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A

B I L L

(AS AMENDED BY THE COMMITTEE

To amend an Act of the Second Year of Her present

Majesty, for providing for the Custody of certain Monies
paid in pursuance of the Standing Orders of either
House of Parliament, by Subscribers to Works or
Undertakings to be effected under the Authority of
Parliament.

VU.

5

HERE as an Act was passed in the second year of the Preamble.

reign of Her present Majesty Queen Victoria, intituled, “ An Act to provide for the Custody of certain Monies paid in pursuance of the Standing Orders of either House of Parliament, by Subscribers to Works or Undertakings to be effected under the Authority of Parliament :” And whereas it is expedient that the said Act should be repealed and should be re-enacted, with such modifications, extensions and alterations as after mentioned; BE it therefore Enacted, by The QUEEN's most Excellent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in this present Parliament assembled, and by the Authority of the same, THAT the said Act shall be and is hereby repealed : Provided always, That all acts done under the provisions of the said 117, repealed.

Act shall be good, valid and effectual to all intents and purposes, and 15 that all sums of money paid under the provisions of the said Act shall ready paid in be dealt with in all respects as if this Act had not been passed.

rected by

10

1. 1 & 2 Vict. c.

Monies al

to be dealt with as di

former Act.

2.

And be it Enacted, That in all cases in which any sum

all cases in which any sum of money Authority to is required by any Standing Order of either House of Parliament, deposit. either now in force or hereafter to be in force, to be deposited by the Subscribers to any Work or Undertaking which is to be executed under the authority of an Act of Parliament, if the Director or person or Directors or persons having the management of the affairs of such

20

any such

Work or Undertaking, not exceeding Five in number, shall apply to the
Chairman of the Committees of the House of Lords, with respect to
any such money required by any Standing Order of the Lords Spiritual
and Temporal in Parliament assembled, or to the Chief Clerk of the
Private Bill Office of the House of Commons, with respect to any 5
money required by any Standing Order of the Commons in Parliament
assembled to be deposited, it shall be lawful for such Chairman or
such Chief Clerk, by warrant or order under his hand, to direct that
such sum of money shall be paid in manner hereinafter mentioned ;
(that is to say) into the Bank of England, in the name and with the 10
privity of the Accountant-General of the Court of Chancery in Eng-
land, if the Work or Undertaking in respect of which the sum of
nioney is required to be deposited is intended to be executed in
that part of the United Kingdom called England, or into any
of the Banks in Scotland established by Act of Parliament or 15
Royal Charter, in the name and with the privity of the Queen's
Remembrancer of the Court of Exchequer in Scotland, at the option
of the person or persons making such application as aforesaid, in
case such Work or Undertaking is intended to be executed in that
part of the United Kingdom called Scotland, or into the Bank of Ire- 20
land in the name and with the privity of the Accountant-General of
the Court of Chancery in Ireland, in case such Work or Undertaking
is intended to be made or executed in that part of the United King-
dom called Ireland ; and such warrant or order shall be a sufficient
authority for the Accountant-General of the Court of Chancery in 25
England, the Queen's Remembrancer of the Court of Exchequer in
Scotland, and the Accountant-General of the Court of Chancery in
Ireland, respectively, to permit the sum of money directed to be paid
by such warrant or order to be placed to an account opened or to
be opened in his name in the Bank mentioned in such warrant or 30
order.

3. Payment of Deposit.

35

And be it Enacted, That it shall be lawful for the person or persons named in such warrant or order, or the survivors or survivor of them, to pay the sum mentioned in such warrant or order into the Bank mentioned in such warrant or order, in the name and with the privity of the officer or person in whose name such sum shall be directed to be paid by such warrant or order, to be placed to his account there, ex parte the Work or Undertaking mentioned in such warrant or order, pursuant to the method prescribed by any Act or Acts for the time being in force for regulating monies paid into the said courts, and pursuant to the general orders of the said courts respectively, and without fee or reward; and every such sum so paid in, or the securities in or upon which the same may be invested as hereinafter mentioned, or the stocks, funds or securities authorized to be transferred or deposited in lieu thereof as hereinafter mentioned,

