fons above the Number of fix 658 C. 20. Anno odlavo & nono Gu LiELMi III. A. D. 1697. to them fliall or may appertain to do ; fubjedt neverthelefs to the Provifo or Condition of Redemption hereih after mentioned. After 1710.^ XXVlL Provided always, and it is hereby further enafted, That at any Time upon twelve Months No- upon Rcpiyment *^'^' ^^^^^ ^^^ ^^ Day of Jtigtt/i, which fliall be in the Year of our Lord one thoufand fcven hundred and of fevcral Sums ten, and not before, and upon Repayment by Parliament of the Sum of twelve hundred thoufand Pounds mentioned. mentioned in the faid Aft, intituled, Jn ASl for gi anting to their MajrjHes Jeveral Rates and Duties upon 5&6VV. &M. Tunnage of Ships and Veff'els, and upon Beer, Ale, and other Liquors, for fecuring certain Recomfcnces and Ad- ^' '°' vantages in the faid AEi mentioned, tofuch Perfons as Jhall vohmtarily advance the Sum of fifteen hundred thttfand. This Clau fere- Poimds towards carrying on the TVur againfl France, unto the faid Governor and Company of the Bank of pealed by 7 England hereby conitituted and made, and of all Arrears of the one hundred thoufand Pounds per Annum, Annie,c.7.§.5. pjiyabig (-0 thg Governor and Company of the Bank oi England, and their Succeflbrs, by virtue of the faid recited Aft, and alfo upon Payment of all the Principal and Intereft Monies which (hall be owing to the faid Governor and Company of the Bank of ^w^/iT^z^, hereby eftablifhed, upon all fuch Tallies, Ex-chequer Orders, or Parliamentary Funds, which the faid Governor and Company {hall have remaining in their Hands, or be intitled to at the Time of fuch Notice to be given as aforefaid, then and in fuch Cafe, and not till then, the faid yearly Payment of one hundred thoufand Pounds per Annum, and alfo the faid Cor- DiiringtheCon- poration, by this and the faid former Aft eftablifhed, fhall ceafe and determine; any thing herein contained tinuance of the jn ^ny wife to the contrary notwithftanding. Jand'^no aher to XXVIII. And be it further enafted. That during the Continuance of the Corporation of the Governor be eftabliihed. ^'^d Company of the Bank of England, no other Bank, or any other Corporation, Society, FellowQiip, By 6 Anna?, c. Company, or Conflitution, in the Nature of a Bank, fliall be erefted or eftabliflied, permitted, fufFered, az. § 9. this countenanced, or allowed by A6t of Parliament within this Kingdom. f "^'j'"' ll^p XXIX. And be it further enafted by the Authority aforefaid, That all the Intereft due on fuch Tallies len e toa er- ^^ Orders, which fhall be fo as aforefaid brought into the Bank, upon the faid intended Subfcriptions, by virtue of this A£t, being computed from the time to v/hich Intereft. hath been aftually fatished thereupon^ Intereft on Tal- ^° ^^^ ^ni^ of the laft preceding Qiiarter of a Year, next before the Day appointed for beginning of fuch licsor Orders to Subfcriptions, fnall be accepted, taken, or allowed by the faid Commiflioners, upon the taking the faid be taken as fo Subfcriptions, as fo much Principal Adoney fubfcribed and paid into the Capital Stock of the faid Gover- much principal nor and Company; and that all Aflignments of Orders on all fuch Tallies, as fliall be fo brought in upon Money. ^ (-^o fajj Subfcriptions, fliall, before the making of fuch Subfcriptions, be regiftred in the Exchequer, by the Oidf,'s"tobe °e'- P^'OP^ Gv/ner or Owners thereof; and in Default or Negleft of fuch regiftring as aforefaid, the faid Tal- gift red before ^s or Orders, fo unregiftred, fhall not be accepted or taken, nor any Subfcription be allowed or permit- Subfcription, or ted in refpeft of the fame, until fuch Orders fhall be firft duly regiftred, as aforefaid. Eot to be allow- ' XXX. And whereas in and by the faid recited Aft of Parliament, mtitultd. An Alf for granting to their
