'for authorizing the Issue of Exchequer Bills and the Advance of Money for carrying on of Public Works and Fisheries and Em'ployment of the Poor, and to extend the Powers of the Commis'sioners for executing the said Acts in Great Britain: And whereas another Act was passed in the First and Second Years of the Reign of His said Majesty, intituled An Act to empower the 1 & 2 G. 4. • Commissioners in Great Britain for the Execution of several Acts c. 111. for authorizing the Issue of Exchequer Bills for carrying on the "Public Works and Fisheries and Employment of the Poor, to extend "the Time for the Payment of certain Advances under the said Acts: And whereas another Act was passed in the Third Year of 'the Reign of His said Majesty, intituled An Act to amend Two 3 G. 4. c. 86. Acts, of the Fifty-seventh Year of His late Majesty and the First "Year of His present Majesty, for authorizing the Issue of Exchequer Bills and the Advance of Money for carrying on Public Works and Fisheries and Employment of Poor, and to authorize a further Issue of Exchequer Bills for the Purposes of the said Acts: And whereas another Act was passed in the Fourth Year of the Reign of His said Majesty, intituled An Act to 4 G. 4. c. 63. ' authorize the Advance of Money by the Commissioners under • several Acts for the Issue of Exchequer Bills for Public Works, for 'the building, rebuilding, enlarging, or repairing of Gaols in England: And whereas another Act was passed in the Fifth Year ' of the Reign of His said Majesty, intituled An Act to amend 5 G. 4. c. 36. ' and render more effectual the several Acts for the issuing of Ex " chequer Bills for Public Works: And whereas another Act was 6 passed in the same Year, intituled An Act to amend the Acts for 5 G. 4. c. 77. the Issue of Exchequer Bills for Public Works: And whereas another Act was passed in the Sixth Year of the Reign of • His said Majesty, intituled An Act to render more effectual the 6 G.4. c. 35. several Acts for authorizing Advances for carrying on Public Works, so far as relates to Ireland: And whereas another Act 'was passed in the Seventh Year of the Reign of His said Majesty, intituled An Act to amend the several Acts for authorizing 7 G. 4. c. 30. · Advances for carrying on Public Works, and to extend the Provi 'sions thereof in certain Cases: And whereas another Act was passed in the Seventh and Eighth Years of the Reign of His 'said Majesty, intituled An Act to amend an Act of the First 7&8 G. 4. c. 12. • Year of His present Majesty, for the Advance of Money for carrying on Public Works in Ireland: And whereas another Act was 'passed in the same Year, intituled An Act for the further 7&8 G. 4. c. 47. Amendment and Extension of the Powers of the several Acts "authorizing Advances for carrying on Public Works: And 'whereas another Act was passed in the First and Second Years ' of the Reign of His late Majesty King William the Fourth, intituled An Act to amend several Acts passed for authorizing the 1&2 W. 4. c. 24. Issue of Exchequer Bills and the Advance of Money for carrying on Public Works and Fisheries and Employment of the Poor, and 'to authorize a further Issue of Exchequer Bills for the Purposes of the said Acts: And whereas another Act was passed in the 'Third and Fourth Years of the Reign of His said late Majesty, 'intituled An Act to amend several Acts authorizing Advances for 3&4W.4.c.32. • carrying G 3 4 & 5 W.4. c. 72. 7 W. 4. & 1 Vict. c. 51. 1 & 2 Vict. c.88. 3 VICT. 'carrying on Public Works: And whereas another Act was passed in the Fourth and Fifth Years of the Reign of His said late Majesty, intituled An Act to amend several Acts for authorizing 'the Issue of Exchequer Bills for carrying on Public Works and Fisheries and Employment of the Poor, and to authorize a further • Issue of Exchequer Bills for the Purposes of the said Acts: And whereas another Act was passed in the First Year of the Reign ' of Her present Majesty Queen Victoria, intituled An Act to "authorize a further Issue of Exchequer Bills for Public Works and • Fisheries and Employment of the Poor, and to amend the Acts relating thereto: And whereas another Act was passed in the First and Second Years of the Reign of Her said present Majesty, intituled An Act to authorize a further Issue of Exchequer Bills for Public Works and Fisheries and Employment of the Poor, and to amend the Acts relating thereto: And whereas sundry Advances have been made by the Commissioners 6 appointed by the said recited Acts for the Purposes thereof, and Applications have been made, and are by several Acts authorized to be made, to the said Commissioners for other Advances which the Funds remaining at their Disposal are 'insufficient to meet, and it is therefore expedient that further • Advances of Exchequer Bills should be placed at the Disposal ' of the said Commissioners for the Purposes of the said recited Acts, or of any other Acts relating thereto :' 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, That it shall be lawful for the Queen's most Excellent Majesty, by Warrant or Warrants under Her Royal Sign Manual, to authorize the