A. D. 1744. Anno decimo feptimo Georgii IT. C. 17. S35 Applications and Purpofes, as fhould by any future Aft or Af.s of Parliament be dircfted or appointed : ' And whereas in and by_ one other Aft made and patted in the fame Scffiion of Parliament intituled. An i6Cco.2.c.ij. ' AH for raifing by Annuities, and a Lottery, in Manner therein ment'rjned, the Sum of one million tinbt huri- f dred ihoufand Pounds, at three Pounds per Centum per Annum, for the Serviee of the Year otn thwj, , hundred and forty-three, it was amongft other Things enack-d, That the l'< vera! and rtfpedtive Annu. ' after the Rate of three Pounds per -Centum per Annum, which by the faid Act were granted and n
- payable from the refneftive Times therein fpecified, in refpeft of the principal Sum of one n i.lion eigrTt-
'< hundred thoufand Pounds, authorized by the faid Act, to he advanced and paid, until Redemption ' thereof by Parliament, in Manner therein mentioned, fhould be charged and chargeable upon, and pay"- c able out of the Monies which mould from Time to Time arife, and be remaining in the R 01 ipt of lift ' Majefty's Exchequer, of or for the Rates and Duties on Low Wines, Spirits and StfdrjgiWatei - ' granted to his Majefty by the before recited Act of Parliament, and the fame were thereby appnjprfati ' for that Purpofe accordingly: And it is thereby provided and enaccecj, That in cafe there iha I ' Surplus or Remainder of the Monies arifing by the faid Rates or Duties, after the faid feveral and ' fpeftive Annuities, and all Arrears thereof are fatisfied, or Monies fufficient fhall be referved for that ' Purpofe; fuch Surplus or Remainder fhall from Time to Time be referved for the Difpofition ofParli-
- ament, and fhall not be iffued but by Authority of Parliament, and as fhall be directed by future Aft
' or Afts of Parliament:' Now we, your Majefty's moft dutiful and loyal Subjects, the Commons of Great Britain in Parliament aflembled, being defirous to raife the neceiiary Supplies which we have cheerfully granted to your Majefty, in the eafieft Manner we are able, for the Benefit of your Subjects, have freely and voluntarily given and granted, and by this Aft do give and grant unto your Majefty the Surplus or Remainder of the Monies arii'en or to arife, by the faid Rates and Duties on Spirituous Liquors, granted to your Majefty by the faid firft herein in Part recited Aft of the laft Seffion of Parliament, in- tituled, An Acl for repealing certain Duties on Spirituous Liquors, and on Licences for retailing the fame; and for laying other Duties on Spirituous Liquors, and on Licences to retail the faid Liquors; and which by the faid Aft laft herein in Part recited, intituled, An Acl for raifing by Annuities, and a Lottery, in Manner therein mentioned, the Sum of one million eight hundred thoufand Pounds, at three Pounds per Centum per Annum, for the Service of the Tear one thaufakct feven hundred and forty-three, were referved for. the Difpo- fition of Parliament, after the feveral Annuities charged thereon are fatisfied ; and do moft humbly be- feech your Majefty that it may be enafted, and be it enafted by the King's moft Excellent Majefty, by and with the Advice and Confent of the Lords Spiritual and Temporal, and Commons, in this prefenr Parliament aflembled, and by the Authority of the fame, That the faid Surplus or Remainder of the Mo- Difpofition of nies arifen, or which fhall from Time to Time arife by the faid Rates and Duties on Spirituous Liquors, the Surplus Mo- granted by the faid Aft of the laft Seffion of Parliament firft herein in Part recited, after paying or refer- "h^Ou'ti^on 01 " ving from Time to Time at the Receipt of his Majefty's Exchequer, Money fufficient to fatisfy and pay Spintuous Li- the feveral and refpeftive Annuities charged on the faid Rates and Duties, by the faid laft in Part recited quors. Aft of the fameSeffion, fhall at the faid Receipt of Exchequer be kept diftinftly and apart from all other Branches of the publick Revenues, and the fame fhall be and are hereby declared to be a Fund and Secu- rity in the firft Place for fatisfying and paying the Annuity by this Aft charged thereupon, in Manner herein after mentioned; and afterwards of all fuch further Annuities as fhall be made payable out of the fame, by any future or other Aft of Parliament of this Seilion, until Redemption thereof by Parliament, and for no other Ufe, Intent or Purpofe whatfoever. ' II. And whereas in and by one Aft of Parliament made and paffed in the third Year of his prefent Ma- 3 Geo. 2. c. 14;
- jefty's Reign, intituled, An Ail for reducing the Annuity or Fund of the United Eaft India Company, and
' for afcertaining their Right of Trade to the Eaft Indies, and the Continuance of their Corporation for that Pur-
- pofe upon the Terms therein mentioned, it was amongft other Things enafted, That the United Company
- of Merchants of England trading to the Eaff Indies, fhould advance and pay into the Receipt of his Ma-
' jefty's Exchequer, on or before the twenty-fourth Day of December one thoufand feven hundred and 'thirty, the Sum of two hundred thoufand Pounds, to be applied towards the Supplies granted to his ' Majefty for the Service of the Year one thoufand feven hundred and thirty, for which no Intereft fhould 4 be ever payable, nor any Addition be made to their then Capital Stock, or Debt from the Publick on ' account of the fame, nor the fame or any Part thereof be repayable to the faid United Company : And ' it was thereby alfo enafted, That from and after the twenty-ninth Day of September, which fhould be ' in the Year of our Lord one thoufand feven hundred and thirty, and not before the Annuity or yearly
- Fund of one hundred and fixty thoufand Pounds, payable to the faid United Company, fhould be re-
' duced to an Annuity or yearly Fund of one hundred and- twenty-eight thoufand Pounds, in refpeft of ' their then Capital Stock, or Debt of three millions two hundred thoufand Pounds, which reduced An- ' nuity or yearly Fund fhould be and remain charged upon, and paid and payable from Time to Time ' out of the fame Duties and Revenues, in the fame Manner, and by the like weekly or quarterly Pay-
- ments, and with the fame Provifions for making good any Deficiencies in the faid reduced Fund, as
' their then Annuity was charged on or provided for, to be paid, until fome new or other Provifton 4 fhould be made by Parliament, with Confent of the faid United Company for the fame, fubjeft to Re- ' demption upon one Year's Notice to be given by Parliament, after the twenty-fifth Day of March,
- which fhould be in the Year of our Lord one thoufand feven hundred and thirty-fix, upon the Expira-
- tion of the faid Year, and upon Repayment by Parliament of the faid whole Capital Stock, or Debt of
' three million two hundred thoufand Pounds unto the faid United Company, by Payments not lefs than
- five hundred thoufand Pounds at a Time, and alfo of all Arrears of their faid reduced Annuity or yearly
- Fund of one hundred and twenty-eight thoufand Pounds, which fhould be due at the End of the laid
' Yeah.
