. [1720. in also mentioned, are declared and enacted to be a fund or fecurity for furnishing fuch proportions of ready money as are laft before mentioned for or towards exchanging and circulating all the faid exchequer bills, during their joint currency. And whereas in and by the act laft in part before recited, the commiffioners of his Majesty's treasury were impowered to issue or caufe to be issued by way of loan or advance the faid bills not exceeding one million to the South-Sea company, the fame corporation giving fecurity upon their annuity or yearly fund for repayment of the principal fum fo lent, with intereft, within fuch time as by that act was limited; and the commiffioners of the treasury, and bigh treasurer for the time being, are by that act directed and required to take efpecial care that upon repayment of the principal monies fo to be lent, the fame, with the intereft or increafe accruing thereupon, fhould be received aud applied in the first place to the paying off and difcharging the faid exchequer-bills for one million; and that the furplus thereof, after paying off and discharging the fame bills, should "be placed at the receipt of exchequer, to and for the fame uses to which the monies of the furpluffes, exceffes and overpluffes, commonly called the finking fund, are applicable; and that the faid South-Sea company shall make just account of the principal so borrowed, and the intereft and increafe thereof, and of the repayment of the fame printipal, with the faid intereft or increase thereof, into the exchequer in manner, as aforefaid; and in default of paying the said monies, with the faid intereft or increase thereof, then the commiffioners of the treafury, or any three or more of them, or the high treasurer for the time being, were thereby authorized and required to cause the monies fo lent to be stopt out of the monies which weekly or otherwife fhould be payable to the South-Sea company at the exchequer, for or upon their annuities or yearly fund, together with fo much more as the intereft of the faid monies fo unpaid fhall amount unto, and to caufe the principal and intereft fo flopt, to be applied and placed in the exchequer, as aforefaid; as by the faid feveral acts (herein before in part recited) relation being thereunto feverally had, doth more fully appear. And whereas the faid fum of five hundred and twenty thousand pounds, fince the making of the act last before in part recited, is compleatly Satisfied, or fufficient money is referved in the exchequer for that purpofe, and pursuant to the fame act, the faid exchequer-bills amounting to one million, were on the seventh day of June one thousand seven bundred and twenty (as by a certificate figned by the auditor of the receipt of the exchequer doth appear) issued by way of loan or advance to the faid South-Sea company, upon a fecurity under their common feal by an inftrument or writing, bearing date the fourth day of June one thousand feven hundred and twenty, for repayment of the fame in good and lawful money of Great Britain into the exchequer at Weftminfter at the end of one year, to be reckoned from the time of issuing the faid bills, with intereft after the rate of four pounds per centum per annum, as by the fame inftrument or writing, relation being thereunto had, may also appear : "now to the end that all the exchequer-bills for the faid sum of one million, and the intereft thereof, may effectually be discharged out of the monies to be repaid by the fame company, with the intereft thereof as aforefaid, at or

before

before the time herein after limited in that behalf, whereby the joint currency may cease, and the publick may be eased of the burthen and charge of contributing thereunto; and to the end the faid exceffes, furpluffes and overplus monies, called the finking fund, and other the publick monies aforefaid, after their being freed from the incumbrance of the exchequer-bills laft mentioned, may be at liberty to be applied towards leffening or reducing the publick debts and incumbrances, according to the true intent and meaning of this prefent act; it is hereby provided, enacted and declared by the authority aforefaid, That the faid corporation, called the South-Sea company, or their fuccef- South-Sea fors, at their own costs and charges, on or before the feventh company shall day of June which shall be in the year of our Lord one thousand repay into the seven hundred twenty two (although any affignment or affign-7 June 1722. ments before that time fhall or fhall not have been made to the 1000,000 1. faid other companies, or either of them, in purfuance of this with intereft, act, as aforefaid) fhall well and truly repay or cause to be repaid into the said receipt of exchequer the faid fum of one million, together with interest then due for the fame; and that upon such repayment the monies fo repaid, with the interest or increase accruing thereupon, fhall be applied in the first place to to be applied the paying off and discharging the faid exchequer-bills amount- to paying off ing to one million, with fuch intereft as fhall be due thereupon; the exchequer and that the furplus thereof, after paying off and difcharging the bills, &c. bills laft mentioned, fhall be placed and applied to the fame ufes to which the monies of the said finking fund are to be applied; and that an account of the monies fo borrowed and repaid, and of the intereft thereof, fhall be made, as by the faid former act was prescribed; and in default of repaying the said sum of one million, with the intereft or increase thereof, according to this act, then the annuity and annuities which shall be then payable In default at the receipt of the exchequer to the faid South-Sea company (ex- their annuities may be cept so much thereof as in the mean time shall or may have been affigned or transferred to the faid other companies, or either of them, as aforefaid) fhall and may be ftopt by the commiffioners of the treasury, or any three of them, or by the high treasurer for the time being, or by the officers of the exchequer for the time being; and the faid exchequer-bills amounting to one million fhall and may be called in and cancelled by and with the monies fo ftopt, in the manner prefcribed by the faid former act in that behalf.

ftopt.

