Parties dissent the same, with the Amount of their Stock, to the Governor and Company of the Bank of England. the Bank of England, or any Two or more of them, his, her or their Absence from the United Kingdom, or out of Europe, as the Case shall happen; and that his, her or their Share or Shares of such Five Pounds per Centum Annuities stood in his, her or their Name or Names respectively, or in the Name or Names of any One or more Trustee or Trustees on his, her or their Behalf, on the Twenty second Day of February One thousand eight hundred and twenty two, in the Books of the Governor and Company of the Bank of England; and provided also, that such Proprietor or Proprietors so absent from the United Kingdom, or out of Europe, shall signify his, her or their Dissent within Ten Days after his, her or their Return to the United Kingdom. IV. And be it further enacted, That all Persons, Bodies Politic ing, to signify and Corporate, possessed of any Part of the said respective Five Pounds Centum Annuities, and who shall desire to signify such per Dissent as aforesaid, shall, on or before the Sixteenth Day of March One thousand eight hundred and twenty two, by themselves or some Agent or Agents for that Purpose duly authorized, signify to the Governor and Company of the Bank of England such Dissent, in Writing under his, her or their Hand or Hands, or the Hand or Hands of his, her or their Agent or Agents, authorized as aforesaid, together with the Amount of his, her or their respective Shares in the said Five Pounds per Centum Annuities; and which said Dissents shall be entered in a Book or Books to be opened and kept by the said Governor and Company for that Purpose, Dissents to be and numbered in the Order in which such Dissents shall be reentered. Persons dissent ing how to be paid off. Dissents of Ac June 1822. ceived by the said Governor and Company; and in case of any Transfer of such Shares, or any Part or Parts thereof, after such Dissent, the Part or Parts so transferred shall be entered in the Books of the said Governor and Company under the same Numbers as were affixed to such Shares when the Dissent or Dissents was or were so signified; and every such dissentient Proprietor or Proprietors, or his, her or their Assigns, or the Executors or Administrators of such Assigns, under any such Transfer, shall be paid off in the numerical Order in which his, her or their Name or Names shall be entered in such Book as aforesaid, such Payment to commence on the Fifth Day of July One thousand eight hundred and twenty two, and to be continued at such Periods and in such manner as Parliament may direct. V. Provided always, and be it further enacted, That it shall be countant Gene- lawful for the Accountant General of the Court of Chancery, and ral in Chancery also for the Accountant General of His Majesty's Court of Exand Exchequer may be signichequer, respectively, at any Time before the Thirtieth Day of fied before 30th June One thousand eight hundred and twenty two, to signify to the Governor and Company of the Bank of England, on Behalf of any Suitors or others interested in any such Five Pounds per Centum Annuities standing in the Names of such Accountants General respectively, their Dissent under this Act, in respect of Orders by the any of such Annuities; and General or Special Orders may be made said Courts in a summary Way, either upon Application by Motion or Petition made in a Sum- of Suitors or Persons interested, or upon Motion by His Majesty's Motion or Peti- Attorney General, or otherwise, by the said Courts respectively, tion, in relation in respect of any such Annuities, either as to signifying or not sigthereto, not to nifying any such Dissents, or as to any other Matter or Thing re mary way on lating to any such Annuities, or the Dividends thereof, or to any be subject to Four Pounds per Centum Annuities, which may be created in lieu Stamp Duties. thereof, or to the Application of any such Four Pounds per Centum Annuities, or the Dividends thereof; and no Application, Petition or Affidavit made by or on Behalf of any Suitor or other Person interested in any of such Annuities, or the Dividends thereof respectively, or Örder or Report made, or other Proceeding had, in either of the said Courts respectively, in consequence of this Act, or which may arise out of any of the Provisions of this Act, in relation to the said Five Pounds per Centum Annuities respectively, or any Part or Share or Shares thereof, standing in the Names of the said Accountant General of the said Courts respectively, or in relation to any Four Pounds per