1

shall be then incurred or grown due, as well for and upon the faid annual fums after the rate of three pounds per centum per annum, as alfo for and upon all the faid annuities to be purchased upon this act, shall be applied and difpofed of to and for the publick use and fervice, and not otherwise.

at 15 years purchase,

. IX. And for the raifing any fum or fums of money, not exceeding one million eighteen thousand eight hundred fixty and seven pounds, eighteen fhillings, and fix pence; that is to fay, nine hundred thousand pounds thereof for carrying on the prefent war, and other her Majefty's occafions, and one hundred and eighteen thousand eight hundred fixty and seven pounds, eighteen fhillings, and fix pence, refidue thereof, for making good the quarterly payments herein after mentioned, to incur and grow due on and before the faid five and twentieth day of December, one thousand seven hundred and five; it is hereby further enacted by the authority aforefaid, That it fhall Perfons may and may be lawful to and for any perfon or perfons, natives advance or foreigners, to contribute, advance and pay into the receipt of 1,018,8671. 18s. 6d. for her Majesty's Exchequer, for her Majefty's use, at or before the purchafing refpective days and times by this act limited in that behalf, annuities for any fum or fums of money for or towards the faid fum of 99 years. one million eighteen thousand eight hundred fixty and seven pounds, eighteen fhillings, and fix pence, for purchasing any annuity or annuities, to be fatisfied as in this act is mentioned, for and during the full term of ninety nine years to be reckoned from the five and twentieth day of March, in the year of our Lord one thousand seven hundred and four, at the rate of fifteen years purchase; which rate doth amount to the fum of one hundred and fifty pounds for every fuch annuity of ten pounds per annum, and proportionably for any greater to be paid into annuity: and the fame rate or confideration-money is hereby the Excheappointed to be paid into the faid receipt, at or before the quer, one third respective days and times herein after mentioned, that is to fay, 1704. one opart on 1 May, one third part thereof on or before the first day of May, in ther third the year of our Lord one thousand feven hundred and four; part on 24 one other third part thereof on or before the four and twentieth June, 1704. day of June, in the faid year of our Lord one thousand seven third part on and four; and the remaining third part thereof, on or before 29 Sept. 1704. the nine and twentieth day of September, in the faid year of annuities fo Lord one thousand feven hundred and four. And the faid purchased how annuities fo to be purchased, and every of them, fhall be paid be paid. and payable, from time to time, at the four most usual feafts of By 6 Geo. 1. the year, that is to fay, the feaft of the nativity of Saint John c. 4. f. 1. the -Baptift, Saint Michael the archangel, the birth of our Lord South Sea Chrift, and the annunciation of the bleffed virgin Mary, by even and equal portions, the first payment thereof to be made at or for the feast of the nativity of Saint John Baptift, in the year of our Lord one thoufand feven hundred and four; which faid annuities fhall, for the first year, and three quarters of a year, of the faid term of ninety nine years, be fatisfied and paid out of the monies to be advanced in pursuance of this act,

B 3

and the other

and when to

company may take in thefe annuities.

two lives at

act, whereof fufficient shall be reserved for that purpose; and for all the reft and refidue of the faid term of ninety nine years, the said annuities, and every of them, fhall be paid and fatisfied out of the monies arifing by the weekly payments of excise money before mentioned.

X. And for the raifing any further fum and fums of money, not exceeding three hundred thousand pounds, for carrying on the faid war, and other her Majefty's occafions, and also for raifing fuch monies as fhall be neceffary to discharge the quarterly payments, which during one year and three quarters of a year, to be reckoned from the faid five and twentieth day of March, one thousand feven hundred and four, fhall or may grow due upon the other annuities to be purchased, as is herein For raising a after mentioned; it is hereby further enacted by the authority further fum of aforefaid, That it fhall and may be lawful to and for any 300,000l. perfon or perfons, natives or foreigners, to contribute, advance, Perfons may and pay into the faid receipt of her Majesty's Exchequer, for purchase annuities for one her Majefty's ufe, at or before the refpective days and times, life at 9 years and by fuch proportions, as are before in this act appointed purchase, for for payment of the purchase monies for the annuities first above mentioned, any fum and fums of money for purchasing any annuity or annuities for one life, at the rate of nine years purchase, or for two lives, at the rate of eleven years purchafe, or for three lives, at the rate of twelve years purchase, or for such a certain term of ninety nine years, as aforefaid, at the rate of fifteen years purchase, at the election of such purchasers respectively; which faid rates do amount to the fum of ninety pounds for an annuity of ten pounds per annum for one life, and to the fum of one hundred and ten pounds for an annuity of ten pounds per annum for two lives, and the fum of one hundred and twenty pounds for an annuity of ten pounds per annum for three lives, and to the fum of one hundred and fifty pounds for an annuity of ten pounds per annum for the certain term of ninety nine years before mentioned, and proportionably for any greater annuities fo to be purchased for fuch eftates or interefts refpectively.

