After re

shall be added thereunto as aforesaid, and the said yearly sum of eight thousand pounds and the additional annuity which fhall be added thereunto as aforefaid; and if payment, according to fuch notice, be made by parliament to the faid governor and company of merchants of Great Britain, or their fucceffors, of any fum or fums of money (not being less than one million at a time) in part of the principal monies whereunto the faid fum of ten millions and the stock to be added thereunto, by virtue of this act, fhall jointly amount; and alfo if payment be made of all the arrearages then due to them of the increased yearly fund and increafed yearly fum, or so much of thofe arrearages as shall bear a proportion to the principal monies from time to time remaining unfatisfied, being computed by the day until the time of every fuch payment of part of the principal refpectively, then, from and after every fuch payment fo made to the faid governor and company, and their fucceffors, fo much of the faid increafed yearly fund, (confifting of five hundred thousand pounds, with fuch addition as aforefaid) as fhall bear proportion to the monies fo paid in part of the faid principal, fhall cease and determine and be abated; any thing in this or any former act or acts of parliament contained, or other matter or thing whatfoever to the contrary notwithstanding.

demption the

understood to be redeemed by parlia

ment:

XXXIV. Provided alfo, and it is hereby further enacted by the authority aforefaid, That from and after the redemption. feveral duties, of all the faid yearly fund of five hundred thousand pounds and impofitions, of the additional yearly fund which is to be joined to the fame as &c. fhall be aforefaid, and of the faid yearly fum of eight thoufand pounds, and the yearly fum which is to be added thereunto for management as aforefaid, by payments to be made according to the feveral and refpective provifoes or conditions of redemption in this act contained of or concerning the fame, then and not till then the feveral duties, impofitions, additional impofitions and revenues, and all proportional parts of them or any of them, which are chargeable therewith, fhall be understood to be redeemed by parliament, and fhall not be iffued, paid or applied to any use, intent or purpose whatsoever without authority of parliament; nevertheless the faid corporation, by the name aforefaid, fhall poration fhall for ever remain, continue and be one body corporate and politick, and shall have, hold and enjoy all their forts, factories, acquifitions, lands, tenements, hereditaments, fole benefit of trade in and to the South-Seas and elsewhere, and also all the lands, tenements and hereditaments that are or shall be by them purchased in Great Britain, not exceeding one thousand pounds per annum, with perpetual fucceflion, and all abilities, capacities, powers, authorities, franchises, exemptions, privileges, profits and advantages whatfoever whereunto the faid governor and company are or before the making this act were entitled by any act or acts of parliament, grants or charters now in force S all which are by this act ratified, confirmed and made effectual to them and their fucceffors; and the faid governor and company and the members thereof, without having any share or in

But the cor

continue for

ever.

tereft

tereft in the faid yearly funds, payments or annuities, or any of them, after the fame fhall be redeemed, fhall have and be entitled to the fole benefit of trade in and to the South- Seas and elfewhere, and fuch power of trade in the fishery, as by any act or acts of parliament now in force is directed, and all other benefits, privileges and advantages (the faid refpective annuities to them iffuing or payable after fuch redemption as aforefaid only excepted) as if no fuch redemption were had or made; any thing in this act contained to the contrary notwithstanding.

ters continu

XXXV. And it is hereby declared and enacted by the autho- All the powrity aforefaid, That all and every the abilities, capacities, pow- ers of former ers, authorities, exemptions, franchises, privileges, profits and acts or charadvantages whatsoever, and all pains of death and other penal- ed for ever. ties, forfeitures and difabilities, and all rules, directions, methods, articles, matters and things whatfoever, which by any former act or acts of parliament, or any claufe or clauses therein, or any charter or charters under the great feal of Great Britain, are enacted, granted or established to, for, touching or concerning the faid corporation of the governor and company of merchants of Great Britain trading to the South-Seas and other parts of America and for encouraging the fishery, or the members of the fame (being in force at or until the time of making of this act, and not hereby determined or altered) fhall for ever continue, and be practised and put in execution for securing and paying the yearly funds, annuities and payments by this act directed, subject to the provifoes for redemption thereof in this act contained, and alfo (as well after fuch redemption as before) for fecuring the poffeffions, trade and business of the faid corporation, and for their advantage in all refpects, as fully and effectually, to all intents and purposes, as if the faid abilities, capacities, powers, authorities, exemptions, franchises, privileges, profits and advantages, and the faid pains of death and other penalties, forfeitures and difabilities, and the faid benefit of trade, rules, directions, methods, articles, matters and things, were severally repeated and at large re-enacted in the body of this prefent act.

cient notice

XXXVI. And it is hereby declared and enacted by the au- A vote of the thority aforefaid, That any vote or refolution of the houfe of houfe of comcommons, fignified by their speaker in writing, to be delivered mons,fignified at the publick office of the faid governor and company of mer- by their speakchants of Great Britain trading to the South-Seas, fhall be deem- er, to be fuffied and adjudged to be fufficient notice within the words and for redempmeaning of this act, for redeeming the faid yearly funds or tion. annuities pursuant to the provifo or provifoes of redemption in this act contained, and at the refpective time or times therein mentioned; any thing herein contained to the contrary notwithstanding.

