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charged, and so much of the Capital Stock so purchased and transferred as therein mentioned, and standing in the Names of the Commissioners for the Reduction of the National Debt in 'the Books of the Governor and Company of the Bank of Eng'land, as Parliament by any Act or Acts of the said Session should or might direct, should be cancelled, in like manner as if the same had been transferred to the said Commissioners for the Redemption of the Land Tax, pursuant to the Provisions of the several Acts thereunto relating, in order to make Provision for the Charge of any Addition to be made to the Public Funded Debt of Great Britain, by way of Loan or in any other manner, for the Service of the Year One thousand eight hundred and thirteen; and that when and so soon as such a further Amount of the Capital Funded Debt of Great Britain should have been purchased by the said Commissioners, or transferred to them for the Redemption of Land Tax, or the Purchase of Life Annuities, as together with the Amount so already purchased or transferred as aforesaid, should have produced an Interest or yearly Dividend equal in Amount to the whole annual Charge in perpetual redeemable Annuities of the Public Debt of Great Britain existing on the Fifth Day of January One thousand seven hundred and eighty six, the said Commis⚫sioners should thereupon certify and declare the same to the Lord High Treasurer or Commissioners of the Treasury for the time being, who should cause the said Certificate and Declaration to be published in the London Gazette, and to be laid before Parliament, (if Parliament should be then sitting,) but if Parliament should not be then sitting, then within Fourteen Days after the next Meeting of Parliament, and so from time to time, whenever such a further Amount of the Capital Funded Debt of Great Britain should have been purchased or transferred as aforesaid, as should be equal to the whole Capital, and 'should have produced an Interest or yearly Dividend equal in Amount to the whole annual Charge, in perpetual redeemable Annuities, of each Loan contracted since the said Fifth Day of January One thousand seven hundred and eighty six, the said • Commissioners should from time to time thereupon, in like manner, certify and declare the same to the Lord High Treaor Commissioners of the Treasury for the time being, who should in like manner cause every such Certificate and 'Declaration to be published in the London Gazette and to be laid before Parliament; and whenever any such Certificate and • Declaration should have been so made, published, and laid be'fore Parliament as aforesaid, the Amount of Public Debts to which such Certificate and Declaration should relate, should 'from time to time be deemed and taken to be wholly satisfied and discharged, and an equal Amount of Capital Stock, standin the Names of the said Commissioners in the Books of the 'Governor and Company of the Bank of England, or of the South Sea Company, should be considered to be redeemed by Parliament, and should from time to time be cancelled as above ' mentioned, at such Times and in such Proportions, as should be directed by any Act or Acts of Parliament to be passed for that purpose, in order to make Provision for the Charge of any

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§ 5.

• Addition to be made to the Public Funded Debt of Great Bri'tain, by way of Loan or in any other manner: And it was thereby further enacted, That whenever the Amount of the Sum to be raised by way of Loan, or in any other manner, which might create an Addition to the Public Funded Debt of Great Britain, in that or any future Year, should exceed the Sum which on the First Day of February should have been, or should be estimated to be applicable in the same Year, to the Reduction of the National Debt, then and in every such case, an Annual Sum amounting to the One hundredth Part of the Capital Stock created by so much only of the Monies raised by way of Loan, or in any other manner as aforesaid, in the Year, as should be equal to the Sum so estimated to be applicable to the Reduction of the National Debt within the same Year, should be issued at the Receipt of the Exchequer, to the Account of the said • Commissioners, in the manner directed by the said therein recited Act of the Thirty second Year of His present Majesty; and with respect to the Excess of the Monies which might be so received in any Year by way of Loan, or in any other manner as aforesaid, above the estimated Sum applicable to the Reduction of the National Debt within the same Year, such an Annual Sum as should be equal to One half of the Interest of such Excess, should be set apart out of the Monies composing the • Consolidated Fund, and should in like manner be issued at the Receipt of the Exchequer, to the Governor and Company of the Bank of England, to be by them placed to the Account of the 'said Commissioners: And Whereas the Sum which on the First Day of February One thousand eight hundred and twenty two, was estimated to be applicable in the present Year to the Reduction of the National Debt, amounted to Sixteen millions four hundred and eighty one thousand four hundred and ninety two Pounds; And Whereas the Charge for Interest of the Remainder ⚫ of the said Loan of Two millions five hundred thousand Pounds, will amount to the Annual Sum of Seventy thousand nine hundred and sixty nine Pounds and Thirteen Shillings: And Whereas it is expedient to make Provision for such Charge, in manner directed by the said first recited Act: We, Your Majesty's most dutiful and loyal Subjects, the Commons of the United Kingdom of Great Britain and Ireland in Parliament assembled, towards raising the necessary Supplies to defray Your Majesty's Public Expences, do most humbly beseech 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 Temporal, and Commons, in this present Parliament assembled, and by the Authority of the same, That the Sum of Two millions three hundred and sixty five thousand six hundred and fifty five Pounds Three Pounds per Centum Certain Consolidated Annuities, standing in the Names of the Commis- 31. per Cent. sioners for the Reduction of the National Debt, shall be cancelled on or before the Fifth Day of July One thousand eight hundred and twenty three, and the Interest or Dividends which would have been payable on the several Sums so cancelled, shall, from the Fifth Day of January One thousand eight hundred and twenty three, cease to be issued from the Receipt of the Exchequer, or to be Part of

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be

Consols, standing in the Names of the National Debt Commissioners cancelled, and

the Dividends

Consolidated
Fund.

