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of Exchequer Bills to be made out for any Sum or Sums of Monet not exceeding in the Whole the said Sum of Three Millions, to bear Date on the Day or Days of the Advance of the said Sum of Three Millions, in the same or like Manner, Form, and Order, and accord.

ing to the same or like Rules and Directions as in and by an Act 48 G. 3. c. 1. passed in this present Session of Parliament, are or shall be prescribed,

concerning Exchequer Bills, and for making permanent Regulations

for making and issuing thereof. No Alteration II. Provided always, and be it further enacted, That during the shall be made

Period the said Sum of Three Millions shall continue so advanced by in the Usage of

o the said Governor and Company, no Alteration shall be made in the permitting the Bank to withdraw Usage established at the Exchequer of permitting the said Governor the Money from and Company to withdraw the Monies in the Receipt of the Ex. the Exchequer, chequer upon the Security of Exchequer Bills, or Notes of the said &c.or in keeping Governor and Company of the Bank of England, to the full Amount Accounts.

of such Monies so withdrawn, being deposited in the Chests of the Tellers of the Exchequer by the said Governor and Company, nor shall any of the Accounts now by Law directed to be kept at the Bank of England, be withdrawn from thence during the above Pe.

riod. Provisions of Act III. And be it further enacted, That all and every the Clauses, of this Session, Provisoes, Powers, Privileges, Advantages, Penalties, Forfeitures, (48 G.3.6.1.)

and Disabilities contained in the said lait-mentioned Act relating to applied to faid

Exchequer Bills, except as far as the same may be altered by this Act or be contrary to any of the Provisions thereof, shall be applied and ex. tended to the Exchequer Bills to be made out in pursuance of this Act, as fully and effectually to all Intents and Purposes as if the same had been originally authorized by the last-mentioned Act, or as if the faid several Clauses or Provifoes had been particularly repeated and re

enacted in the body of this Act. No Interest on IV. And be it further enacted, That no Interest whatsoever shall the laid Bills.

be payable upon or by virtue of the Exchequer Bills to be made out in pursuance of this Act; and that the Whole thereof shall bear Date the Day or Days of the Advance of the said Sum of Three Mil. lions, and be made payable on the Expiration of Six Months after

the Ratification of a Definitive Treaty of Peace. Said Exchequer V. And be it further enacted, That all such Exchequer Bills, and Bills charged on all Charges incident to or attending the fame, shall be and are hereby the first Supplies after Peace;

es charged and chargeable upon, and Thall be repaid or borne by or out of or on Failure the first Aids or Supplies which, after the Ratification of a Definitive thereof, out of Treaty of Peace, shall be granted by Parliament for the Services of the Consolidated the then current Year; and in case sufficient Aids or Supplies for that Fund.

Purpose shall not be granted before the Expiration of Six Months next after the Ratification of a Definitive Treaty of Peace, then all the said Exchequer Bills, with the Charges incident to or attending the same, shall be and are hereby charged and chargeable upon such Monies as at any Time or Times at or after such Period shall be or remain in the Receipt of the Exchequer of the said Consolidated Fund (except such Monies of the said Consolidated Fund as fall then be appropriated to any particular Use or Uses, by any Act or Acts of Parliament in that Behalf); and such Monies of the said Confolidated Fund shall and may be issued and applied, as foon as the same can be regularly stated and ascertained, for and towards paying off, cancelling, and discharging such Exchequer Bills and Charges, until the Whole of them Thall be paid off, can

celled,

celled, and discharged, or Money fufficient for that Purpose be kept and reserved in the Exchequer, to be payable on Demand to the respective Proprietors thereof.

