tinued at the Bank of Eng. land for the Purpose. Bank to continue the Ac for executing this Act. the Reduction of the National Debt on account of the Public Works Loan Fund," and which Account the Governor and Company of the Bank of England shall and they are hereby required to continue in their Books accordingly, and to which Account shall be carried all such Monies as shall be issued and paid out of the Consolidated Fund for the Purposes aforesaid; and the said Commissioners for the Reduction of the National Debt shall continue and keep or cause to be continued and kept in their Office a Book or Books, in which all the Monies transferred to their Account by virtue of this Act and the said last-recited Act shall be entered and kept separate and apart from all other Monies, and such Monies shall be by them held subject to the Disposal, Orders, and Directions of the said Commissioners of the said recited Acts and of this Act for the Purposes of such Loans and Advances as by the same Acts or the Acts relating thereto, or this Act, are directed or authorized to be made, and for other the Purposes herein-after mentioned. III. And be it enacted, That the Governor and Company of the Bank of England shall and they are hereby required to continue count already opened with the the Account already opened in their Books with the Commissioners Commissioners for the Execution of this Act and of the said recited Acts, under the Title of "The Commissioners for the Issue of Loans for Public Works and Fisheries, &c.," to the Credit of which Account shall be carried all Principal and Interest Monies which shall from Time to Time become payable in respect of Loans made or to be made under the said recited Acts or this Act, and which shall be paid to the Cashiers of the said Bank of England upon such or the like Certificates under the Hands of the said Commissioners of the said recited Acts and of this Act as have been heretofore used for such Purpose in regard to Exchequer Bill or other Loans as directed by the said recited Acts, or some or one of them, in such or the like Manner in all respects as if the Clauses and Provisoes in the said recited Acts with respect to such Payments and Certificates had been repeated and re-enacted in the Body of this Act, or as near thereto as the Difference of the Circumstances will admit. Part of Con. Money paid IV. And be it enacted, That all and every Sum and Sums of to the Account Money which shall be paid into the Bank of England to the of Commission Account of the Commissioners for executing this Act, under and ers for executing this Act to make by virtue of this Act, shall from Time to Time, immediately on such Payments being made to the said Account, be transferred by the Governor and Company of the Bank of England to the Account kept by the said Bank of England with Her Majesty's Exchequer, and when so transferred shall be carried to and made Part of the Consolidated Fund of the United Kingdom of Great Britain and Ireland. solidated Fund. Commissioners for executing recited Acts to be Commission. ers for executing this Act. V. And be it enacted, That the several Persons who in and by the said recited Acts, or any of them, are named or constituted Commissioners for the Execution of the said Acts, or so many of them as shall be living at the Time of passing of this Act, shall be and they and all future Parties so constituted are hereby constituted Commissioners for the Execution of the said recited Acts and this Act, and all Acts authorized by the said recited Acts and this Act to be done and executed by the said Commissioners may be done and executed by any Three or more of them. VI. And be it enacted, That the said Commissioners named in Commissioners and by the said recited Acts or either of them, shall, before they to sign the folenter upon the Execution of this Act, sign a Declaration to the lowing Decla. following Effect: A.B. do declare, That according to the best of my Judgment I will faithfully and impartially execute the several Duties, Powers, and Trusts vested in me by an Act, intituled [insert Title of this Act], according to the Tenor and Purport of the said Act and the Acts therein recited, and other Acts having reference thereto :' And that such Declaration shall be kept and entered with the other Proceedings of the said Commissioners. ration. Amount of Monies to be advanced under certified to the Commissioners this Act to be VII. And be it enacted, That when and so soon as the said Commissioners for the Execution of the said recited Acts and this Act shall have determined upon any Amount of Money to be advanced and lent or paid under the Provisions of this Act, the said Commissioners, or any Three or more of them, shall forth with certify such Amount to the Commissioners for the Reduction for the Reducof the National Debt for the Time being, and at the Foot of every tion of the Nasuch Certificate the Secretary of the said Commissioners for the tional Debt. Execution of the said recited Acts and this Act shall state the Name or Names of the Person or Persons by whom every such Certificate is to be presented to the said Commissioners for the Reduction of the National Debt; and upon every such Certificate being produced to the Officer of the said Commissioners for the Reduction of the National Debt the Comptroller General or Assistant Comptroller, or Chief Clerk acting under the said last-named Commissioners, shall upon the Back of every such Certificate endorse and sign an Order for the Payment of the Sum mentioned in every such Certificate to