The Sun.
London, England, 1844-03-11 00:00:00

THE SUN, LONDON, MONDAY MORNING, MARCH 11, 1844.

duced to give three more lectures, and we assure our
readers they will miss a treat if they
.neglect attending.
Mr. Hall is incomparably the best lecturer we ever heard
on mesmerism, 'and his experiments are perfectly unique
and unequalled.—Hulifax Guardian, March 2.

THE NATIONAL DEBT.

It may be interesting, at the present time, to refer
briefly to the reductions in the interest of the debt,
which were first commenced 127 years ago. In the
year 1717, the interest on part of the permanent debt
was reduced from six to five per cent., and a regular
sinking fund was provided by Act of Parliament (3 Geo.
1., c. 7), for the redemption of the permanent debt ; by
the former operation an annual saving was effected of
328,5601.; but very little appears to have been accom-
plished by the action of the Sinking Fund, although the
falling in of annuities effected a trifling reduction, the
National Debt at the close of• the reign of Geo. 1.,
amounting to about 2,000,000/. less than at the conclu-
sion of the previous reign ; the annual charge was con-
siderably diminished by the reduction of interest in
1717, and by a further reduction from five per cent. to
four per cent. in 1727, at the end of which year the
annual charge was 2,217,551/
In the peace which prevailed during the greater part
of the interval from 1727 to 1739, upwards of 5,000,0001.
of the debt was discharged by the operation of the sink-
ing fund, and the falling in of temporary annuities. On
the 31st of December, in the latter year, it amounted to
about 47,000,0001., whereof about 40,000,000 i
constituted the permanent debt, and the remainder
consisted of terminable annuities and unfunded securi-
ties ; the annual charge was about 1,960,000!.
From the year 1739, the National Debt received vast li
additions annually for several years ; the disturbed
state of this country, owing to the landing of Charles Ed-
ward Stuart in 1745, and the war in which the nation
engaged in 1740, in support of the Queen of Hungary's
preten•ions to the throne of Austria, involved the
Government necessarily in very large expenses ; the
debt on the 31st of December, 1749, soon after the treaty
of peace concluded at Aix-la-Chapelle, amounted to above
76,000,0001., being an increase during the war of
29,000,000/. In the short interval of peace which sue
ceeded the treaty of 1748, the Government was enabled,
by the rise in the price of Stocks, to effect a reduction
in interest in the Four per Cents. This was done on the
29th of November, 1749. The stockholders were to re-
ceive 4 per cent. until the 25th of December, 1750; from
that time till the 25th of December, 1757, they were to
be allowed 3 per cent., after which time the interest
was to be reduced to 3 per cent. In the year 1751 seve-
ral of these stocks were consolidated into one fund,
amounting collectively to 9,137,821/. ; this was the ori-
gin of the present Consolidated Three per Cent Annui-
ties. Various other stocks were consolidated at the
same period to the amount of 17,701,323/, forming the
commencement of the present Three per Cent. Reduced
Annuities.

STATE OF TRADE.

FOREIGN WOOL TRADE, LEEDS, MARCH B.—The
supply of wools from Germany having again become
temporarily suspended on account of the frost, this mar-
ket has been pretty well cleared of those descriptions,
which are at present the most in demand. Prices may
be quoted a shade higher. _ _

