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Work or Undertaking is intended to be made or executed in that part of the United Kingdom called Ireland; and such certificate shall be a sufficient authority for the Governor and Company of the Bank of England and Bank of Ireland, or to the Manager or Managers of any of the Banks established as aforesaid in Scotland, respectively to receive any sum or sums of money, and to permit the sum of money directed to be paid by such certificate, to be placed to an account opened or to be opened in the name of any such Director or Direc

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tors, person or persons named in such certificate as aforesaid, ex parte 10 the Work or Undertaking in respect of which the said sum is to be paid as aforesaid in the Bank mentioned in such certificate: 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 the sum or 15 sums of money required by any such Standing Order of either House of Parliament as aforesaid, to be paid by the Subscribers to any Work or Undertaking which is to be executed under the authority of an Act of Parliament, in the Three per Centum Consolidated or the Three per Centum Reduced Bank Annuities, Exchequer Bills or other 20 Government Securities, it shall be lawful for him or them, upon production of such certificate as aforesaid, to deposit such Exchequer Bills or other Government Securities with, or to transfer such Government Stocks or Funds into the name of the Governor and Company of the Bank of England, the Manager or Managers of any of the said Banks established in Scotland, or the Governor and Company of the Bank of Ireland as aforesaid, as the case may be; and such transfer or deposit shall be accepted by the said Governor and Company of the Bank of England, by the Manager or Managers of any of the said Banks established in Scotland, and by the said Governor and Company of the Bank of Ire30 land respectively, at the price at which the same Exchequer Bills or other the Government Stocks or Funds were originally purchased by the said person or persons, Director or Directors as aforesaid, such price to be proved by production of the Broker's certificate of such original purchase, and any such deposit or transfer shall be deemed and 35 taken as a good and valid payment of the sum or sums of money required by any Standing Order of either House of Parliament to be paid by the Subscribers to any Work or Undertaking to be executed

under an Act of Parliament as aforesaid.

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And be it Enacted, That it shall be lawful for the Director or Directors, person or persons named in such certificate, or the survivors or survivor of them, to pay the sum mentioned in such certificate in manner herein before mentioned into the Bank mentioned in such certificate, in the name of the Director or Directors, person or persons in whose name such sum shall be directed to be paid by such certificate, to be placed to his or their account there, ex parte the Work or

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Payment of
Deposit.

5. Investment of Deposit.

6. Repayment of Deposit.

Undertaking mentioned in such certificate; 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 as aforesaid, 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.

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And be it Enacted, That if the said Director or Directors, person
or persons named in such certificate, or the survivor or survivors of
them, or the majority of them, desire to have invested any sum so paid
into the Bank of England or the Bank of Ireland, or into any of the 10
Banks of Scotland established as aforesaid, it shall be lawful for the
said Governor and Company of the Bank of England and Bank of
Ireland, and the Manager or Managers for the time being of
any of the Banks in Scotland established as aforesaid respectively, at
the request of the said Director or Directors, person or persons, or 15
the majority of them, to lay out such sum until the same be paid out
to the parties entitled to the same in pursuance of this Act, in the
Three per Centum Consolidated or Three per Centum Reduced Bank
Annuities, or any Government Security or Securities.

And be it Enacted, That on the termination of the Session of Par-
liament in which the Petition or Bill for the purpose of making or
sanctioning any such Work or Undertaking shall have been intro-
duced into Parliament, or if such Petition or Bill shall be rejected or
finally withdrawn by some proceeding in either House of Parliament,
or shall not be allowed to proceed, or if the Director or Directors, 25
person or persons by whom the said money was paid or security depo-
sited 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 or
either of the foregoing cases the Director or Directors, person or
persons named in such certificate, or the survivor or survivors of them, 30
or the majority of such persons, apply to the Governor and Company
of the Bank of England, in case such money shall have been paid
into the Bank of England, or into any of the Banks established in
Scotland as aforesaid, or to the Governor and Company of the Bank
of Ireland, in case such money shall have been paid into the Bank of 35
Ireland, such Governor and Company of the Bank of England and
Ireland respectively, and such Manager or Managers of any of the
Banks in Scotland established as aforesaid, are respectively authorized
to pay the sum of money paid in pursuance of such certificate, or to
transfer the stocks, funds, or securities deposited as aforesaid, or upon 40
which the money paid in may have been invested, and the interest or
dividends thereof, to the said Director or Directors, party or parties so
applying, or to any other person or persons whom they may appoint in
that behalf: Provided also, That no such payment or transfer shall be
made

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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 if an Act be passed authorizing the making of such Work or Undertaking, unless upon the production of the certificate of the Chairman of Committees of the House of Lords or of the Speaker of the House of Commons, that the said Petition or Bill was rejected or not allowed to proceed, or was withdrawn during its passage through either of the Houses of Parliament, or was not presented, or that an Act was passed, which certificate the said Chairman or Speaker shall 10 grant on the application in writing of the person or persons, or the majority of the persons named in such certificate, or the survivor or survivors of them.

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HEREAS 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: 1 & 2 Vict. c. 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

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Monies al

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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.

to be dealt with as directed by former Act.

BIL 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.

And be it Enacted, That in all cases in which any sum of money is required by any Standing Order of either House of Parliament, 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

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Authority to deposit.

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