XXXVII. Provided always, and be it enacted by the autho- Company in a rity aforefaid, That it shall and may be lawful for the faid go- general court vernor and company, and their fucceffors, in a general court of may declare how the pro

G 3

the

portion of the increased

ftock fhall be disposed of.

How proprietors of pay

tickets, who

have aliened

their interest for one or more years, are to subfcribe.

Duplicates to

be made of pay-tickets

loft, burnt or destroyed.

the faid company to declare and appoint how and in what manner the proportion of the faid intended to be increased stock, which the faid governor and company shall be entitled unto, for or in respect of the said sum of seven hundred seventy eight thoufand feven hundred and fifty pounds, or in refpect of the proportional part thereof, which fhall be actually paid into the receipt of his Majefty's exchequer in purfuance of this act (including therein fuch deductions, defalcations, recoupments or abatements, as are in and by this act directed to be made) shall or may be difpofed of, either for and on the account of the proprietors of the prefent capital ftock or of the whole increafed capital ftock of the faid corporation, as their general court fhall think fit, in proportion to their refpective fhares and interefts in the faid capital ftock; any thing herein contained to the contrary notwithstanding.

XXXVIII. And whereas feveral of the proprietors of the faid pay-tickets may have fold, alicned or difpofed of their intereft in one, two or three years fucceeding payments of fuch pay-tickets, part of those comprehended in the faid term of twenty three years and three quarters of a year, or of the faid one year and a quarter's arrear: it is hereby provided and further enacted by the authority aforefaid, That fuch proprietors, having all the other pay-tickets for the refidue of the faid term of twenty three years, and three quarters of a year, or for the refidue of the said one year and a quarter, may subscribe that whole term of and in the said annuity or annuities, and all the pay-tickets for the fame, paying to the perfon or persons to be appointed to receive and take in the faid pay-tickets the full amount of such pay-ticket or tickets fo fold, aliened or difpofed; which perfon or perfons fhall pay the fame into the receipt of his Majesty's exchequer, in trust, to pay and fatisfy fuch perfon or perfons as fhall have a right to and be in poffeffion of fuch pay-tickets, when those tickets respectively shall become due, and delivering up all the reft of the pay-tickets for the term fo fubfcribed for, as in this act is before prefcribed; any thing herein contained to the contrary notwithstanding.

XXXIX. And whereas feveral of the faid pay-tickets made 8 Ann. c. 4. forth in pursuance of the faid act of the eighth year of her late Majefty's reign have, by cafualty or mischance, been loft, burnt or otherwife deftroyed: be it therefore enacted by the authority aforesaid, That in all cafes where it thall appear by affidavit to be made before the lord chief baron, or before any of the barons of the coif of his Majefty's court of exchequer for the time being, (who fhall interrogate the deponent thereupon) to the fatisfaction of fuch baron or barons, that any fuch ticket or tickets as aforefaid, before the tenth day of June one thoufand feven hundred and nineteen fhall have been or are loft, burnt or otherwife deftroyed, it thall and may be lawful for the commiffioner of the transfer-office, appointed pursuant to the said act of the eighth year of her late Majefty's reign, and the paymafter of such tickets, or either of them, upon producing a certificate from any the faid barons of fuch affidavit made before him or them

(which

(which affidavit the said barons or any of them is and are hereby authorized to take, and which certificate he or they are hereby required to make and grant without fee or reward) and on fecurity given to the good liking of the faid commiffioner and paymaster to indemnify his Majesty against all other perfons whatsoever, for and concerning the monies specified in or due upon fuch ticket or tickets, to make forth duplicates of the tickets so loft, burnt or destroyed at the request of the respective owners thereof; and that the fame duplicates fhall be of the like validity and have the fame effect as the original tickets would have had, if they had not been loft, burnt or destroyed, and may be subscribed into the said increased stock as aforefaid.

gers out of the

fore 25

1716.

Dec.

