other Parishes or Places within his or their Dioceses or Jurisdictions respectively. XXXVIII. And be it further enacted, That this Act may be amended, altered or repealed by any Act to be passed in this present Session of Parliament. CA P. LXXIII. An Act for raising a Loan of Seven Millions five hundred thousand Pounds from the Commissioners for the Reduction of the National Debt. • Most Gracious Sovereign, [22d July 1822.] Act may be altered, &c. this Session. WHEREAS an Act passed in the Parliament of Great Bri. See c.89. post. tain, in the Twenty sixth Year of the Reign of His late 26 G.3. c.31. Majesty King George the Third, intituled An Act for vesting • certain Sums in Commissioners at the End of every Quarter of a Year, to be by them applied to the Reduction of the National • Debt: And Whereas an act passed in the Parliament of Ireland, § 13. in the Thirty seventh Year of the Reign of His said late Majesty, 37 G.3. (I.) intituled An Act for vesting a certain Fund in Commissioners at the End of every Quarter of a Year, to be by them applied to the Reduction of the National Debt; and to direct the Application of additional Funds, in case of future Loans, to the like Purposes: And Whereas an Act passed in the Parliament of the United Kingdom of Great Britain and Ireland, in the Fifty 56 G.3. c.98. sixth Year of the Reign of His said late Majesty, intituled An Act to unite and consolidate into One Fund all the Public Revenues of Great Britain and Ireland, and to provide for the • Application thereof to the general Service of the United Kingdom; and by the said last recited Act it is among other things ⚫ enacted, that so much of the said hereinbefore recited Act of the Parliament of Ireland, or of any Act for amending the same, as directs that certain Persons shall be Commissioners for carrying into Execution the Purposes of the said Act of the • Parliament of Ireland, shall be and the same is thereby repealed; and that from and after the Fifth Day of January One thousand eight hundred and seventeen, the Commissioners for 'the Reduction of the National Debt of Great Britain shall be and become Commissioners for the Reduction of the National 'Debt of the United Kingdom, and that the said Commissioners shall have all such Powers and Authorities as are or may be given in and by any Act or Acts in force in Great Britain or • Ireland, relative to the Reduction of the National Debt of Great • Britain or the National Debt of Ireland; and that the several Sums which, under and by virtue of several Acts in force in • Great Britain and Ireland respectively, are required to be set apart at the Receipt of the Exchequer of Great Britain and the Receipt of the Exchequer of Ireland respectively, on account of the Commissioners for the Reduction of the National • Debt of Great Britain, and of the National Debt of Ireland, ⚫ shall continue to be so set apart; and that all such Sums so set apart, or any Part or Parts thereof, shall and may be issued and paid from time to time into the Bank of England or into the • Bank of Ireland, as shall be directed and required by the Lord • High 'High Treasurer, or the Commissioners of His Majesty's Treasury of the United Kingdom of Great Britain and Ireland, for the time being, and shall be from time to time applied, under 'the Direction of the Commissioners for the Reduction of the 'National Debt, in the Purchase of such Capital Stock, Funds, 'Debentures or Annuities, or towards any Public Loan, either in 'Great Britain or Ireland, as shall seem most expedient to the 'said Commissioners for the Reduction of the National Debt of the United Kingdom; and that the Order of the said Commissioners for the Reduction of the National Debt of the United • Kingdom, shall at all times be sufficient Authority to the Governor and Company of the Bank of England, and of the Bank of Ireland, for the Application of any Part of the Money from time to time remaining in the Bank of England or Bank of Ireland, on account of the said Commissioners, to the Purchase of any 'Stock, Funds, Debentures or Annuities, or towards any Public Loan in Great Britain or Ireland: And Whereas the Commons ' of the United Kingdom of Great Britain and Ireland, in Parliament assembled, toward raising the necessary Supplies, have resolved, that the Sum of Seven millions five hundred thousand Pounds be raised by Annuities in manner hereinafter men⚫tioned: And Whereas the Commissioners under the said recited 'Act have agreed to subscribe the said Sum of Seven millions five hundred thousand Pounds in manner hereinafter mentioned ; that is to say, Seven millions three hundred and fifty thousand 'Pounds in Great Britain, and One hundred and fifty thousand • Pounds British Currency, being One hundred and sixty two thousand five hundred Pounds Irish Currency, in Ireland :' May it therefore please 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 Temposhall continue to ral, and Commons, in this present Parliament assembled, and by the Authority of the same, That all the Monies which have heretofore been issued, or are required or directed by any Act or Acts of Parliament to be issued to the said Commissioners for the Reduction of the National Debt of the United Kingdom, shall continue to be issued and placed to the Account of the said Commissioners as heretofore. The Money heretofore is sued to Com missioners of National Debt be so issued. 