and Company of the faid Allowances hereafter made for circulating the faid Exchequer Bills, that then, and not till then, the faid Corporation of the Governor and Company of the Bank of Corporation to England fhall ceafe and determine, but till then, the faid Governor and Company shall continue a Corporation, and shall have and enjoy all the Powers and Privileges they are now entitled unto by virtue of any Chaiter, Act or Acts of Parliament heretofore granted or made. determine. Ann. c. 13. Certificate. 5 Ann. c. :3. Bank entited to Annuity o 106,5011. 38. gd, out of the VIII. And whereas the Exchequer Bills which were made forth in pursuance of the faid Act of the fifth Year of Her Majefty's Reign, for Her Majefty's Supply, did and do amount to the faid full Sum of Fifteen hundred thoufand Pounds, and the quarterly Bills authorized to be made forth in pursuance of the fame Act, for the faid Rate of Four Pounds ten Shillings per Centum per Annum, and the Allowance thereupon, until and for the Quarter ended at Lady Day One thousand leven hundred and ◄ nine inclufive, do amount to the further Sum of One hundred twenty-three thousand three hundred thirty-feven Pounds eighteen Shillings and one Penny Halfpenny; in both, to One million fix hundred twenty-three thoufand three hundred thirtyfeven Pounds eighteen Shillings and One Penny Halfpenny, as by a Certificate figned by the Auditor of the Receipt of Her • Majefty's Exchequer, bearing Date the first Day of April One thoufand feven hundred and nine doth appear; and the Interest ⚫ of the faid Sum of One million fix hundred twenty-three thousand three hundred thirty-feven Pounds eighteen Shillings and one Penny Halfpenny, after the Rate of Six Pounds fer Centum per Annum for Six Quarters, to be reckoned from Lady Day One thousand feven hundred and nine to Michaelmas One thoufand feven hundred and ten, being computed and made principal at the End of each Quarter doth amount to One hundred fifty-one • thousand fix hundred eighty-nine Pounds nineteen Shillings and nine Pence more; and being added to the Sum laft mentioned, the whole will amount to the Sum of One million feven hundred ferenty-five thousand twenty-feven Pounds feventeen Shillings ten Pence Halfpenny, for which an Annuity or yearly Fund, computed after the Rate of fix Pounds per Centum per Annum, doth amount to One hundred and fix thoufand five hundred and one Pounds thirteen Shillings and five Pence per Annum : Now, for the Encouragement of the faid Governor and Company of the Bank of England, by this and the faid former Acts established, as aforefaid, to pay off, difcharge, and cancel all the Exchequer Bills which have been iffued, or were authorized to be issued by the faid Act of the fifth Year of Her Majefty's Reign, as aforefaid; and to the End the faid Governor and Company, and their Succeffors, may have a competent Recompence and Confideration for fo doing, and for their faid Allowance after the Rate of Four Pounds ten Shillings per Centum per Annum, and for all their Demands relating thereunto, according to the true meaning of this Act; We your Majefty's faid dutiful and loyal Subjects, the faid Commons of Great Britain in Parliament affembled, do humbly pray that it may be enacted; and be it enacted by the Authority aforefaid, That from and after the faid Feast of Saint Michael the Archangel which shall be in the Year of our Lord One thousand seven hundred Duty on Hues, and ten, the faid Governor and Company of the Bank of England, payable quai erly. by by this and the faid former Acts established, as aforefaid, and their one Treafurer, &c. of Exchequer, to fign Orders for Payment. IX. And for the better and more regular Payment of the faid Annuity of One hundred and fix thousand five hundred and Pounds thirteen Shillings and five Pence, to the faid Governor and Company of the Bank of England, and their Succeffors for ever, (fubject as aforefaid) an Order or Orders fhall be tigned by the Treasurer and Under Treafurer of the Exchequer, or any Three or more of the Commiffioners of the Treasury for the Time being, and after the figning thereof, the fame shall be firm, good, valid, and effectual in the Law, according to the Purport and true Meaning thereof, and of this Act, and fhall not be determinable by or upon the Deaths or Removal of any Treasurer or Under Treasurer of the Exchequer, or any Commiffioner or Commiffioners of the Treafury, or by or upon the Determination of the Power, Office, or Offices of them, or any of them; nor fhall any Not revocable. Lord High Treasurer of Great Britain, Treafurer of the Exchequer, or any Commiffioners of the Treasury now or for the Time being, have Power to revoke, countermand, and make void fuch Order fo figned, as aforefaid. X. And for the more speedy Payment of the faid Annuity or yearly Sum of One hundred and fix thousand five hundred and one Pounds thirteen Shillings and five Pence, to the said Governor and Company as aforefaid; it is hereby declared and enacted, That Payments of Annuity to be made weekly, fo as not to exceed Quarterly weekly Payments. Bank may affign the yearly Annuity, Annuity a Per weekly or otherwife, as the Money of the faid Duties fhall from Time to Time be