WAKEFIELD WOOL MARKET, MARCH 8. —We
have comparatively nothing doing in any description of
wools this week ; and in order to effect sales, it would
be necessary to submit to a reduction of ss. to is. 6d.
per pack from our highest quotations; but as stocks can-
not be replaced at this reduction, little is offering.
YORK WOOL MARKET.—We understand that this mar-
ket will commence on the 14th instant (the first Assize
week).
LEEDS.—The slipply of goods at our cloth halls this
week has been very small in such articles as are in pre-
sent demand, such as low wool black cloths; in common
colours; low qualities in blues and tweeds, which were
taken off very freely both on Saturday and Tuesday; but
fine goods, although a little more in demand than they
were, are yet very dull of sale. Prices are stationary,
but upon low goods, in consequence of the advance
upon wool, there is a considerable advance. Business
has rather improved in the warehouses during the week.
BRADFORD MARKET, THURSDAY.— The late cold
weather has tended to retard the operations of the home
merchants in their purchases for the spring trade, which
is generally expected to be more than the average of
several years past, and as the stock of goods in the mar-
ket is low, there is a fair prospect of a healthy trade,
and present prices fully maintained. The demand for ,
yarn being fully equal to the production, there is no ac-
cumulation, and the contracts for March delivery have
been made at last month's prices. During the week
there has been a degree of langour in the wool market;
but there is no disposition shown to accept lower prices.
TRADE OF MANCHESTER, THURSDAY EVENING.--
We have this week to report a decidedly more dull
market for cloth, and especially so for printing cloths,
which may be quoted sixpence a piece lower, and which
are heavy sale at that decline; the tendency since Tues-
day for this article is decidedly downwards. The gene-
ral opinion seems to be that the stap'e having seen its
height, prices will now fall, which makes anxious sellers
and shy purchasers for both goods and yarns. The de-
mand for the Bradford market is immense, and seems
every week to increase.—Leecb Mercury.

AGRICULTURAL LABOURERS.

MIDDLESEX and SURREY GRAND
JUNCTION RAILWAY.
STANDING ORDERS.
TO THE EDITOR OF THE SUN. ,
am a shareholder in the Middlesex and Surrey
Grand Junction Railway ; and have, consequently, re-
garded with much interest the railway applications to
Parliament this session ; and I feel deeply convinced of
the necessity of a most rigid revision of the standing
orders, or, at least, of their being enforced with strict
impartiality ; and, if you will permit me, I will contri-
bute a few facts in reference to the above line which may
be of public utility at the present moment.
At the close of November last extra Gazettes were
published, containing a notice of an intended line of
railway from llogg's7mill River, on the South Western
Railway, through certain districts, to Epsom in Surrey ;
and in such notice was contained a paragraph that
" Application was intended to be made to Parliament for
leave to let or sell the intended line to the South Wes-
tern Railway Company." This notice was signed by
Mr. Bircham and Messrs. Morgan, solicitors, Old Jewry.
The usual landowners' notice was subsequently
served along the line very imperfectly, as I am informed,
some land-owners being omitted—why, I do not stop to
inquire—and the usual deposit of plans, &c., was made
by the same parties who published the notice in the
Gazette.

In February a petition was presented on behalf of the
South Western Railway Company (mark this!) for leave
to bring in a Bill, &c, for making the line, and the same
was referred to the Committee on Standing Orders.
Now this Committee had to decide whether the South
Western Company had, amongst other things, published
the usual notices required by the Standing Orders, and
the Committee decided the South Western Company had.
Now, it is clear that the South Western Company
never published or served a single notice, the only notice
of the intended line being the above, which bears on the
face of it evidence of its NOT being the South Western
Company's; for none but madmen would have applied to
Parliament to let or sell an intended line to themselves
but the name of Mr. Bircham, the respectable solicitor
to the South Western Company. being attached to that
notice, in company with other solicitors' names, seems to
have had an effect on the Committee.

Now, here the Standing Orders are a perfect farce,
and I repeat the South Western Company never served
a single notice of this intended line before the presenta-
tion of the petition. The House, however, received a
report that the Standing Orders had been complied
with, and the Bill was read a second time, and, unless
the Lords interfere, will become a law.

From the case above-mentioned, one would naturally
conclude that the Committee would not be very
squeamish about the Standing Orders ; and the Mid-
d:esex and Surrey Company applied for an extension
of time ; but, observe the different conduct pursued
in this latter instance—it was refused peremptorily,
no witnesses examined, and the undertaking is thrown
over until next session.

