Hundred Thousand Pounds and shall from time to time be issued and paid as the same shall come into the said Receipt of Exchequer to the Uses and Advantages of such Subscribers and Contributors their Heirs Successors or Assigns as should Subscribe and Contribute for and towards the raising and paying into the said Receipt of Exchequer the said Sum of Twelve Hundred Thousand Pounds And that it should and might be lawful for Us by Letters Patents under the Great Seal of England to limit direct and appoint how and in what manner and proportions and under what Rules and Directions the said Sum of Twelve Hundred Thousand Pounds part of the said Sum of Fifteen Hundred Thousand Pounds and the said yearly Sum of One Hundred Thousand Pounds part of the said yearly Sum of One Hundred and Forty Thousand Pounds and every or any Part or Proportion thereof may be Assignable or Transferrable Assigned or Transferred to such Person or Persons only as shall freely and voluntarily accept of the same and not otherwise And to Incorporate all and every such Subscribers and Contributors their Heirs Successors or Assignees to be one Body Corporate and Politick by the Name of The Governor and Company of the Bank of England to have perpetual Succession and with such Priviledges and Powers and to be under such Rules as are therein mentioned subject nevertheless to a certain Proviso or Condition of Redemption in the said Act contained And it is thereby further Enacted That in Case the said whole Sum of Twelve Hundred Thousands shall not be advanced and paid into the Receipt of the Exchequer before the first day of January which shall be in the year of Our Lord One Thousand Six Hundred Ninety and Four that then the Subscribers and Contributors for and towards the Raising and Paying of the said Sum of Twelve Hundred Thousands Pounds part of the said Sum of Fifteen Hundred Thousand Pounds their Heirs Successors and Assignees shall only have and receive so much and such part and proportion to the said Sum and Sums so respectively paid and advanced as shall be after the rate of eight Pounds per Cent. per Annum And for the better and more speedy payment of the said yearly Sum of One Hundred Thousand Pounds the Commissioners of Our Treasury and the Under-Treasurer of the Exchequer now being and the High-Treasurer and Under-Treasurer or Commissioners of the Treasury for the time being are thereby strictly Enjoyned and Required by Virtue of the said Act and without any further or other Warrant to be Sued for had or obtained from Us Our Heirs or Successors to direct their Warrants yearly for the payment of the said yearly Sum of One hundred thousand Pounds to the Contributors of the said Sum of Twelve hundred thousand Pounds in such Manner and Proportions as are therein Directed and Appointed And the Auditor of the Receipt of Our Exchequer and all other Officers of the Exchequer now and for the time being are thereby Directed and Enjoyned to issue the said Moneys so set a-part for the Uses afore-mentioned from time to time without any Fee or Reward and under such Penalties as are by the said Act to be inflicted And in the said Act is contained a Proviso That in case the whole Sum of Twelve hundred thousand Pounds or a Moity thereof should not be Subscribed on or before the First day of August One thousand six hundred ninety four aforesaid that then the Powers and Authorities in the said Act for Erecting a Corporation as aforesaid should cease and determine And it is further Enacted That any Moneys payable to any Person or Persons upon or by Virtue of the said Act shall not be Charged or Chargeable with any Rates Duties or Impositions whatsoever as in and by the said Act of Parliament amongst divers other Matters and Things therein contained relation being thereunto had may more fully appear And whereas in pursuance of the said Act Recital of the Commission We did by Our Commission or Letters Patents under the Great Seal of England bearing Date at Westminster the Fifteenth day of June now last past Nominate Constitute Authorize and Appoint Sir William Ashurst Knight Mayor of our City of London Sir John Cope Sir Thomas Littleton Sir John Shaw Sir Walter Young Sir Josiah Child Names of Commissioners Sir John Morden Sir William Cooper Sir John Huband Sir Francis Lawly Baronets Sir Robert Cotton of Cambridgeshire Knight Sir Robert Clayton Sir Patience Ward Sir James Houblon Sir John Houblon Sir Edward Clearke Sir Richard Levett Sir William Gore Sir William Hedges Sir Thomas Abney Aldermen of our City of London Sir Charles Caesar Sir Edward Abney Sir Benjamin Newland Sir John Werden Sir John Bucknall Sir Peter Vandeput Sir William Cranmer Sir Henry Furnes Sir Isaac Rebow Sir William Scawen Sir John Buckworth Sir John Eyles Sir John Chardin Knights Mordecai Abbot George Pitt Thomas Pitt Master in Chancery William Dorington Brooke Bridges Robert Bristow Charles Fox