i i • Bearer on Demand, being received in Payment of all Sums of Money which now are or shall become payable for any Part of the Public Revenue of Ireland, and being accepted by the 'Collectors, Receivers and other Officers of the Revenue of • Ireland, authorized to receive the same, if offered to be so paid, fractional Parts of Twenty Shillings only excepted; and • that in Consideration of the above proposed Increase of the Capital Stock of the Bank of Ireland, and of the Notes of the said 'Governor and Company of the Bank of Ireland being received ' in Payment of every Branch of the Public Revenue in Ireland as aforesaid, the said Governor and Company shall advance the 'said Sum of Five hundred thousand Pounds Irish Currency, for 'the Public Service, to be paid on the Fifth Day of July in the present Year, the Repayment thereof to be secured with Interest at the Rate of Four Pounds per Centum per Annum, payable Half Yearly, and to be repaid on the First Day of January One thou'sand eight hundred and thirty eight, and to be charged and chargeable upon and to be repaid out of the Consolidated Fund of the United Kingdom of Great Britain and Ireland, unless ' otherwise provided for by Parliament: And Whereas the said 'Governor and Company of the Bank of Ireland have consented 'to a Provision being enacted in this Act, that from and after the passing of this Act it shall and may be lawful for any Number ' of Persons in Ireland, acting in Copartnership, and residing and carrying on their Business not less than Fifty Miles from Dublin, to borrow, owe and take up any Sum or Sums of Money on 'their Bills or Notes payable on Demand, and to make and issue such Bills and Notes accordingly, payable on Demand, at any • Place exceeding the Distance of Fifty Miles from Dublin, all the Individuals composing such Copartnership being liable and responsible for the due Payment of such Bills and Notes; but that no other Power, Privilege or Authority shall, previous to the First Day of January One thousand eight hundred and thirty eight, nor until after Repayment to the said Governor and Company of all such Sum and Sums of Money as now are or shall or may hereafter be due to them by Government, be granted to any Copartnership or Society of Persons whatsoever, contrary to the Laws now in Force for establishing and regulating the Bank of Ireland, save and except the Power for 'Persons in Ireland, acting in Copartnership, and residing and carrying on their Business not less than Fifty Miles from Dublin, to sue and be sued in the Name of a Public Officer, if Parliament shall think fit to grant such Authority:' Now we, Your Majesty's most dutiful and loyal Subjects, the Commons of the United Kingdom of Great Britain and Ireland in Parliament assembled, being desirous to raise, with as much Ease and Advantage as possible to Your Subjects, the necessary Supplies, and to encourage the said Governor and Company of the Bank of Ireland to advance the said Sum of Five hundred thousand Pounds, do most humbly beseech Your Majesty that it may be enacted; and be it enacted by The King'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 and may be lawful to and for the the said Governor and Company of the Bank of Ireland, and Bank of Ireland empower ed to advance 500,000l. at 4 per Fund. Cent. Interest Half Yearly. 1838. Capital Stock of Bank extended from 3,000,000l. Irish Currency. 2,500,000l. to II. And be it further enacted, That the Repayment of the said Repayment Sum of Five hundred thousand Pounds Irish Currency, and the charged on Interest thereof at the Rate aforesaid, shall be and the same is Consolidated hereby charged and made chargeable upon the said Consolidated Fund, unless otherwise provided for by Parliament; and that such Interest shall be paid Half Yearly to the said Governor and Company, at the Receipt of His Majesty's Exchequer in Dublin, the first Half Yearly Payment thereof to commence and be made on the Fifth Day of January One thousand eight hundred and twenty two; and that the said Sum of Five hundred thousand Pounds, Money to be with all Arrears of Interest thereon, shall be repaid to the said repaid Jan. 1. Governor and Company of the Bank of Ireland on the First Day of January One thousand eight hundred and thirty eight. III. And be it further enacted, That in Consideration of the said Advance of Five hundred thousand Pounds for the Public Service as aforesaid, the Capital Stock of the said Governor and Company of the Bank of Ireland shall be and the same is hereby increased and extended from the Sum of Two millions five hundred thousand Pounds Irish Currency, of which the same now consists, to the Sum of Three Millions Irish Currency, making an Increase or Addition of Five hundred thousand Pounds Capital Stock; and that the said Sum of Five hundred thousand Pounds Capital Stock shall be appropriated and divided amongst the several Persons, Bodies Politic and Corporate, who shall be Proprietors of the Capital Stock of the Bank of Ireland on the Twenty fourth Day of June One thousand eight hundred and twenty one, at the Rate of Twenty Pounds for every One hundred Pounds of Bank Stock of which such Persons, Bodies Politic and Corporate, shall then be respectively Proprietors, or which they shall have standing in their respective Names in the Books kept by the said Governor and Company of the Bank of Ireland for the Entry and Transfer of such Stock, and so in proportion for a greater or lesser Sum; and such Division and Appropriation shall be placed to the Credit of the respective