A BILL ΤΟ Enlarge and extend the Powers of an Act of the Ninth and Tenth Years of Her present Majesty, intituled "An Act to enable the Commissioners "of Her Majesty's Woods to construct a new Street from Spitalfields to Shoreditch." 66 [Note.--The Words printed in Italics are proposed to be inserted in the Committee. 5 W 66 c. 101. HEREAS by an Act passed in the Session of Parliament Preamble. held in the Eighth and Ninth Years of Her Majesty's Reign, intituled "An Act to continue until the Fifth Day 8 & 9 Vict. "of July One thousand eight hundred and sixty-two the Acts for regulating the Vend and Delivery of Coals in London and Westminster " and in certain Parts of the adjacent Counties, and to alter and amend "the said Acts," it was among other things enacted, that in order to provide a Fund for the opening of poor and densely populated Districts in the Metropolis, and for keeping open Spaces in the immediate Vici10 nity of the same, the Duty of One Penny per Ton on Coals, Culm, and Cinders brought near London by the Grand Junction or Paddington Canals or by the River Thames imposed by an Act of the First and Second Years of King William the Fourth, and by the Act now in recital and other Acts extended to Coals, Culm, and Cinders brought near 661. A London London by Railway, Inland Navigation, or other Mode of Conveyance, should after the Thirty-first Day of December One thousand eight hundred and forty-five be applied to the Creation of a Fund for the Execution of such Improvements in the Metropolis as Parliament might thereafter direct or sanction; and it was also enacted, 5 that after the said Thirty-first Day of December One thousand eight hundred and forty-five the said Duty of One Penny per Ton on Coals, Culm, and Cinders so imposed and extended as aforesaid should, from Time to Time, when and as received, be invested in the Purchase of Stock in some of the Public Stocks or Funds, or 10 upon Government or Real Securities, at Interest, in the Names of the Commissioners for the Time being of Her Majesty's Woods Forests, Land Revenues, Works, and Buildings, to an Account to be intituled "The Metropolis Improvement Fund Account," and that the said Commissioners should from Time to Time invest the yearly 15 Dividends or Interest of the Stocks, Funds, and Securities so to be purchased in their Names on the Account aforesaid in like Manner for the Purpose of Accumulation in the meantime, and until the said Fund should be required for and appropriated by Parliament to the Execution of Improvements in the Metropolis: And whereas by an- 20 other Act passed in the Session of Parliament held in the Ninth and 9 & 10 Vict. Tenth Years of Her Majesty's Reign, intituled "An Act to enable the "Commissioners of Her Majesty's Woods to construct a new Street c. 34. 3 & 4 Vict. c. 87. from Spitalfields to Shoreditch," after reciting, among other things, that in pursuance of the said herein-before in part recited Act the 25 Monies received from the Thirty-first Day of December One thousand eight hundred and forty-five to the Twenty-fifth Day of March One thousand eight hundred and forty-six, in respect of the said Duty of One Penny per Ton on Coals, Cinders, and Culm so created, imposed, and extended as aforesaid, had been laid out and vested in the Names 30 of the said Commissioners in the Purchase of Three thousand and thirty-one Pounds Seven Shillings and Eight-pence Three Pounds per Cent. Consolidated Bank Annuities, and such Annuities were then standing in the Names of the said Commissioners on the Account directed by the said Act, and reciting, that by an Act passed in the 35 Session held in the Third and Fourth Years of Her Majesty's Reign, intituled "An Act to enable Her Majesty's Commissioners of Woods, "Forests, Land Revenues, Works, and Buildings to make additional 66 Thoroughfares in the Metropolis," the said Commissioners were empowered, out of certain Monies and Funds therein specified, to form 40 several new Streets and Improvements therein particularly mentioned, and, among others, a new Street from the London Docks to Spitalfields Church, and reciting that the Commissioners appointed by Her Majesty to inquire into and consider the most effectual Means of improving the Metropolis, and of providing increased Facilities of 45 Commu Communication within the same, had by their Report, dated the Twenty-third Day of April One thousand eight hundred and fortyfive, (which