11 years purchafe, three lives at 12 years purchafe, or for

99 years at 15 years purchafe.

Annuities to commence

from 25 Mar.

1704. and to

be paid quarterly.

XI. And it is hereby enacted, That all the faid annuities fo to be purchased for life, lives, or years, at the election of the purchafer, as aforesaid, fhall likewife commence from the said five and twentieth day of March, in the year of our Lord one thoufand feven hundred and four, and fhall be paid and payable at the faid receipt of Exchequer, at the four ufual feafts before mentioned, by even and equal portions, the first payment thereof to be alfo made at or for the said feast of the nativity of Saint John Baptift, in the year of our Lord one thousand feven hundred and four.

.

How the quar. XII. And be it enacted by the authority aforefaid, That from 25 Mar. all the quarterly payments which fhall or may incur or grow due for or upon the annuities laft mentioned, within the faid time of one year, and three quarters of a year, to be reckoned fhall be paid, from the faid five and twentieth day of March, one thoufand

1704. to 25 Dec. 1705.

&c.

seven hundred and four, until and for the faid five and twentieth day of December, one thoufand feven hundred and five, shall be satisfied and paid out of the monies to be advanced for purchafing the fame annuities upon this act, whereof fufficient thall be referved for that purpofe; and all quarterly payments which fhall incur and grow due for or upon the fame annuities last mentioned, and every of them, from and after the faid five and twentieth day of December, one thousand seven hundred and five, during the continuance of the refpective terms and estates so to be purchased therein, fhall be paid and fatisfied out of the monies arifing by the weekly payments of excise money before mentioned.

to 1,200,000l.

XIII. Provided always, That when the contributions upon When the this act shall amount in the whole to one million two hundred contributions thousand pounds, for carrying on the faid war, and her hall amount Majefty's occafions, and to fo much more as shall or may be &c. no more neceffary to discharge all the faid annuities, until the five fhall be receiv and twentieth day of December, one thousand seven hundred ed at the Exand five inclufively, then no further contributions fhall be chequer. received at the faid Exchequer for purchafing annuities upon this act.

life of the

ty.

XIV. And it is hereby further enacted, That where any Contributor contributor fhall advance money, at the refpective rate aforefaid, for one life for an estate for one life, as aforefaid, every fuch contributor, may name the his executors, adminiftrators or affigns, fhall and may name to famecontribu the auditor of the receipt, and clerk of the pells, for the time tor, or any being, or to either of them, the life of the fame contributor, or other, who any other life (at his or her election) during which, every to fuch annuifhall be intitled fuch contributor, or fuch as he or the thall appoint, his, her, or their executors, administrators, and affigns refpectively, fhall be intitled to every fuch annuity, according to the true meaning of this act; and that where any contributor fhall advance money at the refpective rate aforefaid, for an estate for two lives, every fuch contributor, his executors, adminiftrators, or affigns fhall and may name to the faid auditor of the receipt and clerk of the pells for the time being, or either of them, two perfons or nominees (whereof himself or herself, if he or the thinks fit, may be one) during whofe lives, and Contributor the life of the furvivor of them, every fuch contributor, or fuch advancing for two lives, as he or she shall appoint, his, her, or their executors, adminifmay hame trators, and affigns refpectively, fhall be intitled to every fuch two nominees, annuity, according to the true meaning of this act; and that &c. and for where any contributor fhall advance money at the refpective three lives, three nomirate aforefaid, for an eftate for three lives, every fuch contributor, his or her executors, adminiftrators, or affigns, fhall and may name to the faid auditor of the receipt, and clerk of the pells, for the time being, or either of them, three persons or nominees (whereof himself or herself, if he or she think fit, may be one) during the lives of which nominees, and of the furvivors and furvivor of them, every fuch contributor, or fuch as he or the shall appoint, his, her, and their executors, adminif

B 4

nees, &c.

Lives to be

be entred in the offices of the auditor

administrators, and affigns refpectively, fhall be intitled to every fuch annuity, according to the tenor and true meaning of this act.

XV. Provided always, That all the faid lives fhall be named by the named by the feveral contributors, their executors or admicontributors, niftrators, or fuch as fhall be employed by them to pay in the by 1 May, faid purchase-monies, on or before the said first day of May, 1704. in the year of our Lord one thousand seven hundred and four. Contributors XVI. And it is hereby enacted, That in the offices of the names, &c. to faid auditor of the receipt, and clerk of the pells feverally, there shall be provided and kept a book or books, in which shall be fairly entred the names of all who fhall be contributors, and of all perfons by whose hands the said contributors fhall pay in any of the faid fums, and also the several fums fo paid, and the times when the fame are respectively paid, and the several nominees for whofe lives refpectively the faid annuities for life or lives are to continue; to which book it shall be lawful for the respective contributors, their executors, administrators, and affigns, from time to time, and at all feasonable times, to have refort, and to infpect the fame without fee or reward; and as well the faid feveral contributors for life, lives, or years, as the faid nominees for life or lives, fhall be defcribed in the faid books by their chriftian and surnames, additions, and places of abode, and other descriptions which shall beft ascertain the perfons.

and clerk of the pells. Books to be infpectedwithout fee.

