in the Gazette

hundred pounds principal money, and in that proportion for
greater or leffer fums, at fuch day or days, time or times, to be
mentioned in fuch notice or notices for payment thereof, on this
fide and before the said first day of March one thousand seven
hundred twenty one, at the publick office of the fame governor
and company. And as to fuch of the faid debts and incum- As to fuch
brances for redemption whereof no notice is by law required, debts where of
no notice is by
it shall and may be lawful to and for the faid governor and com-
law required,
pany of merchants of Great Britain trading to the South-Seas company to
and other parts of America, and for encouraging the fishery, or give notice by
their court of directors for the time being, to give notice by writing on the
writing or writings to be affixed upon the Royal Exchange in Exchange or
London, or by publication or publications in the London Gazette, of the times
and thereby to appoint and ascertain a time or times for pay- for payment.
ment of and redeeming all or any such debts and incumbrances,
or fo many or fuch part or parts of them refpectively at a time,
as the fame governor and company, or their court of directors,
in regard to the abilities or circumftances of the fame company
fhall think fit; and that from and after the expiration of the
time and times to be mentioned in fuch notice or notices for pay-
ing off and redeeming the fame debts and incumbrances, or any
parts of them, every or any of them, fuch debts and incum-
brances (upon payment of the respective sum or fums of money
payable to the proprietors for fuch redemption, or tender there-
of at the publick office of the fame governor and company)
shall be and be adjudged to be redeemed, and the intereft and
the annuity payable in respect thereof, to the refpective proprie-
tors of fuch debts and incumbrances, fhall thenceforth ceafe and
determine to be payable to them, and in lieu thereof, an annuity
after such and the like rate, as the intereft-money and annuity
as is now payable for or in respect of such debts or incum-
brances, shall be from thenceforth paid and payable to the said
governor and company of merchants of Great Britain trading to
the South Seas and other parts of America, and for encouraging
the fishery, and their fucceffors, or to their cafhier for the time
being for their use, until and for the faid feaft-day of the nati-
vity of Saint John Baptift which shall be in the year of our Lord
one thousand seven hundred twenty feven; and from thenceforth
after the rate of four pounds per centum per annum, until redemp-
tion by parliament; and a proportional addition or additions in After 24 June
refpect thereof shall be made to their capital ftock, according to 1727, interest
the purport and true meaning of this act.
at 41. per cent.

XXI. And be it also further enacted by the authority afore- Company be-
said, That it shall and may be lawful to and for the faid go- forex March
vernor and company of merchants of Great Britain trading to 1721,may take
the South-Seas and other parts of America and for encouraging chafe or fub-
in, by pur-
the fishery, at any time or times before the said first day of March fcriptions, the
one thousand seven hundred and twenty one, to take in, by way annuities of
of purchase or subscriptions, all and every or any the above men- 96, 89, and 99
tioned annuities payable during the refpective remainders then years, &c.
to come and unexpired of the above mentioned terms of ninety

fix

at fuch prices

as fhall be nutually agreed on with the

proprietors.

If the proprietors are willing

to accept a fhare in the company's stock,

fix years, eighty nine years and ninety nine years, in this act before computed to amount in the whole to fix hundred fixty fix thoufand eight hundred twenty one pounds eight fhillings and three pence halfpenny per annum or thereabouts, and all the prefent and future eftates and interefts therein, and the refpective fecurities for the fame, fo as the fame annuities refpectively by fuch purchafes or subscriptions be effectually taken in for the whole refidues and remainders then to come and unexpired of the faid refpective terms of ninety fix years, eighty nine years and ninety nine years from the refpective proprietors thereof, at such price and prices as fhalf be agreed upon between the fame company, or their court of directors on their behalf, and those proprietors refpectively, and fo as the fame price or prices for fuch annuities be paid or fatisfied at the publick office of the faid South-Sea company in London, at fome time or times at or before the said first day of March one thousand feven hundred and twenty one; and to take in, by purchases or subscriptions, all and every or any the above mentioned lottery annuities in this act computed to amount to forty fix thousand two hundred and fixty pounds fix fhillings and one penny per annum, or thereabouts, for the faid whole term of twenty three years, reckoned from Michaelmas one thoufand feven hundred and nineteen, and the pay tickets for the fame, from the refpective proprietors, thereof, at such price or prices as shall be mutually agreed between the fame company, or their court of directors in their behalf, and the refpective proprietors of thofe annuities, so as fuch price or prices for the fame be paid or fatisfied at the publick office of that company in London, at fome time or times at or before the said first day of March one thousand seven hundred and twenty one; and to take in, by purchase or subscriptions, all and every or any the above mentioned annuities before in this act computed to amount to eighty one thousand pounds per annum, or thereabouts, for the faid whole term of twenty two years and three quarters of a year, reckoned from Christmas one thousand seven hundred and nineteen, or for the remainder of that term which shall be to come and unexpired at the quarter-day preceding the taking in of the fame, and the refpective fecurities for the fame, from the refpective proprietors thereof, at fuch price or prices as shall be mutually agreed be tween that company, or their court of directors on their behalf, and the refpective proprietors of thofe annuities, so as fuch price or prices for the fame be likewife paid or fatisfied at their publick office in London, at fome time or times at or before the said first day of March one thousand seven hundred and twenty

one.