Thomas Felton James Chadwick Dr. George Oxenden Charles Williams Henry Cornish Edward Clark Colonel Henry Cornwall William Gulston Charles Godolphin Esquires John Germain Charles Godfrey Thomas Howard Thomas Hall Nathaniel Herne Robert Henly John Jefferies John Knight Richard Hutchinson Charles Duncombe Joseph Haskyn Styles Francis Scobell John Morrice Thomas Mawle Thomas Papillon Phillip Papillon Francis Parry William Palmes Esquires Nathaniel Tench Francis Tyssen Samuel Travers Thomas Western Senior Samuel Westerne Thomas Westerne Junior Robert Atwood Peter Ducane William Desboverie John Duboise Peter Delmee William Disher James Dufay Francis Eyles Barrington Eaton James Bateman William Bridges Linnen-Draper Samuel Bulteele Charles Ball Esquires Bartholomew Burton Gent. Bartholomew Beale George Bodington Peter Burrell John Bellamy Scrivener David Becceler William Fawkner James Fowlis Samuel Foot Junior Bartholomew Fillingham John Carter Gerrard Conyers Richard Carey John Cooke Linnen-Draper Charles Chamberlaine William Coward Francis Gosfright Thomas Goddard Michael Godfrey Peter Godfrey Francis Gell Lewis Gervaice Thomas Guy Peter Houblon Junior Abraham Houblon Gilbert Heathcot Samuel Heathcot Edmund Harrison Matthew Humberston Dr. Thomas Hobbs Daniel Hayes Edward Haistwell Thomas Hancock Robert Raworth Samuel Rawsterne George Richards Hillary Renew Benjamin Rookeby Matthew Raper Theodore Jansen Walter Kent William Knight John Kendrick John Lordell Robert Lyddall Samuel Lock John Lloyd William Lowndes Timothy Lannoy James La Bretoniere Thomas Scawen Obediah Sedgwick Samuel Sheppard John Smith Silkman Robert Mitchel John Nicholson Foot Onslow Samuel Ongley William Paterson Peter Paggen Arthur Shallet Stephen Seignoret John Sherbrook Humphry Sympson Henry Spencer John Smith in Beauford-Buildings Maximilian Western Joseph Tyley Francis Tierens Henry Tate Jasper Vandebush Gerrard Vanhuitsen John Ward John Woolfe Robert Whittingham Richard Mulys Robert Yate John Ellis Thomas Edwards James Vernon William Ash Edward Herris Hugh Squire Edward Littleton Richard Cheyney John Holland William Sedgwick William Jarret John Shipman and Constantine Vernatty Esquires to be Our Commissioners to Take and Receive
all such Voluntary Subscriptions as should be made on or before the said First day of August in the Year of Our Lord One thousand six hundred ninety four by any Person or Persons Natives or Foreigners or by or for any Body Politick or Corporate for or towards the raising and paying the said Sum of Twelve hundred thousand Pounds part of the said Sum of Fifteen hundred thousand Pounds in the said Act mentioned with Power and Direction to them or such or so many of them as are thereby Authorized and Appointed to take such Subscriptions and to do and perform such Matters and Things in Relation thereunto as are thereby Enjoyned And We did in and by the same Promise and Declare That in Case the whole Sum of Twelve hundred thousand Pounds or the Moiety or any greater part thereof should be Subscribed on the said Act or in pursuance of the said Commission on or before the said First day of August then next ensuing that then We Our Heirs or Successors should and would immediately after the said First day of August or so soon as Twelve hundred thousand Pounds should be Subscribed as aforesaid which of them should first happen Grant and Make forth Our Royal Charter or Letters Patents under the Great Seal of England and thereby Incorporate all and every such Subscribers and Contributors who should be then living and who should not have Assigned their Interest in their said Subscriptions And in Case any of them should be Dead the Heirs of such Subscribers And in Case any of the said Subscribers should have Assigned their Interest in their said Subscriptions in all such Cases the Assignees of such Subscribers to be one Body Corporate and Politique by the Name of The Governor and Company of the Bank of England with such Powers Capacities Priviledges Benefits Liberties and Advantages and under and subject to such Rules Restrictions Power of Redemption Provisoes Limitations and Clauses as are therein mentioned or referred unto And We did thereby for Us Our Heirs and Successors Declare Limit Direct and Appoint That the whole Sum or Amount of all and every the Sum and Sums of Money as should be Subscribed and Paid as aforesaid should be and be Called Accepted Esteemed Reputed and Taken a Common Capital and Principal Stock And all and every Person and Persons his her and their Heirs Successors and Assigns according and in proportion to the Sum or Sums of Money by him her or them respectively Subscribed and Paid thereunto should have and be deemed to have an Interest or Share in the said Principal Stock and of and in the Yearly Fund granted by the said Act of Parliament as aforesaid And that such Interest or Share or any part thereof should be