7,500,000l. to be paid by the Commissioners in the Propor tions and at the Times herein mentioned. II. And be it further enacted, That the said Commissioners shall and they are hereby required, out of the Monies which shall be issued and carried to their Account after the passing of this Act, to order and direct their Agent or Agents or proper Officers, to pay into the Receipt of His Majesty's Exchequer at Westminster on account of the said Loan of Seven millions five hundred thousand Pounds so agreed to be subscribed and advanced by the said Commissioners, the Sum of Two millions four hundred thousand Pounds within the Quarter of the Year ending on the Tenth Day of October One thousand eight hundred and twenty two, the Sum of Two millions seven hundred thousand Pounds within the Quarter of the Year ending on the Fifth Day of January One thousand eight hundred and twenty three, and the Sum of Two millions two hundred and fifty thousand Pounds within the Quarter of the Year ending on the Fifth Day of April One thousand eight hundred and twenty three, and to pay into the the Receipt of His Majesty's Exchequer in Dublin, the Sum of One hundred and fifty thousand Pounds British Currency, being One hundred and sixty two thousand five hundred Pounds Irish Currency, in the Quarter of the Year ending on the Fifth Day of April One thousand eight hundred and twenty three, in such Proportions, and at such Times in each of such respective Quarters, as the Lord High Treasurer of the United Kingdom of Great Britain and Ireland, or any Three or more of them for the time being, shall order and direct: Provided always, that no larger Sum in each Quarter than is before specified, and no further Sum in the Whole than Seven millions five hundred thousand Pounds, shall be so paid and advanced by the said Commissioners. III. And be it further enacted, That for every One hundred Commissioners Pounds of the said Sum of Seven millions five hundred thousand to be entitled so advanced, to Pounds so paid, advanced and contributed by the said Commis- for every 1001. sioners as aforesaid, the said Commissioners shall be entitled to the 1001. in the 3 per Principal Sum of One hundred Pounds in Annuities after the Rate Cent. Reduced, of Three Pounds per Centum, to commence from the Tenth Day and 241. 10s.7d. of October One thousand eight hundred and twenty two, and to in the 3 per be added to and made One Joint Stock with certain Annuities Cent. Consols. after the Rate of Three Pounds per Centum which were reduced from Four Pounds to Three Pounds per Centum by an Act made in the Twenty third Year of the Reign of His late Majesty King George the Second, and to be payable and transferrable at the Bank of England at the same time and in the same manner, and subject to the like Redemption, as the said Three Pounds per Centum Reduced Annuities; and to the further Principal Sum of Twenty four Pounds Ten Shillings and Seven Pence in Annuities after the Rate of Three Pounds per Centum, to commence from the Fifth Day of January One thousand eight hundred and twenty three, and to be added to and made One Joint Stock with the Three Pounds per Centum Annuities consolidated by the Acts of the Twenty fifth, Twenty eighth, Twenty ninth, Thirty second and Thirty third Years of the Reign of His late Majesty King George the Second, and by several subsequent Acts, and to be payable and transferrable at the Bank of England at the same time and in the same manner, and subject to the like Redemption, as the said Three Pounds per Centum Consolidated Annuities, which said respective Annuities shall be made Capital Stock in the Names of the said Commissioners; and the Dividends payable thereon shall be charged and chargeable upon, and payable out of the Consolidated Fund of the United Kingdom of Great Britain and Ireland, or any other Duties and Revenues which shall be appropriated for that Purpose by any Act or Acts of this present Session of Parliament; and such Capital Stock, and the Annuities arising therefrom, shall be deemed Part of the Stock and Annuities applicable by the said Commissioners to the Purposes of the Sinking Fund, and Annual Sums shall be issued for the Redemption thereof as a Sinking Fund, according to the Provisions of an Act passed in the Thirty second Year of the Reign of His late Majesty 32 G.3. c.55. King George the Third, intituled An Act to render more effectual an Act made in the Twenty sixth Year of His present Majesty's Reign, intituled An Act for vesting certain Sums in Commissioners at the End of every Quarter of a Year, to be by them applied to • the 53G.3. c. 35. When the above into the Exche- Certificates, in which Amount of the 3 per the Bank of such be placed to the who shall be entitled to the Dividends. the Reduction of the National Debt;' and to direct the Application of an additional Sum to the Reduction of the said Debt in case of future Loans; and of another Act passed in the Fifty third Year of the Reign of His late Majesty, intituled An Act to alter and amend several Acts passed in His present Majesty's Reign, relating to the Redemption of the National Debt, and for making further Provision in respect thereof: Provided always, that the first Quarterly Issue from the Exchequer of the said Sinking Fund for the Redemption of the said Stock created by virtue of this Act, shall commence on the Fifth Day of April One thousand eight hundred and twenty three. IV. And be it further enacted, That when the whole of the said Sum of Seven millions three hundred and fifty thousand Pounds shall have been paid into the Exchequer at