'.vr' former Act of Parliament for erecting the faid Corporations, or in any Charters or Letters Patents relating 21 Geo, 2. c.4.' thereunto, to the contrary notwithftanding. 25 Geo. 2. e. 26. ' XXVII. And whereas there is deficient in the Eaji India Company's Fund of one hundred and iixty ciaufe for Pay- ' thoufand Pounds per Annum, feveral Sums computed for feveral Years ended at Michaelmas one thoufand ">">* of ' feven hundred ana nineteen, amounting in the whole to one hundred ninety-one thoufand twenty-eight J j 1 ' 028 ™ = ! ' Pounds fixteen Shillings and fix Pence Half-penny; which Sum of one hundred and fixty thoufand Pounds c ; e nri e q s ' H U e to ' per Annum, is payable after the Rate of five Pounds per Centum per Annum, for a national Debt of three the Eaft-India ' millions two hundred thoufand Pounds, incurred before the twenty-fifth Day of December one thoufand Company at 4 Seven hundred and fixteen, provided for by former Acts of Parliament in that Behalf, and ftill remaining Mich. 1719. ' unfatisfied : And whereas the particular Duties on Salt, charged towards making good the faid yearly "j^ /. !"? ' Fund, have, in and for the year ended at Michaelmas one thoufand feven hundred and twenty, produced ftVji'xthehuer. ' an Overplus, amounting to two thoufand nine hundred and fixteen Pounds three Shillings and a Penny; ' which Sum laft mentioned doth now remain in the Receipt of his Majefty's Exchequer : Now to the End ' all the deficient Sums, amounting to one hundred ninety-one thoufand twenty-eight Pounds fixteen Shi]— ' lings and fix Pence Half-penny, may be juftly fatisfied,' Be it further enacted by the Authority aforefaid, That the faid Sum of two thoufand nine hundred and fixteen Pounds three Shillings and a Penny, now re- maining in the Exchequer for Overplus Monies of the aforefaid particular Duties upon Salt, and fo much of the Monies now remaining in the Exchequer of the SurplufTes, ExcelTes, and Overplus-Monies, commonly called the Sinking Fund, as (together with the faid Sum of two thoufand nine hundred and fixteen Pounds three Shillings and a Penny) fhall completely make up the faid Sum of one hundred ninety-one thoufand twenty-eight Pounds fixteen Shillings and fix Pence Half-penny, fhall be ifiued and paid to the faid Eajl India Company, or their Treafurer or Cafhier, for their Ufe, in full Satisfaction of the Deficiencies be- fore-mentioned ; and that the Commiffioners of his Majefty's Treafury now being, or any three or more of them, or the High Treafurer, or any three or more of the Commiffioners of the Treafury for the Time being, fhall and may caufe the fame to be iffued and paid accordingly, without any other or fur- ther Warrant to be fued for, had or obtained in that Behalf; any former Law or Statute whatsoever to the contrary notwithftanding. CAP
