Qualified Perfons in Cities, &c. rated to the Duty

on Penfions, &c. may act as Commiflioners.

an Act made in the fame Seffion of Parliament, intituled, An Ad to 38 G. 3, 6. 48. alter and amend fo much of an A& passed in this prefent Seffion of Parliament, intituled, An Act for granting an Aid to His Majefly by a 'Land Tax, to be raised in Great Britain for the Service of the Year One thousand feven hundred and ninety-eight, as relates to the Quali"fication of Commiffioners; and fhall be fubject to the feveral Penalties and Forfeitures contained in the faid recited Acts respectively. IV. Provided also, and be it further enacted, That where in any City, Liberty, or Place, the Qualification of a Commiffioner to act therein fhall confift of Perfonal Eftate, it fhall be lawful for any Perfon having a Personal Estate of the Value required by the said Acts, or either of them, to act as fuch Commiffioner in all Cafes where fuch Perfon fhall have been taxed, and fhall have paid for fuch Perfonal Eftate by and upon the laft Affeffment then made for fuch City, Liberty, or Place, by virtue of any Act, for continuing and granting to His Majefty a Duty on Penfions, Offices, and Perfonal Eftates in England, paffed before the making of fuch Affeffment; any Thing in the faid Acts, or either of them contained to the contrary notwithstanding: Provided alfo, That all Perfons who fhall act as Juftices of the Peace of or for any County, Riding, Shire, or Stew artry in Great Britain, being duly qualified as aforefaid, may fuch Commiffioners, although not specially named in this Act.

CAP. CIII.

act as

An Act for further extending the Provifions of feveral Acts, for establishing the Bank of Ireland; and for empowering the Governor and Company of the faid Bank, to advance the Sum of One Million two hundred and fifty thousand Pounds, Irish Currency, towards the Service of the Year One thoufand eight hundred and eight. [25th June 1808.]

Juftices may act as Committioners

though not

Specially named.

the Bank of Ireland.

Moft Gracious Sovereign, THEREAS in purfuance of an Act paffed in the Parlia- Irish Acts, ment of Ireland, in the Twenty-firft and Twenty-fecond 21829G.3.c.16. Years of His prefent Majefty's Reign, intituled, An Act for efta- for establishing blifhing a Bank by the Name of the Governor and Company of the Bank of Ireland, the Sum of Six hundred thousand Pounds was fubfcribed and paid by Debentures iffued from His Majesty's Treafury of Ireland; and the Perfons who fubfcribed and paid the fame, were, by Letters Patent under the Great Seal of Ireland, incorporated by the Name of "The Governor and Company of the Bank of Ireland," to have perpetual Succeffion, fubject to a Pro• vifo or Condition of Redemption in the faid recited Act contained: And whereas by an Act paffed in the Parliament of Ireland, in the § 20. Thirty-first Year of His prefent Majefty's Reign, for extending 31 G. 3. c. 22, the Provifions of the faid Act of the Twenty-first and Twenty• fecond Years of His Majesty's Reign, the faid Governor and Company were empowered to receive Subfcriptions for enlarging their • aforefaid Capital Stock or Fund of Six hundred thoufand Pounds, in any Sum not exceeding the Sum of Four hundred thoufand Pounds, fo as to make their whole Capital Stock the Sum of One Million: And whereas the faid further Sum of Four hundred thou • fand Pounds was accordingly fubfcribed and paid: And whereas by

the

§ 2.

37 G. 3. c. 50.

§6,7.

§ 9, 10.