Names of such Persons, Bodies Politic and Corporate, in the Books of the said Governor and Company accordingly; and all such Persons, Bodies Politic and Corporate, shall, from the time of such Division and Appropriation, be lawfully entitled to the additional Sum of Bank Stock so placed in or to the Credit of their respective Names, and shall respectively be entitled to be paid the same Rate of Dividend thereon, and to possess and enjoy the same Profits, Privileges and Advantages in respect thereof, in like manner to all Intents and Purposes as they are or shall be entitled to be paid, possess and enjoy, in respect of The Increase of 500,000l. to be divided among the Proprietors, at the Rate of 201. for every 100l. they possess. Increased Capital Stock assignable. Stamp Duty thereon. Until Repayment Notes of Bank of Ireland received in Pay ment of Public Revenue. Proviso for Partnership re- from Dublin borrowing on Bills and Notes payable on Demand. 21 & 22 G. 3. (I.) No other Privi lege previous to Jan. 1. 1838, of the Bank Stock which shall stand in their respective Names previous to the said Twenty fourth Day of June One thousand eight hundred and twenty one. IV. And be it further enacted, That the Capital Stock of the said Governor and Company of the Bank of Ireland, so increased as aforesaid, shall be assignable and transferrable in the same manner as the original Capital Stock of the said Governor and Company was assignable and transferrable before the making of this Act, and, together with the Produce thereof, shall be free from Parliamentary Taxes, Charges and Impositions, and all other Taxes, Charges and Impositions whatsoever; and the Transfers or Assignments of Stock or additional Stock in the Books of the said Company shall not hereafter be or be made liable to any higher or greater Stamp or other Duties than are now payable for the Transfers or Assignments of their present Stock, or any Part thereof; any thing in this Act contained, or in any other Act or Acts of Parliament, to the contrary in anywise notwithstanding. V. And be it further enacted, That until Repayment to the said Governor and Company of the Bank of Ireland of the said Sum of Five hundred thousand Pounds Irish Currency, and all Interest to become due thereon, the Promissory Notes of the said Governor and Company of the Bank of Ireland, expressed to be paid to Bearer on Demand (called Bank of Ireland Notes), shall be received in Payment of all Sums of Money which now are or at any time hereafter shall become payable in Ireland, for or in respect of any Part of the Public Revenue of Ireland, and shall be accepted and received accordingly by all Collectors, Receivers and other Officers of the Revenue of Ireland, authorized to receive the same, if offered to be so paid, fractional Parts of Twenty Shillings only excepted. VI. And be it further enacted, That from and after the passing of this Act, it shall and may be lawful for any Number of Persons in Ireland, united or to be united in Societies or Partnerships, and residing and having their Establishments or Houses of Business at any Place not less than Fifty Miles distant from Dublin, to borrow, owe or take up any Sum or Sums of Money on their Bills or Notes payable on Demand, and to make and issue such Notes or Bills accordingly, payable on Demand, at any Place in Ireland exceeding the Distance of Fifty Miles from Dublin, all the Individuals composing such Societies or Copartnerships being liable and responsible for the due Payment of such Bills and Notes; and such Persons shall not be subject or liable to any Penalty for the making or issuing such Bills or Notes; any thing in an Act made in the Parliament of Ireland, holden in the Twenty first and Twenty second Years of the Reign of His 'late Majesty King George the Third, intituled An Act for establishing a Bank by the Name of The Governor and Company of the Bank of Ireland, to the contrary notwithstanding. VII. Provided always, and be it enacted, That no further or other Power, Privilege or Authority shall, previous to the said First Day of January One thousand eight hundred and thirty eight, nor until after Payment to the said Governor and Company of all Sum and Sums of Money which now are or hereafter shall or may become due to them from Government, be granted to any Copart Copartnership or Society of Persons whatsoever, contrary to the Laws now in force for establishing and regulating the Bank of Ireland, save and except the Power of enabling such Societies Exception. and Copartnerships as aforesaid, residing and carrying on their Business not less than Fifty Miles from Dublin, to sue and be sued in the Name of a Public Officer, should Parliament hereafter think fit to grant such a Power. Partnerships, &c. authorized to issue Notes, VIII. Provided also, and be it enacted, That nothing herein Number of contained shall extend or be construed to extend to authorize Persons in any Persons exceeding Six in Number, or any Body or Bodies Politic or Corporate, residing or having their Establishment or House of Business within the Distance of Fifty Miles from Dublin, to make or issue any Bill or Bills of Exchange, or any Promissory Note or Notes, contrary to the Provisions of the said recited Act of the Twenty first and Twenty second Years of King George the Third. CA P. LXXIII. An Act to permit, for Three Years, the Transfer from certain &c. W HEREAS an Act was made in the Fifty seventh Year of 57 G. 3. c.79. Persons hold ing 3 or 4 per Cent. Irish Stock, may transfer same for corresponding Stock