Centum Annuities which may be created under this Act, and hereafter stand in the Names of the said Accountants General respectively, in lieu of the said Five Pounds per Centum Annuities before standing in their Names respectively, or the Dividends of such respective Annuities; nor any Copy or Copies of such Application, Petition, Affidavit, Order, Report or other Proceeding, shall be subject or liable to be stamped, or charged or chargeable with any Stamp Duties whatever, any Thing in any Act or Acts of Parliament to the contrary notwithstanding; and the said Accountants General If no Dissent, respectively shall be deemed and taken to have consented to ac- such Accountcept and receive Shares in the said New Four Pounds per Cen- ants General deemed to have tum Annuities, in lieu of all such Five Pounds per Centum Anaccepted the nuities standing in their Names respectively, as to which no such New Stock. Dissent shall have been signified by them respectively as aforesaid; Indemnity of and the said Accountants General of the said Courts of Chancery Accountants and Exchequer respectively shall be and are hereby fully indemnified against all Actions, Suits or Proceedings for or in respect of any Act, Matter or Thing done by them respectively, in pursuance of or under any of the Provisions of this Act, and also for and in respect of their respectively not signifying in any Case such their Dissent as aforesaid; and in case any Action, Suit or other Pro- Courts may ceeding be commenced or instituted against the said Accountants stay Actions General, or either of them, for or in respect of any such Act, against them. Matter or Thing, or not signifying any Dissent as aforesaid, it shall and may be lawful for the Court in which such Action, Suit or Proceeding shall be commenced, or shall be pending, upon summary Application, to stay, and such Court is hereby required to stay, such Action, Suit or Proceeding, and to make such Order relative to the Costs thereof as such Court shall think expedient. General. sent. VI. And be it further enacted, That all Executors, Administra- Executors, tors, Guardians, Trustees and all Committees of the Estates of Trustees, Idiots and Lunatics, who as such shall have the Controul over any &c. may disShares of the said respective Five Pounds per Centum Annuities, standing either in their own Names, or in the Name or Names of any Testator or Intestate, or of any Infant or Infants, or Idiot or Lunatic, may, if residing within the United Kingdom, signify such Dissent as aforesaid to the Governor and Company of the Bank of England, at any Time before the last Day of March One thousand eight hundred and twenty two; and if either of any Two or more of any such Executors, Administrators, Guardians, Trustees or Committees shall reside out of the United Kingdom, the Period Not duly signifying Dissent taken to have assented. Dividends how payable. Transfer of Irish 51. per Cents, since 26th February 1822, void. . Books to be opened at the Bank of England for receiving Entries of the New 41. per Cent. Annuities. within which such Dissent may be signified shall be regulated by the Residence of the most distant of such Executors, Administrators, Guardians, Trustees or Committees, in each case; and all Executors, Administrators, Guardians, Trustees and Committees, not signifying such Dissent within the Periods specified in this Act, according to such Residence, shall be deemed and taken to have assented, and they are hereby severally and respectively indemnified for not signifying such Dissent under this Act. VII. And be it further enacted, That every Person who shall be entitled to receive the Dividends upon any Navy Five Pounds per Centum Annuities aforesaid shall be paid and receive the Dividend due thereon on the Fifth Day of July One thousand eight hundred and twenty two; and that every Person who shall be entitled to receive the Dividends upon any Irish Five Pounds per Centum Annuities aforesaid shall be paid and receive the Dividend which will become due on the Fifth Day of April One thousand eight hundred and twenty two, and shall be further entitled to One Quarter's Dividend thereon, which shall become due on the Fifth Day of July One thousand eight hundred and twenty two; and the said Five Pounds per Čentum Annuities respectively shall be paid off, or converted into Four Pounds per Centum Annuities, as the case may require, from and after the said Fifth Day of July One thousand eight hundred and twenty two; and that every Transfer of the said Irish Five Pounds per Centum Annuities, or of any Annuities at the Rate of Five Pounds