brought into the Exchequer for Payment of the faid Annuity of One hundred and fix thousand five hundred and one Pounds thirteen Shillings and five Pence, the fame fhall and may be iffued upon the faid Order or Orders for or towards the difcharging of the faid Annuity, to grow due for and at the End of the Quarter in which fuch Payments fhall be made, fo as fuch weekly or other Payments do not exceed the Sum of the quarterly Payment which should grow due for or at the End of every fuch Quarter refpectively. XI. And be it enacted by the Authority aforefaid, That it fhall and may be lawful to and for the faid Governor and Company of the Bank of England and their Succeffors, at any Time or Times, by Writing under their Common Seal, to affign the faid Annuity or Yearly Sum of One hundred and fix thousand five hundred and one Pounds thirteen Shillings and five Pence, or any Part thereof, or any Interest therein, to any Perfon or Perfons whatsoever, and fo toties quoties, and no fuch Affignment fhall be revocable, fo as an Entry or Memorandum thereof be made in the Books to be kept for that Purpose in the faid Office of the Auditor of the Receipt. XII. And it is hereby further enacted, That the faid Annuity fonal Eftare, &c. of One hundred and fix thousand five hundred and one Pounds thirteen Shillings and five Pence per Annum, and every Part thereof, fhall be adjudged to be a perfonal and not a real Estate, and fhall not be liable to any Foreign Attachment; any Law or Custom to the contrary notwithstanding. Duty on Houfes conti ued for difcharging the Annuities. XIII. And for the better fecuring the faid Annuity of One hundred and fix thoufand five hundred and one Pounds thirteen Shillings and five Pence per Annum, unto the faid Governor and Company of the Eank of England, by this and the faid former Acts eftablished, as aforefaid; it is hereby enacted and declared by the Authority aforefaid, That fuch Duties on Houfes, and fuch Remains and Arrears of Houfe-money, as by the faid Act of the fifth Year of her Majefty's Reign were charged with the said Allowance of four Pounds ten Shillings per Centum per Annum, fhall continue and be payable to her Majefty, her Heirs and Succeffors, for fatisfying and difcharging the faid Annuity of One hundred and fix thousand five hundred and one Pounds thirteen Shillings and five Pence per Annum, and shall be raised, levied, received, iffued, accounted for, appropriated, and applied thereunto, under the fame Rules, Directions, Penalties, Forfeitures, and Disabilities, as are prescribed by the faid Act of the fifth Year of her Majefty's Reign, touching the railing, levying, collecting, iffuing, appropriating, applying, and accounting for the fame, neverthelefs freed and discharged of and from the Provifo or Condition of Redemp tion, which was soontained in the faid Act of the fifth Year of her Majefty's Reign, and all other Provifoes and Conditions of Redemption whatsoever (the Provifo or Condition hereafter in this Act contained for redeeming the faid Duties on Houfes, and the faid Annuity payable out of the fame only excepted); the faid Act of the fifth Year of her Majefty's Reign, or any Thing therein contained to the contrary notwithft nding. [See 2 G.2. c.3.] XIV. Provided always, and it is hereby enacted by the AuNotice, and Re- thority aforefaid, That at any Time, upon One Year's Notice to On 12 Months payment of the the fid Governor and Company, or their Succeffors, and upon 1,775,0271. 179. full Payment to them of the faid Sum of One million feven hun- rod ob. Annuity to cease; dred seventy-five thousand twenty-feven Pounds Seventeen Shillings and Ten pence Halfpenny, and of all Arrears of the faid Annuity of One hundred and fix thousand five hundred and one Pounds Thirteen Shillings and Five-pence per Annum, if any shall be then dae, then and not till then, the faid Annuity of One hundred and fix thousand five hundred and one Pounds Thirteen Shillings and Five-pence per Annum fhall from thenceforth ceafe and determine; and then alfo the faid Duties on Houses fhall be understood to be and the faid redeemed by Parliament, and fhall not be iffued, paid, or applied to any other Ufe or Purpose whatsoever, but by Authority of to be redeemed. Parliament; any Thing herein contained to the contrary thereof in anywife notwithstanding. Duties on Houle: to be underfood XV. Provided nevertheless, That nothing in this Act contained Original Fund, for er concerning the Redemption of the faid Duties on Houses, &c. may be reor the faid Annuity hereby charged thereupon, fhall in anywife deemed without Redemption of prevent or hinder the Redemption of the faid original Fund of the Annuity. One hundred thoufand Pounds per Annum, pursuant to the abovefaid Provifo in that Behalf, or of any the Funds hereinafter fettled, for circulating the Exchequer Bills hereafter to be made out. in pursuance of this Act, but that the fame respectively may be redeemed from the faid Governor and Company, or their Succeffors, according to the refpective Provifoes or Conditions in this Act contained for thofe Purpofes, without Redemption of the faid Annuity of One hundred and fix thousand five hundred and one Pounds Thirteen Shillings and