So much of

31 G. 3. c. 22. as relates to the determining of the Annuity therein

the faid recited A&t of the Thirty-firft Year aforefaid, fo much of the faid Act of the Twenty-first and Twenty-fecond Years of His prefent Majefty's Reign, as related to the ceafing and determining of the faid Corporation, was repealed; and it was provided, that the faid Corporation might be diffolved upon Twelve Months Notice after the First Day of January One thousand eight hundred and fixteen, upon the Terms and Conditions in the A&t of the Thirty-first Year aforefaid mentioned and specified: And whereas "by an Act made in the Parliament of Ireland in the Thirty-feventh Year of His prefent Majefty's Reign, for further extending the • Provifions of the faid recited Act of the Twenty-firft and Twentyfecond Years, the faid Governor and Company were empowered to receive Subfcriptions for enlarging the faid Capital Stock or Fund of One Million, in any Sum not exceeding the further Sum of Five hundred thoufand Pounds Capital Stock, fo as to make the whole Capital Stock the Sum of One million five hundred thousand Pounds; and the faid further Sum of Five hundred thousand Pounds was accordingly fubfcribed and paid; and by the faid recited A& of the Thirty-feventh Year aforefaid, it was provided that the said Sum of Five hundred thousand Pounds fhould be paid into the Receipt of His Majefty's Exchequer of Ireland as a Loan, and that there fhould be paid from the Exchequer of Ireland to the said Governor and Company an Interest or Annuity of Twenty-five thoufand Pounds, being a Sum equal to the Amount of the whole Intereft on the faid Sum of Five hundred thousand Pounds, after the Rate of Five Pounds per Centum per Annum; and also that there fhould be paid from the faid Exchequer to the faid Governor and • Company, a further Annuity of Three Pounds Twelve Shillings and • Sixpence, for every One hundred Pounds of the faid Five hundred thoufand Pounds, for Nineteen Years, from the Twenty-fourth Day of June One thoufand feven hundred and ninety-feven; and by the faid recited Act of the Thirty-feventh Year aforefaid, an Annuity or yearly Sum of Thirty thoufand Pounds was made payable to the faid Governor and Company, for the before-mentioned Sum of Six • hundred thousand Pounds: And whereas it will promote the Extenfion of publick Credit, and tend to the Furtherance of Com'merce in Ireland, if the Capital Stock of the faid Bank were increased by the Addition of a further Sum not exceeding the Sum of • One Million, and if the Term for the determining of the faid Cor'poration were extended upon the Terms and Conditions herein-after mentioned: And whereas the faid Governor and Company are will ⚫ing and have agreed to advance towards the Supply granted to Your Majefty, for the Service of Ireland, for the Year One thoufand eight hundred and eight, the Sum of One million two hundred and fifty thoufand Pounds, Irish Currency, upon the Terms and Conditions hereinafter in that Behalf mentioned:' Be it therefore enacted by the King's moft Excellent Majefty, by and with the Advice and Confent of the Lords Spiritual and Temporal, and Commons, in this prefent Parliament affembled, and by the Authority of the fame, That fo much and fuch Part of the Provifions contained in the faid recited Act of the Parliament of Ireland, made in the Thirtyfirft Year of His prefent Majefty's Reign, as relates to the determin ing of the Annuity in the faid Act mentioned, and to the diffolving of the faid Corporation of the Governor and Company of the Bank

of

repealed.

of Ireland, upon the Notice and Payments in the faid Act mentioned, mentioned, and shall be and the fame is hereby repealed; and that the faid Governor to the diffolving the faid Bank, and Company of the Bank of Ireland, and their Successors, for ever, fhall remain, continue, and be one Body Corporate and Politick, by the Name of "The Governor and Company of the Bank of Ire- Bank fhall remain land" aforefaid, and fhall for ever have, receive, and enjoy the faid a Corporation. several Annuities of Thirty thousand Pounds and Twenty-five thou fand Pounds in the faid recited A&t of the Thirty-feventh Year afore faid mentioned, and fhall also have, receive, and enjoy the faid Annuity after the Rate of Three Pounds Twelve Shillings and Sixpence for every One hundred Pounds of the faid Sum of Five hundred thoufand Pounds, for Nineteen Years from the Twenty-fourth Day of June One thousand seven hundred and ninety-feven, in the faid laft recited A&t alfo mentioned; together with all Abilities, Capacities, Powers, Authorities, Franchifes, Exemptions, Privileges, Profits, and Advantages whatsoever, to which the said Governor and Com. pany of the Bank of Ireland now are or before the paffing of this Act were entitled by the said feveral herein-before recited Acts, or any of them, and by their Charter; and the said Governor and Company, and their Succeffors, fhall be and are hereby freed and difcharged from the faid Condition of Redemption: Subject neverthelefs to the Conditions and Provifions in this prefent Act mentioned and contained.