XL. Provided always, and it is hereby enacted by the au- Treasury to thority aforefaid, That out of the faid monies which fhall from reward manatime to time arife at the receipt of the exchequer for payment monies for of debts and incumbrances incurred before the twenty-fifth day debts and in. of December one thousand feven hundred and fixteen as afore- cumbrances faid, it shall and may be lawful to and for the commiflioners of incurred bethe treafury or any three or more of them, or the high treasurer for the time being, to reward the faid managers to be appointed for taking the faid fubfcriptions, and the clerks and the officers to be employed by and under them, and the faid perfons to be employed for taking in the faid tickets, and all other officers that fhall and may be any way employed in this affair, for their labour, pains and fervice therein refpectively, and to discharge and fatisfy such incident expences as fhall neceffarily attend the execution of this act, in fuch manner as the faid commiffioners of the treasury or any three or more of them, or the high treafurer for the time being, shall from time to time find to be reafonable in that behalf; any thing in this act contained to the contrary notwithstanding.

then the mo

XLI. Provided always, and it is hereby enacted, That if If all the payall the pay-tickets for the faid lottery-annuities and the faid ar- tickets, &c. are rearages thereof fhall be fubfcribed according to this act, with- fubfcribed, in the time thereby limited, then the monies of the faid duties ney applicaapplicable to the payment thereof from time to time coming in- ble to the payto the receipt of the exchequer shall and may be iffued weekly ment thereof to the faid governor and company and their fucceffors, or to to be iffued their cashier for their use, fo as the fum total of the money which weekly to the shall be due to them out of the same pursuant to this act, at the cashier. end of any quarter of a year, be not exceeded; any thing in this or any former act contained to the contrary notwithstanding.

all the money granted this

XLII. And be it enacted by the authority aforefaid, That Claufe of apall the monies lent and to be lent to his Majesty upon one act propriation of of this feffion of parliament, intituled, An act for granting to his Majefly an aid by a land-tax to be raised in Great Britain for the feffion. fervice of the year one thousand feven hundred and nineteen, and fo 5 Geo. I. c. 1. much money (if any fuch be) of the tax thereby granted as shall arise and remain after all the loans made or to be made on that act, and the intereft thereof and the charges thereby allowable for raifing the faid tax, fhall be fatisfied, or monies fufficient

G 4

thall

¿ Geo. 1. c. 9.

shall be reserved to discharge the fame; and all the monies lent [1718 5 Geo. 1. c. 2. and to be lent to his Majefty upon an act of this feffion of parliament, intituled, An act for continuing the duties upon malt, mum, cyder and perry for the fervice of the year one thousand seven hundred and nineteen, and for enlarging the time for entring at the exchequer fuch affignments of reverfionary annuities as are therein mentioned; and for better fecuring the duties on hides and skins, vellom and parchment, and fo much of the duties on malt, mum, cyder and perry thereby granted or continued, as fhall arife and remain (if any fuch be) after all the loans made or to be made on the same act, or thereby transferred or directed to be transferred thereunto, and the intereft thereof and the charges thereby allowable for raifing the fame duties fhall be fatisfied, or monies fufficient shall be referved to discharge the fame; and the fum of five hundred and five thousand nine hundred ninety five pounds raised or intended to be raised by way of a lottery, by virtue of an act of this feffion of parliament, intituled, An act for continuing certain duties upon coals and culm, and for establishing certain funds to raise money, as well to proceed in the building of new churches, as alfo to complete the Supply granted to his Majefly, and to reserve the overplus monies of the laid duties for the difpofition of parliament; and for more effectual fuppressing private lotteries, and the fum of twenty two thousand three hundred twenty five pounds one shilling and nine pence intended to be supplied out of the furplus monies specified in the act laft before-mentioned, fhall be appropriated and applied and are hereby appropriated for or towards the several uses, intents and purposes herein expreffed, fubject nevertheless to such restrictions as are herein after prescribed that is to say, it is hereby enacted and declared, That out of all or any the aids or fupplies provided as aforesaid there fhall and may be iffued and applied any fum not exceeding five hundred and two thousand seven hundred and nineteen pounds ten fhillings and ten pence three farthings, to make good the deficiencies of the grants in parliament for the year one thouDeficiencies of fand feven hundred and eighteen; and any fum not exceeding the general one hundred and two thousand ninety two pounds thirteen fhilfund for the lings and one fifth part of a penny, to make good the deficiency year ended at Michaelmas of the fund commonly called the general fund, for raising seven 1718. hundred twenty four thousand eight hundred forty nine pounds fix fhillings ten pence and one fifth part of a penny per annum, for the year ended at Michaelmas one thousand seven hundred Naval services, and eighteen: and it is hereby enacted and declared, That out

Deficiencies

for the year 1718.

of all or any of the aids or fupplies provided as aforesaid there shall or may be iffued or applied any further fum or fums of money not exceeding nine hundred and fourteen thoufand fix hundred thirty eight pounds feventeen fhillings and fix pence halfpenny, for or towards the naval fervices following, that is to fay, for or towards defraying the charges of the ordinary of his Majesty's navy, and for half-pay to fea-officers; and for or towards victual, wages, wear and tear of the navy and victualling thereof performed and to be performed; and for or towards fea

fervice