The Sun.
London, England, 1853-04-07 00:00:00

THE NATIONAL DEBT REDEMPTION A CTS.

The following are the resolutions to be proposed by
the Chancellor of the Exchequer in Committee, on Acts
relating to the National Debt, to-morrow evening :
" 1. That the capital trading stock of the Corporation
of the Governor and Company of Merchant of Great
Britain, trading to the South Seas and other parts of
America, and for encouraging the fishery, which is called
and known by the name of South Sea Stock : the capital
stocks of the 31. per Centum Annuities, called and known
by the name of the Old South Sea Annuities and by the
name of the New South pea Annuities : the capital stock
of the 3/. per Centum Annuities, created by an act passed
in the twelfth year of King George the First, intituled,
"An Act for granting to His Majesty the sum of
1,000,0001., to be raised by way of lottery," called and
known by the name of the Bank Annuities 1726: and the
capital stock of the 3/. per Centum Annuities, created by
an act passed in the twenty-fourth year of King George
the Second, intituled "An Act for granting to his Majesty
the sum of 2,100,0001., to be raised by annuities and a lot-
tery, and charged on the Sinking Fund, redeemable by
Parliament," caled and known by the name of the 3/. per
Centum Annuities 1751, sli%ll be paid off and redeemed.
" 2. That every person, body politic and corporate, who
now is, or hereafter may be, interested in the capital
stocks of any of the said 3/. per Centum Annuities, who
shall, in manner hereinafter directed, give notice at any
time on or before Friday, the 6th day of May, 1853, of his
assent to receive other government securities in lieu and
in place of the said capital stocks of the said annuities, in-
stead of being paid in money, shall, at the option of the
said parties, receive for every 1001. thereof, 821. 10s. in a
a New Stock of Three-and-a-Half per Centum An-
nuities, which said annuities shall be paid at the
rate oF3/. 10s. per centum per annum until the sth clay of
January, 1891, from and after which clay the said annui-
ties shall be subject to redemption by Parliament ; or for
every 1001. of the said capital stocks of annuities the sum
of 110/. in a New Stock of Two-and-a-Half per Centum
Annuities, which said annuities shall be paid at the rate
of 21. 10s. per centum per annum until the sth day
of January, 1894, from and after which day ' the
said annuities shall be subject to redemption by Par-
liament ; or for every sum of 1001. of the capital
Stocks of the said 31. per Centum Annuities, an Exchequer
Bond for the like amount, payable to the bearer, and
carrying interest at the rate of 2/. 15s. per centum per
annum, payable half-yearly on the Ist day of March and
the Ist day of September in every year, until the Ist clay
of September in a year to be named in such bond, and not
later than Ist September, 1861, inclusive, and thenceforth
2/. 10s. per centum per annum, payable half-yearly in like
manner, until and including the lst of September, 1894,
and thereafter to be subject to redemption at par, at the
option of the holder, or at the option of the Commissioners
of her Majesty's Treasury, as shall be named in such bond.
"3. That the dividends and interest payable on such New
31,105. per Centum Annuities, on such New 21. 10s. per
Centum Annuities, and on such Exchequer Bonds, shall be
Charged and chargeable upon the Consolidated Fund of the
United Kingdom of Great Britain and Ireland.
" 4. That the dividends now payable by law on sth July
and sth January in every year on the said Capital Trading,
Stock and on the said capital stock of New South Sea An-
nuities, annuities 1726, and annuities 1751, shall continue
payable until the sth January, 1854, inclusive, and no
_

4-That the dividends now payable by law on 10th Octo-
ber and sth April in every year on the said capital stock
of Old South Sea Annuities shall continue payable until
sth April, 1854, inclusive, and no longer.
" 5. That if the Corporation of the Governor and Com-
pany of Merchants of Great Britain trading to the Soiith
Seas and other parts of America, and for encouraging the
fishery, shall at any time on or before Friday, the 3d day
of June, signify to the Commissioners of her Majesty's
Treasury their assent to,commute and exchange the said
capital trading stock, or any part thereof, into any one or
more of the said 3/. 10s. per Centum Annuities, New 2/.
10s. per Centum Annuities, or Exchequer Bonds, the said
corporation shall be permitted to make such commutation
and exchange upon the same terms, and subject to the like
conditions, as are granted to the person or persons, bodies
politic or corporate, interested in, or entitled to, the capi-
tal stock of 3/. per Centum Annuities now proposed to be
paid off and redeemed.