Now Sir, there are, or rather were, three lines of
railway before the House, running to or near the town
of Epsom, in Surrey—Hogg's-mill River to Epsom—
Croydon to Epsom—and the Middlesex and Surrey,
crossing the country betweem„,Epsom and EwelL Jus-
tice to Epsom demanded that the three lines should be
before the Committee together, in order that the best of
the three should be adopted. This is denied, and it will,
in all probability, be seen that a clumsy junction of the
Croydon-Epsom and Kingston-Epsom may be finally ef-
fected. Another consideration arises—whence arises this
extraordinary power of the South Western Company to set
aside a Standing Order of such vital importance to the
public as the public notices in the Gazette, and individual
notices along the line ? Is there a. sort of mesmeric
power possessed by established companies over Com-
mittees of the House ?

I am, Sir, your obedient servant,
A CONSTANT READER.

MILITARY STATIONS.

(From the United Service Magazine for March.)

SPIRIT of the PUBLIC JOURNALS.
FROM THE EVENING PAPERS OF SATURDAY.
GLOBE.—The proceedings of the Athlone Tories,
and "their political connexions resident in London,"
against Mr. Collett's return for that previously safe
Conservative borough are, probably, unequalled in the
annals of political faction. The petition got up last
year against that gentleman's return, and which was
persisted in to the last moment, will not be speedily
forgotten. The Committee selected by the House to
try the merits of that petition assembled. The counsel
engaged to defend the return ; the agents and wit-
nesses for the sitting Members were all in attend-
ance; when the agent for Captain Beresford ap-
plied for a postponement, on the ground that Mr.
Cockburn, who was to have appeared for the peti-
tioners, was " gone to the Derby !" The Corn
mittee refused to entertain the application—its desti-
tution-of all claim to regard was, indeed, obvious to
every one. Had anything been wanting to complete
the proof of its paltry character, it would have been
supplied by Mr. Cockburn's letter to the public jour-
nals, on the following day, requesting them to state,
that though at his chambers until ten o'clock the
evening previously to the day appointed fur
trying the merits of the petition, no brief had
been sent, nor any instructions given, to him, to
appear to support it before the Committee. This
trifling with the privileges of Parliament—this per-
version of the authority of the House of Commons
to the purposes of mere party malevolence, was com-
mented upon by us at the time. We called upon
the House to visit the conduct of' the parties who
had thus acted, with some tangible mark of its
displeasure. Had this been done ; or had the
Committee pronounced the petition against the re-
turn "frivolous and vexatious "—as it might and
ought to have done—and thus fixed the petitioners,
or their securities, with the costs incurred by
Mr. Collett in defending his return, thus ground-
lessly called in question, the new and, if possible,
yet more disgraceful experiment—made, as we verily
believe, and as the evidence goes to prove, for the
purpose of extortion, would not have been ven-
tured upon. The first abortion alleged corrupt
practices against the sitting Member, or his agents,
at or before the election. The second was framed
and presented to the House of Commons under
the new election law ; which, in cases where corrupt
payments were made after an election, allowed
the return to be questioned within twenty-eight
days after the making of such corrupt payments. This
new move was performed under the direction of a Mr.
Moss, who described himself to the Committee as
" resident in London, but politically connected with
Athlone." This gentleman, whose description of
himself seemed to afford considerable amusement