XXXIX. And be it further enacted by the authority afore- After diffaid, That after difcharging the said exchequer-bills amounting charging to one million, with all the intereft which fhall be due there- those bills, &c, upon, and after paying off fuch publick debts and incumbrances carrying intereft or annuities after the rate of five pounds per centum per annum, or any higher intereft or annuity founded upon any former act or acts of parliament in that behalf, as may be redeemed before the faid feast of the nativity of Saint John Baptift one thousand seven hundred and twenty seven, or referving money fufficient in the exchequer for thofe purposes; then

&c. fhall be

of the three companies,

&c.

Then all the all the monies of the faid fum of three hundred twenty eight finking fund, thousand fix hundred seventy three pounds four fhillings and ten applied to- pence halfpenny, and of the faid furpluffes, exceffes and overwards paying plus monies, commonly called the finking fund, which then off part of the fhall or ought to remain in the receipt of the exchequer, and all capital stock the faid overplus (if any be) of the faid interest-monies, which shall be paid by the faid South-Sea company for the faid million lent as aforefaid, fhall immediately, or as foon as the monies then refting of the said finking fund can be computed, fhall be applied (fo far as the fame will extend) towards paying off and discharging fo much and such parts of the capital stock, which fhall then belong to the faid South-Sea company, and to the faid governor and company of the bank of England, and to the faid. East-India company, and to every or any of them respectively, as by the tenor and true meaning of this and the faid former act in that behalf are to carry annuities payable at the exchequer, after the rate of five pounds per centum per annum, till the twenfourth of June one thousand seven hundred and twenty-feven, and afterwards at the rate of four pounds per centum per annum, till redemption by parliament, and towards paying off and redeeming fo much of the fame annuities which fhall then be payable at the exchequer, in refpect of the capital stock which fhall be fo paid off and discharged; which application of the monies last mentioned fhall be made in proportion to the respective quantities of capital stock, which in pursuance of this and the faid former acts shall then appear to belong to the faid South-Sea company, and to the faid bank of England, and to the faid EaftIndia company, and every of them refpectively, and not otherwife.

All the monies

fund before

100,000!. for discharging part of the

capital ftock

of the faid companies,

XL. And it is hereby further enacted by the authority aforeof the finking faid, That all the monies of the faid furpluffes, exceffes and 24 June 1720, overplus monies, commonly called the finking fund, which affhall be appli- ter the application of fo much thereof as is in and by this act beed by even fore directed to be applied or reserved as aforefaid, shall arise and fums of be brought into the exchequer, at any time or times before the faid feast of the nativity of Saint John the Baptift which shall be in the year of our Lord one thousand seven hundred and twenty seven, fhall and may be applied, at the end of every year, fo far as the fame will from time to time extend, by even fums of one hundred thousand pounds at a time, for or towards paying off and difcharging part of the faid capital ftocks of the faid South-Sea company, and of the bank of England, and of the faid East-India company respectively, in proportion to the respective quantities of the faid ftock which shall then belong to those corporations respectively; and upon every payment to be made in pursuance and thereup of this act to the faid South-Sea company, and to the governor and on a propor- company of the bank of England, and to the faid Eaf- India tional part of their annuities Company, and every or any of them refpectively, of any part of their faid capital stock, a proportional part of their annuities or yearly funds, payable at the faid rate of five pounds per centum per annum, for fo much of the said capital ftock as shall be so

fhali ceafe.

paid

paid off from time to time, fhall ceafe and determine: and the faid commiffioners of the treafury, or any three of them, and the high treasurer for the time being, are hereby directed and authorized to cause the monies of the faid fum of three hundred twenty eight thousand fix hundred seventy three pounds four fhillings and ten pence halfpenny, and of the said surpluffes, exceffes and overpluffes, called the finking fund, and the faid overplus of the faid interest-monies, to be applied for or towards paying off the faid publick debts and incumbrances, and for or towards paying off the faid capital stock of the faid South-Sea company, and (in case of such affignment or affignments as aforefaid) of the faid capital stock of the faid other companies, and reducing a proportional part of their annuities or yearly funds, as this act directs; any former law or statute, or any other matter or thing whatfoever, to the contrary notwithstanding.

the exche

quer-bills.