Assignable and Transferrable and should and might be Assigned and Transferred by any Person or Persons Intituled thereunto to any other Person or Persons and so over as fully and effectually as any other Interest whatsoever is by Law Assignable so as such Assignments or Transferrances should be made in Writing and be Entred or Registred in such manner as is hereafter mentioned That to say all Assignments or Transferrances which should be made on or before the said First day of August next ensuing or the full and compleat Subscribing of the said 1200000 l. which should first happen and before the granting of these Presents were thereby directed to be Entred or Registred in the Office of the Auditor of the Receipt of Our Exchequer within 6 days after the making of the said respective Assignments And all Assignments or Transferrances which should be made after the Granting of this Our Charter of Incorporation should be Made Entred and Registred in such Form as should be prescribed in these Presents And in the said Commission are contained several other Powers Directions Agreements Clauses Matters and Things as in and by the same relation being thereunto had more fully and at large appears Recital of the Duplicates transmitted into the Auditors Office And whereas it appears by Duplicates transmitted into the Office of the Auditor of the Receipt of Our Exchequer under the Hands and Seals of Five or more of Our said Commissioners being a competent and sufficient number for that purpose and made in pursuance of Our Directions in the said Commission contained that several Sums amounting in the whole to the Sum of _____ have been Subscribed and the first Fourth part thereof paid to Our said Commissioners or some of them pursuant to the said Act of Parliament on or before the _____ day _____ last past by _____ Recital of the Assignments And whereas it also appears by the Entries of several Assignments made and entred in the said Office of the Auditor of the Receipt of Our Exchequer pursuant to the Directions contained in Our said Commission That _____ Are by mean Assignment or Assignments severally and respectively Intituled to the Benefits of the Subscriptions which were severally made by the said _____ Incorporating Clause Now know ye That We being desirous to promote the Publick Good and Benefit of Our People which in these Presents are chiefly designed and intended as well as the Profit and Advantage of all such as have Subscribed and Contributed according to the said Act of Parliament and Our said Commission thereupon issued their Heirs Successors and Assigns respectively and in pursuance as well of the Powers and Clauses for this purpose contained in the said Act of Parliament as of Our Gracious Promise and Declaration made in or by Our said Commission or Letters Patents under the Great Seal of England whereby the Subscriptions and Contributions on the said Act have been promoted or encouraged And by Vertue of Our Prerogative Royal and likewise of Our Especial Grace Certain Knowledge and Meer Motion have Given Granted Made Ordained Constituted Declared Appointed and Established and by these Presents for Us Our Heirs and Successors do Give Grant Make Ordain Constitute Declare Appoint and Establish That the said _____ And all and every other Person and Persons Natives and Foreigners Bodies Politick or Corporate who over and above the Persons before especially Named have at any time or times before the making of these Presents Subscribed and Contributed any Sum or Sums of Money towards the said Sum of _____ pursuant to the said Act and Our said Commission and have paid the Fourth Part thereof upon their said Subscriptions and who are now Living or Existent and have not Assigned their Interest in the said Subscriptions And all and every the Heirs and Successors of any of the said Original Subscribers who are now Dead and have not in their Life-times Assigned their Interests in the said Subscriptions and the Heirs and Successors of such of the said Assignees who are now Dead and did not in their Life-times Assign or Depart with their Interest in the said Stock and Annual Fund and all and every Person and Persons Natives or Foreigners Bodies Politick and Corporate who