to the Committee, admitted, in his cross-exami-
nation, that " he had advanced money for the
purposes of this petition ; that he had re-
ceived 2001. from Messrs. Wimborne and. Collett,
the solicitors of Chancery-lane, who had taken up the
, petition ; that he (Mr. Moss) had advanced money
out of friendship towards Mr. Beresford; and that he
expected that any person who went down as a candi-
date on the Conservative interest, and who should be
successful, would bear the expenses of this petition."
Such being the questionableposition of the concoctor
of the petition, and his admissions as to the worthiness
of the objects for which it was projected, we now come
to the petitioners, and the parties who' were called to
"give evidence. The former were thus described by
one of their own witnesses :—" Kelly is one of the
petitioners. He is . not worth fourpence. , Fallon,
another petitioner, could_ not give his .family a din-
ner of potatoes and milk. All the petitioners to-
gether could not pay half the expenses of my 1
coming to town. These poor creatures were,
by the depth of their peverty, rendered more
easily accessible ; and were more likely to
escape the consequences of . becoming parties
to the scheme. The witnesses who were ex-
pected to prove the accepting of money for their votes,
were repudtitted by those who adduced them. They
failed to prove—indeed, they completely negatived,
having received any money, or anything else, in the
ivay of consideration, for voting for Mr. Collett ;
but one of them did let out 'that " he
had been offered 451. to vote for Captain Beresford."
Ve trust that the evidence will be printed by an
rder of the House, and that some Member will
ring the subject before the House on a question of
rivilege, or in some other form, in order to ascertain
!I.
ow far such proceedings as those which have
een prosecuted against Mr. Collett's return for
thlone, are consistent with the freedom of repre-
4entation or the privileges of Parlianient. More
than one party whose names appear in this affair
ught to be called to the bar, of the House, to answer
or their conduct, in thus employing the forms of
he House 'to serve the purposes of election jobbery.
f to signal an instance of utter disre. :rd to the dig.;
wity of Parliament be passed over without inquiry,
ith a view to prevent, by, the .punishment of the
ffenders, a repetition of the offence—such prac-
le
itioners of the trade may ply their traffic without
ar. No more flagrant instance can occur; and
haying allowed impunity to greater, the House
cannot proceed against lesser, offenders against its
rivileges.
STANDARD.—The speech of the Chancellor of
he Exchequer last night, in proposing the conversion
f the Three-and-a-Half per Cent. Stock, received
he unanimous applause of the House of Commons--
Ord it deserved it, for the speech is a model in
its kind, for it is simple, clear, and unpretend-
ng ; rare .merits indeed, if not singular, in a
-financial statement. It is proper ' to say so
-nuch of, the speech in order to protect- it_ from
the common fate of financial statements, the
being put aside unperused by the majority of news-
paper readers. The plan which this most able and
satisfactory speech developes 'has,' however, no small
Share in the merit of the addreSs. It 'is easy, the
lawyers say, to make a good speech with a good case ;
in such a case all is gentle downhill .work, nice gal-
loping ground ; there are no objections to be an-
Swered, no bye-roade to be pursued, no halting
apologies to be dragged along. Mr. evulburn's
merit is, however, not the less than his task, was
light, when the task was lightened by his. own ar-
rangements, as a statesman and finanbier. His
speech was easily made simple and satisfactory, be-
cause his plan is simple and satisfactory ; he needed
iifneither bye-ways nor apologies, because he has ro-
