Authorize for a further Period the Advance of [Note. The Words printed in Italies are proposed to be inserted W HEREAS an Act was passed in the Fifty-seventh Year of Preamble. the Reign of His Majesty King George the Third, Chapter 57 G. 3. c. 34. Thirty-four: And whereas another Act was passed in the 57 G.3.c.124. same Session of Parliament, Chapter One hundred and twenty-four: 5 And whereas another Act was passed in the First Year of the Reign 1 G. 4. c. 60. of His Majesty King George the Fourth, Chapter Sixty: And 1 & 2 G. 4. whereas another Act was passed in the First and Second Years of the c. 111. Reign of His said Majesty King George the Fourth, Chapter One hundred and eleven: And whereas another Act was passed in the 3 G. 4. c. 86. 10 Third Year of the Reign of His said last-mentioned Majesty, Chapter Eighty-six And whereas another Act was passed in the Fourth 4 G. 4. c. 63. Year of the Reign of His said last-mentioned Majesty, Chapter Sixty three: And whereas another Act was passed in the Fifth Year of the 5 G. 4. c. 36. Reign of His said last-mentioned Majesty, Chapter Thirty-six: And 5 G. 4. c. 77. 15 whereas another Act was passed in the same Year, Chapter Seventy 470. A seven: 7 & 8 G. 4. c. 12. 7 & 8 G. 4. c. 47. 1 & 2 W. 4. c. 24. c. 32. c. 72. 7 W. 4. & 1 Vict. c.51. 1 & 2 Vict. c. 88. 6 G. 4. c. 35. seven: And whereas another Act was passed in the Sixth Year of the Reign of His said last-mentioned Majesty, Chapter Thirty-five: 7 G. 4. c. 30. And whereas another Act was passed in the Seventh Year of the Reign of His said last-mentioned Majesty, Chapter Thirty: And whereas another Act was passed in the Seventh and Eighth Years of 5 the Reign of His said last-mentioned Majesty, Chapter Twelve: And whereas another Act was passed in the same Year, Chapter Fortyseven: And whereas another Act was passed in the First and Second Years of the Reign of His late Majesty King William the Fourth, 3 & 4 W. 4. Chapter Twenty-four: And whereas another Act was passed in the 10 Third and Fourth Years of the Reign of His said late Majesty, 4 & 5 W. 4. Chapter Thirty-two: And whereas another Act was passed in the Fourth and Fifth Years of the Reign of His said late Majesty, Chapter Seventy-two: And whereas another Act was passed in the First Year of the Reign of Her present Majesty Queen Victoria, 15 Chapter Fifty-one: And whereas another Act was passed in the First and Second Years of the Reign of Her present Majesty, Chapter Eighty-eight: And whereas another Act was passed in the Third Year of the Reign of Her present Majesty, Chapter Ten: And whereas another Act was passed in the Second Session of the Fifth 20 Year of the Reign of Her present Majesty, Chapter Nine: And whereas another Act was passed in the Ninth and Tenth Years of the 9 & 10 Vict. Reign of Her present Majesty, Chapter Eighty: And whereas sundry Advances or Loans have been made by the Commissioners of the said recited Acts, for the Purposes in the same Acts specified, and 25 great Benefits have been derived therefrom: And whereas further Advances or Loans are required for the like Objects; and it is deemed expedient to make further Advances of Money out of the Consolidated Fund for the Purposes of such Loans: Be it therefore enacted by the Queen's most Excellent Majesty, by and with the 30 Advice and Consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the Authority of the same, 3 & 4 Vict. c. 10. 5 & 6 Vict. c. 9. c. 80. 360,000l. per I. That for the Purposes of such Advances or Loans as aforesaid the Commissioners of Her Majesty's Treasury of the United Kingdom 35 of Great Britain and Ireland for the Time being are hereby empowered, by Warrant under the Hands of any Two or more of them, to charge the Consolidated Fund of the United Kingdom of Great Britain and Ireland (after providing for all preceding Charges, but having Preference of all future Charges), and to direct the Issue or 40 the Payment thereout to the Account of the Commissioners for the Time being for the Reduction of the National Debt, of a Sum or Sums of Money not exceeding Three hundred and sixty thousand Pounds per Annum during the Five Years next ensuing the Fourth Day of of April One thousand eight hundred and fifty-two, by quarterly Instalments or Issues not exceeding Ninety thousand Pounds per Quarter, the same to become due on the Fifth Day of January, the Fifth Day of April, the Fifth Day of July, and the Tenth Day of 5 October in each Year, the First Instalment thereof to become due and payable on the Fifth Day of April One thousand eight hundred and fifty-two. Reduction of Trustees of and to cause for the Purpose. II. That the Commissioners for the Time being for the Reduction Commisof the National Debt shall be and they are hereby appointed Trustees sioners for 10 on the Part of the Public for holding the said Monies to be issued National and paid out of the Consolidated Fund as aforesaid, and they shall Debt to be continue or cause to be continued the separate Account already Public Works opened at the Bank of England with them under the Title of "The