either as Original Subscribers of the said Sum of _____ and not having parted with their Interests in their Subscriptions or as Heirs Successors or Assigns or by any other lawful Title derived or to be derived from by or under the said Original Subscribers of the said Sum of _____ or any of them now have or at any time or times hereafter shall have or be Intitled to any Part Share or Interest of or in the Principal or Capital Stock of the said Corporation or the said Yearly Fund of One Hundred Thousand Pounds granted by the said Act of Parliament or any Part thereof so long as they respectively shall have any such Part Share or Interest therein shall be and be called one Body Politick and Corporate of themselves in Deed and in Name by the Name of The Governor and Company of the Bank of England and Them by that Name one Body Politick and Corporate in Deed and in Name We do for Us Our Heirs and Successors Make Create Erect Establish and Confirm for ever by these Presents and by the same Name They and their Successors shall have perpetual Succession and shall and may have and use a Common Seal May have a Common Seal for the Use Business or Affairs of the said Body Politick and Corporate and their Successors with Power to Break Alter and to Make anew their Seal from time to time at their Pleasure and as they shall see Cause And by the same Name May Purchase and Hold. they and their Successors in all times coming shall be Able and Capable in Law to Have Take Purchase Receive Hold Keep Possess Enjoy and Retain to them and their Successors any Mannors Messuages Lands Rents Tenements Liberties Priviledges Franchises Hereditaments and Possessions whatsoever and of what Kind Nature or Quality soever and moreover to Purchase and acquire all Goods and Chattels whatsoever wherein they are not restrained by the said Act. And also to Sell Grant Demise Alien or Dispose of the same Mannors Messuages Lands Rents Tenements Priviledges Franchises Hereditaments Possessions Goods and Chattels Sue and be Sued or any of them And by the same Name they and their Successors shall and may Sue and Implead and be Sued and Impleaded Answer and Defend and be Answered and Defended in Courts of Record or any other Place whatsoever and before whatsoever Judges Justices Officers and Ministers of Us Our Heirs and Successors and in all and singular Pleas Actions Suits Causes and Demands whatsoever of what Kind Nature or Sort soever and in as large ample and beneficial Manner and Form as any other Body Politick and Corporate or any other the Liege People of England or other Our Dominions being Persons Able and Capable in Law may or can Have Take Purchase Receive Hold Keep Possess Enjoy Sell Grant Demise Alien Dispose Sue Implead Defend or Answer or be Sued Impleaded Defended or Answered in any manner of wise and shall and may do and Execute all and singular other Matters and Things by the Name aforesaid that to them shall or may appertain to do by Vertue of the said Act or otherwise Subject to Redemption Subject nevertheless to the Proviso and Condition of Redemption in the said Act mentioned And to all and every other Clauses Provisoes and Conditions in the said Act contained Subscribers and Assigns shall be Members of the Incorporation And we do hereby declare that all Persons having any Interest or Part in the Capital Stock or Fund of the said Corporation either as Original Subscribers or by Assignments or as Heirs or otherwise shall be and be esteemed Members of the said Corporation and shall be admitted into the same without any Fee or Charge whatsoever Subscription Money called Stock And We do hereby for Us Our Heirs and Successors declare limit direct and appoint that the aforesaid Sum of _____ so subscribed as aforesaid shall be and be called accepted esteemed reputed and taken The Common Capital and Principal Stock of the Corporation hereby Constituted Subscribers to be interested in the Stock and Fund And all and every Person and Persons his her and their Heirs Successors and Assigns according and in proportion to the Sum or Sums of Money by him her or them respectively subscribed as aforesaid shall have and be deemed to have an Interest or Share in the said Principal Stock and of and in the Yearly Fund of One Hundred Thousand Pounds granted by the said Act of Parliament Directions to the Treasury And We do hereby for Us Our Heirs and Sucessors authorise enjoyn and require the Commissioners of Our Treasury and Under Treasurer of Our Exchequer now being and the High Treasurer Commissioners of the Treasury and Under Treasurer of Us Our Heirs and Successors for the time being without any further or other Warrant to be had or obtained from Us Our Heirs or Successors to direct their Warrants and Orders according to the said Act for the Payment of the yearly Sum of _____ by and out of the Five Seventh Parts the whole into seven equal Parts to be divided of the Moneys arising by the Rates and Duties granted by the said Act and thereby appointed to be kept apart for the Payment of the said Yearly Fund of One Hundred Thousand Pounds to the said Governor and Company of the Bank of England and their Successors for ever under and subject nevertheless to the Payment of the Issues Fines Amerciaments and Debts upon Judgments against the said Corporation according to the Purport of the said Act. The first Year to be reckoned to begin from the first day of June in the Year of Our Lord Christ One Thousand Six Hundred Ninety and Four And We do hereby direct and enjoyn the Commissioners of Our Treasury and the Treasurer Commissioners