298

9 & 10 W. 3.

C. 27.

5 Ann. c. 19.

Anno fexto ANNÆ. C. 5.

the ninth year of the reign of his faid late majesty King William, for licenfing hawkers and pedlars, and all the powers for granting fuch licences, which by the said act of the fifth year of her Majesty's reign are to continue for the like term of ninety fix years, from the faid twenty fourth day of June, one thousand feven hundred and ten, shall be further continued, and be paid and payable, and be put in execution by virtue of this act with in the whole kingdom of Great Britain, from and after the expiration of the faid term of ninety fix years, during the term of Stamp duties, one whole year from thence next and immediately ensuing: and that fuch of the duties upon vellum, parchment, and paper, as by the faid act of the fifth year of her Majefty's reign were continued for the term of ninety fix years from the last day of July, one thousand seven hundred and ten, fhall, by virtue of this act be further continued, and be due and payable to her Majefty, her heirs and fucceffors, within and throughout the whole kingdom of Great Britain, from and after the expiration of the term of ninety fix years last-mentioned, for and during the term of one whole year from thence next and immediately enfuing: and that the additional fubfidies of tonnage and poundage, and other duties upon wines, goods, and merchandizes, commonly called, the one third fubfidy, which by the said act of the fifth year of her Majefty's reign, are granted and continued for the term of one whole year from the expiration of a term of ninety eight years, which commenced from the eighth

and the one

third fubfidy,

5 Ann. c. 19.

ration of their

respective

terms.

of

day of March, one thousand seven hundred and fix, fhall by virfurther conti- tue of this act, be further continued, and be due and payable to nued for one her Majefty, her heirs and fucceffors, within and throughout year more af- the whole united kingdom of Great Britain, from the expiration ter the expi- of the faid term of one year fo granted and commencing as aforefaid, for and during the further term of one whole year from thence next and immediately ensuing: and that the duty upon sweets made for fale, which by the faid act in the fifth year her Majefty's reign, was granted for the term of ninety nine years, commencing from the twenty fourth day of March, one thoufand feven hundred and fix, fhall, by virtue of this act, be further continued, and be paid and payable to her Majefty, her heirs and fucceffors, within and throughout the united kingdom of Great Britain, from and after the expiration of the term of ninety nine years laft-mentioned, for and during the further term of two years from thence next and immediately enfuing.

Sweets continued for 2 years longer.

Excife act,
4 & 5 W. &
M. c. 3. con-
tinued for 15

years longer.

V. And be it further enacted by the authority aforefaid, That the several rates and duties of excife upon beer, ale, and other liquors, which by the faid act of the fourth year of the reign of their faid late majefties King William and Queen Mary, of glorious memory, were granted for the term of ninety nine years, from the twenty fifth day of January, one thousand fix hundred ninety two, fhall, by virtue of this act, be further continued, and be paid and payable to her Majefty, her heirs and fucceffors, within and throughout the whole united kingdom of Great Britain, from and after the expiration of the term of nine

ty

ty nine years laft-mentioned, for and during the further term of fifteen years from thence next and immediately enfuing, for the ufes and purposes in this act expreffed.

VI. And it is hereby enacted, That the said several duties Former powupon low wines, or fpirits of the firft extraction; and the faid ers continued, duties payable by hawkers, pedlars, petty chapmen, and others defcribed as aforefaid; and the faid rates and duties upon vellum, parchment and paper; and the faid additional fubfidy of tonnage and poundage, and other duties upon wines, goods, and merchandizes, by this act feverally granted for a further term of one year as aforefaid; and the faid duty upon fweets by this act granted for a further term of two years as aforefaid; and the faid rates and duties of excife by this act granted for a further term of fifteen years as aforefaid, for the ufes and purposes in this act expreffed, be feverally and respectively raised and levied by fuch rules and methods, and under fuch penalties and forfeitures, and with such distribution of the faid penalties and forfeitures, and fubject to fuch power of mitigation, and fuch refpective drawbacks, allowances, and repayments, and in fuch manner and form as the like duties granted or continued by the said act of the fifth year of her Majesty's reign, or any 5 Ann. c. 19. of them refpectively, are prefcribed, enacted, or appointed to be raised or levied.