XLI. Provided always, and it is hereby enacted, That if at Provifo for any time or times hereafter provifion fhall be made by authori- paying off and ty of parliament, in the lawful coins of this realm, placed in the difcharging exchequer, for paying off and discharging the faid exchequerbills for the faid fum of one million, the bills themselves which shall be so paid off, or for which fuch coined monies fhall be referved in the exchequer, as is prescribed in the act (laft in part 6 Geo.1. C.IO. before recited) fhall be difcharged therewith and cancelled, as is thereby directed: and if before the first day of March one thousand seven hundred and twenty one, or before the end of the sesfion of parliament then next enfuing, coined monies shall not be raised and brought into the exchequer for difcharging the bills laft mentioned; then all or any of the monies which fhall then remain in the exchequer, of the faid fum of three hundred twenty eight thousand fix hundred seventy three pounds four fhillings and ten pence halfpenny (if any fuch be) and all the monies which from and after fuch feffion of parliament shall quarterly arife of or for the said surpluffes and overplus monies, called the finking fund, or otherwise, as is mentioned in the act last in part before recited, fhall be applied for or towards discharging the faid exchequer-bills amounting to one million, till they fhall be all compleatly paid off and cancelled in the manner and form by the fame act prefcribed and intended; this prefent act, or any thing therein contained to the contrary notwithstanding.

CAP. VI.

An act for punishing mutiny and desertion, and for the better payment of the army and their quarters. EXP.

After 25 1722, none fhall wear in

$

1. to the informer, on

CAP. VII.

An act to preserve and encourage the woollen and filk manufaltures of this kingdom, and for more effectual employing the poor, by prohibiting the ufe and wear of all printed, painted, stained or dyed callicoes in apparel, houfhold stuff, furniture, or otherwife, after the twenty fifth day of December one thousand feven hundred and twenty two (except as therein is excepted).

W

HEREAS it is most evident, That the wearing and using of printed, painted, stained and dyed callicoes in apparel, houshold stuff, furniture, and otherwife, does manifeftly tend to the great detriment of the woollen and filk manufactures of this kingdom, and to the exceffive increase of the poor, and if not effectually prevented, may be the utter ruin and deftruction of the faid manufactures, and of many thousands of your Majefty's fubjects and their families, whofe livelihoods do intirely depend thereupon: for remedy thereof, may it please your moft excellent Majefty, That it may be enacted, and be it enacted by the King's most excellent majefty, by and with the advice and confent of the lords fpiritual and temporal and commons, in this prefent parliament affembled, and by the auDec. thority of the fame, That from and after the twenty fifth day of December which fhall be in the year of our Lord one thoufand Great Britain feven hundred and twenty two, it fhall not be lawful for any any garment perfon or perfons whatsoever to ufe or wear in Great Britain, in of printed, &c. any garment or apparel whatfoever, any printed, painted, ftaincallico, under ed or dyed callico, under the penalty of forfeiting to the inforthe penalty of mer the fum of five pounds of lawful money of Great Britain for every fuch offence, being lawfully convicted thereof by the oath conviction be- or oaths of one or more credible witness or witneffes before any fore a justice, one or more justice or juftices of the peace; which juftice or juand complaint ftices is and are hereby refpectively authorized and ftrictly endays after of joined and required, upon any complaint or information upon oath exhibited or brought of any fuch offence committed, contrary to this act, within fix days after commitment thereof, to fummon the party accufed, and upon his or her appearance or contempt to proceed to examination of the matter of fact, and upon due proof made thereof, either by voluntary confeffion of the party, or by the oath or oaths of one or more credible witnefs or witneffes (which oath or oaths the faid juftice or juftices is and are hereby refpectively impowered and required to adininifter) to hear and determine the fame, and upon fuch conviction to cause the said penalty, by warrant under his or their hand and feal, or hands and feals refpectively, to be levied by diftrefs and fale of the offender's goods and chattels, rendring to the party the overplus (the charge of such distress and fale being first deducted;) nevertheless it fhall be lawful for any party aggrievAppeal to fef. ed to appeal to the juftices of the peace at the next general quarfions, whofe ter-feffions to be holden for the county, city, riding or place. judgment fhall where the faid offence or offences fhall have been committed, be final.

within fix

fence com

mitted.

giving