monies into the exchequer.

dred and fifty, and no longer: and the faid cashier or cafhiers and to pay the fhall, from time to time pay into the receipt of his Majesty's exchequer all the monies which he or they fhall receive of or for the faid fum, not exceeding one million, as faft as he or they fhall receive the fame, or any part thereof, or within five days at the fartheft; and to account for all the monies fo to be advanced and paid to him or them in his Majefty's court of exchequer, according to the due courfe thereof.

III. And it is hereby enacted, That in the office of the ac- Contributors comptant general of the governor and company of the bank of names to be England for the time being, there fhall be provided and kept a entered in a book or books, in which there fhall be fairly entered the book, with the fums paid; names of all who fhall be contributors for fuch annuities after the rate of three pounds per centum per annum, as aforefaid, and of all perfons by whofe hands the faid contributors thall pay in any of the faid fums upon this act, and alfo the fum fo paid; to which book or books, it fhall be lawful for the faid repective contributors, their executors, adminiftrators, fucceffors, infpected graand affigns, from time to time, to have refort at all seasonable tis. times, and to infpect the fame without fee or charge; and the faid accomptant general for the time being, fhall, on or before the twenty fifth day of March, which thall be in the year of our Lord one thousand seven hundred and fifty two, tranfinit an at- Duplicate to tefted duplicate, fairly written on paper, of the faid book or to the exchebooks, into the office of the auditor of the receipt of his Maje- quer. fty's exchequer, there to remain for ever.

which may be

be tranfmitted

titled to the

annuities;

IV. And it is hereby enacted by the authority aforefaid, That Contributors all and every contributor and contributors upon this act, duly paying the paying the confideration or purchase-money at the rate aforefaid, purchate moat or before the refpective days or times in this act before limit- ney to be ined in that behalf, for fuch annuity or annuities as aforefaid, or fuch as he, she, or they fhall appoint, his, her, or their respective executors, adminiftrators, fucceffors or affigns, fhall have, receive, and enjoy, and be intitled 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 payment thereof as aforefaid, and fhall have good and fure eftates and interefts therein for ever, fubject only to the provifo or condition of redemption, in this act afterwards contained, concerning the fame; and that all the faid annuities which fhall be to be purchased on this act, and the principal monies paid for free of taxes. the fame, and every of them, during the continuance thereof, fhall be free from all taxes, charges, and impofitions whatfo

ever.

V. Provided always, That in cafe any contributor or contributors, for the purchase of any of the faid annuities, thall after Accomptant general to payment of ten pounds per centum, in part of his, her, or their give credit to purchase money, defire that the fubfequent payments, to be the contribumade by him, her, or them, at the refpective times limited in tors for the that behalf, may immediately be made ftock in the book or principal fums paid. books to be kept for that purpofe, in the office of the faid accomptant general, and that the principal money, and the an

C4

nuity

cashier and accomptant

nuity attending the fame, be immediately transferrable (except the ten pounds per centum, which is to remain as a depofit till payment of the whole fum by him, her, or them fubfcribed for, is fully completed) it fhall be lawful for the faid accomptant general, and he is hereby required upon fuch request made by any fuch contributor or contributors, to give credit in the said book or books, for each refpective principal fum, by him, her, or them subscribed and paid as aforefaid; any thing herein contained to the contrary notwithstanding.

VI. And for the more easy and fure payment of the said annuities to be purchased as aforefaid, according to the true meaning of this prefent act; it is hereby enacted by the authority aBank to em- forefaid, That the faid governor and company of the bank of plov a chief England, and their fucceffors, fhall from time to time, until the faid annuities fhall be redeemed by parliament according to this general, for act, appoint and employ one fufficient perton within their office payment of in the city of London, to be their chief or first cashier or cashiers, the annuities; and one other fufficient perfon within the fame office, to be their accomptant general; and that fo much of the monies of the faid furpluffes, exceffes, or overplus monies of the fund, commonly called the Sinking fund, which fhall or ought to be, from time to time, feparated and fet apart in the faid receipt of exchequer, for answering the faid annuities to be purchased upon this act, after the faid rate of three pounds per centum per annum, shall by order of the commiffioners of his Majefty's treafury, or any three or more of them now being, or of the high treasurer, or commiffioners of the treasury of his Majefty, his heirs and fucceffors for the time being, without any further or other warrant to be fued for, had, or obtained in that behalf, be, from time nies to be paid to time, half-yearly as aforefaid, iffued and paid at the said reto them half- ceipt of exchequer, to the faid first or chief cashier or cashiers yearly at the of the faid governor and company of the bank of England, and exchequer, by of their fucceffors for the time being, by way of impreft, and way of imupon account of the payment of the faid annuities fo purchased upon this act, at fuch times, and in fuch manner and form, as are by this act prefcribed in that behalf; and that all and every cashier and cashiers, to whom the said monies fhall, from time to time be iffued, thall from time to time, without delay, apply and pay the fame accordingly, and render his accounts thereof, according to the due courfe of the exchequer; any thing herein contained to the contrary notwithstanding.

and the mo

preft, &c.

