A BIL L To amend an Act of the First and Second Years 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. [Note.-The Words printed in Italics are proposed to be inserted in the Committee.] 5 HEREAS Whereas an Act was passed in the second year of the Preamble: reign of Her present Majesty Queen VICTORIA, intituled, 2 Vict. "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effected under the Authority of Parliament:" And whereas it is expedient that the provisions of the said Act should be repealed and should be re-enacted, with such modifications, extensions and alterations as after mentioned; BE it therefore Enacted, by The QUEEN's most Excellent 10 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in this present Parliament assembled, and by the Authority of the same, THAT the said Act shall be and is hereby repealed: Provided always, That all acts and things made, done or executed under and by virtue of and in accordance with the provisions of the said Act, shall be good, valid and effectual to all intents and purposes. 15 And be it Enacted, That from and after the passing of this Act, any sum or sums of money paid under the provisions of the said Act of the 100. A second 1. 2. Monies already paid m to be repaid as directed by former Act. 3. Authority to deposit. second year of the reign of Her present Majesty, shall be paid out to the person or persons entitled to the same, in manner directed by the said Act, any thing contained in this Act to the contrary notwithstanding. 5 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 paid 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 any pro- 10 posed Work or Undertaking, not exceeding Five in number, shall apply to the Chief Clerk of the Parliament Office of the House of Lords, or to the Chief Clerk of the Private Bill Office of the House of Commons, with respect to any such money required by any Standing Order of the Lords Spiritual in Parliament assembled, or to any such money 15 required by any Standing Order of the Commons in Parliament assembled, for a certificate for the purpose of paying any such money in compliance with such Standing Orders of either House of Parliament as aforesaid, it shall be lawful for such Chief Clerks respectively, or in case of their death or absence, the Clerks next 20 in seniority for the time being, in case the plans, sections and estimate relating to such Work shall have been deposited in the said Parliament Office or in the said Private Bill Office, pursuant to the Standing Orders of either House for that purpose, to grant to the Director or Directors, person or persons making such application, a 25 certificate under their hands respectively, setting forth that the said plans, sections and estimate had been duly deposited, and the name and description of such Work or Undertaking, and name and place of abode or names and places of abode of such Director or Directors, person or persons so requiring the said certificate, the sum required 30 to be paid into the Bank, and the name or names in which the same is to be paid, and directing that such sum of money shall be paid in manner hereinafter mentioned, (that is to say) into the Bank of England, in the name of the said Director or Directors, person or persons named in the said certificate, if the Work or Undertaking in 35 respect of which the sum of money is required to be paid is intended to be executed in that part of the United Kingdom called England, or into the Bank of England in the name of such Director or Directors, person or persons, or into any of the Banks in Scotland established by Act of Parliament or Royal Charter, in the name of such 40 Director or Directors, person or persons, at the option of the person or persons producing such certificate 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 Ireland in the name of such Director or Directors, person or persons, in case such Work 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 5 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 Directors, 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 25 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. 40 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 hereinbefore 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 Undertaking 100. A 2 5. Investment of Deposit. 6. Repayment of Deposit. Undertaking mentioned in such certificate; and every such sum so paid 5 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. 20 And be it Enacted, That on the termination of the Session of Parliament 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 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 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 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 |