A. D. 1722. Anno nono Gf.org ir Regis. C. 6. 425 Proportion to their fovcra! arid refpeclivc Intcrcffs ^herein ; :uid that Credit bo given for the fame refpec- . lively in t!ie Books of the faid Company. ' III. And whereas on the reviving and adding the faid Sum of two millions a:; aforefaid, the whole ' Capital Stock of the faid South-Sea Company doth by Computation amount to thirty-three millions eight ' eight hundred and two thoufand four hundred eighty-three Pounds fourteen Shillings and a Half-penny ;
- and upon reviving and adding the faid proportional Part or Parts of the faid Annuities or yearly l-'un.l;
£ in refpect of the faid two millions as aforefaid, the whole Annuities or yearly Funds of the faid < ' pany, payable at the Exchequer, in refpect of their whole Capital Stock, do by Computation amount ' as follows, (that is to fay) For three millions eight hundred thirty-nine thoufand three hundred:! ' three Pounds thirteen Shillings and one Penny (Part of their faid whole Capital) at the Rate of four ' Pounds per Centum per Annum, the Sum of one hundred fifty-three thoufand live hundred fevdMty-four
- Pounds ten Shillings and ten Pence per Annum, and for twenty-nine millions nine hundred fixty- :hr- e
i thoufand one hundred and twenty Pounds and eleven Pence Half-penny (being the Refidio of I f whole Capital) at the Rate of five Pounds [> er Centum per Annum, the Sum of one million four bun ■!:■<•.] t ninety-eight thoufand one hundred fifty-fix Pounds and a Half-penny per Annum, in all one million fi*
- hundred fifty-one thoufand (even hundred and thirty Pounds ten Shillings and ten Pence Half-penny
' per Amium, payable until and for the Feaft of the Nativity of Saint John the Bapiifi one thoufand fc in 1 hundred and twenty-feven ; and from thenceforth the faid Annuities or yearly Funds are to be computed 1 on the faid whole Capital Stock, or Sum of thirty-three millions eight hundred and two thoufand four f hundred eighty-three Pounds fourteen Shillings and a Half-penny, at the Rate of four Pounds per Cen- ' turn per Annum, and no more, until the Redemption thereof by Parliament, over and above the fcveral ' Sums of eight thoufand Pounds p.r Annum, and one thoufand three hundred ninety-feven Pounds nine ' Shillings and fix Pence per Annum, already fettled and allowed for Charges of Management, and fe- ' veral other Sums to be fettled and allowed for Charges of Management, purfuant to fevcral Aits of Par- ' liament in that Behalf: And whereas it is judged to be advifeable and necellary, that fo great a Capital ' Stock and fuch large Annuities and yearly Funds as are laft mentioned, fhould be divided and fepa- ' rated in fuch a Manner, that all and every the Members or Proprietors thereof may find their refpective ' Shares or Interefts in each Part lb divided and feparated, and the Publick, as well as the faid Soiith- ' Sen Company, may be the better fecured againft future Frauds, Abufes, Errors and Mifmanagements :' Therefore we your Majeffy's faid dutiful and loyal Subjects, do further humbly pray, that it may be From 24 June enacted, And be it enacted by the Authority aforefaid, That from and after the twenty-fourth Day of »7*3- the whole ffunc which fhall be in the Year of our Lord one thoufand feven hundred and twenty-three, the whole ^£ d ta -' t0 be dl " Capital Stock of the faid Company, called the South-Sea Company, herein computed to amount to thirty- equa ] p ar ° ts _ w three millions eight hundred and two thoufand four hundred eighty-three Pounds fourteeen Shillings and 'farther divided an Half-penuy, as aforefaid, and the Shares of the refpective Members and Proprietors of and in the fame, by 6 Geo. 2. fhall be divided and feparated into two equal Parts or Moieties, and the fame from thenceforth are hereby c - 2S *' divided and feparated, and fhall be deemed and adjudged to be divided and feparated accordingly j any for- mer Law or Statute whatfoever to the contrary notwithstanding. IV. And be it further enaded by the Authority aforefaid, That one Moiety or Half-part of the faid lvIoiet y c(1I "'«t- Capital Stock fo divided and feparated, which Moiety or Half-part will by Computation amount to fix- sto'cIT a ' teen millions nine hundred and one thoufand two hundred forty-one Pounds feventeen Shillings and a Farthing, fhall from and after the faid twenty-fourth Day of June one thoufand feven hundred and twen- ty-three, be, and the fame from thenceforth are hereby converted into a Joint Stock, attended with cer- tain Annuities, payable out of the Funds of the faid South-Sea Company in Lieu of all the Dividends, .Profits and Advantages fuch Moiety is now intitled to, that is to fay, With Annuities, after the Rate of ■ nve Pounds per Centuyn per Annum, from the faid twenty-fourth Day 0*1 June one thoufand feven hundred and twenty- three, until and for the faid Feaft of the Nativity of Saint JohnBaptiJi one thoufand (even hundred and twenty-feven, and from thenceforth with Annuities out of the fame Funds, after the Rate of four Pounds per Centum per Annum only, and no more, until Redemption thereof by Parliament, ac- cording to the Purport and true Meaning of this Act; and that the fame Moiety -fo converted into fuch joint Stock, fhall from thenceforth be called the Joint Stock of South-Sea Annuities ; and that the other Moiety or Half-part of the faid whole Capital Stock, amounting to the like Sum of fixteen millions nine hundred and one thoufand two hundred forty-one Pounds feventeen Shillings and a Farthing, fhall remain, continue and be in the faid Company, called the South-Sea Company, as a joiit Stock in their own Right, attended with the Refidue of the faid Annuities or yearly Funds payable in the Exchequer, for their faid whole Capital as aforefaid, until the Redemption thereof by Parliament, according to the Purport and 'true Meaning of this Act, and alfo attended with the faid feveral Sums already fettled and allowed, and to be fettled and allowed for Charges of Management, and with all the other Benefits, Profits of Trade, Pri- vileges and Advantages now belonging to the faid South-Sea Company : And whereas the prefent Annui- ties or yearly Fund, now payable at the Exchequer to the faid South-Sea Company, for or in refpect of their whole Capital, exclufive of the faid Sums fettled, and allowed, or to be fettled and allowed for Charges of Management as aforefaid, doth and will until the faid Feaft of the Nativity of Saint John Baptiji one thoufand feven hundred and twenty-feven, amount to the Sum of one million fix hundred fifty-one thoufand feven hundred and thirty Pounds ten Shillings and ten Pence Halfpenny, as is before mentioned ; and the Annuity or Intereft of that Moiety which ^ hereby enacted to be converted -into a .joint Stock of the South-Sea Annuities being computed after the Rate or five Pounds per dnium per An- num, doth amount unto the yearly Sum of eight hundred forty-five thoufand fixty-two Pounds one Shil- ling and ten Pence Farthing, which being deducted out of the faid yearly-Sum of one million fix hundred Vol. V, .1 j i -fifty-