- '■ ' Maj flies feveral Rates and Duties upon Tunnage of Ships andVeffels, and upon Beer, Ale, and other Liquors^
' for fecuriiig cei-tain Recompences and Advantages, in the faid ASi mentioned, to fuch Pafons as Jlmll voluntarily ' advance the Sum of fifteen' hundred thoif and Pounds towards carrying on the IP^ar again/l France, it is en- ' afted among other Things, That the faid Corporation, to be made in purfuance of the faid Direftions of
- the faid recited Aft, fhould not borrow, or give Security, by Bill, Bond, Covenant, or Agreement, ur^
' der their Common Seal, for any more, further, or other Sum or Sums of Money, exceeding in the whole ' the Sum of twelve hundred thoufand Pounds, fo that they fliould not owe at any one Time more than ' the faid Sum under their Common Seal, unlefs it be by Aft of Parliament upon Funds agreed in Parlia- ' ment, and in fuch Cafe onlv fuch further Sums as fhould be fo direfted and allowed to be borrowed by ' Parliament, and for fuch Time only, until they fliould be repayed fuch further Sums as they fliould bor-
- row by fuch Authority; and if any more, or further, or other Sum or Sums of Money fhould be bor-
rovVed, taken up, lent, or advanced, under their Common Seal, or for Payment of which any Bill, Bond,, ' Covenant, or A.greement, or other Writing, fhould be made, fealed,. or given, under the Common Seal ' of the faid Corporation, then, and in fuch Cafe, all and every Perfon and Perfons, who fliould be a '■M-rmber or Members of the faid Corporation, his and their refpeftive Heirs, Executors, and Admini- ' ftrators, fliould in his and their refpeftive private and perfonal Capacities, be chargeable with and liable, ' in Proportion for their feveral Shares or Subfcriptions, to the Repayment of fuch Monies which fliould ' be fo borrowed, taken up, or lent, with Intereft for the fame, as in and by the faid recited Aft, among. Bank may bor- ' Other Things, may appear ;' Be it therefore enafted by the Authority aforefaid. That it fliall and may- jowany^Sum be lawful to and for the faid Governor and Company of the Bank of England, and their Succeflbrs, to j'^booool. not borrow or give Security, by Bills or A.greement, under their Conmion Seal, for any Sum or Sums of Mo- f.xcecd'ing ihe ney (ovcr and above the faid Sum of tv/elve hundred thoufand Pounds mentioned in the faid recited Aft) fo- Sum fubfaibeci. as the fame exceed not the Value of the Sum which fliall be fubfcribed by virtue of this Aft. Provided the faid Governor and Company do oblige themfelves in their fard Bills, by them to be given out, to anfwer In Default of and pay the Money therein mentioned upon Demand. And in Default of fuch Payment demanded at the Payment Bills Bank, between the Hours of nine and twelve in the Forenoon, and the Default thereof being proved by an ■ 'f ^P"'^ ^' Affidavit made in Writing before the Barons of the Exchequer, or any one of them, be it enafted. That all ciii of Money"' ^^^^^ Bills, Over and abave the faid twelve hundred thoufand Pounds, be anfwered and paid at the Exchequer, duetotiieBank. o"t of the firft Money which {hall be due or payable at that Receipt to the faid Governor and Company (other than their faid yearly -Fund of one hundred thoufand Pounds /!«- yj'H«//?«j and the faid Governor and Company are hereby required in the making forth of the faid Bills for any Sum, being over and above the Bills made for faid twelve hundred thoufand Pounds, to exprefs the iame to be made by virtue of this Aft, and otherwife "'"1""= to diftinguifli the fame from all their faid Debts contained within the faid Sum of' twelve hundred thoufand ^jioD,ooo^l. to Pounds; any thing contained in tlie faid recited Claufe, or in the faid recited Aft, or any other' Aft, Law,, dl^ftiT^'niJbed*" Statute, Ufage, of Cuft-om, to the contrary thereof in aiiy wife notwithftanding. " ^ • ' . . . ' XXXL Aai