Commissioners of Her Majesty's Treasury of the United Kingdom of Great Britain and Ireland now or for the Time being, or any Three or more of them, or the Lord High Treasurer of the United Kingdom of Great Britain and Ireland for the Time being, to cause or direct any Number of Exchequer Bills to be made out at Her Majesty's Exchequer in Great Britain, not exceeding in the whole the Sum of One million two hundred thousand Pounds, in the same or like Manner, Form, and Order, and according to the same or like Rules and Directions (except where other Directions for making out the same are contained and particularly expressed in any of the said recited Acts or this Act), as in and by an Act passed in the Forty-eighth Year of the 48 G. 3. c. 1. Reign of His Majesty King George the Third, intituled An Act for regulating the issuing and paying off of Exchequer Bills, are enacted and prescribed. Her Majesty may authorize the Commis sioners of the Treasury to issue Exchequer Bills not exceeding 1,200,000l. Powers of recited Act 48 G. 3. c. 1. to extend to Exchequer Bills to be made out under this Act. II. And be it enacted, That all the Powers, Authorities, Regulations, Clauses, Provisoes, Privileges, Advantages, Penalties, Forfeitures, and Disabilities contained in the said recited Act of the Forty-eighth Year of His said Majesty King George the Third, shall be applied and extended to the Exchequer Bills to be made out in pursuance of this Act, as fully and effectually to all Intents and Purposes as if the said several Clauses or Pro visoes had been particularly repeated and re-enacted in the Body of this Act. III. And be it enacted, That the said Exchequer Bills to be Bills to bear made out in pursuance of this Act shall bear an Interest not an Interest not exceeding the Rate of Three-pence Halfpenny per Centum per per Cent.; exceeding 3d, Diem upon or in respect of the whole of the Money contained therein. Receivers, &c. IV. And be it enacted, That the Exchequer Bills to be made and to be out by virtue of this Act, or so many of them as shall from Time current to all to Time remain undischarged and uncancelled after the respec- and at the tive Days on which they shall become due and payable, shall Bank. after that Time pass and be current to all Receivers and Collectors in Great Britain of the Customs, Excise, or any Revenue, Supply, Aid, or Tax whatsoever due or payable to Her Majesty, Her Heirs or Successors, and also at the Bank of England to the Account of Her Majesty's Exchequer, from the said Receivers or Collectors, or from any Person or Persons, Bodies Politic or Corporate whatsoever, making any Payments there to Her Majesty, Her Heirs and Successors. which such V. And be it enacted, That all Exchequer Bills which at Treasury to any Time after the passing of this Act shall be made out and fix Periods at issued in pursuance of this Act, and advanced for any of the Exchequer Purposes mentioned in the said recited Acts or any of them, Bills shall be or in this Act, shall be dated and made payable at such Periods payable; as shall be fixed by the Commissioners of Her Majesty's Treasury. them out of VI. And be it enacted, That it shall be lawful for the and to order Commissioners of Her Majesty's Treasury to order and direct Payment of the Payment out of the Consolidated Fund of the United the ConsoliKingdom of Great Britain and Ireland of all Exchequer Bills dated Fund. issued under the Authority of this Act. to issue Money cited Acts and this Act. VII. And be it enacted, That it shall be lawful for the Commissioners Commissioners of Her Majesty's Treasury, or any Three or of the Treasury more of them, or the Lord High Treasurer for the Time being, to defray the and they are hereby authorized and required, to issue and Charges of advance, or cause to be issued and advanced, all such Sums of executing reMoney to such Person or Persons and in such Manner and in such Proportions as the Commissioners for the Execution of the said recited Acts and this Act, or any Three or more of them, shall by Writing under their Hands desire, out of the said Consolidated Fund, which Sums so to be issued and advanced shall be employed for the Payment of Allowances and defraying all Charges and Expences in the Execution of the said recited Acts and this Act, without any other Account than before the said Commissioners of Her Majesty's Treasury, and which Money so to be issued shall not be subject to any Tax, Duty, Rate, or Assessment whatsoever imposed by Authority of Parliament. VIII. And be it enacted, That the Governor and Company Bank to conof the Bank of England shall and they are hereby required to tinue the continue the Account already opened in their Books with the ready opened Commissioners, for the Execution of the said recited Acts, with the Com Account al under missioners for executing recited Acts. Money paid into Bank to make Part of the Consolidated Fund. Commissioners recited Acts sioners for exe under the Title of "The Commissioners for the Issue of certain Exchequer Bills," and shall carry to the Credit of such Account the several Monies directed to be paid to the Cashiers of the said Bank by the said recited Acts, as well as all Payments to be made under this Act, upon such Certificates under the Hands of the said Commissioners as have been heretofore used for such Purpose as directed by the said recited Acts, or some or one of them, in such and 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. IX. And be it enacted, That all and every Sum and Sums of Money which shall be paid into the Bank of England to the Account of the Commissioners under and by virtue of the said recited Acts and 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. X. And be it enacted, That the several Persons who in and for executing 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 the passing cuting this Act. 