Loan Fund, Commissioners for the Reduction of the National Debt on account a separate 15 of the Public Works Loan Fund," and which Account the Governor Account to be continued and Company of the Bank of England shall and they are hereby at the Bank required to continue in their Books accordingly, and to which Ac- of England count shall be carried all such Monies as shall be issued and paid out of the Consolidated Fund for the Purposes aforesaid; and the 20 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 recited Acts shall be entered and kept separate and apart from all other Monies, and such Monies 25 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, and otherwise, as by the same Acts, or the Acts relating thereto, or this Act, are directed or authorized to be made. 30 tinue the Ac. the Commis III. That the Governor and Company of the Bank of England Bank to conshall and they are hereby required to continue the Account already count already opened in their Books with the Commissioners for the Execution opened with of this Act and of the said recited Acts under the Title of "The sioners for Commissioners for the Issue of Loans for Public Works and executing 35 Fisheries, &c.," to the Credit of which Account shall be carried this Act. 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 40 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 470. A 2 as Money paid into the Bank to the Account of Commis 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. IV. That all and every Sum and Sums of Money which shall be 5 paid into the Bank of England to the Account of the Commissioners for executing this Act, under and 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 10 of the Con- 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. sioners for executing this Act to make Part solidated Fund. Commis sioners for executing recited Acts to be Commissioners, others, for executing this Act. V. That the several Persons who in and by the said recited Acts or any of them are named or constituted Commissioners for the 15 Execution of the said Acts, or so many of them as shall be living at the Time of the passing of this Act, together with Henry Berens, together with Esquire, and Henry Allan Harrison, Esquire, who have been ap. pointed Commissioners for the Execution of the said recited Acts under the Authority of the same, or some or One of them, and also 20 together with Henry Lewis Wickham, Esquire, 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 25 by any Three or more of them. Commis. sioners to sign the following Declaration. Amount of be advanced certified to VI. That the said Commissioners named in and by the said recited Acts or any of them, or this Act, shall, before they enter upon the Execution of this Act, sign a Declaration to the following Effect: I A. B. do declare, That, according to the best of my Judgment, I ' and Trusts vested in me by an Act, intituled [insert Title of this 30 35 VII. 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 40 under the Provisions of this Act, the said Commissioners, or any Three the Reduc National Three or more of them, shall forthwith certify such Amount to the the CommisCommissioners for the Reduction of the National Debt for the Time sioners for being; and at the Foot of every such Certificate the Secretary of the tion of the said Commissioners for the Execution of the said recited Acts and Debt. 5 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 10 Assistant Comptroller, or Chief Clerk acting under the said lastmentioned Commissioners, shall upon the Back of every such Certificate indorse 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 15 which Order of such Officer previously 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-mentioned Commissioners, and shall be addressed to the Cashiers of the Governor and Company of the Bank of England; and such 20 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 25 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 30 of this Act or of the said recited Acts. Debt to fur. nish annual VIII. That the Commissioners for the Reduction of the National Commissioners for Debt shall cause to be made up for Examination and Audit an Reduction of annual Account to the Thirty-first Day of December in each Year the National of the Receipts, Payments, and Balances on the said Account so 35 directed to be kept by them in respect of the said Public Works Account of Loan Fund as aforesaid, and shall deliver the same to the Commis- the Fund sioners for auditing the Public Accounts at Somerset Place. for Audit. Acts to have the same IX. That all and every the several Clauses, Powers, Authorities, Powers, &c. Provisoes, Enactments, Directions, Regulations, Restrictions, Privi- of recited 40 leges, Priorities, Advantages, Penalties, and Forfeitures contained in the said recited Acts or any of them shall not be affected nor be Force as if deemed to have been affected by any Act or Acts of Parliament in this Act. already passed or to be passed, except so far as the same may by any such 470. re-enacted |