" 6. That all and every person or persons, bodies politic
or corporate, possessed of any part of the said 3/. per Cen-
t= Annuities, and who shall desire to signify his, her, or
their assent to receive the said New 3/. 10s. per Centum
Annuities, New 2/. 10s. per Centum Annuities, or Exche-
quer Bonds in lieu thereof, shall on or before the 6th day of
May, 1853, but within the usual hours of transacting busi-
ness at the Bank of England, or at the South Sea House, by
themselves or some agent or agents for that purpose duly au-
thorised, signify to the Governor and Company of the Bank
of England, or to the Governor and Company of Merchants of
Great Britain trading to the South Seas, as the case may be,
such assent in writing under his, her, or their hand or hands-
or the hand or hands of his, her, or their agent or agents,
together with the amount of his, her, or their respective
share or shares in the said 3/. per Centum Annuities, and
which said assent shall be entered in a book or books to be
opened and kept by the said governor and company of the
Bank of England and by the said governor and com-
pany of merchants of Great Britain trading to the,
South Seas for that purpose ; and in case of any transfer
of such share or shares of such annuities, or any part or
parts thereof, after such assent, the part or parts of such
annuities so transferred shall be entered in the said book
or separately from the 3/. per Centum Annuities, in
respect of which no such assent shall be signified, and
every such person or persons so assenting, or his, or her or
their assigns, or the executors or administrators of such
assigns, under any such transfer, shall be entitled for
every 1001. capital stock of the said 3/. per Centum An-
nuities to 21. 10s. of the capital stock of New 3/. 10s. per
Centum Annuities, or to 110/. of the capital stock of the New
2/. 10s. per Centum Annuities, or to an Exchequer Bond
of 100/. bearing interest as aforesaid : provided always that
if any person or persons holding any such 3/. per Centum
Annuities, shall not be within the limits of the United
Kingdom at any time between the Bth day of April and
the 6th day of May, 1853, both inclusive, but shall be in
any other part of Europe, it shall be lawful for such per-
son or persons to signify such assent at any time before the
30th day of July, 1853 ; and if any such person
Or persons shall not at any time between the Bth day
of April, 1853, and the 30th day of July, 1853,
be within any part of Europe, it shall be lawful for him,
her, or them to signify such assent at any time before
the Ist day of February, 1851, such person or persons
proving to the satisfaction of the Governor or Deputy
Governor of the Bank of England, or to the Governor of the
South Sea Company, his, her, or their absence from the
United Kingdom, or out of Europe, as above specified, and
that his, her, or their share or shares of such 31. per Centum
Annuities stood in his, her, or their name or names respec-
tively, orin the name or names of any one or more trustee or
trustees, on his, her, or their behalf, in the books of the Gover-
nor and Company f the Bank of England, or Governor and
Company of Merchant Traders to the South Seas on the 6th
day of May, 1853: provided also, that such person or per-
sons so absent from the United Kingdom, or out of Europe,
shall signify such his, her, or their assent, within ten days
after his, her, or their return to the United Kingdom.
"7. "haat every person or persons, body politic or
corporate, who now is, or hereafter may be, interested
in or entitled to any part of the capital stock of the
Consolidated 3/. per Centum Annuities, or of the Capi-
tal Stock of the Reduced 3/. per Centum Annuities,
payable at the Bank of England, or at the Bank of
Ireland, and who shall at any time before the 10th day
of October, 1853, signify to the Governor and Company of
the Bank of England, or to the Governor and Company of
the Bank of Ireland, by an entry to be made in books to
be opened for such purpose, his desire to commute and ex-
change any or all of the said annuities to which he may be
entitled, into any one or more of the said New 3/. 10s. per
Centum Annuities, Newt/. 10s. per Centum Annuities, or
Exchequer Bonds, shall be permitted to make such com-
mutation and exchange upon the same terms and subject
to the like conditions as are granted to the person or per-