shall

40

5

shall there remain until the same, with all interest and dividends, if any, accrued thereon, shall be paid out of such Bank, in pursuance of the provisions of this Act : Provided always, That in case any such Director or person, Directors or persons, having the management of any such proposed Work or Undertaking as aforesaid, shall have previously invested in the Three per Centum Consolidated or the Three

per Centum Reduced Bank Annuities, Exchequer Bills or other Government Securities, the sum or sums of money required by any

such Standing Order of either House of Parliament as aforesaid, to 10 be deposited by the Subscribers to any Work or Undertaking which is

to be executed under the authority of an Act of Parliament, it shall be lawful for the person or persons named in such warrant or order, or the survivors or survivor of them, to deposit such Exchequer Bills

or other Government Securities in the Bank mentioned in such 15 warrant or order, in the name and with the privity of the officer or

person in whose name such sum shall by such warrant or order be directed to be paid, or to transfer such Government Stocks or Funds into the name of the officer or person; and such transfer or deposit shall

be directed by the said Chairman of Committees, or the said Chief 20 Clerk, as the case may be, in lieu of payment of so much of the sum

of money required to be deposited as aforesaid, as the same Exchequer Bills or other the Government Stocks or Funds will extend to satisfy, at the price at which the same were originally purchased by the said

person or persons, Director or Directors, as aforesaid, such price to 25 be proved by production of the Broker's certificate of such original

purchase.

4. And be it Enacted, That if the person or persons named in such Investment of

Deposit. warrant or order, or the survivors or survivor of them, desire to have

invested any sum so paid into the Bank of England or the Bank of 30 Ireland, or any interest or dividend which may have accrued on any

Stocks or Securities so transferred or deposited as aforesaid, the court in the name of whose Accountant-General the same may have been paid, may, on a petition presented to such court in a summary way by

him or them, order that such sum or such interest or dividends shall, 35 until the same be paid out to the parties entitled to the same in pur

suance of this Act, be laid out in the Three per Centum Consolidated or Three per Centum Reduced Bank Annuities, or any Government Security or Securities at the option of the aforesaid person or persons, or the survivor or survivors of them.

5. And be it Enacted, That on the termination of the Session of Par- Repayment

of Deposit. liament in which the Petition or Bill for the purpose of making or sanctioning any such Work or Undertaking shall have been introduced into Parliament, or if such Petition or Bill shall be rejected or finally withdrawn by some proceeding in either House of Par

40

5

liament, or shall not be allowed to proceed, or if the person or persons by whom the said money was paid or security deposited shall have failed to present a Petition, or if an Act be passed authorizing the making of such Work or Undertaking, and if in any of the foregoing cases the person or persons namned in such warrant or order, or the survivors or survivor of them, or the majority of such persons, apply by petition to the court in the name of whose Accountant-General the sum of money mentioned in such warrant or order shall have been paid, or such Exchequer Bills, Stocks or Funds shall have been deposited or transferred as aforesaid, or to the Court of io Exchequer in Scotland, in case such sum of money shall have been paid in the name of the said Queen’s Remembrancer, the court in the name of whose Accountant-General or Queen's Remembrancer such sum of money shall have been paid, or such Exchequer Bills, Stocks or Funds shall have been deposited or transferred, shall by order direct 15 the sum of money paid in pursuance of such warrant or order, or the stocks, funds or securities in or upon which the same may have been invested, and the interest or dividends thereof, or the Exchequer Bills, Stocks or Funds so deposited or transferred as aforesaid, and the interest and dividends thereof to be paid or transferred to the party or 20 parties so applying, or to any other person or persons whom they may appoint in that behalf; but no such order shall be made in the case of any such Petition or Bill. being rejected or not being allowed to proceed, or being withdrawn or not being presented, or of an Act being passed authorizing the making of such Work or Undertaking, 25 unless upon the production of the certificate of the Chairman of Committees of the House of Lords with reference to any proceeding in the House of Lords, or of the Speaker of the House of Commons with reference to any proceeding in the House of Commons, that the said Petition or Bill was rejected or not allowed to proceed, or was

30 withdrawn during its passage through one of the Houses of Parliament, or was not presented, or that such Act was passed; which certificate the said Chairman or Speaker shall grant on the application in writing of the person or persons, or the majority of the persons named in such warrant, or the survivor or survivors of them.

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