Westminster, and the whole of the further Sum of One hundred and fifty thousand Pounds British Currency shall have been paid into the Exchequer in Dublin, by or on behalf of the said Commissioners, the Auditor of the said Exchequer at Westminster shall certify to the Commis sioners for the Reduction of the national Debt, that the Sum of Seven millions three hundred and fifty thousand Pounds has been so paid; and a similar Certificate shall be granted by the Auditor of the Exchequer in Dublin, or other proper Officer, that the whole of the said Sum of One hundred and fifty thousand Pounds British Currency has been paid into the Exchequer in Dublin ; which Two Certificates the said Auditors or other proper Officers Credit of the shall cause to be transmitted to the Commissioners for the ReCommissioners, duction of the National Debt, at their Office in London; and upon the Production and Deposit of the said Two Certificates with the Accountant General of the Bank of England, the Governor and Company of the said Bank shall thereupon cause the Amount of the Three Pounds per Centum Consolidated and Reduced Bank Annuities, at the said Rate of One hundred Pounds of Three Pounds per Centum Reduced Annuities, and Twenty four Pounds Ten Shillings and Seven Pence Three Pounds per Centum Consolidated Annuities, for every One hundred Pounds subscribed and paid by or on behalf of the said Commissioners in pursuance of this Act, to be written and entered to the Credit of the Account of the said Commissioners in the Books kept by the said Governor and Company for entering the Account of the said respective Annuities; and the said Commissioners shall, after the Production and Deposit of the said Certificates at the said Bank, be entitled, at the next Half yearly Period for the Payment of the Dividends upon the Three Pounds per Centum Consolidated and Reduced Annuities respectively which shall ensue after the full Payment of the said respective Sums of Seven millions three hundred and fifty thousand Pounds and One hundred and fifty thousand Pounds, to receive the Dividends upon the Amount of the said Three Pounds per Centum Consolidated and Reduced Annuities which shall have been entered to the Credit of the Account of the said Commissioners, from the Period when such Dividends are directed to commence by this Act. Treasury may V. And be it further enacted, That it shall and may be lawful issue the Money for any Three or more of the Commissioners of the Treasury of to such Services the United Kingdom of Great Britain and Ireland, or the Lord High Treasurer of the said United Kingdom for the time being, to issue and apply from time to time all such Sums of Money as shall be so paid into the Receipt of His Majesty's Exchequer to such Services as shall have been voted by the Commons of the United Kingdom of Great Britain and Ireland in this present Session of Parliament. VI. And be it further enacted, That it shall and may be lawful for the Governor and Company of the Bank of England, and the Governor and Company of the Bank of Ireland respectively, to advance or lend to His Majesty, at the Receipt of His Majesty's Exchequer at Westminster, or at the Receipt of His Majesty's Exchequer in Dublin, upon the Credit of the several Sums to be subscribed and advanced by the Commissioners for the Reduction of the National Debt in pursuance of this Act, any Sum or Sums Money not exceeding in the Whole the Amount of Seven millions five hundred thousand Pounds raised in virtue of this Act, any Act or Acts to the contrary notwithstanding; so that no greater or higher Sum, by way of Interest, Discount, Gratuity or other Consideration, shall be demanded or taken by such or any of the said Governors and Companies respectively, or by any Person on their Behalf, than at the Rate of Four Pounds per Centum per Annum for any Money so advanced. [The Amount of the Charge of the Loan by this Act stated and provided for. See Cap. 89. § 1. post.] CAP. LXXIV. An Act to amend the Laws relating to Bankrupts under Joint WHEREAS by the Laws now in force relating to Bank rupts, where a Joint Commission has issued against Two or more Persons, being Partners, under which Commission One ⚫ or more and not all of the Bankrupts may be entitled to have such Commission superseded, but may be unable to obtain such Supersedeas without the Consent of some or One of the Bankrupts not entitled to or not consenting to such Supersedeas, which 'may be attended with great Inconvenience: May it please Your Where a Joint Majesty that it may be enacted; And be it enacted by the King's Commission of most Excellent Majesty, by and with the Advice and Consent of Bankruptcy has issued, it may the Lords Spiritual and Temporal, and Commons, in this present be superseded Parliament assembled, and by the Authority of the same, That as to One or where a Joint Commission of Bankruptcy has issued, or shall here- more of the after issue, against Two or more Persons, it shall be lawful for the Bankrupts, Lord High Chancellor, Lord Keeper or Lords Commissioners of without Prejuthe Great Seal, to supersede such Joint Commission as to One or more of the Bankrupts, without Prejudice to the Validity of the Commission as to such One or more of the Bankrupts as to whom such Commission is not ordered to be superseded, or as to his, her or their Certificate or Certificates; but such Commission and Certificate, as to him, her or them, shall continue in full Force and Operation. CAP. dice to the Commission. |