payment of

M. c. 3.

VII. And it is hereby enacted and declared, That the faid Overplus mooverplus monies of the faid rates, duties, fubfidies, and other nies, &c. ap. funds fettled for payment of the faid feveral annuities purchafed propriated for upon the faid feveral acts of the fourth and fifth years of her the 40,000l. Majefty's reign respectively; and the faid overplus monies of the per annum, faid rates and duties of excife which were granted in the fourth & 5 W. & year of their faid late Majefties reign as aforefaid; and the faid fum not exceeding one hundred thousand pounds, directed to be referved out of the contribution monies as aforefaid; and the feveral grants made by this act of the faid duties upon low wines, or fpirits of the firft extraction; and of the faid duties to be paid by hawkers, pedlars, and petty chapmen; and of the faid duties upon vellum, parchment, and paper; and of the faid additional fubfidy of tonnage and poundage feverally, for the further term of one year as aforefaid; and of the faid duties upon fweets for two years as aforefaid; and of the faid particular rates and duties of excife for the term of fifteen years as aforefaid; or fo much of the faid feveral overplus monies, reserved monies, rates, additional fubfidy, and other duties, as fhall be fufficient for making up the faid fund not exceeding forty thoufand pounds per annum, for anfwering the full and due payment of all the annuities to be purchased on this act, and all arrearages thereof from time to time incurred, are, and shall be by virtue of this act liable and appropriated thereunto, and shall not be diverted or divertible to any other ufe, intent, or purpose whatsoever, under the penalties, forfeitures, and difabilities in this act expreffed; and all the monies arifing by the said overplusses, grants, and provifions hereby made, out of which the

faid fund, not exceeding forty thousand pounds per annum, is to and to be en- be raised, shall be fairly and duly entred in one or more book or tred in a book books to be kept in the offices of the auditor of the receipt and for that pur- clerk of the pells for that purpose, to which all perfons conpose. cerned at all feasonable times fhall have free accefs without fee or charge.

Any perfon may lend 640,000l. for purchafing annuities at 16 years purchase.

ment.

VIII. And for the raifing any fum or fums of money, not exceeding in the whole the faid fum of fix hundred and forty thousand pounds, for fuch uses as aforefaid, it is hereby further enacted by the authority aforefaid, That it fhall and may be lawful to and for any perfon or perfons, natives or foreigners, bodies politick or corporate, to contribute, advance, and pay into the receipt of her Majefty's Exchequer, for her Majesty's ufe, at or before the respective days and times in this act limited in that behalf, any fum or fums of money, not exceeding in the whole the faid fum of fix hundred and forty thousand pounds, for purchafing any annuity or annuities to be paid and payable during the full term of ninety nine years, to be reckoned from the five and twentieth day of March, in the year of our Lord one thousand seven hundred and eight, at the rate of fixteen years purchase, which rate doth amount to the fum of one hundred and fixty pounds for every fuch annuity of ten pounds per annum, and proportionably for any greater annuity; and the fame rate, or confideration money, is hereby appointed to be paid into the faid receipt at or before the respective days and Times of pay- times herein after mentioned; that is to fay, one fourth part thereof on or before the fix and twentieth day of March, in the year of our Lord one thousand feven hundred and eight; one other fourth part thereof on or before the fix and twentieth day of May, in the year of our Lord one thousand seven hundred and eight; one other fourth part thereof on or before the fix and twentieth day of July, in the year of our Lord one thousand feven hundred and eight; and the remaining fourth part thereof on or before the five and twentieth day of September, in the Annuities not year of our Lord one thousand feven hundred and eight: all which annuities fo to be purchased, shall not exceed in the whole the faid fum of forty thousand pounds per annum; and fhall be paid and payable at the four moft ufual feafts or days of payment in the year; that is to fay, The feafts of the nativity of Saint John baptift, Saint Michael the archangel, the birth of our Lord Chrift, and the annunciation of the bleffed virgin Mary, by even and equal portions, the first payment thereof to be due at the feast of the nativity of Saint John the baptift, which shall be in the year of our Lord one thousand seven hundred and eight. IX. And it is hereby enacted, That in the offices of the aunames to be ditor of the receipt, and clerk of the pells in the Exchequer feveentred, &c. rally, there shall be provided and kept a book or books, in which there shall be fairly entred the names of all who shall be contributors, and of all perfons by whofe hands the faid contributors fhall pay in any of the faid fums upon this act, and also the fums fo paid, and the times when the fame are refpectively paid;

to exceed

40,000l. per.

ann. and to

be paid quarterly.

Contributors

to

to which book it fhall be lawful for the faid refpective contributors, their executors, adminiftrators, and affigns, from time to time, and at all feasonable times, to have refort, and to inspect the fame without fee or reward.

nuities.

X. And be it further enacted by the authority aforefaid, The 40000l. That all and every the annuities whatfoever, which fhall be charged with purchased upon or in pursuance of this present act, fhall be and the faid anare hereby charged upon, and fhall be paid and payable from time to time out of the faid fund or fum, not exceeding forty thousand pounds per annum, by this act intended and appointed to be established, as aforefaid; and the faid yearly fund or fum of forty thousand pounds per annum, or fo much thereof as shall be fufficient to fatisfy and discharge all the annuities to be purchafed upon this act, and all the arrearages thereof, at any time due or owing, are and fhall be, by virtue of this act, appropriated, and applied to and for fatisfying and discharging of the fame annuities, and fuch arrearages thereof accordingly, and fhall be iffued, difpofed, and applied to that use, and to no other ufe, intent or purpose whatsoever, under the penalties, forfeitures, and disabilities in this act expreffed; any thing herein contained, or any other matter or thing whatsoever, to the contrary notwithstanding.