XXII. Provided always, and it is hereby enacted by the authority aforefaid, That if all or any of the proprietors of all or any the faid redeemable debts and incumbrances computed in and by this act to amount to fixteen millions five hundred forty fix thousand four hundred eighty two pounds feven fhillings and one penny farthing, or thereabouts, fhall be willing and defirous

at

at the time of

at the time or respective times of fubfcribing or paying off the
fame, or any of them, to accept and take (in lieu of the faid
one hundred pounds per centum in money) a fhare or shares of
and in the capital or joint stock of the faid South-Sea company,
increased and to be increased pursuant to this act, at such price at fuch prices
or prices as shall then be mutually agreed by and between the as shall be mu-
fame company, or their court of directors in their behalf, and tually agreed
the said proprietors, or any of them, or if all or any the pro- fubfcribing,
prietors of all or any the faid annuities computed in and by this in lieu of mo
act to amount severally to fix hundred fixty fix thousand eight ney,
hundred twenty one pounds eight fhillings and three pence half-
penny per annum, forty fix thousand two hundred and fixty
pounds fix fhillings and one penny per annum, and eighty one
thousand pounds per annum, or thereabouts, shall be willing and
defirous, at the time or refpective times of taking in the fame,
or any of them, by purchase or fubfcriptions as aforefaid, to
accept and take (for and in lieu of their refpective annuities or
debts) a fhare or hares of and in the fame capital or joint stock
increased and to be increased pursuant to this act, at such rate
or rates for the faid stock as fhall then be mutually agreed by
and between the fame company, or their court of directors in
their behalf, and the faid proprietors, or any of them, that then fuch proprie
and in all and every such case and cafes the said several and re- tors thall be
spective proprietors fo defiring to accept (for or in lieu of their admitted inta
respective annuities or debts) fuch fhares in stocks, fhall be en- for fuch fhares.
titled thereunto accordingly, and the fame proprietors, whether
they be natives or foreigners, bodies politick or corporate, his, her
and their heirs, executors, adminiftrators, fucceffors and affigns
respectively shall have and enjoy and be entitled, by force and
virtue of this act, to have and enjoy of and in the faid capital
or joint stock of the fame company increased and to be in-
creased as aforefaid, fuch refpective fhares as aforefaid, and in
respect of such shares fhall be deemed and taken to be members
of the fame company, and be incorporated into the fame, and
fhall, in proportion to the fame fhares refpectively, have and be
entitled to the like benefits, powers, privileges and advantages,
as other members of that company fhall or ought to enjoy in
respect of their fhares in the faid capital ftock; and that all and
every fuch proprietor and proprietors, from the time or respec-
tive times of his, her or their agreeing, by contract, fubfcrip-
tion or otherwise, to accept such stock in lieu and fatisfaction
of his, her or their annuities, debts or other incumbrances be-
fore mentioned, fhall have credit in the books of the fame com-
pany for his, her or their proportion or fhare of and in the
whole capital or joint stock of the fame corporation increased
and to be increafed as aforefaid, and of and in all dividends,
profits and advantages whatsoever to attend the fame.

the company

whilst the
books are to

XXIII. And be it further enacted by the authority aforefaid, Proprietors That all and every proprietor and proprietors of the above men- may fubfcribe, tioned annuities and debts, or any of them, his, her and their executors, adminiftrators, fucceffors and affigns refpectively fhall be kept open, VOL. XIV.

M

have

on the terms

of the act.

have liberty by themselves refpectively, or by such person or perfons as they respectively thall think fit to employ in this behalf, during fuch time or times as the faid fubfcription-books fhall be kept open, to subscribe or write his, her or their annuity or annuities, debt or debts, or any of them, in fuch of the faid books as fhall be proper for that purpose, at fuch respective rates and prices, and upon such several and refpective terms and conExecutors,&c. ditions, as are before in this act prefcribed concerning the fame may fubfcribe. refpectively; and that all executors, adminiftrators, guardians

Persons who
Have accepted

fhares in the

capital stock,

muft deliver

up their orders

and tickets.

and trustees fhall have like liberty and power to make or caufe to be made the faid fubfcriptions and acceptance of money or ftock, for and on the behalf of their refpective teftators, inteftates, or of infants, minors, femes covert, ceftui que trufts or others for whom they are or fhall be respectively intrusted, and are and shall be, by virtue of this act, indemnified in and for doing the fame; nevertheless the share or interest which such executors, adminiftrators, guardians and trustees refpectively fhall, by virtue of fuch fubfcriptions as aforefaid, have or be entitled to in the capital or joint stock of the fame company increased and to be increased as aforefaid, fhall be subject and liable to the like uses, trufts and purposes, as the fame annuities and debts were or would have been liable, had not the same been taken in as aforesaid.