Centum per Annum, payable in Ireland, which has taken place to or from the Books of the Governor and Company of the Bank of England, from or to the Books of the Governor and Company of the Bank of Ireland, since the said Twenty sixth Day of February One thousand eight hundred and twenty two, shall be and the same is hereby declared to be null and void. per VIII. And be it further enacted, That it shall and may be lawful for the said Governor and Company of the Bank of England, at any Time after the First Day of April One thousand eight hundred and twenty two, to open Books for writing up and receiving the Entry into the New Four Pounds per Centum Annuities, of any of the Five Pounds per Centum Annuities before described, belonging to any Proprietor or Proprietors who may not have expressed his, her or their Dissent to receive such Four Pounds per Centum Annuities, and who may be desirous of converting his, her or their Five Pounds per Centum Annuities into the said Annuities at the Rate of Four Pounds per Centum per Annum, before the Fifth Day of July One thousand eight hundred and twenty two; but the Dividend or Dividends of the said Five Pounds per Centum Annuities, which would become due on the Fifth Day of July One thousand eight hundred and twenty two, the Old 51. per shall be paid and payable to the Person or Persons in whose Regulation as to Payment of Dividends of Cents. due 5th July 1822. Name the said Five Pounds per Centum Annuities stood, immediately before they were so converted into Four Pounds per Centum Annuities, and the First Dividend of the said Four Pounds per Centum Annuities, notwithstanding such Conversion previously to the Fifth day of July One thousand eight hundred and twenty two, shall not become due until the Fifth Day of January One thousand eight hundred and twenty three. • IX. And · XI. And Whereas certain Debentures issued in Ireland, for 'the Sum of One hundred Pounds each, bearing an Interest of Five Pounds per Centum per Annum, payable at the Bank of 'England, which have been allowed by different Acts of Parlia'ment to be transferred into Irish Five Pounds per Centum Annui'ties, transferrable at the Bank of England, have not been so 'transferred by the Holders thereof into such Five Pounds per 'Centum Annuities, but still remain outstanding;' Be it therefore enacted, That every Holder of or Person entitled to any such Debenture or Debentures, who shall not write up or convert any such Debenture or Debentures into Irish Five Pounds per Centum Annuities, payable at the Bank of England, before the Sixteenth Day of March One thousand eight hundred and twenty two, and who shall not, on or before the said Sixteenth Day of March, express his, her or their Dissent to accept of the said Four Pounds Centum Annuities, in lieu of the said Five Pounds per Centum Annuities so to be written up as aforesaid, shall be deemed to have assented to accept of Four Pounds per Centum Annuities in respect of the Amount contained in any such Debenture or Debentures, as if the same had been transferred into Five Pounds per Centum Annuities, and shall in lieu of the said Debentures receive and be entitled, from the Fifth Day of July One thousand eight hundred and twenty two, to such an Amount of New Four Pounds per Centum Annuities as they would have been entitled to if they had written up the said Debentures into Five Pounds per Centum Annuities, and had not expressed his, her or their Dissent to receive Four Pounds per Centum Annuities in lieu thereof. per ant General. Cents. to be X. And for the more easy and sure Payment of the Annuities Bank to appoint established by this Act, it is hereby further enacted, That the a Cashier and said Governor and Company of the Bank of England, and their an AccountSuccessors, shall from time to time appoint and employ one or more sufficient Person or Persons within their Office in the City of London, to be their Chief or First Cashier or Cashiers, and one other sufficient Person within the same Office to be their Accountant General; and that the Monies from time to time, and at In the Excheany time, being in the Receipt of the Exchequer, hereby made quer Monies applicable to the Payment of the said Four Pounds per Centum applicable to Annuities, shall, by Order of the Commissioners of His Majesty's the New 41. per Treasury of the United Kingdom of Great Britain and Ireland, or any Three or more of them, or the Lord High Treasurer for the time being, without any further or other Warrant to be sued for, had or obtained in that Behalf be issued and paid at the said Receipt of Exchequer, to the