the Person or Persons named at the Foot of every such Certificate, or to One of such Persons, and which Order of such Officer, previous to the issuing thereof, shall be entered by the Clerk or other proper Officer, and shall be countersigned by the Actuary or other Check Officer acting under the said last-named Commissioners, and shall be addressed to the Cashiers of the Governor and Company of the Bank of England; and such Cashiers, or One of them, shall, upon the Production of every such Order, pay the Sum mentioned therein to the Person or Persons mentioned in every such Order; and the Signature of such Person or Persons, jointly or severally, shall be a sufficient Discharge to the said Commissioners for the Reduction of the National Debt, and to the said Governor and Company respectively, provided the total Amount directed to be paid by such Certificate or Certificates respectively shall not at any Time exceed the Amount for the Time being standing to the Credit of the said Account of the said Commissioners for the Reduction of the National Debt under the Provisions of this Act or of the said last-recited Act. VIII. And be it enacted, That the Commissioners for the Reduc- Commissioners tion of the National Debt shall cause to be made up, for Examina- to furnish annual tion and Audit, an annual Account to the Thirty-first Day of Account of the December in each Year of the Receipts, Payments, and Balances 9 & 10 VICT. Kk on Fund for Audit. Powers, &c. of recited Acts to Force as if reenacted in this have the same Act. Act may be amended, &c. on the said Account so directed to be kept by them in respect of the said Public Works Loan Fund as aforesaid, and shall deliver the same to the Commissioners for auditing the Public Accounts at Somerset Place. IX. And be it enacted, That all and every the several Clauses, Powers, Authorities, Provisoes, Enactments, Directions, Regulations, Restrictions, Privileges, Priorities, Advantages, Penalties, and Forfeitures contained in the said recited Acts, or any of them, so far as the same can be made applicable and are not varied by this Act, shall be taken to extend to this Act, and to every thing to be done in pursuance of this Act, and as if such Clauses, Powers, Authorities, Provisoes, Enactments, Directions, Regulations, Restrictions, Privileges, Priorities, Advantages, Penalties, and Forfeitures were herein repeated and set forth. X. And be it enacted, That this Act may be amended or repealed by any Act to be passed during the present Session of Parliament. 6 6 An Act for regulating the Deduction at the Bank of England of Income Tax Duty in respect of certain Offices. [26th August 1846.] WHEREAS certain Salaries, Compensations, and Pensions are by several Statutes charged upon and payable with'out Draft out of Cash standing in the Books of the Governor and Company of the Bank of England in the Name of the Accountant General of the High Court of Chancery to the respective Accounts, intituled "Account of Interest arising 'from Monies placed out for the Benefit and better Security of the Suitors of the High Court of Chancery," and "Account of Interest arising from Securities purchased with surplus Interest arising from Securities carried to an Account of Monies placed out for the Benefit and better Security of the Suitors of the High Court of Chancery:" And whereas the Income Tax Duty in respect of the Dividends composing the Cash standing to such 'several Accounts is deducted therefrom at the Bank of England previously to carrying such Dividends to the Credit of the said Accountant General, and it is therefore expedient that in paying such Salaries, Compensations, and Pensions an Amount equivalent to such Duty be deducted therefrom at the Bank of England: 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 Income Tax assembled, and by the Authority of the same, That from and after Duty to be de- the passing of this Act the proportionate Amount of Income Tax ducted at Bank Duty which shall have been deducted from the Dividends comof England on posing the Cash standing to the Credit of the said Accountant Payment of Salaries, &c. General to the aforesaid respective Accounts in the Books of charged upon the Governor and Company of the Bank of England be deducted Suitors Funds by the said Governor and Company from all Salaries, Compensations, and Pensions charged upon and payable without Draft out of the said Cash at the Time of each Payment thereof here7 Accounts of Court of Chan cery. after after to accrue due, any thing in any Statute contained to the contrary thereof notwithstanding. II. And be it enacted, That this Act may be amended or Act may be repealed by any Act to be passed in this Session of Parliament. amended, &c. CA P. LXXXII. An Act to amend an Act of the present Session for autho- 6 6 6 WHE THEREAS by an Act passed in the present Session of Parliament, intituled An Act to authorize a Loan from 9&10 Vict. c. 42. the Consolidated Fund to the New Zealand Company, it was enacted, that it should be lawful for the Lord High Treasurer, or any Three or more Commissioners of Her Majesty's Treasury of the United Kingdom of Great Britain and Ireland, from Time to Time to advance and lend to the New Zealand Company, in manner therein mentioned any Sum or Sums of Money not exceeding in the whole the Sum of One hundred thousand Pounds, to be applied by the said Company in the Proportions and for the Purposes therein also mentioned; and it was by the said Act provided, that no Part of the said Sums should be applied to the Payment of any Principal