II. Provided always, and be it further enacted, That nothing in this Act contained shall extend or be deemed or taken to extend in anywife to alter, prejudice, or affect the Conftruction, Effect, or Operation of the Act of the Parliament of Ireland, of the Thirtythird Year of the Reign of His Majefty, intituled, An Ad for the Relief of His Majesty's Popish or Roman Catholic Subjects of Ireland, touching any Right or Privilege what foever, of which His Majesty's faid Subjects are by the faid Act rendered capable.

III. And be it further enacted, That it fhall and may be lawful for the faid Governor and Company of the Bank of Ireland, and they are hereby authorized and empowered, fo foon as they shall think proper, to receive Subfcriptions from any Perfon or Perfons, Natives or Foreigners, Bodies Politick or Corporate, for enlarging their Capital Stock or Fund of One million five hundred thousand Pounds, fo as to make the whole Capital Stock the Sum of Two millions five hundred thousand Pounds, and for providing a further Sum of Two hundred and fifty thousand Pounds towards completing the afore-mentioned Sum of One million two hundred and fifty thousand Pounds, provided the Whole thereof shall be subscribed and paid on or before the Twenty-fourth Day of June One thoufand eight hundred and nine, which Subfcriptions fhall be made at the Rate of One hundred and twenty-five Pounds Irish Currency, for every One hundred Pounds of fuch additional Stock; and the Money for fuch additional Stock shall be paid in fuch Manner and Form, and by fuch Inftalments or Proportions, as the Court of Directors of the faid Bank fhall from Time to Time appoint, fo as that the Whole of the faid Subfcription fhall be fubfcribed and paid on or before the faid Twenty-fourth Day of June One thoufand eight hundred and nine; and the Capital Stock of One Million fubfcribed and paid for, shall from and after the Time of fuch Payment be deemed and taken as and for a Part of the Capital Stock of the faid Corporation; and

the

Not to affect

Irish Act,

33 G. 3. c. 21.

as to Papifts.

Bank empowered
to increase their
Capital by
One Million

additional..

Dividends fhall be paid on

additional Stock.

Preference fhall be given in Subferiptions to prefent Proprietors.

Penalty on

Perions failing in making their Payments.

the Subfcribers thereto, from and after the Time of making full Payment for fuch additional Stock, and their respective Executors, Administrators, and Affigns, fhall at all Times be Members of the said Corporation and incorporated therein, and shall be entitled unto, and have, hold, and enjoy all Benefits, Privileges, Advantages, and Immunities, and be fubject and liable to all Regulations, Rules, and Orders, to which the prefent Stockholders and Members of the faid Corporation, in refpect of the Stock held by and belonging to them are refpectively entitled, fubject, and liable unto, by the faid feveral Acts of Parliament herein-before recited, or by any other Act or Acts of Parliament, Grants or Charters what foever now in force, or by any Bye Law of the faid Corporation or otherwife howfoever; and the faid additional Stock fhall be transferrable and affignable in like Manner, and the Proprietors and Holders thereof fhall hold their refpective Shares of the faid additional Stock in like Manner as the refpective Stockholders of the said Corporation now do, and hereafter fhall hold and enjoy the refpective Sums belonging to them in the prefent Capital Stock of the faid Corporation, and the fame fhall in all Refpects be confolidated and united as One Joint Stock.

IV. And be it further enacted, That the faid Corporation fhall and may from Time to Time make and pay the like Dividends to the Proprietors of the faid additional Stock, as they shall make and pay to the Proprietors and Holders of the prefent Stock of the faid Corporation; the first of which Dividends fhall commence from fuch Time as fhall be fpecified in the Proposals or Terms to be offered for fuch Subfcription by the faid Court of Directors.

V. Provided always, and be it enacted, That the faid Court of Directors fhall and they are hereby required to give the Option and Preference in fubfcribing for the faid additional Stock, to fuch Perfons as fhall hold the Stock of the faid Bank at the Time or Times of fuch Subfcription as aforefaid, fo far as and not exceeding upon the Whole of the faid Sum of One Million, the Amount of Sixty-fix Pounds Thirteen Shillings and Four-pence per Centum on the faid prefent Capital Stock of One million five hundred thoufand Pounds, which fhall be then held by each Stockholder fo fubfcribing, and in the fame Proportion for any Sum lefs than the faid Sum of One Million, which may from Time to Time be fubfcribed for and paid; and all Executors, Adminiftrators, Guardians, and Trustees, shall be indemnified in making fuch Subfcriptions and Payments.