Final Balance stated, and

Payment to be made by the Company, together with such further

Sum as herein mentioned.

East India Company, on Payment of the Money, to be finally discharged of Pay

ments herein mentioned.

be charged upon the Consolidated Fund, and the Money which would have been applicable to the Payment thereof, shall remain and be a Part of the growing Produce of the Consolidated Fund of Great Britain and Ireland, for the Purpose of defraying the Charge occasioned by the Addition made to the Public Funded Debt of Great Britain, by the Transfer of the said Charge of the Remainder of the said Loan of Two millions five hundred thousand Pounds as aforesaid.

II. And be it enacted, That the said Sum of One million three hundred thousand Pounds, shall be deemed and considered to be the final Balance of all Accounts to the Thirtieth Day of April now last past, between His Majesty, His Heirs and Successors, and the said United Company; save and except in respect of the said Loan under the said Act of the Fifty second Year of the Reign of His said late Majesty, and as hereinafter is mentioned; and that the same shall be applied and considered to be applied, as far as it will extend, in Satisfaction of the said Loan, and shall be deemed to have been reeeived by the said United Company on the Territorial and Political Account; and that it shall be lawful for the said United Company to pay or cause to be paid into the Receipt of His Majesty's Exchequer at Westminster, on or before the Tenth Day of October now next ensuing, the further Sum of Five hundred and eight thousand six hundred and seventeen Pounds, making, together with the said Sum of One million three hundred thousand Pounds and the said Sum of Forty eight thousand seven hundred and five Pounds, which has been paid by the said Company to the Commissioners for the Reduction of the National Debt, the said Sum of One million eight hundred and fifty seven thousand three hundred and twenty two Pounds, in full Satisfaction and Discharge of the said Loan; and the separate Account of the Redemption of the said Loan, required to be kept by the said recited Act of the Fifty second Year of the Reign of His late Majesty hereinbefore mentioned, shall, from and after the Fifth Day of July One thousand eight hundred and twenty two, cease and determine.

III. And be it further enacted, That from and after such Payment by the said United Company into His Majesty's Exchequer, as hereinbefore is mentioned, the said United Company shall be and they are hereby acquitted, exonerated and absolutely and for ever discharged of and from all further Payments whatsoever in respect of the Interest, Sinking Fund, Charges of Management or otherwise howsoever, under or by virtue of the said Act of the Fifty second Year of the Reign of His said late Majesty, or in any wise relating to or by reason of the Loan or Advance of Two millions five hundred thousand Pounds therein and hereinbefore mentioned; and that the said United Company shall be and they are fereby acquitted, exonerated and absolutely and for ever discharged of and from all Sums of Money due and owing by them for and on account of His Majesty's Troops serving in India, computed to the said Thirtieth Day of April One thousand eight hundred and twenty two, and from all Claims and Demands of His Majesty, His Heirs and Successors, in respect thereof, or on any Account whatsoever in relation to the Matters aforesaid, up to the said Thirtieth Day of April One thousand eight hundred

and

and twenty two, save and except as hereinafter is mentioned; and that all Accounts between the Paymasters General of His Majesty's Forces and the said Company, shall be held to have been closed on the Thirtieth Day of April One thousand eight hundred and twenty two; and that His Majesty, His Heirs and Successors, shall be acquitted, released and discharged of and from all Claims and Demands whatsoever of the said Company, in respect of any Sums of Money advanced or paid by them for the Service of His Majesty in the East Indies, or in relation to the Island of Saint Helena, or otherwise on any Account whatsoever in relation to the Matters aforesaid, to the said Thirtieth Day of April now last past, save and except as hereinafter is mentioned; and that all the Stores and Public Property which may now remain in the Island of Saint Helena, shall be and become the Property of the said United Company, for their own Use.

Public Property remaining in St. Helena to

become Property of Company.

Proviso for His Majesty's Claims, in resherein menpect of Spices tioned.