sons, bodies politic or corporate, interested in or entitled
to the Capital Stocks of 3/. per Centum Annuities pro-
posed to be be paid off and redeemed as aforesaid.
" 8. That the Commissioners of her Majesty's Treasury be
authorised and empowered to issue at any time between
the sth of April, 1853, and the sth of April, 1854, Ex-
chequer Bonds, payable to bearer, upon the like terms and
conditions as hereinbefore described, and after public no-
tice in the London Gazette, from time to time to sell such
Exchequer Bonds, or any part thereof, and to apply the
proceeds in redeeming any part of the capital trading stock
or capital stock of annuities now proposed to be paid off and
redeemed, or in purchasing and cancelling any Exchequer
Bills, or in exchanging such Bonds for Exchequer Bills, upon
such terms as the said Commissioners shall think proper,
or in purchasing and cancelling any of the Consolidated 3/.
per Centum Annuities, or Reduced 3/. per Centum Annui-
ties, payable at the Bank of England or at the Bank of
Ireland, as the case may be.
" 9. That the interest on such Exchequer Bonds shall be
charged and chargeable on the said Consolidated Fund.
" 10. That no amount of such Exchequer Bonds shall
be issued exceeding in the whole the sum of thirty
millions.
" 11. That it shall be lawful for the Accountant-
General of the Courts of Chancery in England and Ireland
respectively, and for the Accountant in Bankruptcy in
in England, at any time before the 6th day of May 1853,
to signify to the Governor and Company of the Bank of
England, or to the Corporation of the Governor and Com-
pany of the Merchants of Great Britain trading to the
South Seas and other parts of America, and for encou-
raging the fishery, on behalf any suitor or suitors, or others
interesting 3/. per Centum Annuities hereinbefore referred
to, standing in the names of such Accountants-General
and Accountant respectively, their assent to accept and
receive shares in the said New 3/. 10s. per Centum
Annuities, or New 21. 10s. per Centum Annuities, or
Exchequer Bonds, in
lieu of all such 3/. per Cen-
tum Annuities standing in their names respectively;
and the said Accountants-General and Accountant
respectively shall be fully indemnifieedslpaegeatinosft
anyal l aacettile.onns:
suits, and proceedings for and in r
matter, or thing done by them respectively in pursuance
thereof.
" 12. That all executors, administrators, guardians, and
y p
trustees interested in or entitled to any part of the capital
stock of the Old South Sea 3/. per Centum Annuities, of
the New South Sea 3/. per Centum Annuities, of the 3/.
per Centum Annuities created by the Act 12th George
the First, of the 3/. per Centum Annuities created by Vie.
Act 24th George the Second, of the Consolidated 3/. per
Centum Bank Annuities, and of the Reduced 3/. per
Centum Bank Annuities, whether payable at the Bank of
England or at the Bank of Ireland, as the case may be,
who shall signify their desire to convert the Annuities to
which they may be respectively interested into any of the
New 3/. 10s. per Centum Annuities New 2/. 10s. per
Centum Annuities, or Exchequer Bonds, shall be in-
demnified.

THE NEW CASTLE AT BALMORAL.—The contracts for
the mason work of the new castle to be erected at Bal-
moral for her Majesty has been obtained by Mr, Alex.
Stuart, Peterhead. Arrangements are being made to
commence the work forthwith.—Edinburgh Courant.
THE SEPARATE SYSTEM IN WORKHOUSES.—In conse-
quence of the refractory conduct of the females in the
Marylebone Workhouse, who, although supplied with
situations as domestic servants, leave their places in a
few days, and return to the workhouse, where they
inoculate the other females with their evil propensities
and vices, the house rota have recommended the board
of guardians to adopt the separate system as regards
those characters by keeping each in a cell by herself.
EXTENSION OF THE SUBMARINE TELEGRAPH.— Yester-
day the Submarine and European Telegraph Company
commenced laying down their wires in Pall-mall, St.
James's-street, and Charing-cross, in order to lead
branches into the principal clubhouses at the West-end,
the Government offices, Admiralty, Houses of Parlia-
ment, and Buckingham Palace, so that instant and direct
communication may be made, without dsipatching mes-
sengers to the central offiCe; with all parts of the Euro.
vitA Cwitiuent reached by electric telegraph,