of the Treasury and Under Treasurer of the Exchequer and the Auditor of the Receipt of Our Exchequer and all other the Officers of the Exchequer of Us Our Heirs and Successors now and for the time being from time to time to Issue and Pay the said Five Seventh Parts of the Moneys arising by the Duties granted by the said Act or so much thereof as shall be sufficient for this purpose to the said Governor and Company of the Bank of England and their Successors by Weekly Payments or otherwise as the same or any Part thereof shall from time to time come into the Receipt of the Exchequer for and towards Satisfaction of the said Yearly Sum of And in case five Seventh Parts of the Weekly Payments in the said Act mentioned and intended to be the Yearly Fund for the Recompence of the said Subscribers shall not amount unto so much as the yearly Sum of _____ which is the Annual Fund thereby established for the said Corporation to Receive Then We do hereby for Us Our Heirs and Successors Grant and Agree to and with the said Governor and Company and their Successors that Five Seventh Parts of the said
Governor Deputy-Governor Directors shall Act and the Power given to them And for the better Ordering and Managing the Affairs of the said Corporation We do by these Presents for Us Our Heirs and Successors Grant unto the said Governor and Company of the Bank of England and their Successors And we do by these Presents Will Authorize and Appoint That the said Governor Deputy-Governor and Directors for the time being or any Thirteen or more of them of which the Governor or Deputy-Governor to be always one shall and may from time to time and at all convenient times assemble and meet together at any convenient Place or Places for the Direction and Management of the affairs and business of the said Corporation and then and there to hold Courts of Directors for the purposes aforesaid and Summon General Courts to meet as often as they shall see cause And that the said Governor Deputy-Governor and Directors or the Major part of them so assembled whereof the Governor or Deputy-Governor is to be always one shall and may Act according to such By-Laws Constitutions Orders Rules or Directions as shall from time to time be made and given unto them by the General Court of the said Corporation And in all Cases where such By-Laws Constitutions Orders Rules or Directions by or from the General Court shall be wanting the said Governor Deputy-Governor and Directors or the Major part of them so Assembled whereof the Governor or Deputy-Governor is to be always one shall and may direct and manage all the Affairs and Business of the said Corporation in the borrowing or receiving of Moneys and giving Security for the same under the Common Seal of the said Corporation And in their dealing in Bills of Exchange or the buying or selling of Bullion Gold or Silver or in selling any Goods Wares or Merchandizes whatsoever which shall really and Bona Fide be left or deposited with the said Corporation for Money Lent and Advanced thereon and which shall not be redeemed at the time agreed or within three Months after and in selling such Goods as shall or may be the produce of Lands purchas'd by the said Corporation or in the lending or advancing any of the Moneys of the said Corporation and taking Pawns or other Securities for the same And to choose and appoint the Agents or Servants which shall from time to time be necessary to be employed in the Affairs or business of the said Corporation and to allow and pay reasonable Salleries and Allowances to the said Agents and Servants respectively and them or any of them from time to time to remove or displace as they shall see Cause And Generally to act and do in all matters and things whatsoever which by the said recited Act of Parliament shall or may be done and in all matters and things whatsoever which they shall Judge necessary for the well ordering and managing of the said Corporation and the Affairs thereof and to do enjoy perform and execute all the Powers Authorities Privileges Acts and things in relation to the said Corporation as fully to all intents and purposes as if the same were done by the Governor and Company of the Bank of England or by a General Court of the same Subject nevertheless to such Restrictions Limitations Rules or Appointments as are contained in the said recited Act of Parliament for or concerning the Trade Business or Affairs of the said Corporation or otherwise relating thereunto Power to General Courts to make By-Laws And We do hereby for Us Our Heirs and Successors give full Power to all and every the said Members qualified for Electors as aforesaid in their General Courts or Assemblies aforesaid by Majority of their Votes as aforesaid to make and Constitute such By-Laws and Ordinances for and relating to the Affairs and Government of the said Corporation and the Imposing Mulcts and Amerciaments