XI. Provided always, That if at the end of any year of the Surplus to be faid term of ninety nine years, for which the faid annuities upon applied to this act are to be purchased, the first computation to be made public ufe. Farther proat the feast of the annunciation of the bleffed virgin Mary, one vifion relating thousand feven hundred and nine, or within fix days after, the bereto, 1 Geo. monies arifing at the Exchequer within fuch year, which by this 1. ftat. 2. c. 12. f. 7. act are chargeable to make good the faid yearly fund, not exceeding forty thousand pounds (excepting fuch part of the said contribution-money, as is to be referved for making good the future quarterly payments until the thirtieth day of September, one thousand feven hundred and ten, as aforefaid) fhall exceed all the monies which at every fuch feast day fhall be due for or upon the fame annuities, and all arrearages thereof, then or at any time or times before that time incurred, fo that there fhall be an excess or furplus remaining in the Exchequer, fuch excefs or furplus fhall be difpofeable from time to time for the publick use and service, and not otherwife; any thing herein contained to the contrary notwithstanding.

XII. And be it further enacted by the authority aforefaid, Contributors That all and every contributor and contributors upon this act, entitled to the duly paying the confideration or purchase-money at the rate a- annuities, &c. Part of thefe forefaid, at or before the respective days or times in this act limit- annuities were ed in that behalf, for any fuch annuity or annuities, as afore- fubfcribed unto faid, or fuch as he, fhe, or they fhall appoint, his, her, or their South Sea respective executors, administrators, fucceffors, and affigns, fhall Stock purfuhave, receive, and enjoy, and be entitled by virtue of this act, to have, receive, and enjoy the refpective annuity and annuities fo to be purchased out of the monies by this act appropriated or appointed for the payment thereof, during the faid whole term

of

ant to 6 Ann.

C. 4.

Tax free.

lies and or

payment, &c.

of ninety nine years, to be purchased therein, as is above-mentioned; and that all and every fuch purchasers, their executors, adminiftrators, and affigns refpectively, fhall have good and fure eftates and interefts in the feveral annuities fo by them to be purchased, according to the tenor and true meaning of this act; and that all the faid annuities to be purchafed upon this act, and every of them, during the term aforefaid, fhall be free from all taxes, charges, and impofitions whatsoever.

XIII. And be it further, enacted by the authority aforefaid, And have tal- That every contributor upon this act, for any annuity or annuities, as aforesaid, his, her, or their executors, adminiftrators or ders ftruck for affigns, upon payment of the confideration or purchase- money for the fame, at the rate aforefaid, or any part or proportion thereof, within the time or times in this act limited in that behalf, shall immediately have one or more talley or tallies levied, importing the receipt of fo much confideration-money as shall be fo paid; and upon payment of all the purchase-money for any fuch annuity or annuities, at the rate aforefaid, every such contributor, his, her, or their executors, adminiftrators, fucceffors, or affigns refpectively, fhall have an order for paying of the faid annuity and annuities, for and during the said term of ninety nine years, to be purchased therein, which order fhall be figned by the treasurer and under treasurer of the Exchequer, or any three or more of the commiffioners of the treasury for the time being, and after the figning thereof, the fame fhall be firm, good, valid, and effectual in the law, according to the purport and true meaning thereof, and of this act, and shall not be determinable by or upon the deaths or removal of any treasurer or under treasurer of the Exchequer, or any commiffioner or commiffioners of the treafury, or by or upon the determination of the power, office or offices of them, or any of them, nor shall any lord high treasurer of Great Britain, treasurer of the Exchequer, or any commiffioners of the treasury now or for the time being, have power to revoke, countermand, or make void such orders fo figned, as aforefaid, or any of them.

5 per cent. for

26 March, 1708.

XIV. And for the encouragement of the contributors to adprompt pay-vance and pay forthwith into the receipt of the Exchequer the ment before fums by them intended to be advanced upon this act, it is provided and enacted by the authority aforefaid, That every fuch contributor who shall advance and pay into the faid receipt of Exchequer, all or any part of the purchase-money payable for any fuch annuity or annuities, as aforefaid, before the faid fix and twentieth day of March, in the year of our Lord one thoufand feven hundred and eight, his, her, or their executors, adminiftrators, or affigns, fhall be allowed and paid out of the contribution money ar.fing by this act, intereft after the rate of five pounds per centum per annum for the prompt payment of the money fo advanced, from the time of the actual advancing and paying the fame, until the faid fix and twentieth day of March, one thousand seven hundred and eight.

Annuities affignable, &c.

XV. And be it further enacted, That it fhall and may be law