osed to himself neither bye-ends nor any 'ng
or which an apology is necessary. The Right on.
Gentleman's plan of conversion is as follows :
There are about two hundred and fifty millions of the
public debt (somewhere about a third of the whole)
which now pay three-and-a-half per cent. inte-
rest, while the remaining bulk of the debt pays
but three per cent. The effect of the high
character of the public faith of the country,
and the confidence in the stability of the present
Government and in the continuance of general peace,
has caused a very extraordinary rise (more than 10
er cent.) in the price of these securities since Sir
obert Peel's accession to office, a rise which is the
ore remarkable because it has been (as the improve-
Ment,in commerce and manufactures demonstrate),
poncurrent with the application of an immense amount
Of capital to active trade ; the fact being, however, that
he security of British faith ' has attracted
large investments from every part of the world.
Prim whatever cause arising, it is certain that the
Three per Cents. yesterday were very nearly at
Oar, being at 98i, and the Three-and-a-Half at
91_ les_ above part and this has been pretty steadily
the rate of prices for several months. The
time, therefore, for paying off or converting
the stock, which had improved in value beyond
what' was contemplated by borrower and lender
when the loan was originally made, and plainly
arrived. If the nation, by paying 505., could re-
lieve itself of 10s. interest—observing the strictest
good faith all the while—the nation was clearly
entitled to do so, and the Minister to whose hands
the care of the, national finances is confided was
bound to avail himself of the opportunity of
Laving some 14 per cent. of. a large annual dram.
Accordingly, Mr. Goulburn resolved '-to -reduce
the Three-and-a-Half per Cents. to Three per Cent.,
either by conversion into Three 'per Cent. (paying
the marketable difference), or by paying off the
whole, at the will of the holder. Far many rea-
sons, however, it seemed advisable to break the
descent of the holders of the Three and-a-Half per
Cents., instead of holding them to the strict
right ; the sudden diminution of income to many,
though what they ought to have foreseen, might
prove inconvenient, while the balance, which in
one way or other they were to receive 41
consideration of that diminution, might,
.if
very great, disturb the Money Market: Upon these
considerations, the Chancellor of the Exchequer
wisely creates for the occasion an intermediate stock
bearing three and a quarter per cent. interest for ten
years ; but after that bearing interest three per
cent,
~ and no more.; and into this stock he pro-
poses to convert the 250 millions of Three-
and a-Half per Cents. an immediate saving
to the country of 62.5,0001. per annum, and
at the end of ten years a saving of 1,250,000/. per
annum—a saving in the whole, certainly,, equivalent
to an extinction of fifty or sixty millions of the public,
debt. This is something to be boasted of by a Minis-
try not more than two years and a half old; which, at
its accession to office, found the national debt increas-
ing at the rate of three or foUr millions annually, but
Mr. Goulburn makes no boast of the achievement,
he leaves the praise where the praise no doubt is
ultimately 'due, to the untiring energy and
inviolable Britishgood faith of the nation ;
and he is right. It is honour high enough for any
mortal statesman to say that he is worthy to give
direction to such energy, and to be the guardian of
such faith.' And this honour was unanimously
awarded last' night to Sir Robert reel and his F2l,
leaio:&,' -dt d . the ntition'Wilt 'Confirin - the' award. ,
Commerce revived and extended—universal peace
abroad, conquered by glorious victories over all who