Contributors

XVII. And be it further enacted by the authority aforesaid, paying their That all and every contributor and contributors upon this purchase-mo- act, duly paying the confideration or purchase-money after ney, to enjoy the annuities the respective rates aforefaid, at or before the refpective days fo purchased, and times in this act before limited in that behalf, for any

free from taxes;

and fhall have

annuity or annuities for fuch term of years, or eftate for life or lives, as aforefaid, according to the true meaning of this act, or fuch as he, she, or they shall appoint, his, her, or their respective executors, adminiftrators, and affigns, shall have, receive, and enjoy, and be intitled, by virtue of this act, to have, receive, and enjoy the respective annuity and annuities fo to be purchased, out of the monies arifing and to arife, as aforefaid, for and during all and every fuch term of years, for life, or lives refpectively, and that all the annuities to be purchafed on this act, for any term, estate, or interest whatsoever, shall be free from all taxes, charges, and impofitions whatsoever,

XVIII. And be it further enacted by the authority aforetallies for the faid, That every contributor upon any part of this act for fame, any of the annuities aforefaid, his, her, or their executors, administrators, or affigns, upon payment of the confideration or purchase-money for the fame, at the respective rates in this act before appointed, or any part or proportion thereof, within the time or times by this act limited in that behalf, shall immediately have one or more talley or tallies levied, importing the receipt of fo much confideration-money as shall be so paid for or in part of the faid refpective fums to be raised, as afore6

faid,

faid, and upon payment of all the purchase-money for any such annuity or annuities, as aforefaid, at the rate by this act appointed, every fuch contributor refpectively, his or her refpective executors, adminiftrators, or affigns, fhall have an order for payment of fuch annuity and annuities, for and during and orders for fuch respective term, estate, or intereft, as he, she, or they shall repayment. or ought to have therein, as aforefaid; which order fhall be figned by the treasurer and under treasurer of the Exchequer, or any three or more of the commiffioners of the treasury for the time being; and after the figning thereof, the fame shall be firm, good, valid, and effectual in law, according to the purport and true meaning thereof, and of this act, and fhall not be determinable by or upon the deaths or removal of any treasurer or under treasurer of the Exchequer, or any commiffioner or commiflioners of the treasury, or by or upon No lord treathe determination of the power, office or offices of them or furer, &c. to any of them, nor fhall any lord high treafurer of England, revoke the treasurer of the Exchequer, or any commiffioners of the treasury, now or for the time being, have power to revoke, countermand, or make void fuch orders fo figned, as aforefaid, or any of them.

fame.

XIX. And for the encouragement of the contributors to advance and pay forthwith into the receipt of the Exchequer, the fums by them intended to be advanced upon any of the terms aforefaid, it is provided and enacted by the authority aforefaid, That every fuch contributor, who fhall advance and Contributors pay into the faid receipt of Exchequer, all or any part of to be allowed the purchase-money payable for any fuch annuity or annuities, 51. per cent, as aforefaid, before the said first day of May, in the year of our Lord one thousand seven hundred and four, his, her, or their executors, adminiftrators, or affigns, fhall be allowed and paid, out of the contribution-money arifing by this act, intereft after the rate of five pounds per centum per annum, for the prompt payment of the money fo advanced, from the time of the actual advancing and paying the fame, until the faid first day of May, one thousand feven hundred and four.

intereft for prompt pay,

ment,

until May,

1704.

XX. And be it further enacted, That it fhall and may be Annuities may lawful to and for any contributor, his or her executors, be affigned or administrators, or affigns, at any time or times, during the devifed. continuance of his or her term, eftate, or intereft, of and in any annuity to be purchased upon this act, by any writing under hand and feal, or by his or her laft will in writing, to affign or devife fuch annuity and annuities, or any part thereof, or any intereft therein, to any perfon or perfons whatsoever, and fo toties quoties; and no fuch affignment to be revokable, so as an entry or memorandum of affignment or will be made in books to be kept for that purpofe in the faid office of the auditor of the receipt, within the space of two months after fuch affignment or death of the devilor, and that upon the producing fuch affignment, or will, or probate thereof, in the faid office of receipt, to be entred as aforefaid, the party fo producing the

fame,

Entry thereof to be made on

affidavit.