E, Your Majesty's most dutiful and loyal Subjects, the Preamble. WR 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 10 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: entitled to I. Every Contributor towards raising the said Sum of Five Contributors Millions shall for every One hundred Pounds contributed and paid 107. 10s. 7d. 15 be entitled to the Principal Sum of One hundred and seven Pounds 3 per Cent. Ten Shillings and Sevenpence in Consolidated Annuities, after the Consols for Rate of Three Pounds per Centum, to commence and be payable as contributed, herein-after mentioned. every 100%. &c. II. And whereas, pursuant to and upon the Terms and Conditions Contributors 20 expressed in the said Resolution, several Persons have, in Books who have made Depoopened sits to pay [Bill 139.] A 2 A BILL ΤΟ Authorize Issues out of the Consolidated Fund for W HEREAS the Annuities or Parts of. Annuities mentioned Preamble. is expedient to authorize such Issues for the Redemption thereof as 5 herein-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, as follows: out of the I. In case the Commissioners of Her Majesty's Treasury shall Treasury 10 agree with the Persons or Person entitled thereto for the absolute may redeem Purchase of the said Annuities or Parts of Annuities, or any of Consolidated them, or any Part thereof respectively, for such Sum or respective Annuities in Sums as may appear to the said Commissioners to be a just Equivalent the Schedule. for the same, it shall be lawful for the said Commissioners, upon the 15 Execution in each Case of such a Release of the Annuity or Part of Annuity so purchased as the said Commissioners shall approve, to cause the Purchase Money for the same to be paid, as such Commis Fund the If Hereditary Fund, an annual Equivalent redeemed to to Annuities sioners shall direct, out of the growing Produce of the Consolidated Fund of the United Kingdom of Great Britain and Ireland; and no Issue for the Payment of such Purchase Money shall be made out of the gross Revenue charged with such Annuity or Part of Annuity. II. In case, upon the Decease of Her Majesty (whom God long 5 cease to form preserve), or at any Time afterwards, any Hereditary Revenues Part of Con- chargeable with any Annuity or Part of Annuity which shall be solidated redeemed under this Act, or heretofore chargeable with any Annuity or Part of Annuity which has been redeemed during Her Majesty's Reign, cease to be carried to or form Part of the said Consolidated 10 Fund, an annual Sum equal to the net annual Amount of the Annuity or Part of Annuity so redeemed shall from the Time of such Cesser be a Charge on the Hereditary Revenues on which the same was charged at the Time of the Redemption of such Annuity or Part of Annuity, and be paid to and form Part of the said Consolidated Fund so long 15 as such Hereditary Revenues cease to be carried to and form Part of such Fund. be charged on such Revenues. SCHE |