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. Commissioners to sign the following Declaration. Amount of Exchequer Bills advanced to be certified to the Comp XI. And be it enacted, That the said Commissioners named or constituted in and by the said recited Acts, or either of them, shall, before they enter upon the Execution of this Act, sign a Declaration to the following Effect: 6 I 4. 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, 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. XII. And be it enacted, That when the Commissioners for the Execution of the said recited Acts and this Act shall have determined upon any Amount of Exchequer Bills to be advanced out of the Exchequer Bills authorized to be made out troller General by this Act, the said Commissioners, or any Three or more of them, shall forthwith certify such Amount to the Comptroller General of Her Majesty's Exchequer at Westminster for the Time being, who, on such Certificate or Certificates being deposited in his Office, shall cause and direct to be delivered to the Bearer of the Exche quer. or or Bearers thereof Exchequer Bills to be prepared under the Authority of this Act to such Amount as the said Commissioners shall direct, provided the total Amount to be issued by virtue of such Certificates shall not at any Time exceed the Amount of Exchequer Bills authorized by this Act; and every Exchequer Bill to be issued by virtue of this Act shall and may be signed by the Comptroller General of Her Majesty's Exchequer, or in his Name by any Person duly authorized by Law to sign the same. XIII. And be it enacted, That the Officers by whom such List of ExExchequer Bills shall be delivered shall from Time to Time, chequer Bills upon Requisition of the said Commissioners for the Execution delivered to of the said recited Acts and this Act, deliver to them at their Commissioners. Office complete Lists of all the Exchequer Bills made out as aforesaid, specifying the respective Dates and Sums expressed therein, and the Periods appointed for the Payment of the same, and distinguishing therein the Person to whom and the Numbers of the Certificates by virtue whereof the same were issued respectively. Loans to any under the Con XIV. And be it enacted, That it shall be lawful for the Commissioners said Commissioners to receive Applications for any Loan or may grant Loans, and to make such Loans accordingly, of any Part of the Persons or Exchequer Bills hereby authorized to be issued to any Person Companies in or Persons, Body or Bodies Politic or Corporate, or Company the Isle of Man, or Companies in the Isle of Man, for all such and the same or ditions conthe like Purposes, and upon such or the like Securities, and tained in the under and subject to such and the same Rules, Regulations, recited Acts. Restrictions, Conditions, and Provisions as the said Commissioners are empowered to do by the said recited Acts or this Act, with respect to Loans or Advances to Persons, Bodies Politic or Corporate or Companies for public or other Works in Great Britain; and that the said Commissioners, and their Secretary for the Time being, shall have, exercise, and be entitled to all such and the same or the like Powers, Authorities, Rights, and Remedies for recovering and compelling the Repayment of such Loans or Advances, and the Interest thereof, or otherwise in relation thereto, or to the Securities for the same, as they respectively would have had or been entitled to under the said recited Acts and this Act in case such Loans or Advances had been made to any Person or Persons, Body or Bodies Politic or Corporate, or Company or Companies, or otherwise for public or other Works, in any Part of Great Britain; any Statute, or any Rule of Law or Equity, of Great Britain or of the said Isle of Man, or any Custom, to the contrary thereof in anywise notwithstanding. Advances to XV. And be it enacted, That the said Commissioners may Commissioners lend and advance, to and amongst any Body or Bodies Politic may make or Corporate, or any Company or Companies of Proprietors, Parties enor Person or Persons, engaged in or desirous of carrying on gaged in Public or interested in any Works of a public Nature, carried on or Works, &c. which may hereafter be carried on under the Authority of Parliament, or for the Encouragement of the Fisheries, or the Support |