upon Offenders against the same as to them shall seem meet so that such By-Laws be not Repugnant to the Laws of this Our Kingdom and be Confirmed and Approved according to the Statutes in such case made and provided Mulcts and Amercements shall be to the use of the Company All which Mults and Amerciaments shall and may be received and recovered to the only Use and Behoof of the said Governor and Company of the Bank of England and their Successors without any Account or other Matter or thing to be therefore rendred to Us Our Heirs or Successors General Courts to allow Salleries to the Governor Deputy Governors and Directors And also to allow such Sallaries or Allowances to the said Governor Deputy-Governor and Directors as to them shall seem meet And we do hereby for Us Our Heirs and Successors Ordain and Appoint That the first General Court for the said Corporation shall be held within the space of Twenty eight days next after the Date of these Presents Day of first General Court Directions for Assignment of the Stock and Fund Provided always and for the ascertaining and limiting how and in what manner and under what Rules the said Capital Stock and yearly Fund of 100000 l. shall and may be Assignable and Assigned transferable and transfered by such Person and Persons as shall from time to time have any Interest or share in the same We do hereby direct and appoint that there shall be constantly kept in the publick Office of the said Governor and Company of the Bank of England a Register or Book or Books wherein all Assignments and Transferrs shall be Entred And We do hereby for Us Our Heirs and Successors pursuant and according to the Power given unto Us by the said Act of Parliament Order Limit Direct and Appoint that the method and manner of making all Assignments and Transfers of the said Capital Stock and yearly Fund or any part thereof shall be by an Entry in the said Book or Books Signed by the party so Assigning or Transfering in the Words Form of Transfer or to the effect following viz. Memorandum That I. A. B. this _____ day of _____ in the year of Our Lord _____ do Assign and Transferr _____ of my Interest or Share in the Capital Stock and Fund of the Governor and Company of the Bank of England and all Benefit arising thereby unto _____ his Heirs Executors and Assigns Witness my Hand _____ Or in case the Person Assigning be not personally present then by an Entry in the said Book or Books Signed by some Person thereunto lawfully Authorized By Letter of Attorney by Letter of Attorney or Writing under Hand and Seal attested by Two or more Witnesses in the Words or to the eflect following viz. Memorandum That I A. B. this _____ day of _____ in the year of our Lord _____ and _____ by virtue of a Letter of Attorney Form of Transfer by Letter of Attorney or Authority under the Hand and Seal of _____ Dated the _____ day of _____ in the said year _____ do in the
The Schedule containing the Draught of the Charter mentioned in the Commission to which it is Annexed and whereunto the same hath Reference WILLIAM and MARY By the Grace of GOD of England Scotland France and Ireland King and Queen Defenders of the Faith c. To all to whom these Presents shall come Greeting Whereas in Recital of the Act. and by a certain Act lately made in Parliament Entituled An Act for Granting to Their Majesties several Rates and Duties upon Tunnage of Ships and Vessels and upon Beer Ale and other Liquors for securing certain Recompences and Advantages in the said Act mentioned to such Persons as shall voluntarily Advance the Sum of Fifteen Hundred Thousand Pounds towards carrying on the War against France It is amongst other Things Enacted That for and during the Term of Four Years Commencing from the first day of June in the year of Our Lord One Thousand Six Hundred Ninety and Four there should be throughout the Kingdom of England Dominion of Wales and Town of Berwick upon Tweed Raised Levied Collected and paid for and upon the Tonnage of all Ships and Vessels wherein at any time or times and for every time during the said Term of Four Years there should be Imported any Goods or Merchandizes into this Kingdom of England Dominion of Wales or Town of Berwick upon Tweed from any Parts Places or Countries in the said Act mention'd or wherein during the said Term there should be carried Coastwise from any Port Member or Creek in the Kingdom of England Dominion of Wales or Town of Berwick upon Tweed unto any other Port Creek or Member within the same Kingdom Dominion Port or Town the several and respective Rates Impositions Duties and Sums of Money in the said Act mentioned And that from and after the Seventeenth day of May which shall be in the Year of Our Lord One Thousand Six Hundred Ninety and Seven there shall be throughout the said Kingdom of England Dominion of Wales and Town of Berwick upon Tweed Raised Levied Collected and Paid unto