had been laid before both Houses of Parliament by Her Majesty's Command,) humbly recommended to Her Majesty 5 that, out of any Monies to be thereafter raised as a Fund for Metropolitan Improvements, Provision should be made for the Completion of a Line of Street from Spitalfields Church to the Station of the Eastern Counties Railway in Shoreditch, in continuation of the new Street and Improvement then in progress of Formation by 10 the said Commissioners of Her Majesty's Woods under the Authority of the Act last therein-before recited, and that Her Majesty had been pleased to approve of the Recommendation of the said Commissioners, and that it was expedient in accordance therewith that the Commisioners of Her Majesty's Woods, Forests, Land Reve15 nues, Works, and Buildings should be empowered to form and open (in continuation of the Street from the London Docks to Spitalfields Church therein-before mentioned) a new Street and Thoroughfare from the North End of Commercial Street, Spitalfields, into Shoreditch, adjoining the Terminus of the Northern and Eastern 20 Counties Railway, and for the Purpose of providing a Fund to enable the said Commissioners of Her Majesty's Woods, Forests, Land Revenues, Works, and Buildings to effect the Objects aforesaid it was expedient that the said Commissioners should be authorized to raise out of or to charge the said Funds and Duties by 25 the said recited Act of the Eighth and Ninth Years of Her Majesty's Reign made applicable to the Improvement of the Metropolis as herein-before is mentioned with a Sum or Sums not exceeding in the whole the Sum of One hundred and twenty thousand Pounds, it was by the said Act now in recital enacted, that it should be lawful for 30 the Commissioners of Her Majesty's Woods, Forests, Land Revenues, Works, and Buildings for the Time being, and they were thereby authorized and empowered, to make, form, and complete the said intended new Street from the North End of Commercial Street, Spitalfields, into Shoreditch, and to carry the Purposes of the said Act into 35 execution in manner therein-after mentioned, and according to a Plan which had been submitted to and approved by the Commissioners of Her Majesty's Treasury, and the said Commissioners of Her Majesty's Woods, Forests, Land Revenues, Works, and Buildings were thereby incorporated for the Purposes of the said Act; and it was enacted, 40 that for providing a Fund for the Purposes of the said Act it should be lawful for the said Commissioners, with the Consent and Approbation of the Lord High Treasurer or of the Commissioners for executing the Office of Lord High Treasurer, from Time to Time or at any One Time, to levy and raise by the Sale of the whole or any Portion of the 45 Stocks, Funds, and Securities from Time to Time constituting the said Fund 661. Fund called "The Metropolis Improvement Fund," so created or appropriated by the said Act of the Eighth and Ninth Years of Her present Majesty as aforesaid, or by Charge upon all and singular the Duties and Revenue in and by the same Act made applicable to the Formation of such Fund, any Sum or Sums of Money not exceeding 5 in the whole the Sum of One hundred and twenty thousand Pounds, together with Interest on the Sum or Sums to be charged from the Time of charging the same not exceeding Five Pounds per Cent. per Annum; and it was enacted, that the Duties and Revenue so to be charged as aforesaid should be paid and applied in satisfaction and 10 discharge of all Monies to be charged thereon by the said Commissioners as aforesaid, and the Interest thereof, in such Manner and from Time to Time as the same should be received and as the said Commissioners should direct; and it was further enacted, that for the Purposes of the said Act it should be lawful for the said Commissioners, with 15 such Consent and Approbation as aforesaid, to borrow and raise any Sum or Sums of Money not exceeding in the whole the Sum of One hundred and twenty thousand Pounds upon the Credit of the said Monies and Interest so made chargeable as aforesaid, and thereupon to assign and dispose of such Monies and Interest in such Shares, and by 20 way of Debenture or otherwise, and with such Priorities, and in such Manner, as the same Commissioners should think fit as a Security for the Monies so to be borrowed; and it was further enacted, that for the Purpose of laying down and constructing the said intended