| Ord. 31 anno 1868.] Lost or de stroyed Bonds may be re No. XLVIII. to be cancelled, and the Bond so cancelled shall be deposited in his office, and the new Bond shall bear the same number, date, and principal sum, and carry the same interest, and be subject to the same rules as the original Bond. 6. The Colonial, Receiver General, on proof to his satisfaction that any Bond issued under this Ordinance has by accident been lost or destroyed before the same shall have been paid off, may, if placed, or paid off if over due, the number and amount of such Bond shall be ascertained, and on security upon being furnished with due security for indemnifying the Colony being given. from any loss to which it may at any time be subject by reason thereof, issue a new Bond corresponding with the lost or destroyed Bond; or if any Bond so lost, or destroyed shall be overdue, he may, on such security as aforesaid being given, cause the money due thereon to be at once paid and discharged. Loan. 7. The moneys to be raised under this Ordinance shall be Application of advanced, and applied to the improvement of existing Villages, and the establishment of new Villages, in such amounts respectively, and in such manner, as the Governor and Court of Policy shall from time to time be pleased to direct. 8. The Colonial Receiver-General for the time being, for and Preferent lien on behalf of the Colony, shall have and is hereby declared to have of the Colony a preferent lien upon every such Village and the lands thereof, and all the rights, profits, and appurtenances thereto belonging, and upon the estate, right, title, and interest of all and singular the proprietors of such Village and its appurtenances, in and to the same, and upon the revenues, rates, and taxes arising and to arise. from and out of such Village, and the lands thereof, and the property therein, over and above all liens and mortgages thereon, legal and conventional, except liens and preferent rights of the Crown and the Colony, for repayment of all and every sum and sums of money which may be so advanced for the benefit of such Village under the provisions of this Ordinance, with interest thereon at the rate of six per centum per annum; and every such sum and sums of money shall be repaid to the Colonial Receiver-General with interest as aforesaid by every such Village and the Proprietors thereof in such instalments as the Governor and Court of Policy shall direct; but nothing herein contained shall prejudice, alter, or effect the preference or right of recovery now possessed by the Colony [Ord. 31 anno 1868.1 No. XLVIII. Colony with respect to monies heretofore advanced by the Colony on loan for the improvement of any of the Villages of the Colony. vering gums 9. In case of default of payment by any such Village and the Mode of recoproprietors thereof, of any one or more of the said instalments with advanced. interest as aforesaid, as and when the same shall respectively fall due and become payable, the Colonial Receiver General for the time being, for and on behalf of the Colony, may proceed forthwith by parate or summary execution against the said Village and the lands thereof, and the rights, profits, and appurtenances thereto belonging, and the estate, right, title, and interest of the proprietors of said Village and its appurtenances in and to the same, and the revenues, rates, and taxes arising and to arise from and out of the said Village, and the lands thereof, and the property therein, and may recover from the sale thereof the amount of every such unpaid instalment with interest as aforesaid. sufficient evi 10. In every such proceeding by parate or summary execution, What shall be the signature of the Colonial Receiver General for the time being, dence of claim. subscribed to any document setting forth, or containing a statement of, the amount claimed shall, without proof of such signature or of any other matter or thing, be held and deemed to be, in all Courts. and by all Judges and Magistrates, sufficient prima facie evidence of the amount claimed being in every particular correct. II. The preferent lien hereby created in favour of the Colony, Lien to continue until pay. shall subsist and continue in full force and effect, npon every ment in full with interest, Village in which money shall be advanced under this Ordinance, notwithstandand all the property thereof as aforesaid, until the whole amount ing change of advanced thereto with interest shall have been repaid in full to the Colonial Receiver General, notwithstanding any sale, transport, letters of decree, conveyance, or other devolution, of any Lots or portions of such Village or its appurtenances. title to pro“ perty. 12. The Governor and Court of Policy may at any time pass an Special secuOrdinance, to the purpose of giving the Colony special security in rity may be established by respect to any portion of the said loan that may be advanced to the Ordinance. Proprietors of any Village. 13. This Ordinance shall come into operation and take effect on Commencethe publication thereof, ment of Ordi nance, SCHEDULE. [Ord. 31 anno 1868. Ordinance No. 31 of 1868. SECTION 2.-"The Colonial Receiver General for the time being, for and on behalf of the Colony, shall issue Bonds for such last mentioned loan, in the Form annexed hereto or as near thereto as circumstances will admit, each of which Bonds shall be for the sum of four hundred and eighty dollars, or of nine hundred and sixty dollars, or of two thousand four hundred dollars, or of four thousand eight hundred dollars, or for any of the like amounts expressed in sterling money at the rate of four dollars and eighty cents to the pound sterling, payable to bearer at the expiration of twelve years after the date thereof respectively, and bearing interest at the rate of six per centum per annum, to be paid halfyearly: Provided that the total amount of such Bonds outstanding at any one time shall not exceed sixty thousand dollars." SECTION 3.