Us Our Heirs and Successors for Beer Ale Syder and other Liquors certain Additional Rates or Duties of Excise in the said Act particularly Expressed And that Weekly to wit on Wednesday in every Week if it be not an Holiday and if it be then the next day after that is not an Holiday All and every the Monies arising by the Rates and Duties by the said Act Granted should be paid into the Receipt of the Exchequer under certain Penalties therein mentioned And that yearly and every year reckoning the first year to begin from the First day of June in the year of Our Lord One Thousand Six Hundred Ninety Four the full Sum of One Hundred and Forty Thousand Pounds by or out of the Monies to arise by the said several Duties upon the Tunnage of Ships and Vessels and by the said Rates and Duties of Excise or any of them and to be brought into the Receipt of the Exchequer by Weekly Payments as aforesaid in case the said Weekly Payments shall extend thereunto should be the whole and entire yearly Fund And in case the said Weekly Payments should not amount to One Hundred and Forty Thousand Pounds per Annum then the said Weekly Monies or Payments so far as the same will extend should be part of the yearly Fund for and towards the Answering and Paying of the several Annuities and other Purposes in the said Act expressed And in Case the said Duties upon the Tunnage of Ships and Vessels and the said Rates and Duties of Excise or any of them should at any time or times appear to be so deficient or low in the produce of the same as that within any one year to be reckoned as aforesaid the Weekly Payments upon the said Rates or Duties or any of them shall not amount to so much as One Hundred and Forty Thousands Pounds or to so much as shall be sufficient to Discharge and Satisfie the said several and respective Annuities and other Benefits or Advantages by the said Act intended or appointed to be paid within or for the same year respectively That then and so often and in every such Case the Commissioners of Our Treasury and the Under-Treasurer of the Exchequer now being and the Treasurer and Under-Treasurer of the Exchequer or Commissioners of the Treasury for the time being are thereby strictly Injoyned and Required by Virtue of the said Act and without any further or other Warrant to be Sued for had or obtained from Us Our Heirs or Successors in this behalf to cause every such Deficiency to be made good by applying issuing or paying so much of any Treasure or Revenue belonging or to belong unto Us Our Heirs or Successors not being Appropriated to any particular Use or Uses by any Act or Acts of Parliament towards the Discharging or Paying of the said Annuities or other Benefits or Advantages appointed to be paid by the said Act as together with the Moneys which shall have been brought into the said Receipt of or for the said several Rates or Duties shall be sufficient to pay off and Discharge and shall compleatly pay off and Discharge all the Moneys which within the same year respectively shall be grown due or ought to be paid upon the said Annuities or other Benefits or Advantages according to the true intent and meaning of the said Act And it is thereby further Enacted That it should and might be Lawful to and for Us by Commission under the Great Seal of England to Authorize and Appoint any number of Persons to Take and Receive all such voluntary Subscriptions as should be made on or before the First day of August in the year of Our Lord One Thousand Six Hundred Ninety Four by any Person or Persons Natives or Foreigners Bodies Politick or Corporate for and towards the Raising and Paying into the Receipt of the Exchequer the Sum of Twelve Hundred Thousand Pounds part of the Sum of Fifteen Hundred Thousand Pounds in the said Act mentioned And that the yearly Sum of One Hundred Thousand Pounds part of the said yearly Sum of One Hundred and Forty Thousand Pounds arising by and out of the Duties and Impositions aforementioned should be applied issued and directed and is thereby appropriated to the Use and Advantage of such Person and Persons Bodies Politick and Corporate as should make such voluntary Subscriptions and Payments their Heirs Successors or Assigns And that each Weekly or other Payment arising by and out of the said Duties and Impositions should by the Auditor of the Receipt of Exchequer from time to time as the same shall be paid in be separated and divided into five seventh parts and two seventh parts And that the said five seventh parts of the said several Payments arising by and out of the Duties and Impositions aforesaid and so set apart shall be Appropriated for and towards the Payment and Satisfaction of the said yearly Sum of One