VI. Provided alfo, and be it enacted, That in cafe any Perfon, after having fubfcribed, fhall fail to make any of the Payments agreed, at the refpective Times appointed for making fuch Payments, then, and in every fuch Cafe all Depofits and Payments made by fuch Defaulters previous to fuch Default fhall be forfeited to and become the Property of the faid Corporation; and in cafe all the Proprietors of the faid Capital Stock of One million five hundred thoufand Pounds, fhall not fabfcribe for their refpective Proportions of the faid Strangers may be Sum of One Million, then fuch Deficiency thall be difpofed of to fuch other Perfons as fhall be willing to fubfcribe for the fame in fuch Proportions as aforefaid; and in cafe any Proprietor or Proprietors fhall refufe or neglect to fubfcribe and pay his, her, or their Share of the Monies fo to be paid at the Time or Times aforefaid, it fhall and may be lawful for the faid Governor and Company of the Bank of Ireland, and their Succeffors, not only to ftop the Share or Dividend of the

Subfcribers.

Funds,

Funds, Stocks, or Profits of the faid Company, which shall from Time to Time become payable to fuch Member or Members fo neglecting or refufing, and to apply the fame from Time to Time for or towards Payment of the Share of the Money fo called for, and which ought to have been paid by fuch Member or Members fo neglecting or refufing, until the fame fhall be fatisfied, but also to stop the Transfers or Affignments of the Share of every fuch Defaulter, and to charge every fuch Defaulter with an Intereft after the Rate of Five Pounds per Centum per Annum for the Monies fo by him, her, or them, omitted to be paid, from the Time the fame were appointed to be paid, and the Intereft thereof; and in cafe the Principal and Intereft fhall be unpaid by the Space of Three Months, then the faid Governor and Company of the Bank of Ireland fhall have Power to fell fo much of the faid Stock of every fuch Defaulter as shall fatisfy and pay the fame, rendering the Overplus to the Proprietor, if any be.

VII. And be it further enacted, That from the Time the faid Sum of One Million shall be subscribed and paid in under the Provifions of this Act, the faid Corporation may borrow or give Security for any Sum or Sums, fo that they fhall not owe at any one Time more than a Sum equal to the faid Sums of Two millions five hundred thoufand Pounds, and of Two hundred and fifty thousand Pounds; any Thing in the faid herein-before recited Acts or any of them contained to the contrary notwithstanding.

When One Million is fubfcribed, borrow Money.

Corporation may

to Government by Inftalments.

VIII. And be it further enacted, That it fhall be lawful for the Bank empowered faid Governor and Company of the Bank of Ireland to advance and to lend lend to His Majefty, at the Receipt of the Exchequer of Ireland, 1,250,000l. the afore-mentioned Sum of One million two hundred and fifty thoufand Pounds, Irish Currency, any Thing contained in any Act or Acts of Parliament to the contrary notwithstanding; and that the Whole of the faid Sum of One million two hundred and fifty thoufand Pounds, fhall be paid on or before the Fourth Day of January One thoufand eight hundred and nine, by fuch Inftalments as are hereinafter mentioned; that is to fay, Ten Pounds per Centum on or before the Sixth Day of June One thoufand eight hundred and eight; the further Sum of Ten Pounds per Centum on or before the Twen tieth Day of June then next following; the further Sum of Ten Pounds per Centum on or before the Ninth Day of July then next following; the further Sum of Ten Pounds per Centum on or before the Ninth Day of August then next following; the further Sum of Ten Pounds per Centum on or before the Tenth Day of September then next following; the further Sum of Ten Pounds per Centum on or before the Tenth Day of October then next following; the further Sum of Ten Pounds per Centum on or before the Tenth Day of November then next following; the further Sum of Ten Pounds per Centum on or before the Tenth Day of December then next following; and the remaining Sum of Twenty Pounds per Centum on or before the Fourth Day of January One thoufand eight hundred and nine; and the faid Sum of One million two hundred and fifty thoufand Pounds, or any Part thereof, as the fame fhall be fo paid into the Receipt of the Exchequer of Ireland, thall be a Loan to His Majefty towards raifing the Supply granted to His Majefty, for the Service of His Majefty in Ireland for the Year One thoufand eight hundred and eight.

48 Geo. III.

Y

IX. And