XXIV. Provided always, and be it enacted by the authority aforefaid, That all and every perfon and perfons or corporations, who thall be paid or fatisfied for his, her or their annuities, debts or incumbrances in money, or by acceptance of any fhare or shares in the faid capital ftock, or otherwife, at the refpective rates and prices by this act intended concerning the fame, fhall at the fame time deliver or cause to be delivered up to fuch person or perfons, or fuch or fo many of them, as the faid commiflioners of the treafury, or any three or more of them, or the high treasurer for the time being, thall in this behalf appoint, all the orders and tickets whereby fuch proprietors respectively were entitled to fuch annuities, debts or incumbrances, or any of them, whether the fame be any of the standing orders which were made forth and figned by any lord treasurer of commiflioners of the treasury for the time being, for payment of fuch of the faid annuities, or for payment of any principal fums with intereft for the fame, as were made payable at the receipt of the exchequer, or be any of the standing orders which were made forth and figned as aforefaid for payment of such annuities or principal fums with intereft, as were made payable in any of the particular offices, commonly called the lottery-offices, or be any of the pay-tickets which were made forth by the faid lot tery act of the year one thoufand feven hundred and ten, and were not subscribed into the capital stock of the said South-Sea company, pursuant to a subsequent act in that behalf, or by any of the fortunate tickets drawn on the faid two lottery acts of the fifth year of his Majefty's reign, or either of them, which shall firit have been chequed, proved and attefted as aforefaid.

XXV. Prof

&c. that or

XXV. Provided always, That if any of the proprietors of On affidavit, any the faid orders or tickets fo to be delivered up (not being a ders, &c. have Quaker) shall make oath by an affidavit in writing, or (being a been loft, fuch Quaker) fhall make a folemn affirmation in writing, that any the affidavit to be faid orders or tickets are loft, burnt or destroyed, and that he, taken instead the or they, for that caufe, cannot produce the fame, and that of the orders. fuch orders or tickets, if they could be produced, would be his, her or their own property at the time of making fuch oath or affirmation, and if the faid perfons to be appointed for taking in the faid orders and tickets, or any two or more of them (who have hereby power to take fuch oaths and affirmations refpectively, and to examine the parties concerning the fame) fhall be fatisfied in the truth thereof, then and in every such case, the said perfons to be appointed for taking in the orders and tickets, or any two or more of them, have hereby power to take in the faid affidavits or affirmations inftead of the orders or tickets to which they fhall have relation; any thing herein contained to the contrary notwithstanding.

to the exche

quer.

XXVI. And it is hereby further enacted by the authority a- The orders, forefaid, That the perfon or perfons to be appointed for taking &c. to be dein the faid orders and tickets, as aforefaid, fhall from time to livered with time, as foon as conveniently may be, after any of them, or lifts figned inany fuch affidavits or affirmations instead of any of them, shall be taken in, deliver the faid orders and tickets, affidavits and affirmations so taken in, with exact lifts thereof (the said lifts to be figned by the faid perfons fo to be appointed, or by two or more of them) into the office of the auditor of the receipt of the exchequer for the time being, there to remain for ever: and that no payments or iffues upon any the orders, tickets, affidavits or affirmations fo delivered up, fhall afterwards be made at the faid receipt of the exchequer, or in any the faid particular offices, unless it be for fuch arrearages of the faid annuities or interest-monies, for payment of which special provifion is afterwards made in and by this act; and that the particular duties, revenues, funds and provisions, charged with the payment And the funds of the annuities and debts which were payable by the faid orders, fhall be diftickets, oaths and affirmations fo delivered up, or any of them, charged therefhall from thenceforth be discharged of and from the fame, except as to the payment of the faid arrearages touching which special provifion is afterwards made in and by this act.

from.

annuities, &c.

XXVII. And be it further enacted by the authority aforefaid, Managers to That the above mentioned managers and directors to be confti- adjust and tuted in pursuance of this act, or any three or more of them, fign diftinct shall from time to time, as foon as conveniently may be, after accounts of opening the respective books by them to be opened, as afore- taken in or faid, until the faid first day of March one thousand feven hun- paid off, withdred and twenty one, make up, adjust and sign distinct accounts in the time of of all the annuities and debts which fhall have been taken in or paid off within the time of every fuch account fucceffively; that is to say, one account of all the annuities which within the time of the fame account shall have been taken as part of the said annuities

M 2

fuch account.