THREE-AND-A-lIALP PER CENTS.
,The following are the resolutions to bernoved in Committee :-
1. Resolved-That all and every' person or persons, bodies
politic and corporate, who now is or are or hereafter may be inte-
rested in or entitled unto any part of the National Debt, redeem.
able by law, which now carries an interest after the rate of
31. 10s. per centum per annum, and known in Ireland by the
several mimes of 3/, 10s. per CentumOld Stock and Government
Debentures, Irish Si. 10s. per Centum Reduced Annuities, and
New 3/. 10s. per Centum Anntittles and Government Debentures,
and known in Great Britain by the several names of 31. 10s. per
Centum Reduced Annuities, and New 3/. 10s. per Centum An-
nuities, the dividends of which are paid either at the Bank of
England "or at the Bank of Ireland respectively, and who shall
not signify his, her, or their dissent the manner hereinafter
mentioned, shall for every 100/. of such 31. 10s. per Centum An-
nuities, or Government Debentdres, receive fbr every 'lOO4 of
such 3/. 10s. per Centum Annuities or Government Debentures,
lON.. in
.a new Stock, to be called "3!. 55. per Centum An-
nuities," which said Annuities shall continue to be paid at the
rate. of 3/. 58. per centum per annum until the 10th day of
October, 1854 ; and from and after that date the said Annuities
shall carry interest at the rate of 31 per centum per annum, which
said last-mentioned Annuities shall not be subject to reduction
until from and after the 10th day of October, 1874 ; and the dist.
dends or interest of the said "31. ss. per Centum Annuities,"
and "New 'dL per*Centum' Annuities,"shall be paid and payable
at the Bank of, England; or at the Brink of Ireland, on the sth
day of April and the 10th day of October in each and every year ;
the first half-yearly dividend on' the said "3/. ss. per Centum An.
nuitio" shall be payable on the sth day of. April, 1845; and that
the said "31. Ss: per Centum Annuities," and the " New 31. per
Cent= Anniiities," reMectively, shall be free from all taxes,
charges, and Impositions, in the like manner as the said 3/. 10s.
per Centura Annuities.
2. Resolved-That the Interest and. Dividends payable in re.
spent of the said " 31. 58. per Ceritum Annuities," and " New 31.
per Centum Annuities," shall be charged and payable upon the
Consolidated Fund of the
.United Kingdom of Great Britain and
3. Resolved-That.all and every person and persons, bodies
politic and corporate, who shall not,, within the period commencing
on Monday, the llth day of March, 1844, And ending On' Saturday,
the 23d day of March, 1844; both days inclusive, signify his, her,
or their dissent froufaccepting and receiving a share in the said
" 31. hs. per Centum Annuities," and" New 31. per Centum An-
nuities," in lieu of his, her, or their respective shares in the before.
mentioned 31. 10s. per Centum Annuities of Governnient Deben-
tures, in the manner hereinafter -directed, shall .be-deemed "and
taken to have consented to accept and receive the same : Provided
always, That if any proprietor or proprietors of the said Si.. 10s:
per Cranium Annuities dial' not be within the limits of the United
Kingdom at any time between Monday, the 11 th 'day of March,
1844, and Saturday, the 23d day of March, 1844, both days inclu-
sive, but shall be in any other part of Europe, it shall be lawful for
such proprietor or proprietors to signify such dissent at any time
before the 2d day of June, 1844 ; and if any such proprietor or
proprietors shall not, at any time between the 11th day of March,
1844, and the 2d day of June, 1844, be within any part of
Europe, it shall be lawful for him, her, or them to signify such
dissent at any time before the Ist day of February, 1845, such
proprietor or proprietors proving to the satisfaction of the Governor
or Deputy Governor of the Bank of England, or to the Governor
or Deputy Governor of The Bank of Ireland, according to the
Bank in which his Annuities of 31. 10s. per centum may be
placed, and the Dividends and Interest payable, his, her, or their
abience from the. United Kingdom, or out of Europe, as above
specified, and that his, her, or their share or shares of such
3/. 10s. per Centum Annuities stood in his, her, or their name or
names respectively on the 22d day of March, 1644, in the books of
the Governor and Company of the Bank to which he shall signify
his dissent : provided, that such proprietor or proprietors, so absent
from the United Kingdom:or out of Europe, shall signify such his,
her, or their dissent within ten days after his, her, or their return
to the United Kingdom.
4. Resolved-That provision shall be made for paying off such
proprietor or proprietors of any of the said 31.-10 s. per Centum
Annuities before mentioned as shall signifY his, her, or their dis-
sent from accepting and receiving any share in the said " 3/. ss.
pei Centum Annuities," and " New 31. per Centum Annuities," in