VI. Provided always, and be it further enacted, That whatever Repayment to Monies shall be fo issued out of the said Consolidated Fund, shall from the Consolidated Time to Time be replaced by and out of the first Supplies to be then Fund. after granted by Parliament ; any Thing herein contained to the contrary notwithstanding,

VII. Provided also, and be it further enacted, That in Case Pro. Interest on faid vibon shall not be made by Parliament for Payment of the Exche. Fxchequer Bills, quer Bills to be issued in pursuance of this Act, so that the same shall from 6 Months be fully paid and discharged on or before the Expiration of Six after Peace, . Months next after the Ratification of a Definitive Treaty of Peace, 41 then and in that Case the said Exchequer Bills, or such Part thereof as shall then remain unpaid, shall, from and after the said Period, bear an Interest of Four Pounds Ten Shillings per Centum per Annum ; and such Interest is hereby charged and chargeable upon, and shall be borne and paid by and out of the fame Fund, as the principal Money payable by the said Exchequer Bills is by this Act charged and chargeable upon; any Thing herein contained to the contrary thereof in anywise notwithstanding.

41. i

.

to authorizecions, a PropotPayment of d for regulating

thorize the advancinition of the Balance med Dicente Bank of Engl Lottery Prizeanagement of the 808.]

CA P. IV.
An Act to authorize the advancing, for the Publick Service,

upon certain Conditions, a Proportion of the Balance remain-
ing in the Bank of England for Payment of Unclaimed Dia
vidends, Annuities, and Lottery Prizes ; and for regulating
the Allowances to be paid for the Management of the Na-
tional Debt.

[27th February 1808.] • Moft Gracious Sovereign, "W HEREAS an Act passed in the Thirty-first Year of the 31 Geo. 3. c. 32.

W Reign of His, present Majesty, intituled, An Ad for the 'Payment of the Sum of five hundred thousand Pounds by the Gover

nor and Company of the Bank of England, into the Receipt of His Majesty's Exchequer : And whereas the Governor and Company of the Bank of England did, in pursuance of the faid Act, advance the Sum of Five hundred thousand Pounds, upon the Terms and Conditions in the said Act mentioned: And whereas since the pafl- Advance of "ing of the said recited Act Part of the Money so advanced hath 500,0001. under • been repaid, under the Provifions of the said Act, reducing the recited Act; re"Sum so remaining advanced without Intereit to the Sum of Three

376,7391. • hundred and seventy-fix thousand seven hundred and thirty-nine · Pounds : and whereas the Balances remaining in the Hands of the • Cashier of the said Governor and Company, of Sums issued for the

Payment of Dividends on account of the National Debt, due and not demanded, have greatly increased : And whereas large Balances now remain in the Hands of the Cashier of the said Go• vernor and Company, of Sums issued to the said Governor and Company for Payment of Prizes or Benefits drawn in Lotteries esta. blished by Law, and which have not been claimed by the Persons entitled thereto ; and it is therefore just and expedient that a fur48 Geo. III.

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.ther Sum of Five hundred thousand Pounds should be advanced
• for the Service of the Publick out of such Balances, without any
• Interest for the same, on condition that if at any Time the Balances
• remaining in the Hands of the Cashier of the Governor and Com.
• pany of the Bank of England, of Sums issued to him for the Pay.

ment of Dividends on account of the National Debt, which shall
• have been due and not demanded, and of Sums issued to the said
• Governor and Company for the Payment of such Lottery Prizes
« or Benefits not claimed as aforesaid, shall be reduced to a less Sum
• than One hundred thousand Pounds, exclusively of the said Sums
• of Three hundred and seventy-fix thousand seven hundred and
(thirty-nine Pounds, and Five hundred thousand Pounds as aforesaid,
• then and in such Cafe so much of the Monies, advanced in pur-
• suance of this Act, as shall be equal to the Sum by which the said
< Balances, exclusive of the said Sums of Three hundred and seventy-
« fix thousand seven hundred and thirty-nine Pounds, and Five hun-

dred thousand Pounds, shall be less than the Sum of One hundred • thousand Pounds, íhall be repaid to the said Governor and Com. • pany; We therefore Your Majesty's most dutiful and loyal Subjects, • the Commons of the United Kingdom of Great Britain and Ireland • in Parliament assembled, do most humbly beseech Your Majesty, • That it may be enacted ;' and be it enacted by the King's most Excellent Majesty, by and with the Advice and Consent of the

Lords Spiritual and Temporal, and Commons, in this present ParBank shall ad- liament assembled, and by the Authority of the same, That the said vance and pay