VII. And it is hereby alfo enacted, That the faid accomptAccomptant general to in- ant general for the time being fhall, from time to time, inspect Ipect the ca- and examine all the receipts and payments of the faid cashier or hiers receipts and payments. Cathiers, and the voucher's relating thereunto, in order to prevent any fraud, negligence, or delay; and that all and every Annuities to perfon and perfons whatfoever, who fhall be intitled to any of be a perfonal the faid annuities, after the rate of three pounds per centum per annum, and all perfons lawfully claiming under them, fhall be poffeffed thereof, as of a perfonal eftate, and the fame shall not be defcendable to the heir, and fhall not be liable to any foreign

eitate.

attach

attachment by the custom of London, or otherwife; any law, ftatute, or custom to the contrary notwithstanding.

VIII. And be it further enacted by the authority aforefaid, The monies That all the monies to be advanced or contributed upon this contributed to act, for or towards the faid fum not exceeding one million, fhall be deemed a be deemed, reputed, and taken to be one capital or joint stock, joint stock, on which the faid annuities, after the rate of three pounds per centum per annum, shall be attending; and that all and every perfon and persons, and corporations whatsoever, in proportion to the money which he, she, or they fhall be intitled to, as aforesaid, shall have, and be deemed to have a proportional interest and fhare in the faid ftock, and in the annuity attending the fame, at the rate aforefaid; and that the faid whole capital or joint ftock, or any share or intereft therein, and the proportional annuity attending the fame, fhall be affignable and transferrable which may be as this act directs, and not otherwife; and that there fhall con- transferred. ftantly be kept at all seasonable times in the office of the said accomptant general for the time being, within the city of London, a book or books, wherein all affignments or transfers of the faid whole capital or joint ftock, or any part thereof, and the proportional annuity attending the fame, at the rate aforesaid, Thall be entered and registered; which entries fhall be conceived Method of in proper words for that purpofe, and fhall be figned by the transferring, parties making fuch affignments or transfers, or if fuch party be abfent, by his, her, or their attorney or attornies, thereunto lawfully authorized by writing, under his, her, or their hands and feals, to be attefted by two or more credible witnesses; and that the person or persons to whom fuch transfer shall be made, do underwrite his, her, or their acceptance thereof; and that no other method of affigning or transferring the said stock, and the annuities attending the fame, or any part thereof, or any interest therein, fhall be good and available in law; and that no stamp without duties whatfoever, fhall be charged on the faid transfers, or any stamps. of them; any other law or statute to the contrary notwithstanding.

per cent, be

IX. And it is hereby enacted and declared, That no perfon No annuities or persons whatsoever fhall or may purchase or obtain, or be ad- to be obtainmitted to purchase or obtain, any of the annuities at the rate ed, unless sol. aforefaid, upon this act, unless the whole, or ten pounds per paid before 20 centum, part at least of the confideration money for the fame, at April, 1750. fuch rate as aforefaid, be advanced and paid to the faid cashier, on or before the twentieth of April, one thousand feven hun dred and fifty.

X. Provided alfo, That in cafe any fuch contributor as afore- Perfons not faid, who fhall, on or before the faid twentieth day of April, paying the one thousand seven hundred and fifty, have advanced to the faid whole purcashier or cashiers, ten pounds per centum, in part of his, her, at the times chase money or their purchase money, or his, her, or their executors, admi- limited, niftrators, fucceffors, or affigns, do not advance and pay to the faid cashier or cashiers, fifteen pounds per centum, in further part of his, her, or their confideration money, fo to be paid for

fuch

fuch respective annuity or annuities as aforefaid, on or before the twentieth day of June, then next enfuing; and twenty five pounds per centum, in further part thereof, on or before the eighteenth day of August, then next enfuing; and twenty five pounds per centum, in further part thereof, on or before the to forfeit their eighteenth day of October, then next enfuing; and the remainfirst payment. ing twenty five pounds per centum, on or before the eighteenth day of December, then next following; then, and in every fuch cafe refpectively, fo much of the confideration money as fhall have been actually paid for the first payment to the said cashier or cashiers, for fuch refpective annuity, fhall be forfeited for the benefit of the publick, and no intereft, at the rate aforesaid, fhall be payable for the said first payment; any thing in this act contained to the contrary notwithstanding.