said First or Chief Cashier or Cashiers of the said Governor and Company of the Bank of England, and their Successors for the Time being, by way of Imprest and upon Account for the Payment of the said Annuities; and that such Cashier or Cashiers to whom the said Monies shall from time to time be issued, shall from time to time, without Delay, apply and pay the same accordingly, and render his or their Accounts thereof, according to the due Course of the Exchequer. XI. And it is hereby also enacted, That the said Accountant General for the time being shall, from time to time, inspect and examine all Receipts and Payments of the said Cashier or Cashiers, and the Vouchers relating thereunto, in order to prevent any Fraud, Negligence or Delay. 3 GEO. IV. D XII. And paid to such Cashier. Accountant General to examine Receipts and Pay ments. All the Annuities created by this Act to be one Joint Stock. Books to be kept in Accountant General's Office. Mode of transferring the New Stock. Annuities to be Personal Estate. And not liable to Foreign At tachment. Powers of Dividends on 51. per Cents. to remain in force for Receipt of New 41. per Cents. XII. And be it further enacted, That all the said Annuities, after the Rate of Four Pounds per Centum per Annum, created by virtue of this Act, shall be deemed, reputed and taken to be One Capital or Joint Stock; and that all and every Person and Persons and Bodies Politic and Corporate whatsoever, shall have and be deemed to have a proportional Interest and Share in the said Stock, and in the Annuity attending the same, at the Rate aforesaid; and that the said whole Capital or Joint Stock, or any Share or Interest therein, and the proportional Annuity attending the same, shall be assignable and transferable as this Act directs, and not otherwise; and that there shall constantly be kept in the Office of the said Accountant General for the Time being, within the City of London, a Book or Books wherein all Assignments or Transfers of the said Capital or Joint Stock, or any Part thereof, and the proportional Annuity attending the same, at the Rate aforesaid, shall be entered and registered, which Entries shall be conceived in proper Words for that Purpose, and shall be signed by the Parties making such Assignments or Transfers, or if any such Party or Parties be absent, by his, her or their Attorney or Attornies, thereunto lawfully authorized, by Writing under his, her or their Hands and Seals, to be attested by Two or more credible Witnesses; and that the Person or Persons to whom such Transfer or Transfers shall be made shall respectively underwrite his, her or their Acceptance thereof; and that no other Method of assigning or transferring the said Stock, and the Annuities attending the same, or any Part thereof, or any Interest therein, shall be good and available in Law; and that no Stamp Duties whatsoever shall be charged on the said Transfers or any of them. XIII. And be it further enacted, That all Persons and Corporations entitled to any such Annuity or Annuities of Four Pounds per Centum per Annum, created by this Act, and his, her and their Administrators, Successors and Assigns respectively, and all Persons and Corporations lawfully claiming under him, her or them, shall have good, sure, absolute and indefeasible Estates and Interests in the said respective Annuities, according to the true Tenor and Meaning of this Act, and shall be possessed thereof as of a Personal Estate, devisable as such, and which shall not be descendible to Heirs, nor liable to any Foreign Attachment by the Custom of London or otherwise, any Law, Custom or Usage to the contrary notwithstanding; but no Payment shall be made or Transfer allowed upon any Devise, until such Devise shall have been duly entered at the Bank. XIV. And be it further enacted, That all Powers of Attorney which shall be in force at the Time of passing this Act, and which would have remained in force if this Act had not passed, for the Receipt of Dividends, or for Sale or Transfer of any Five Pounds per Centum Annuities, which shall under or by virtue of this Act be converted into the said New Four Pounds per Centum Annuities, shall continue and remain in full force and Effect for receiving the Dividends which shall become due on the Four Pounds per Centum Annuities created by this Act in lieu thereof, or for selling or transferring any such Four Pounds per Centum Annuities, and also for receiving Dividends on any further Sum of such Four Pounds per Centum Annuities, which the Parties by whom such Letters of Attorney were given may hereafter purchase |