Governor and Company shall on or before the Fifth Day of April into the Exche

eo One thousand eight hundred and eight, pay or cause to be paid into quer a further Sum of 500,000l. the

the Receipt of His Majesty's Exchequer, out of the Balances in for Service of their Hands of Sums issued for the Payment of Dividends due and 1808.

not demanded, and of such unclaimed Lottery Prizes or Benefits as aforesaid, the Sum of Five hundred thousand Pounds; which faid Sum of Five hundred thousand Pounds shall be applicable to the Services of the Year One thousand eight hundred and eight, and

to be at the Disposition of Parliament. Whenever Ba- II. And be it further enacted, That if at any Time hereafter the lance remaining Monies remaining in the Hands of the Governor and Company of in the Bank for the Bank of England, or their Cashier or Cashiers, which have been Unclaimed Divi- iflued to him or them for the Payment of all or any Annuities or Didends or Lottery

vidends to the Creditors of the Publick, in pursuance of the several Prizes, (exclu- veends to the creditors tive of the faid Acts of Parliament in that Behalf, due and not demanded, and for Sums advanced the Payment of such Unclaimed Lottery Prizes or Benefits as afore. hy the Bank,) said, shall be reduced to a less Sum than One hundred thousand shall be less than Pounds, exclusive of such Sums of Three hundred and seventy-fix 100,0001. fuch deficiency shall

thousand feven hundred and thirty-nine Pounds, and Five hundred be made up to thousand Pounds as aforesaid, the said Governor and Company the Bank by a or their Cashier or Cashiers shall forthwith tranfmit a Certificate Payment from of the fame to the Commissioners of the Treasury or the Lord

High Treasurer for the Time being, and also to the Auditor of the Exchequer for the Time being, containing a true Statement of the Amount to which the said Monies shall then be reduced ; and that forthwith on the same Day on which any such Certificate containing such Statement as aforesaid shall be presented to the said Auditor at the Receipt of the Exchequer, the faid Auditor fall make out a proper Debenture, directing the Payment of such Sum of Money

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as it shall appear by such Certificate the said Balances shall be reduced under One hundred thousand Pounds, which said sum of Money shall be forthwith on the same Day issued and paid out of any Money in the Receipt of the Exchequer of the Aids or Supplies granted to His Majelty for the Service of the current Year or of any preceding Year, or out of any Monies arising from the Surplus of the Confoli. dated Fund, which may remain at the End of any Quarter for the Disposition of Parliament; and every such Debenture being carried to the Clerk of the Pells shall be forthwith recorded in the usual Method in which Debentures are by him recorded ; and thereupon the Teller or Tellers on whom any such Debenture shall be charged, fall, upon the same being presented to him or them, immediately pay or cause to be paid to the said Cashier or Cashiers the Sum contained in such Debenture accordingly; and in case after the Repayment of any Part of the Monies which shall have been advanced under the said recited Act and this Act, the said Balances fhall at any Time be again further reduced, in such case, as often as the same shall happen, such a further Sum shall in like Manner be repaid to the faid Governor and Company as shall keep Balances in the Hands of the said Cashier for the Payment of any Annuities or Divi. dends due and not demanded as aforesaid, and of such Unclaimed Lottery Prizes or Benefits as aforesaid, of One hundred thousand Pounds.

III. Provided always, and be it further enacted, That in case after On future Exthe Repayment of any part of the said Sum of Five hundred thou- cess of Balance land Pounds to the Governor and Company of the Bank of Eng. above 100,0001.

Ć Advance shall land, under the Provisions of this Act, there shall be any Excess of

here thall be any Laceis o be again made the Balances arising as aforesaid in the Hands of the Cashier of by the Bank, so the said Governor and Company, above the said Sum of One hun- as 10 keep up dred thousand Pounds, and such Excess shall have continued for the the Amount to Space of Six Months, then and in every such Case a Sum, equal to 500,000l. under such Excess, shall from Time to Time be again advanced by the said

this Act. Governor and Company, under the like Conditions as are herein-before prescribed for the Original Payment of the said Sum of Five hundred thousand Pounds into His Majesty's Exchequer, until the whole Sum due on Account of Advances made by the said Governor and Company under the Provisions of this Act, shall have again amounted to the Sum of Five hundred thousand Pounds, exclusive of the said Sum of Three hundred and seventy-fix thousand seven hundred and thirty-nine Pounds.

