262 C. 4. Anno fexto Georgii Regis. A. D. 1719, a 7»7.i and after-. ari( } from thenceforth after the Rate of four Pounds per Centum per Annum, till Redemption by Parliament
- £4.1. percent. accol -dirrg to the Tenor and true Meaning of this prefent A 61 (it being intended that from and after the
faid Feait of the Nativity of St. John, Baptijl one thoufand feven hundred and twenty-feven, the faid R ate of five Pounds per Centum per Annum {hall be certainly and actually reduced to the faid Rate of fo ur Pounds per Centum per Annum, until fuch Redemption;)- and for every Addition which fhall be made to their capital Stock, purfuant to this A6t, for or in refpedt of the faid Sums computed to amount in the whole to the faid Sum of four millions feven hundred fixty-fix thoufand eight hundred twenty-one Pounds fifteen Shillings andnine Pence Half-penny, or thereabouts, the fame Governor and Company, and their Succeflors, {hail have, receive and enjoy, and be intitled by virtue of this A£t to have, receive and en- joy, an Addition and Additions to their faid Annuity or yearly Fund, after the Rate of four Pounds per Centum per Annum, until and for the faid Feaft of the Nativity of Si. John Baptijl, which fhall be in the Year of our Lord one thoufand feven hundred and twenty-feven, and from thenceforth after the fame Rate of four Pounds per Centum per Annum, until Redemption by Parliament as aforefaid. When the Ad- XXXI. And be it further enacted by the Authority aforefaid, That the Addition and Additions to be ■ditjons fhall made to the prefent Annuity of the faid Governor and Company of Merchants of Great Britain, for or in commence, refpect of the Annuities, Debts and Incumbrances, which fhall be taken in, or paid ofF by them in pur- fuance of this Act, fhall commence from the quarterly Feaft-day, or Half-yearly Feaft-day, on which the Annuities or Intereft-money, for or in refpect of fuch Annuities, Debts and incumbrances, fo taken in or paid off, are payable, and which fhall laft precede fuch Payment or Subfcription thereof respectively except the Additions to be made for taking in the faid Lottery-annuities of the Year one thoufand feven hundred and ten, for which the proportional Annuity of the fame Company is to commence from Michael- mas one thoufand feven hundred and nineteen, as aforefaid. T'reafcry on XXXII. And it is hereby ena£ted, That the faid Commiffioners of the Treafury, or any three or more receiving the of them, or the High Treafurer for the Time being, from Time to Time, as he or they fhall receive the implicates, dial] f a jd Accounts or Duplicates thereof from the faid Managers and Diredtors to be conftituted by virtue of -Hd A^'d'r; 16 t '!l ' s ^^ or *" llc * 1 oi them, as aforefaid, fhall by an Internment or Inflruments in Writing under his or to the 'compa- their Hands and Seals, declare, fettle and determine, not only every fuch Addition fo to be made to the jay's Capital. capital or joint Stock of the faid Governor and Company, according to the refpective Rates or Values which fhall have been fpecified in the faid Accounts or Duplicates thereof fo tranfmitted, but alfo the feve- ral Additions which {hall, from Time to Time, be made to their Annuity or yearly Fund, in refpedt of fuch their additional Stock, as aforefaid, and likewife the Times from which the faid Additions to be made to their Annuity or yearly Fund fhall commence or have Relation in point of Payment, according to the refpe6tive Times of taking in or paying off the faid Annuities and Debts refpe6tively, by this A6t directed to be fpecified in the fame Accounts or Duplicates, as aforefaid, and according to the Purport and Every Member, true Meaning of this A6t; and that every Member of the fame Corporation (as well thofe to be incorpo- in proportion rated into the fame by virtue of this Act, as all other Members thereof) in proportion to their refpective fl° ini C*' Shares ' n the ca phal Stock fo increafed, fhall have Credit in the Books of the fame Corporation, for his, ditinthe Com- her or their Share or Proportion cf and in the whole capital Stock fo increafed from Time to Time. pany s oo s. XXXIII. And be it further enacted by the Authority aforefaid, That the faid Annuity or yearly Fund Annuity fliaU now P a y a ble to the fame Governor and Company after the Rate of five Pounds per Centum per Annum, grow due quar- from the Time to which it was laft paid at the Exchequer, until and for the faid Feaft of the Nativity of tcrly out of the St. John Baptijl which fhall be in the Year of our Lord one thoufand feven hundred and twenty-feven, Monies to anfe an d f rom thenceforth at the faid Rate of four Pounds per Centum per Annum, until Redemption by Parlia- cliar ealil" tle$ ment , according to this Act, fhall grow and be accounted due quarterly, as the fame now is, at the four therewith, moll ufual Feafts in the Year, by equal Portions (neverthelefs to be fatisfied by weekly or other Payments, as is herein after mentioned) to the fame Governor and Company, and their Succeflors, out of the Monies arifen and to arife into the faid Exchequer, of or for the particular Duties, Revenues, Funds, and other Provifions now charged or chargeable with the fame Annuity or yearly Fund, now payable after the faid Rate of five Pounds per Centum per Annum, or appropriated for Payment thereof by any Act or Acts of Parliament now in Force; and that the feveral Additions to be made to the fame Annuity or yearly Fund of the fame Governor and Company by virtue of this Act, as faft as the fame Additions refpectively fhall be fettled and determined, as aforefaid, fhall be computed and paid from the refpective Commencements thereof according to this A6t, and fhall grow and be accounted due to them and their Succeflors quarterly, at the four moft ufual Feafts aforefud, by equal Portions, at the feveral Rates by this Act prefcribed, un- til and for the faid Feaft of the Nativity of St. John Baptiji one thoufand feven hundred twenty-feven; and from and after the fame Feaft-day at the faid Rate of four Pounds per Centum per Annum, until Re- demption by Parliament, according to this Act (neverthelefs to be fatisfied by weekly or other Payments, as is hereinafter-mentioned;) and all and every the fame additional Annuities or yearly Funds fhall be charged and chargeable upon, and be paid and payable out of the Monies arifen or to arife at the faid Re- ceipt of Exchequer, of or for the particular Duties, Revenues, Funds, and other Proviiions refpectively, which were charged with Payment of the refpedtive Annuities or Debts fo taken in or paid off", as afore- The temporary faid, or were appropriated for Payment thereof; and in cafe the faid particular Duties or Revenues, or Duties conti- an y f them, are Temporary, or were impofed only for a Term or Terms of Years, which may end or nued lor ever, determine before the Redemption of the additional Annuity or Annuities intended to be charged there- upon by virtue of this A6t, then and in all and every fuch Cafe and Cafes every fuch additional Annuity, until the Redemption thereof by Parliament, according to this Act, fhall be charged upon, and be pay- able
