< A. D. 1749' Anno vicefimo fecundo Georgii II. C. 23. 143 CAP. XXIII. An AA to charge the Sinking Fund with the Payment of Annuities in Difcharge of Navj', Victualling and Tranfporc Bills, and Ordnance Debentures, to the Amount therein men- tioned. Afrj'} Gracious Sovereign, t -ottHEREAS notwithfiandirig the many and great Supplies granted to your Majefty for carrying on ' 'V the late War, the following Debts and Deficiencies (amongft others) remain ftill due and unpro- ' vided for (that is to fay) To difcharge the Bills payable in Courfe of the Navy and Viftualling Offices,
- 'and for Tranfports, which were made out between the firft Day of January one thoufand feven hundred
.* and forty-feven, and the thirty-firfl: Day of December one thoufand kvzw hundred and forty-eight, ths
- 'Suin of three millions at the leaft; and to difcharge the Debentures payable out of the Office of Ord-
nahce, which were made out on or before the faid thirty-firft Day oi December one thoufand feven hun- '■ dred and forty-eight, the Sum of two hundred thirty thoufand three hundred eighty-two Pounds five
- . Shillings and one Penny, amounting together iir the Whole to the Sum of three millions two hundred
thirty thoufand three hundred eighty-two Pounds five Shillings and one Penny ; many of which Debts carry an Intereft after the Rate of five Pounds per Centum per Annum :' Now we, your Majefty's moil du- tiful and faithful Subjects, the Commons of Gr^i?; 5?7Vtf//z in Parliament afTembled, being defirous to do all that becomes dutiful and faithful Subjeils to render happy and glorious the Reign of the beft of Sovereigns, and having taken into our ferious Confideration the faid Debts and Deficiencies, and the many ill Confe- quences which may arife to the Publick thereby (if not timely remedied) and being heartily zealous to -- preferve the Honour of your Majefty and the Nation, and to eftablifh publick Credit, have refolved (in order to make a Provifion for the faid Debts and Deficiencies, amounting to the faid Sum of three millions two hundred thirty thoufand three hundred eighty-two Pounds five Shillings and one Penny) to give and grant unto your Majefty fuch Supply as is hereafter mentioned, for paying an Intereft or Annuity, after the Rate of four Pounds /)cr Centum per Annum, for the faid Principal Sum of three millions two hundred thirty thoufand three hundred eighty-two Pounds five Shillings and one Penny, in lieu of all other Intereft, until the fame fcall be redeemed and paid off", in Manner hereafter mentioned : And that a good, fure and lafting Fund may be fettled and eftablifhed for paying the faid Intereft or Annuities, after the faid Rate of four Pounds /)«r Centum per Jmuun, by half-yearly Payments, we do give and grant to your Majefty, your Heirs and Succeffors, for the Purpofes aforefaid, fo much Monies out of the Surplultes, Exceftes or Overplus Monies, commonly called The Sinking Fund, as fliall be fufficient to fatisfy and pay the faid Annuities, in Manner herein after-mentioned ; and do moft humbly befeech your Majefty to accept thereof ; and that it may be eirafted ; and be it enafted by the King's moft Excellent Majefty, by and with the Advice and Con- fent of the Lords Spiritvial and Temporal, and Commons, in this prefent Parliament aflembled, and by the Authority of the fame. That the Annuities which by this Aft fhall be granted and made payable, in refpeft Annuities of the faid Principal Sum of three millions two hundred thirty thoufand three hundred eighty-two Pounds chargeable on five Shillings and one Penny, until the Redemption thereof by Parliament, in Manner hereafter mentioned, the Principal fhall, from and after the Feaftof the Annunciation of the Bleffed Virgin Afctry one thoufand feven hundred ^""^ °^ and forty-nine, be charged and chargeable upon, and payable out of the Monies which, from and after the *'/'o'be^a'i/'* faid Feaft Day, fhall from time to time arife, and be remaining in the Receipt of his A4ajefty's Exchequer, cut'of the'sink- bf or for the laid Surpluffes, Excefies or Overplus Monies, commonly called The Siniing Fund (after pay- ingFund. ing or referving fufficient to pay all fuch Sum and Sums of Money as have been direfted by any former Aft ox Afts of Parliament to be paid out of the fame) and the faid SurpluiTes, Exceffes or Overplus Monies, are hereby appropriated for that Purpofe accordingly. ' II. And whereas it is the true Intent and Meaning of this Aft, that all the Bills, payable in Courfe out ' ' of his Majefty 's Offices of the Navy, or Viftualling, or for Tranfports, which were dated or made out ' in thofe Offices on or before the faid thirty-firft Day o^ December one thoufand feven hundred and forty- ' eight, not exceeding the faid Sum of three millions, fhall be carried to the Trcafury of his Majefty 's Na- ' vy, to be marked and certified to the Governor and Company of the Bank o^ England ; and alfo that all ' the Debentures, payable out of his Majefty's Office of Ordnance, which were dated on or before the ' faid thirty-firft Day of December one thoufand feven hundred and forty-eight, not exceeding the laid Sum
- of two hundred thirty thouiand three hundred eighty-two Pounds five Shillings and one Penny, fhall be
' carried to the Treafurer of his Majefty's Office of Ordnance, to be certified by him to the faid Governor ' and Company of the Bank of England; and that the Proprietors of fuch Bills and Debentures fhall, in. ' refpeft of the Principal Sums contained in every fuch Bill or Debenture, together with the Intereft there- ' upon, computed to the twenty-fifth Day of jM^rcA one thoufand feven hundred and forty -nine, be inti- ' tied to an Annuity after the Rate of four Pounds per Centum per Annum, to commence from the faid Feaft '■ of the Annunciation of the BlcflTed Virgin Mary one thoufand feven hundred and forty-nine, payable ' half yearly, and be charged on the faid Surpluffes, Excefl'es or Overplus Monies, commonly called The
- Si'ikin^ Fund, and transferrablc at the Bank of ^n^/irw/, until redeemed by I'arliament ;' Be it therefore '^'•^-^*" "^^
.enafted by the Authority aforefaid, That it fliall and may be lawful to and for the Treafurer of his Maje- o^ina'nTe'lo* fty's Navy for the time being, to take in and recvive from all and every Perfon and Perfons, Natives or p"o- ta'ke'in all Nj- . reigners. Bodies Politick or Corporate, who are or fhall be poffcfled of, interefted in, or intitled unto any vj, Viauai-inj "fuch Navy, Viftualling orTranfport Bills, all fuch Bills as any fuch Perfon or Perfons fl.-.all, on or before and Tranf^nc the twentieth Day o( April one thoufand (even hundred and foity-nine, deliver to fuch Treafurer, .who is Bills, anJOrd. hereby authorized and required to mark and cancel every fuch 2,ill, and certify the fsme to the faiil Gover- "1",',!^" before 3 jnor io Ai-ril. t-igj