IV. And be it further enacted, That the said Governor and Bank shall yearly Company of the Bank of England, ihall, within Thirty Days after lay before Parliathe Meeting of Parliament in every Year, cause an Account to be ment Account

of Unclaimed laid before Parliament, of the Amount of the Balances of Sums

19 Dividends. illued for the Payment of Dividends due and not demanded, and for the Payment of lottery Prizes or Benefits which shall not have been claimed, and which shall be and remain in their Hands on the Days respectively, next before the Iflue from the Exchequer of Money for the Payment of Dividendz upon Account of the National Debt for each of the Four preceding Quarters respectively.

Rate of AllowV. 'And whereas by the said recited Act it was enacted, That ance to the Bank, 'there should continue to be iflued and paid to the Governor and for Management 'Company of the Bank of England, a Sum for Charges of Manage- under 31 G. 3.

C: 33. $ 3. 'ment of the Publick Debt, a: the Rate of Four hundred and fifty

D2

• Pounds

• Pounds per Annum for each Million of the Capital, and at the • {ame Rate for all the Annuities for Terms of Years, valuing the Annuities at Twenty-five Years Purchase, as usual, to make a nominal

Capital : And whereas the Amount of the Publick Debt hath, • since the passing of the said Aćt, been very much increased; and it i

is therefore reasonable that new Provisions should be made for fixe :

. ing the Rate of the Allowance for the Management of the fama, Repealed. « according to the Amount thereof;' Be it therefore enacted, That

the said last-recited Provision shall, from and after the Fifth Day : of April One thousand eight hundred and eight, be repealed.

Vi. And be it further enacted, That from and after the Fifth Day of April One thousand eight hundred and eight, there shall be issued and paid to the said Governor and Company of the Bank of

England, for the Charges of Management of the said Unredeemed Future Rates

Publick Debt, the Sums of Money following ; that is to say; when payable to the

the the Whole of such Unredeemed Debt shall exceed Three hundred Bank for Charges of Ma

Millions, and shall not amount to Four hundred Millions, a Sum at nagement of the the Rate of Four hundred and fifty Pounds per Annum for each Mil- i Publick Debt, lion of the Capital; and when the Whole of such Unredeemed Debt. unredeemed. shall amount to Four hundred Millions, and shall not exceed Six hun

dred Millions, a Sum at the Rate of Three hundred and Forty Pounds per Annum for each Million of the Capital; and when such Debt shall exceed Six hundred Millions, a Sum at the Rate of Three hundred Pounds per Annum for each Million of such Excess of the Capital, the remaining Six hundred Millions continuing in such last. mentioned Cafe to be managed at the aforesaid Rate of Three hundred and forty Pounds per Annum for each Million: Provided always, that in estimating as well the Whole Amount of such Unredeemed Debt as the Sums respectively to be paid for the Management thereof, Annuities for Terms of Years shall be taken into the Ac. count, and shall be valued at Twenty-five Years Purchase, as usual, to make a nominal Capital.

« Charges due shall be paid up to April 5, 1808. § 7." Allowances for VIII. And be it further enacted, That as soon after the Fifth Management Day of April One thousand eight hundred and eight; as conve. shall be calculated niently may be, there shall be made out at the Exchequer, an yearly.

Account of the Total Capital of Unredeemed Debt, as it shall stand on the said Fifth Day of April One thousand eight hundred and eight; and the Allowance for the Management of the Unredeemed Publick Debt for the Year ending the Fifth Day of April One thousand eight hundred and nine, shall be computed on the said Capital, as it stood on the said Fifth Day of April One thousand eight hundred and eight, and shall be paid to the said Governor and Company in one Sum before the Fifth Day of July One thousand eight hundred and nine ; and the Allowance for Management shall be computed and paid in like manner in every succeeding Year.

CAP.

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