lieu therea
•
5. Resolved-,That all persons, bodies. politic. and 'corporate,
possessed of any part of the before mentioned 31. I.os..per Centum
Annuities, and who shall desire to signify such dissent as aforesaid,
shall, between the 11th day of March, 1844, and the 23d day of
.
March, 1844, both. inclusive, by themselves, or some agent or
agents for that purpose dujy authorised, signify to the Governor
and Company of the Bank of England, or to the Gpvernor and
Company of the Bank of Ireland respectively, in which their
Capital Stock of W. lOs. per Centum Annuities may be placed,
such dissent in writing, under his, her, or their hand or hands,
together with the amount of his, her, or their respective shares in
the said 3!. 10s. per Centum Annuities, and which said dissent shall
be entered in a book or books, to be opened and kept by the said
Governor and Company of each of the said Banks for that pur.
pose, and numbered in the order in which his, her, or their dissen t
shall be received by the said Governor and company of either of
the said Banks; and in case of ally transfer of such shares, or
any part or parts thereof, after such dissent, the part or parts so
transferred shall be entered in the said books under the same
numbers as were fixed to such shares when the dissent was eo
signified; and every such dissentient proprietor or proprietors, or
his, her, or their assigns, under such transfer, shall be paid off in
such order, and at such periods, and in such manner as Parliament
I may direct.
6. Resolved-That every proprietor or. proprietors of the
said 3/. 10s. per Centum Annuities, the Dividends and Interest
on which are payable the sth day of. April, and the 10th
day of October, shall receive the dividends tine thereupon
for the half.year up to the .10th day of October, 1844, and no
longer; and every proprietor or proprietors of the said 3/. 101. per
Centum Annuities, the Dividends andlnterest on which are pay..
able on the sth day of January and the sth day of July, shall re-
ceive the dividend due thereupon for the half-year up to the sth
day of July, 1844, and shall also receive one quarter's Dividend
thereon up to the 10th day of October, 1844, and nob:ever ; and the
several before-mentioned 31. 10s. per Centum Annuities shall be
paid off or converted into Si. ss. per Centum Annuities, and New
3!. per Centum Annuities is manner aforesaid, 'reins and after the
10th day of October, 1844; and no transfer of any of the before-
mentioned 3/. 10s. per Centum Annuities to or from the books of
the Governor and Company of the Bank of England, or to or from
the books of the Governor and Company of the Bank of Ireland,
shall take place from and after the 6th day of March, 1844.
7. Resolved--That all executors, administrators, guardians, and
trustees, may signify such dissent in respect of such shares of any
of the 3/. 10s. per Centum Annuities, for the holding of which
their names are made use of respectively; and all executors, ad-
ministrators, guardians, and trustees, not signifying such dissent,
shall be deemed to have assented as aforesaid, and shall be in-
demnified in respect thereof
8. Resolved-That all and every person and persons, bodies
I politic and corporate, who now is or are or hereafter may be in..
terested in or entitled unto any part of the National Debt redeem.
able by law, which now carries an interest after the rate of
31. 10s. per centum per annum, and is usually. known by the
name of " 3/. 10s. per Centum Annuities 1818," the Divi-
dends of which are payable at the Bank of England on the sth
day of April and 10th day of October in each year, and who shall
not signify his, her, or their assent to accept 31. 55. per
Centum Annuities, and New 3!. per Centum. Annuities, upon the
terms, and in the manner hereinafter mentioned, shall on the 10th
day of October, 1844, receive the sum of 1001. for every 1001. of
such 31. 10s. per Centum Annuities, 1818, which may be then
standing in his, her, or their name or names, and the said amount
of capital of such Annuities shall, from the said,loth day of Oc.
tober, 1844, be considered as cancelled and paid off, and no in-
terest shall from thenceforth accrue, or become payable thereon.
9. Resolved-That provision shall be made by this House for
paying off such proprietor or proprietors of the said 31. 10s. per
Centum Annuities, 1818, as shall not signify his, her, or their
assent to accept and receive a share in 3/.55. per Centum Annuities
and New 31. per Centum Annuities in lieu thereof.
10. Resolved-That all and every person or persons, bodies
politic or corporate, who shall hold or be possessed of any such
31. 10s. perCentum Annuities, 1818, and who shall, on or before
Saturday, the 20th day of April, signify in the manner hereafter
directed, his, her, or their assent to accept and receive 3/. 5,. per
Centum Annuities, in lieu of his, her, or their respective share or