-"In order to provide for the redemption of the said loan, there shall be established, at the expiration of one year, after the date of the first Bond issued under this Ordinance, a Sinking Fund, as a provision for the formation of which there shall be annually set apart during a period of twelve years from the date of such Bonds respectively, a sum equal to six per centum of the amount of the Bonds issued under this Ordinance." SECTION 4.-All the Colonial Revenues not specially appropriated by any Ordinance already in force, shall be held, and are hereby declared, to be pledged for the payment of the Principal and Interest to become due in respect of the said Bonds." Issued under Ordinance No. 31 of 1868. Village Improvement Loan Bond-Series No. The Colonial Receiver General of British Guiana will pay the bearer on the day of year's interest on the Bond No. Colonial Book-keeper. COUPONS. Interest Warrant No: being one half Colonial Receiver General. 18 at No. XLIX. XLIX. AN ORDINANCE TO PROVIDE FOR THE RAISING AND THE [Ord.32 anno REPAYMENT OF A LOAN, FOR THE PURPOSE OF WIDENING AND DEEPENING THE LAMAHA CANAL. Enacted 24th December, 1868, published the 2nd January following, came into operation on publication. [FRANCIS HINCKS, Governor.] 1868.1 WHEREAS at a meeting of the Honorable the Court of Policy Preamble. of British Guiana, combined with the Financial Representatives of the Inhabitants thereof, held on the fifteenth day of September, One Thousand Eight Hundred and Sixty-eight, it was resolved as follows: " "That the Court approves of the scheme submitted for the purpose of widening and deepening the Lamaha Canal, and "authorises the Governor and Court of Policy to issue Bonds not "exceeding $30,000, bearing interest at six per cent per annum, and repayable in fifteen equal annual instalments falling due annually "from the third year after issue of the first bond, and the repay. "ment of such loan with interest, to be secured in the manner set "forth in the petition presented by the President and Members of "the Committee of the Lamaha Fresh Water Canal;" and whereas it had been theretofore, in the petition in the foregoing Resolution referred to, proposed that the said sum of Thirty Thousand Dollars should be repaid, one fourth by the Mayor and Town Council, and that the remaining three-fourths should be assessed by the Committee of the said Fresh Water Canal on, and should be repaid by, the various Estates or Plantations concerned; and whereas the said several Estates or Plantatious as hereinafter enumerated, have, by Assessment of the said Committee, been made liable in the several and respective proportions hereinafter assigned to them, and whereas it is now necessary to give effect by legislation to the plan for the raising and repayment of the said Loan: Be it therefore enacted by His Excellency the Governor of British Guiana, with the advice and consent of the Court of Policy thereof, as follows: [Ord. 32 anno 1868.] No. XLIX. ceeding Thirty Thousand Dollars au. thorised. 1. The Colonial Receiver General, for and on behalf of the Loan not ex- Colony, shall raise by Loan, in manner and form following, and on the security hereinafter provided, a sum not exceeding Thirty Thousand Dollars, and shall lend and advance the same when raised, subject to the provisions of this Ordinance, to the Committee of tho Lamaha Fresh Water Canal, who are hereby authorised and empowered to borrow and receive the same, for the purpose of enabling them to widen and deepen the Lamaha Fresh Water Canaì in accordance with the scheme above mentioned. amouut. 2. The Colonial Receiver General, for and on behalf of the Bonds may be issued for the Colony, shall issue Bonds in the form annexed hereto, or as near thereto as circumstances will admit, each payable to bearer for such sum as the Governor shall approve, and to an amount not exceeding in the whole Thirty Thousand Dollars, and bearing interest payable half-yearly at the rate of six per centum per annum; and the amount of which Bonds shall be payable in fifteen equal annual instalments falling due annually from the third year after issue of the first Bond. 3. All the Colonial Revenues not specially appropriated by any Security for Ordinance already in force, shall be held, and are hereby declared, Loan on Colo. nial Revenues. to be pledged for the payment of the Interest and Principal to become due in respect of the said Bonds. may be replaced. 4. In case any Bond issued under this Ordinance shall by acciDefaced Bonds dent be defaced, the Colonial Receiver General may issue a new Bond to the bearer, and may cause the defaced Bond to be cancelled, and every Bond so cancelled shall be filed, and the new Bond shall bear the same number, date, and principal sum, and carry the same interest, and be subject to the same rules as the original Bond. Lost Bonds may be re placed, or paid off if overdue, on security, 5. The Colonial Receiver General on proof to his satisfaction that any Bond issued under this Ordinance has by accident been lost or destroyed before the same shall have been paid off, may, if the number and amount of such Bond shall be ascertained, and upon being furnished with due security for indemnifying the Colony for any loss to which it may at any time be subjected by reason thereof, issue a new Bond corresponding with the lost or destroyed Bond, or if any Bond, when so lost or destroyed shall be overdue, may, on |