ARRANGEMENT OF CLAUSES.

Contributors for 1007. entitled to 1117. 2s. 2d. in the Three per Cent. Consols; Sect. 1.

Contributors who have made Deposits to pay the Remainder of Subscriptions by Instalments; 2.

Guardians may subscribe for Infants; 3.

Dividends on Stock when to be payable; 4.

Time at which Stock may be transferred; 5.

Contributors may anticipate Payments; 6.

Annuities payable and transferable at the Bank; 7.

Money may be issued out of the Consolidated Fund for Payment of Annuities and Charges in respect of 5,000,000l.; and shall be charged upon the said Fund; 8, 9.

The Bank to appoint a Cashier and an Accountant General, and the Treasury to order Money to be issued to the Cashier for Payment of Annuities; 10.

Cashier to give Receipt for Subscriptions which may be assigned before 4th April 1856; Cashier to give Security for paying the Money he receives into the Exchequer; 11.

Treasury may apply the Money paid into the Exchequer; 12.
A Book to be kept in the Accountant General's Office for entering
Contributors Names, a Duplicate whereof to be transmitted to the
Exchequer; 13.

Subscriptions paid in part and not completed, forfeited; 14.

Annuities to be deemed Personal Estate; 15.

Accountant General to keep Books for entering Transfers; Trans

fers not liable to Stamp Duties; 16.

Treasury to defray Incidents; 17.

Allowance for the Expense of Management; 18.

Three per Cent. Annuities shall be added to the Joint Stock of the Three per Cent. Consols; 19.

Sinking Fund; 20.

Persons counterfeiting Receipts for Contributions, &c. guilty of Felony; 21.

Bank to continue a Corporation till the Annuities hereby granted cease; 22.

No Fee to be taken for receiving Contributions or paying or transferring Annuities, on Penalty of 20.; 23.

Persons sued may plead the General Issue; 24.

A

BILL

FOR

Raising Five Millions by way of Annuities.

Most Gracious Sovereign,

W

E, Your Majesty's most dutiful and loyal Subjects, the Commons of the United Kingdom of Great Britain and Ireland, in Parliament assembled, being desirous to raise 5 the necessary Supplies which we have cheerfully granted to Your Majesty, have resolved that the Sum of Five Millions be raised by Annuities in manner herein-after mentioned; and do therefore most humbly beseech Your Majesty that it may be enacted; and be it 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, as follows:

10

tributor of

I. Every Contributor towards raising the said Sum of Five Every ConMillions shall for every One hundred Pounds contributed and paid 100%. en15 be entitled to the Principal Sum of One hundred and eleven Pounds titled to Treo Shillings and Twopence in Consolidated Annuities, after the in the Three Rate of Three Pounds per Centum, to commence and be payable as per Cent. herein-after mentioned.

1111. 2s. 2d.

Consols.

the Remain opened at the Bank of England for that Purpose, subscribed together der of Sub- the whole of the said Sum of Five Millions to be raised by Annuities, scriptions by Instalments. and made Deposits of Ten Pounds per Centum on the respective

Power to

5

Sums by them so subscribed to the said Sum of Five Millions with
the Cashiers of the Governor and Company of the Bank of England:
It shall and may be lawful to and for such Contributors who have
made such Deposits with the Cashier or Cashiers of the Governor
and Company of the Bank of England (which Cashier or Cashiers is
and are hereby appointed the Receiver and Receivers of such Contri-
butions, without any other Warrant to be had in that Behalf,) to 10
advance and pay unto the said Cashier or Cashiers of the Governor
and Company of the Bank of England the several Remainders of the
Sums by them respectively subscribed towards the said Sum of Five
Millions, on or before the respective Days and in the Proportions
herein-after mentioned; (that is to say,) Twenty Pounds per Centum 15
on or before the Twelfth Day of June One thousand eight hundred
and fifty-six; Twenty Pounds per Centum on or before the Twenty-
eighth Day of the same Month; Twenty Pounds on or before the
Twenty-fourth Day of July One thousand eight hundred and fifty-
six; Ten Pounds per Centum on or before the Twenty-eighth Day 20
of August One thousand eight hundred and fifty-six; and the
remaining Twenty Pounds per Centum on or before the Eighteenth
Day of September One thousand eight hundred and fifty-six.

III. It shall be lawful for any Guardian or Trustee having Guardians to the Disposition of the Money of any Infant to contribute and 25 for Infants. pay for or towards advancing the said Sum of Five Millions to be

contribute

Dividends on

to be pay

able.

raised by Annuities in manner aforesaid; and such Infant, upon the Payment of such Sum or Sums subscribed by such Guardian or Trustee, shall become a Contributor within the Meaning of this Act, and be entitled to have and receive the Annuities, Advantages, and 30 Payments in respect thereof, in such and the like Manner as any other Contributor; and such Guardian or Trustee as to the said Sum or Sums so advanced is hereby discharged, so as the Name of such Infant be expressed in the Receipt or Receipts for such Money.

IV. The several Contributors, their Executors, Administrators, 35 Stock when Successors, and Assigns, in respect of the said Sum of Five Millions, shall be entitled, for every One hundred Pounds by them respectively advanced and paid, to an Annuity after the Rate of Three Pounds per Centum, in respect of the said Principal Sum of One hundred and seven Pounds Ten Shillings and Sevenpence, to commence from 40 the Fifth Day of January One thousand eight hundred and fifty-six, until Redemption by Parliament in manner herein-after mentioned, which said Annuity shall be payable and paid half-yearly, by equal

Portions,