A.D. 1798. Anno tricesimo nono Georgii III. c. 3. 9
tended to tin*.
in order to prevent their being imposed upon by any counterfeit or forged Bills; and that all the said Parts of the said Cheques, Indents, or Counterfoils, shall be delivered back into the Exchequer, when the said Bills to be made forth by virtue of this Act shall be paid off, cancelled, and discharged.
[The Bills to be placed as Cash in the Exchequer.]
XXXIV. And it is hereby enacted, That the Commissioners of the Treasury, or any three or more of them now being, and the said High Treasurer, or any three or more of the Commissioners of the Treasury for the Time being, shall, and they are hereby respectively authorised and empowered, to cause such Bills as shall be prepared by virtue of this Act, to be placed asfo much Cash in the respective Offices of the Tellers of the said Receipt of Exchequer, each and every of which Tellers shall be severally charged with a Proportion of the said Bills which mall be lb placed in his Office respectively; any Law or Usage to the contrary notwithstanding.
XXXV. And be it further enacted, That all the said Bills to be issued as aforesaid shall be current in like Clauses in the Manner, and with fitch Privileges and Advantages, and subject to such Rules and Dire#ions, *as are MaitAd(c. prescribed and enacted by an Act of this present Session of Parliament, (intituled, An Act for continuing and ^tllill granting to his Majesty certain Duties upon Malt, Mum, Cycler, and Perry, for the Service of the Year one quei-^Bills ex- " thousand seven hundred and ninety-nine,) for or concerning the Exchequer Bills thereby authorised to be made forth; and that all and every the Clauses and Provisoes in the said last mentioned Act relating to the Currency, exchanging, or receiving the same last mentioned Exchequer Bills by any public Receivers of Aids,
Taxes, or Supplies, or in his Majesty's Receipt of the Exchequer, or for preventing the forging, counterfeiting, or altering the same Bills, or for making out new Bills in the Room of such as shall be filled up with Indorsements, lsft, burnt, defaced, or otherwise destroyed, or for making out Exchequer Bills of five thousand Pounds each, or for making out Exchequer Bills without bearing Interest, or for making them afterwards to bear an Interest, or a higher or lower Rate of Interest, from Time to Time, as the Contractors shall agree to; or for preventing any Misapplication of the Fund on which the same are charged, or any other Misbehaviour of any Officers concerned in the receiving, issuing, exchanging, paying off, or cancelling the same last mentioned Exchequer Bills; or for enabling the Commissioners of the Treasury. or the High Treasurer for the Time being, to contract from Time to Time with any Person or Persons, Body or Bodies Politick or Corporate, for Payment of the Interest of, or exchanging for ready Money, on Demand, the Exchequer Bills thereby authorised to be issued, at a Rate or Premium not exceeding four Pounds and ten Shillings ter Centum per Annum; or for preventing any Disabilities in fuph Contractors, or for making them not liable to be Bankrupts on Account of such Contracts; or for appointing a Pay matter or Paymasters for paying off or cancelline the same Exchequer Bills in due Course and Order, shall be extended and construed to extend, as well to the Exchequer Bills by this Act authorised to be made forth, except only with respect toJiich Matters which are otherwise specially provided for in this Act, as to the Exchequer Bills to be made forth in pursuance of the said Act for granting and continuing the Duties on^ Matt, Mum%
Cyder, and Perry, as amply, fully, and effectually, to all Intents and Purposes, as if the same Clauses or Provisoes had been particularly repeated and re-enacted, verbatim, in this Act.
XXXVI. And be it further enacted, That the Loans and Exchequer Billfrto be advanced or lenton the Credit of this Act shall be repaid at such Periods and in such Proportions as shall be settled and ascertained in and by any Contract to be entered into for tint Purpose by and between the Commissioners of the Treasury for the Time being, or any three or more of them, and the Governor and Deputy-Governor of the Bank of England^ on the Part of the Governor and Company of the said Bank of England, out of the Rates, Duties, and Assessments lib reby granted, if the same (half be sufficient; and the Monies which shall from Time to Time arise at the said Receipt of Exchequer, of or for the Rates. Duties, and Assessments, by this Act granted, shall, from Time to Time, as the same shall arise at the said Receipt, be issued and applied at the said Receipt for or towards pay ing off and discharging the Orders of Loan and Exchequer Bills for the Monies which shall have been lent at the said Receipt, and for satisfying the Interest thereof, at such Times and in such Proportions as aforesaid, until all the Principal and Interest payable upon such Orders of Loan or Exchequer Bills, on the Days and Times herein mentioned, shall be fully satisfied, or sufficient Monies shall be reserved in the Exchequer for the full Payment and Satisfa#ion of the same; or the Monies which shall from Time to Time arise at the said Receipt of the Exchequer, of or for the said Rates, Duties, or Assessments hereby granted, shall, at such Times and in such Proportions as aforesaid, be issued to such Paymaster by way of Imprest, and upon Account, for or towards paying off and discharging the said Exchequer Bills which shall have been made forth by virtue of this Act, in such Course as aforesaid, and for or towards such other Payments as are in and by this Act directed or allowed to be made of discharged out of the same, and for no other Use, Intent, or Purpose whatsoever.
XXXVII. And be it further enacted, That, quarterly, on the fifth Day of Jufa the tenth Day of October^ the fifth Day of January, and the fifth Day of Aprils or within ten Days after each of those Days and Times in every Year, after the passing of this Act, or sooner if there shall be Occasion, the Commissioners of the Treasury, or any three or more of them now being, or the High Treasurer, or any three or more of the Commissioners of the Treasury for the Time being, shall cause a true and perfe# Account in Writing to be taken, and attested by the proper Officers, of all the Monies which shall have been raised by Loans or by Exchequer Bills, or by any or either of those Ways or Means, for or towards the said Sum not exceeding two Millions, by this Act intended to be raised as aforesaid, and which ought to be paid and discharged before the End of each Quarter, and how much thereof shall, before the End of each Quarter, have been paid off and discharged, and how much thereof shall, at the End of each Quarter, remain un-dischargfed upon the said Orders of Loan and Exchequer Bills respectively, or upon any or either of them; and if at the End of any Quarter there shall not be, in the said Receipt of the Exchequer, sufficient Monies of the said Rates, Duties, and Assessments, hereby granted, the^Alonies so remaining unsatisfied or not discharged,
The Loans and Exchquer Fills' to be repaid at such Periods at shall be settle* by Contract, and the Money arising by this Act to be applied for that Purpose, See.
The Treasury to take an Account, quarterly, of the Money raised by Loans or Exchequer Bills; and unsatisfied Money, at the End of any Quarter, to be charged on tbr Consolidated Fund,