shares in the said 31. 10s. per Centum Annuities, 1818, shall, for
every 1001. of such 31. 10s. per Centum Annuities, 1818, receive
100!. in a New Stock to be called "31. ss. per Centum Annuities,"
which said Annuities shall continue to be paid at the rate of 31. Sr.
per centum per annum, until the 10th day of October, 1854, and
from and after that date the said Annuities shall carry interest at
the rate of 3!. per centum per annum, and shall be called ". New
31. per Centum Annuities," which said last-mentioned Annuities
shall not be subject to reduction until from and after the 10th day
of October, 1874 ; arid the said 31. ss. per Centum Annuities,
and the New 3/. per Centum Annuities, respectively, shall be free
from all taxes, charges, and impositions, in the like manner as
the said 31. 10s. per Centum Annuities 1818; and the Dividends
or Interest of the said 3/. 58. per Centum Annuities, and New 31.
per Cent= Annuities, shall be paid and payable at the Bank of
England, or at the Bank of Ireland, on the sth day of April and
10th day of October in each and every year; and the first half.
yearly Dividend on the said 31. 51. per Centum Annuities shall
be payable on the sth day of April, 1645.
11. Resolved-That all and every person or persons, bodies
politic or corporate, possessed of any part of the 3/. -10 s. per
Cont... A i-irmitico le eo, ....a wno snan desire to signify his, her,
or their assent to receive thesaid 3/. ss. per Centum Annuities and
New 31. per Centum Annuities, in lieu thereof, shall, on or be-
fore the 20th day of April, 1844, but within the usual hours of
transacting business at the Bank of England, by themselves or
some agent or agents for that purpose duly authorised, signify to
the Governor and Company of the Bank of England 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
31. los. per Cent= Annuities 1818, and which said assent shall
be entered in a book or books to be opened and kept by the said
Governor and Company 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 An-
nuities so transferred shall be entered in the said book or books
of the said Governor and Company separately from the said 3/. 10s.
per Centum Annuities 1818, in respect of which no such assent
shall be signified, and every such person or persons so assenting,
or his, her, or their assigns, or the executors or administrators of
such assigns, under any such transfer. shall, hom the 10th day of
October, 1844, be entitled to 100!. of such 31: bs. per Centum An-
nuitiei and New 31. per Centum Annuities, in lieu of every 1001.
of their said 3/. 10s. per Centum Annuities 1818, Capital Stock
Provided always, that if any person or persons holding any such
31. 105. per Centum Annuities 1816, shall not be within the limits
of the United Kingdom at any time between the lI th and 23d
days of March, 1844, both inclusive, but shall be 'in any other
part of Europe, it shall be lawful for such person or persons to
signify such assent at any time before the Ist day of July, 1844 ;
and if any such person or persons shall not at any time between,.
the 11th day of March, 1844, and the Ist day .of July, 1844, be
within any part of Europe, it shall be lawful for him, her, or thems,
to signify such assent at any time beArre the Ist day of February.
1845, such person or persons proving to the satisfaction of th•
Governor or Deputy-Governor et the Bank of England, 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 3/. 10s. per Centum Annuities, 1818, 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,
in the books of the Governor and Company of the Bank of Eng.
land, on the 23d day of March, 1844: Provided also, that suck,
person or persons so absent from the United Kingdom, or out or.'
Europe, shall signify such Iris, her, or their assent, within tens
days after his, her, or their return to the United Kingdoms.
12. Resolved-That the Interest and Dividends payable in
respect of the said 31, ss. per Centum Annuities and New 3/. per
Centum Annuities shall be charged and chargeable upon, and
shall be issued and paid out of, the Consolidated Fund of the
United
andK theindg
10th
Greatomofdayof
oßctortir Britain and
edvlerre y Ireland,
,ren the bth day of
April
13. Resolved That -every proprietor or proprietors of the said
311818, shall receive the Dividends
of the iOa. perd said Annuitiestirereon on the 10th day of October„
sCentum
Annuitiesdue
1844, and no longer.
IC Resolved-That it shall be lawfbl for the Accountant_
General of the Courts of Chancery in England and Ireland res.
pectively, and also for the Accountant-General of the Court of
Exchequer in Ireland, and for the Accountant in Bankruptcy
in England, at any time before the. Bth:day of Jul' 1844..t0
• signify to the Governor and Company of the Bank of England,
oh behalf of any suitor or suitors, or others interested Tin
any such 31. 10s. per Centum Annuities 1618, standing in the
names of such Accountants-General and Accountant respectivel