IV. Provided always, and be it further enacted, That nothing herein contained shall in any wise prejudice the Right of His Majesty, His Heirs or Successors, to any Spices belonging to His Majesty and now in the Possession of the said United Company, nor to the Proceeds of any such Spices as may have been sold by the said United Company on account of His Majesty and now unaccounted for; but His Majesty, His Heirs and Successors, shall have the same Right thereto and the same Remedies in respect thereof as if this Act had not been passed; and in like manner, And also for nothing herein contained shall in any wise prejudice the Right certain Rights of the said United Company, to all such Sum and Sums of Money of the Comas on the said Thirtieth Day of April now last past, was or were due, and owing or payable, by the Commissioners of His Majesty's Navy, for or on account of Hemp brought Home for and supplied to His Majesty, nor to Interest on any such Sum or Sums of Money; nor to any Bill or Bills of Exchange drawn or to be drawn in the East Indies on any Public Office or Offices of His Majesty's Government, in respect of current Public Services in India, prior to the said Thirtieth Day of April One thousand eight hundred and twenty two; but the said United Company and their Successors, shall have the same Rights thereto and Remedies in respect thereof, as if this Act had not been passed.

V. And be it further enacted, That the several Sums herein. before mentioned to have been and to be applied in Discharge of the Balance remaining of the said Loan of Two millions five hundred thousand Pounds shall be and be deemed and considered to be a Charge upon the Revenues of the Territorial Acquisitions in the East Indies, in like manner as the several Sums of Money which would have been payable or to be paid by the said United Company, for Interest and Sinking Fund and Charges of Management on the said Loan advanced to the said Company, under and by virtue of the said Act of the Fifty second Year of the Reign of His late Majesty, would have been chargeable upon such Revenues, if this Act had not been passed; any Law, Usage or Statute to the contrary thereof in any wise notwithstanding.

VI. And be it further enacted, That from and after the Fifth Day of July One thousand eight hundred and twenty two, the Interest or Annuities payable in respect of the Sum of One million nine hundred and eighty four thousand eight hundred and sixty

pany.

Sum paid to be
a Charge on

Territorial
Revenues in

the East Indies.

Interest, &c.
to be charged
on Consolidated
apart at Exche-

Fund, and set

one quer.

Commissioners

to certify to Bank Amount of Stock re

deemed to July 5, 1822, on ac

count of Loan of 2,500,000l.

to E. I. C., and on Pro

duction of Cer

tificate Stock so redeemed can

celled.

c. 31, ante.

Duties under
Commission-

one Pounds Reduced Three Pounds per Centum Annuities, and Three hundred and eighty thousand seven hundred and ninety four Pounds Consolidated Three Pounds per Centum Annuities, remaining to be redeemed of the said respective Sums of Three millions Reduced Three Pounds per Centum Annuities, and One million four hundred thousand Pounds Consolidated Three Pounds per Centum Annuities, created by the said Loan of Two millions five hundred thousand Pounds, together with the Charges of Management payable in respect thereof, shall be charged, and the same are hereby made chargeable upon the Consolidated Fund of the United Kingdom of Great Britain and Ireland; and so much Money shall be set apart and issued at the Receipt of the Exchequer in England, from Time to Time, out of the said Consolidated Fund of the United Kingdom of Great Britain and Ireland, to the Cashier or Cashiers of the Governor and Company of the Bank of England, as shall be sufficient to satisfy and pay the

same.

VII. And be it further enacted, That the Commissioners for the Reduction of the National Debt, or their Secretary, shall certify to the Governor and Company of the Bank of England the Amount of the Reduced Three Pounds per Centum Annuities, and the Amount of Consolidated Three Pounds per Centum Annuities, which shall have been redeemed by the said Commissioners, up to the Fifth Day of July One thousand eight hundred and twenty two, on account of the said Loan of Two millions five hundred thousand Pounds to the said United Company; and upon the Receipt of the said Certificate at the Bank of England, the said Governor and Company of the said Bank shall thereupon cause the Amount of the Reduced Three Pounds Centum Annuities and the Amount of the Consolidated Three Pounds per Centum Annuities specified in such Certificate to be cancelled and wrote off the Account of the said Commissioners in the Books of the said Governor and Company, and the Interest or Dividends which would have been payable thereon shall cease on and from the Fifth Day of July One thousand eight hundred and twenty two.

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CA P. XCIV.

per

An Act to provide for the Collection and Payment of the
Countervailing Duties and Drawbacks granted by an Act
of this present Session on Malt and other Articles im-
ported and exported between Great Britain and Ireland.
[30th July 1822.]

WHEREAS it is necessary to provide more effectually

for the Management, Collection and Application of the Duties and Drawbacks granted and made payable by an Act made in the present Session of Parliament, intituled An Act to grant Countervailing Duties, and to allow equivalent Drawbacks on Malt, Beer and Spirits imported and exported between Great Britain and Ireland: Be it therefore enacted by the King's most Excellent Majesty, by and with the Advice and Consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the Authority of the same,

That

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