Officers reduced, and grant Compensations.Widows and Children of any such Persons, whose Interests may be affected by the Discontinuance of the said Company’s Trade, or who may from Time to Time be reduced, and, under the Control of the said Board, to grant such Compensations, Superannuations, or Allowances (the Charge thereof to be defrayed by the said Company as herein-after mentioned) as shall appear reasonable: Provided always, that no such Compensations, Superannuations, or Allowances shall be granted until the Expiration of Two Calendar Months after Particulars of the Compensation, Superannuation, or Allowance proposed to be so granted shall have been laid before both Houses of Parliament.
The Particulars thereof to be laid before Parliament every Year.VIII. Provided always, and be it enacted, That within the first Fourteen sitting Days after the first Meeting of Parliament in every Year there be laid before both Houses of Parliament the Particulars of all Compensations, Superannuations, and Allowances so granted, and of the Salaries and Allowances directed to be paid to such Officers as may be appointed by the said Board as aforesaid during the preceding Year.
Company’s Debts and Liabilities charged on India.IX. And be it enacted, That from and after the said Twenty-second Day of April One thousand eight hundred and thirty-four all the Bond Debt of the said Company in Great Britain, and all the Territorial Debt of the said Company in India, and all other Debts which shall on that Day be owing by the said Company, and all Sums of Money, Costs, Charges, and Expences which after the said Twenty-second Day of April One thousand eight hundred and thirty-four may become payable by the said Company in respect or by reason of any Covenants, Contracts, or Liabilities then existing, and all Debts, Expences, and Liabilities whatever which after the same Day shall be lawfully contracted and incurred on account of the Government of the said Territories, and all Payments by this Act directed to be made, shall be charged and chargeable upon the Revenues of the said Territories; and that neither any Stock or Effects which the said Company may hereafter have to their own Use, nor the Dividend by this Act secured to them, nor the Directors or Proprietors of the said Company, shall be liable to or chargeable with any of the said Debts, Payments, or Liabilities.
While India is under Government of the Company, their Property subject to Execution.X. Provided always, and be it enacted, That so long as the Possession and Government of the said Territories shall be continued to the said Company all Persons and Bodies Politic shall and may have and take the same Suits, Remedies, and Proceedings legal and equitable, against the said Company, in respect of such Debts and Liabilities as aforesaid; and the Property vested in the said Company in Trust as aforesaid shall be subject and liable to the same Judgments and Executions, in the same Manner and Form respectively as if the said Property were hereby continued to the said Company to their own Use.
A Dividend of 10l. 10s. per Cent. per An. to be paid on Company’s Stock.XI. And be it enacted, That out of the Revenues of the said Territories there shall be paid to or retained by the said Company, to their own Use, a yearly Dividend after the Rate of Ten Pounds Ten Shillings per Centum per Annum on the present Amount of their Capital Stock; the said Dividend to be payable in Great Britain, by equal half-yearly Payments, on the Sixth Day of January and the Sixth Day of July in every Year; the first half-yearly Pay-