in British 4 per Cents, the Reign of His late Majesty King George the Third, 'intituled An Act to permit the Transfer of Capital from certain • Public Stocks or Funds in Great Britain, to certain Public Stocks or Funds in Ireland, and which Act was amended by an Act 'made in the Fifty eighth Year of the Reign of His said late 58 G. 3. c.80. Majesty; and it is expedient that the Transfer of Capital should likewise be permitted to be made from certain Public Stocks or Funds in Ireland to certain Public Stocks or Funds in Great • Britain:' Be it therefore enacted by The King'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 at any time after the Fifth Day of July One thousand eight hundred and twenty one, it shall and may be lawful for any Person or Persons holding Stock in the Three Pounds and Ten Shillings per Centum per Annum Annuities and Debentures transferrable at the Bank of Ireland, or in the Four Pounds per Centum per Annum Annuities transferrable at the said Bank of Ireland, to transfer or cause to be transferred such Stock or Annuities respectively, for the Purpose of having corresponding Sums written in and consolidated with and made Part of the Capital of Four Pounds per Centum per Annum Consolidated Annuities transferrable at the Bank of England; and that it shall and may be lawful at any time after the said Fifth Day of July One thousand eight hundred and twenty one, for any Person or Persons holding Stock in the Five Pounds per Centum per Annum Annuities and Debentures transferrable at the Bank of Ireland, to transfer or cause to be transferred such Stock or Annuities, for the Purpose of having corresponding Sums written in and consolidated with and made Part of the Capital of Five Pounds per Centum per Annum Annuities transferrable at the Bank of England, usually called The Navy Five per Cents, and which were created by and Irish 5 per Cents for British Navy 5 per Cents. c.*39. 24 G. 3. sess. 2. by an Act made in the Twenty fourth Year of the Reign of His late Majesty King George the Third, intituled An Act for granting Annuities to satisfy certain Navy, Victualling and Transport Bills, and Ordnance Debentures, and by several subsequent Acts; and that all such Transfers shall be made according to the Scale and on the Terms and Conditions specified and contained in this Act. II. Provided always, and be it enacted, That it shall not be lawful for any Person or Persons holding Stock in any of the Funds or Annuities transferrable at the Bank of Ireland, mentioned in this Act, to transfer at any time any Sum less than the Sum of One thousand Pounds of such Stock, Funds or Annuities, for the Purposes of this Act; any thing in this Act to the contrary in anywise notwithstanding. Not less than 1000l. Stock to be transferred. Scale upon which Transfers shall be made 1001. in the 3 per Cents. 1001. in 4 per Cent. and 1001. in 5 per Cent. per III. And be it further enacted, That the Scale upon which every such Transfer shall be made under the Authority of this under this Act: Act, of any Sum or Sums from the several before mentioned Stocks, Funds, Annuities or Debentures transferrable at the Bank of Ireland, for the Purpose of having corresponding Sums written into or consolidated with the said several before mentioned Stocks, Funds or Annuities transferrable at the Bank of England, shall be as follows; that is to say, that every Person who shall so transfer any such Sum or Sums shall, for every One hundred Pounds in the Three Pounds and Ten Shillings per Centum per Annum Annuities and Debentures, transferrable at the Bank of Ireland, so transferred, be entitled to the Sum of Eighty Pounds Sixteen Shillings in the Four Pounds per Centum per Annum Consolidated Annuities transferrable at the Bank of England; and for every Sum of One hundred Pounds in the Four Pounds Centum per Annum Annuities, transferrable at the said Bank of Ireland, so transferred, every such Person shall be entitled to the Sum of Ninety two Pounds Six Shillings and Sixpence in the said Four Pounds per Centum per Annum Consolidated Annuities transferrable at the Bank of England; and for every Sum of One hundred Pounds in the Five Pounds per Centum per Annum Annuities and Debentures transferrable at the Bank of Ireland, every such Person shall be entitled to the Sum of Ninety two Pounds Six Shillings and Sixpence in the said Navy Five Pounds per Centum per Annum Annuities transferrable at the Bank of England; and so in proportion for any greater or less Sum than One hundred Pounds of any such Stocks, Funds or Annuities, exceeding the Sum of One thousand Pounds, so transferred respectively. IV. Provided always, and be it enacted, That it shall not be be made at the lawful for any Person to make any Transfer, for the Purposes of this Act, of any such Irish Three Pounds and Ten Shillings per Centum per Annum Annuities and Debentures, or of any such Irish Four Pounds per Centum per Annum Annuities, transferrable at the Bank of Ireland, at any time on or after the Twelfth Day of December next preceding the Fifth Day of January, nor on or after the Twelfth Day of June next preceding the Fifth Day of July in any Year, nor to make any Transfer for the Purposes of this Act of any such Irish Five Pounds per Centum per Annum Annuities or Debentures, transferrable at the Bank of Ireland, at any time on or after the Twelfth Day of March next preceding the Fifth Day of April, nor on or after the Twelfth Day of September No Transfers to Bank of Ire land after certain Days preceding the several Dividend Days. |