Sum of Money for 'which any Debenture had been or should be issued under the Seal of the said Company: And whereas it is expedient that so much of the said Proviso as relates to Debentures already issued by the said Company should be repealed, and that the said Company should be authorized and empowered to apply a certain Portion of the said Loan of One hundred thousand 'Pounds, not exceeding Thirty-two thousand five hundred Pounds, to the Payment of certain Sums of Money, for which such • Debentures as last aforesaid have been issued under the Seal of the said Company:' Be it therefore enacted by the Queen's So much of most Excellent Majesty, by and with the Advice and Consent of recited Act as the Lords Spiritual and Temporal, and Commons, in this pre- regards Debensent Parliament assembled, and by the Authority of the same, issued by Comtures already That the said Proviso, so far as regards any Debentures which shall have been already issued by the said Company, shall be and the same is hereby repealed. pany repealed. II. And be it enacted, That notwithstanding any thing in the Repayment of said Act contained whereby it is enacted, that the said Loan of Loan. One hundred thousand Pounds shall be applied by the said Company in the Proportions and for the Purposes therein mentioned, it shall be lawful, nevertheless, for the said Company to apply any Portion thereof not exceeding the Sum of Thirty-two thousand five hundred Pounds, to the Payment of the Principal Sums due on certain Debentures which have been issued by the said Company, and are now due or will become due and payable on or before the Fourth Day of January which will be in the Year One thousand eight hundred and forty-seven, which said Sum of Thirty-two thousand five hundred Pounds, or so much thereof as shall be so applied by the said Company, shall be repaid, and they are hereby required and made liable to repay the same, Kk 2 to If Company, after Notice, refuse or neglect to repay Loans, Treasury may, by Warrant, make Calls on sub scribed Capital not paid up. Treasury may enforce Payment of Calls. Sums applied by the Company to certain Purposes to be reckoned as so much towards Repayment of Loan. Monies derived from Moiety of Lands pledged as Security for Loan not to be reckoned as Part of Repay ment. to the Lord High Treasurer or Commissioners of Her Majesty's Treasury, or to such other Persons as the said Lord High Treasurer or Commissioners shall direct, within the Space of Three Years after the passing of this Act; and if within or at the Expiration of such Period of Three Years the Company shall not have repaid the said Sum, it shall be lawful for the Lord High Treasurer, or any Three or more of the Commissioners of Her Majesty's Treasury, to cause Notice in Writing to be given to the said Company, by leaving the same at the Office of the said Company, to repay the said Sum of Thirty-two thousand five hundred Pounds, or so much thereof as shall have been applied as aforesaid, and shall remain due and unpaid, within One Calendar Month from the Day on which such Notice shall be given or served on the said Company. III. And be it enacted, That if the said Company, after Receipt of such Notice, shall refuse, or for the Space of One Calendar Month from the Day on which such Notice shall have been given or served, neglect, to repay the said Sum, it shall be lawful for the Lord High Treasurer, or any Three or more of the Commissioners of Her Majesty's Treasury, and they are hereby authorized and empowered, by Warrant under their Hands, to declare and make a Call or Calls on such Portion of the subscribed Capital of the said Company as shall not at the Time of such Call or Calls have been called up and paid as shall be sufficient to repay the said Sum; and for the Purpose of enforcing Payment of any such Call or Calls, the Lord High Treasurer, or any Three or more of the Commissioners of the Treasury shall have, use, and exercise all such Power and Authority as the said Company now have or may use and exercise for enforcing Payment of any Calls to be made by them under any Letters Patent or Act of Parliament now in force. IV. Provided always, and be it enacted, That if it shall appear to the Satisfaction of the Lord High Treasurer, or any Three or more of the Commissioners of Her Majesty's Treasury, that the said Company during the said Period of Three Years from the passing of this Act, have applied any Sum or Sums of Money to any of the Purposes mentioned in the said recited Act to which the said Loan of One hundred thousand Pounds was thereby directed to be applied, then and in such Case the Amount of such Sums so applied by the said Company shall be taken and reckoned towards Repayment of the said Sum of Thirty-two thousand five hundred Pounds, or so much thereof as shall be due and unpaid. V. And whereas by the said recited Act a Moiety of the Purchase Money of any Lands, Tenements, and Hereditaments belonging or hereafter to be acquired by the said Company, and of the Rents, Issues, and Profits to be thereafter received by the said Company, is pledged as a Security for the Repayment from Time to Time of the said Loan of One hundred thousand Pounds; it is hereby declared and enacted, That if it shall appear that any such Sums as are herein-before directed to be taken and reckoned towards Repayment of the said Sum of Thirty-two thousand five hundred Pounds, or so much thereof as shall be due and unpaid, shall have been paid out of the said Moiety so pledged as aforesaid, then and in every such Case such Sums |