The bank to continue a corporation

till the annui'ties are redeemed.

No fee to be taken, &c.

XI. Provided always, and it is hereby enacted by the authority aforefaid, That the faid governor and company of the bank of England, and their fucceffors (notwithstanding the redemption of all or any of their own funds in purfuance of the acts for eftablishing the fame, or any of them) fhall continue a corporation, with all the powers, privileges, and advantages thereunto belonging, for the purposes in this act expreffed, till all the annuities to be purchafed on this act, fhall be redeemed by parliament, according to the provifo herein after contained in that behalf; and that the faid governor and company or any members thereof, fhall not incur any difability, for or by reason of their doing any matter or thing in pursuance of this act.

XII. And it is hereby enacted by the authority aforesaid, That no fee or gratuity whatsoever fhall or may be demanded or taken of any of his Majefty's fubjects for receiving or paying the faid contribution monies, or any of them, or for any tallies, or other receipts concerning the fame, or for iffuing the faid yearly fund, or any part thereof, or for paying the faid annuities, or any of them; and that no fee or gratuity fhall be demanded or taken for any transfer of any fum great or fmall, to be made in purfuance of this act, upon pain that the officer or perfon offending, by taking or demanding any fee or gratuity contrary to this upon penalty act, fhall forfeit the fum of twenty pounds to the party grieved, to be recovered with full cofts of fuit, in any of his Majefty's courts of record at Westminster.

of 20 1.

es, &c.

Treasury to XIII. Provided always, and it is hereby enacted, That the defray charg- commiffioners of the treafury, or any three or more of them now being, or the high treasurer, or any three or more of the commiffioners of the treasury for the time being, fhall have power, and they are hereby authorized to reward all fuch perfons as fhall be any ways employed in the execution of this act, for their fervice, pains, and labour, and alfo to defray fuch incident charges as fhall neceffarily attend the fame, out of the faid furpluffes, exceffes, or overplus monies; and also to appoint fuch allowances (out of the faid furpluffes, exceffes, or overplus monies) for the fervice, pains, and labour of the cashier or cashiers of the faid governor and company of the bank of

England,

England, for receiving, paying, and accounting for the said annuities made payable by this act; and alfo for the fervice, pains, and trouble of the accomptant general of the faid governor and company for performing the duty and truft incumbent on him by this act, as they fhall think just and reasonable: all which allowances hereby impowered to be made as aforefaid, in refpect of the fervice, pains, and labour of any officer or officers of the faid governor and company of the bank of England, shall be for the ufe and benefit of the faid governor and company, and at their difpofal only; any thing herein contained to the contrary notwithstanding.

XIV. Provided alfo, and it is hereby enacted by the authori- Clause of rety aforefaid, That at any time, upon one year's notice to be demption. printed in the London Gazette, and affixed upon the Royal Exchange in London, by authority of parliament, at any of the halfyearly feast days for payment of the faid annuities, and upon repayment by parliament of the principal fum of one million, by payments not being lefs than five hundred thousand pounds. at a time, for which the said annuities fhall be payable to such refpective perfons or corporations as fhall be intitled to the fame annuities; and alfo upon full payment of all arrearages of the fame annuities; then, and not till then, the faid annuities fhall ceafe and determine, and be understood to be redeemed; and from and after fuch redemption, the monies arifing by the faid furpluffes, exceffes, or overplus monies of the fund, commonly called the Sinking fund, fhall not be iffued or applied to any ufe or purpose, other than fuch uses and purposes as have been directed by any former act or acts of parliament in that behalf; any thing in this or any former act or acts of parliament to the contrary notwithstanding: and that any vote or refolution of the houfe of commons, fignified by the fpeaker in writing, to be inferted in the London Gazette, and affixed on the Royal Exchange in London, as aforefaid, thall be deemed and adjudged to be fufficient notice within the words and meaning of this act.

CAP. XVII.

An act for repairing the roads leading from Dunglas Bridge to the town of
Haddingtoun; and from thence to Ravenshaughburn in the county of
Haddingtoun.

Certain tolls granted for 21 years, &c.

CAP. XVIII.

An act for enlightening the open places, streets, ianes, paffages, and courts; and for the better regulating the nightly watch within the parish of Saint John Southwark in the county of Surrey.

WHEREAS the parish of Saint John in the borough of

Southwark in the county of Surrey, is fituate between London Bridge and his Majefly's dock yard and victualling office at Deptford, and alfo the East India warehouse at Rotherhithe; and wire

I

as