Geo. L 1717: ANNUITIES. 40000 I. per anum ANNUITIES, March 25, anno 1708. A&t of the 6th of queen Anne, 16 years. Charges the overplus of the annuity funds before-mentioned, granted in the 4th and 5th of the queen, to be computed at Lady-Day yearly; as alfo the overplus of the firft gd. excife, granted from the 25th of January 1692, after the 29th of September 1710, to be computed at Midfummer yearly for 99 years. C.. 800001. per annum ANNUITIES, June 24, anno 1708. Another act of the 6th of queen Anne, 16 years. Charges one moiety, or half part of the old fubfidy of tonnage and poundage upon wines, goods, and merchandizes, for 96 years, from the 31ft of July 1712; the intermediate intereft was fupplied out of the purchase-money, and alfo, by an act of the Toth of the queen, out of feveral appropriated branches of the revenue for 99 years. ANNUITIES at 91. per cent. March 25, anno 1710. Act of the 8th of queen Anne, 91. per cent. Charges 3 d. a barrel on beer, ale, and other liquors; 18 d.) a pound on pepper; 5s. per 100 lb. weight on raisins; a double duty on nutmegs and other fpices; 3 s. a pound on fnuff, from the 6th of February 1709; and, if there be a deficiency, to be fupplied out of the duty on coals and window-tax, for 37 years. Bank ANNUITIES. Two acts of the Ift of king George, 51. per cent. Charges the general or aggregate fund, after the intereft and allowances, to Exchequer bills, and after 120000l. for his majefty's civil government, with these annuities payable at the bank of England at 5 1. per cent, per annum, redeemable by parliament. Geo. I; 1717. Refolutions about the national debts, Mar. 23. ABSTRACT. By Lotteries By Annuities Bank By Exchequer bills Eaft-India Company South-Sea Company Exchequer, March 14, 1716. On the day appointed to confider of the national debt, Mr. Walpole, having in his hand the account of the public debts at the Exchequer, made proper remarks on them, and then communicated his fcheme, both for paying off, or rePr. H. C. ducing the interest of redeemable funds, and for offering an alternative to the proprietors of annuities; which was generally approved. After which, the commons came to the following refolutions: I. That all the public funds redeemable by law, that do now exceed 51. per cent, per annum, be redeemed according to their respective provifoes or clauses of redemption, contained in the acts of parliament for that purpofe, or (with confent of the proprietors) be converted into an interest or annuity, not exceeding 51. per cent. per annum, redeemable by parliament. II. That his majesty be inabled to borrow of any perfon or perfons, bodies politic or corporate, fuch fum or fums of money, as fhall be requifite to redeem the faid redeemable funds, at any rate not exceeding 51. per cent. per annum, and to fecure the fame upon the funds fo to be redeemed. III. That the annuity of of 106,501 1. 13s. 5d. per annum, payable to the governor and company of the bank, out of the house-money, by virtue of several acts of parliament in that behalf, for the principal fum of 1,775,0271. 17 s. 10d. by them advanced, be redeemed, or (by confent of the faid governor and company) converted into an intereft or annuity, not to exceed 51. per cent. per annum, redeemable by parliament. IV. That fo much of the fund, commonly called the Aggregate Fund, fettled by an act of parliament, in the first year of the reign of his prefent majefty, as is applicable to the intereft, circulation, exchanging or cancelling the prefent Exchequer bills, be also redeemed. V. That his majefty be enabled to authorife the high-treasurer, or the commiffioners of the treafury for the time being, to treat and agree with any perfon or perfons, bodies politic or corporate, for circulating fuch a number of Exchequer bills, at a rate not exceeding 4 1. 10 s. per cent. per annum for intereft, exchanging, and circulation, as may be charged and fecured upon that part of the faid aggregate fund to be so redeemed. VI. That the annuities of 600,000 1. and 8000 1. per annum, payable to the governor and company of merchants of Great Britain trading to the South Sea, be also redeemed. VII. That the annuities payable by an act of parliament of the twelfth year of the reign of king William (of glorious memory) to certain patentees therein named, their heirs and affigns, out of the weekly fum of 3700 1. charged on the excife, be also redeemed. VIII. That the feveral terms of years remaining in the duties appropriated by the two lottery acts, made and paffed in the ninth year of the reign of her late majefty queen Anne (of bleffed memory) and by the two lottery acts, made and passed in the 10th year of her faid late majesty's reign, be made perpetual. IX. That the faid duties, comprehended in the faid four lottery acts, be made one general fund for the future. X. That the proprietors of the orders, grounded on the faid lottery acts, do, within a limited time, make their elections, either to accept annuities after the rate of 5 1. per cent. per annum, redeemable by parliament, out of fuch general fund, or be paid fo much as remains due to them on their orders respectively. XI. That, in all cafes where the proprietors fhall chufe to have their principal, the 51. per cent, per annum faved thereby, be made another fund, towards anfwering fuch fums of money, as shall be advanced (towards difcharging the faid principal) by loans, or other fecurities, as fhall be thought proper |