new Street the said Commissioners for executing the Act now in recital 25 should have the same Powers, Authorities, Privileges, and Exemptions as in and by the said Act of the Third and Fourth Years of Her present Majesty were given to the Commissioners of Her Majesty's Woods, Forests, Land Revenues, Works, and Buildings, for the Purpose of or with reference to the laying down and constructing the 30 several new Streets and Improvements therein specified, so far as the same should be applicable to the said intended new Street, and also that all Powers authorizing incapacitated Persons to convey in the said Act contained should extend to all the Lands and Hereditaments to be taken under the Act now in recital, and that all and 35 singular the Enactments, Exemptions from Stamp Duties, and Provisions in the said before-mentioned Act contained should be construed in all respects as if the said Act had been passed for the Purpose of authorizing the laying down and Construction of the new Street by the Act now in recital authorized to be laid down and constructed, 40 and for the Purchase and taking of Hereditaments, and for the leasing, selling, managing, and disposing of the Hereditaments to be taken, and the Buildings to be erected thereon, and as if the Hereditaments comprised in the Schedule to the Act now in recital had been comprised in the Schedule to the said Act of the Third and Fourth Years 45 of of Her present Majesty, and as if the Monies authorized to be raised by the Act now in recital had been authorized to be raised by the said last before-mentioned Act, and as if the said Street by the Act now in recital authorized to be made had been by the said before5 mentioned Act authorized to be made, except that with respect to any Monies payable into the Bank of England the same should be paid to the Account of the Accountant General of the Court of Chancery, in like Manner as Monies were by the said Act of the Third and Fourth Years of Her present Majesty directed to be 10 paid to the Account of the Accountant General of the Court of Exchequer And whereas the said Commissioners of Her Majesty's Woods, Forests, Land Revenues, Works, and Buildings, so incorporated as aforesaid, have proceeded to carry the said Act into execution, and for the Purposes thereof have raised, partly by 15 Sale of Stock invested in their Names on the said Metropolis Improvement Fund Account, and partly by Mortgage of the Duties and Revenue made applicable to the Formation of such Fund, divers Sums of Money amounting in the whole to the full Sum of One hundred and twenty thousand Pounds, which by the said last20 recited Act they were empowered to raise as aforesaid, and they have expended the greater Part of the Monies so raised by them as aforesaid in the Purchase of Houses, Lands, and Hereditaments required for the said intended new Street, and otherwise in carrying the said Act into execution: And whereas the Monies remaining unexpended in 25 the Hands of the said Commissioners will not suffice to purchase the Houses, Lands, and Hereditaments yet remaining to be purchased for the Formation of the said intended new Street, and to construct, open, and complete the same; and although it is estimated that the ultimate net Cost of the said new Street and Improvement will not exceed the 30 before-mentioned Sum of One hundred and twenty thousand Pounds by the said last-recited Act appropriated to the Formation thereof, additional Sums of Money will be required to cover the first Outlay which must be incurred in acquiring and clearing the Ground required for the said Street, and in forming and paving the same, and construct35 ing Sewers and Drains in and over the same; and it is expedient that the said Commissioners should be empowered to raise such additional Sums of Money by Sale of a further Portion of the Stock now constituting the said Metropolis Improvement Fund, or by further Charge upon the said Duties or Revenue by the said recited Act of the Eighth 40 and Ninth Years of Her present Majesty made applicable to the Improvement of the Metropolis as aforesaid: And whereas by the said 3 & 4 Vict. Act of the Third and Fourth Years of Her Majesty's Reign, recited or referred to in the said Act of the Ninth and Tenth Years of Her Majesty's Reign last herein-before recited, it was among other things 45 enacted, that if the said Commissioners of Her Majesty's Woods, 661. B Forests, c. 87. |