Five-pence per Annum. "And to the End all the faid Exchequer Bills which have 5 Ann. c. 13"been iffued by or in purfuance of the faid A&t of the Fifth "Year of Her Majefty's Reign, which amounted, as aforefaid, to "Fifteen hundred thousand Pounds for Her Majefty's Supply, "and to One hundred twenty-three thousand three hundred thirty 86 feven Pounds Eighteen Shillings and One Penny Halfpenny, in "Quarterly Bills, computed to Lady Day One thoufand feven "hundred and nine, as aforefaid, may be fpeedily paid off, difcharged, and cancelled; and that Her Majefty and Her Exche quer may be effectually difcharged of and from all Demands. "of any Quarterly Bills which were intended to be iffued by that "Act, after Lady Day One thousand seven hundred and nine, "until and for the Quarter to end at Michaelmas One thousand "feven hundred and ten inclufively; and that the faid Duties on "Houfes by this Act made a Security for Payment of the faid Annuity of One hundred and fix thoufand five hundred and «< one Pounds Thirteen Shillings and Five-pence per Annum, may be free and clear from all Pretences to the faid former Al"lowance of Four Pounds Ten Shillings per Centum per Annum, " and all other Incumbrances what foever;' It is hereby provided " and enacted, &c. Bank to deliver up all Exchequer Bills in "their Hands on 31st March 1709, to be cancelled, and discharge "all the Rest, as faft as they can be gotten in. Treasury to fix a "peremptory Day, after 24 June, for cancelling the Remainder. " $16. Bills loft, &c. before 31 March 1709, on Oath before a "Baron, and Security, Bank to pay the fame, &c. § 17. Allow"ance of 41. 10s. per Cent. determined. § 18. Bills to be issued "out at the Treasury, not exceeding 2,500,000l. § 19. Such Recital of 6 Ann. c. 22. relating to the Two-third Subfidies. 9 & 10W.3.c.23. I Ann. ftat. I. C. 7. "Bills to bear Intereft at 2d. per Diem for every 10cl. § 20. "Bank to have an Allowance of 31. per Gent for circulating, &c. "But fuch Allowance to ceafe in Proportion as the faid Bills "fhall be discharged and cancelled. § 21. 6 ་ • XXII. And for the Encouragement of the faid Governor ⚫ and Company of the Bank of England, by or in pursuance of this and the faid former Acts conftituted as aforelaid, and their Succeffors, to undertake the Circulation not only of the faid Bills, not exceeding Two millions five hundred thousand Pounds, to be iffued for Her Majefty's Supply as aforefaid, but also of the Quarterly Bills to be made forth in fuch Manner and Form · as are hereinafter mentioned; and to the End a fufficient Fund may be fettled, and Provision made, as well for the Payment of the Intereft after the Rate of Two-pence ter Cenium per Diem, to be born upon all the Bills to be issued in pursuance of this Act, and the Premium or Allowance, after the Rate of Three Pounds per Centum per Annum, which the faid Governor and Company, and their Succeffors, are to receive for circulating the fame in the Manner and Form hereinafter expreffed, until all the faid Bills to be iffued in pursuance of this Act fhall be paid off and cancelled; and for establishing a fufficient Fund ⚫ for paying off and cancelling all the Exchequer Bills to be iffued forth in pursuance of this Act in a reasonable Time;' We Your Majefty's faid dutiful and loyal Subjects the Commons of Great Britain in Parliament affembled, do further give and grant unto Your Majefty the feveral Subfidies, Duties, Impofitions, and Sums of Money hereinafter mentioned; and do most humbly befeech Your Majefty that it may be enacted, and be it enacted by the Authority aforefaid, in Manner following, that is to fay, Whereas by an Act made in the Sixth Year of Her Majefty's Reign, for continuing (amongst other Things) the Duties called the Twothird Subfidies of Tonnage and Poundage, it was enacted, That (over and above the Subfidies and other Payments therein • mentioned) there should be paid to Her Majefty One other Subfidy called Tonnage, for and upon all Wines which from and after the Seventh Day of March One thoufand feven hundred and eight, at any Time or Times within or during the Space of Three Years from thence next or immediately enfuing, fhould ⚫ be imported or brought into Great Britain, that is to fay, Twothird Parts of fuch or the like feveral and respective Duties as by an Act of the Ninth Year of the Reign of His faid late Majesty King William the Third, were granted to His Majefty during his Life, and by an Act of the First Year of Her Ma jefty's Reign, are continued and payable during Her Majefty's Life, for and upon any Kind of Wine or Wines refpectively; ⚫ and One other Subfidy called Poundage, of all Manner of Goods and Merchandizes that fhould be imported or brought into • Great Britain, at any Time or Times from and after the faid Seventh Day of March One thousand seven hundred and eight, ⚫ within or during the faid Term of Three Years, by way of Mer chandize, that is to fay, Two-third Parts of fuch or the like feveral and refpective Duties as by the faid Act of the Ninth • Year of His faid late Majefty's Reign were granted, and by the faid Act of the First Year of Her Majefty's Reign continued, and payable for and upon the fame Goods and Merchandizes re• fpectively |