prescribed to be taken by the respective Members having each Five Hundred Pounds or more as aforesaid before the said Governor or Deputy-Governors solemnly Promise and Declare as in the presence of God in Words or to the same effect Mutatis Mutandis with the said Oath last herein prescribed to be taken by the Members of the said Corporation having Five Hundred Pounds or more Interest or Share in the Capital Stock of the said Corporation and shall severally Subscribe the same together with the Declaration appointed for such Dissenters as scruple to take Oaths by another Act made in the first year of our Reign Intituled An Act for Exempting Their Majesties Protestant Subjects Dissenting from the Church of England from the Penalties of certain Laws which Declarations and Subscriptions the said Governor and Deputy Governor for the time being or either of them are hereby Impowered and Required to take and Administer Power to Administer Oaths to Officers And furthermore Our Will and Pleasure is and We do hereby for Us Our Heirs and Successors Ordain and Appoint That the said Court of Directors shall have Power and Authority to Administer an Oath to all the Inferiour Agents or Servants that shall be employed in the Service of the said Corporation for the Faithful and due Execution of their several Places and Trusts in them Reposed in the Words Oath to Officers or to the effect following that is to say J. A. B. being Elected into the Office or place of Treasurer to the Governor and Company of the Bank of England do Swear that I will be True and Faithful to the said Governor and Company and will faithfully and truely Execute and Discharge the said Office or place of Treasurer to the utmost of my Skill and Power so help me God And the like Oath to the other Agents and Servants Mutatis Mutandis Neglect or Refusal of Oaths And in case any Person hereby Nominated or hereafter to be Elected Governor Deputy-Governor or Director as aforesaid shall for the space of Ten days after such Nomination or Election neglect or refuse to take the respective Oaths hereby appointed to be taken as aforesaid or shall refuse or neglect to take upon him his or their Offices that then and in every such Case the Office and Place of every such Person so neglecting or refusing shall become vacant and others be chosen in their Places by a General Court of the said Corporation Dividends how made And We do hereby further Will and Appoint That no Dividend shall at any time be made by the said Governor and Company save only out of the Interest Profit or Produce arising by or our of the said Capital Stock or Fond or by such Dealing Buying or Selling as is allowed by the said Act of Parliament until Redemption by Parliament of the said yearly Fund of One Hundred Thousand Pounds And that no Dividend whatsoever shall at any time be made without the Consent of the Members of the said Corporation in a General Court qualified to Vote as aforesaid Four General Courts every year And We do hereby Will and Appoint that the said Governor or in his Absence the Deputy Governor for the time being shall from time to time and are hereby Required upon such notice to be given as aforesaid to Summon and Appoint Four General Courts at least in every year whereof one to be in the month of September another in the Month of December another in the Month of April and another in the Month of July And we do further Will and Appoint that if at any time or times there shall be a failure of holding a General Court in any of the said Months by the default of the Governor and Deputy-Governor or either of them that then and so often and in every such case any three or more of the Directors of the said Corporation shall and may Summon and call a General Court which shall meet and be holden in the Month next coming after the Month in which the same should have been holden upon the Summons of the Governor or Deputy-Governor as aforesaid And moreover We do by these Presents Will Direct and Appoint that the said Governor or in his absence the Deputy-Governor for the time being shall from time to time upon Demand to be made by any Nine or more of the said Members having each of them Five hundred Pounds or more Interst or Share in the said Capital Stock within ten Days after such Demand Summon and call such General Courts to be held of the Members of the said Corporation qualified for Electors as aforesaid A General Court to be Summoned at any time on demand and in default of the Governor or Deputy-Governor to Summon and call such Court it shall and may be lawful to and for the said Nine or more Members having each Five hundred Pounds Stock as aforesaid upon ten Days notice in Writing to be fixed upon the Royal Exchange in London to Summon and hold a General Court and there to do and dispatch any business relating to the Government or Affairs of the said Corporation and to hear and debate any Complaint that shall be made against any Governor Deputy-Governor or Directors for mis-management of his or their respective Offices And if such Governor Deputy-Governor or Directors shall not clear him or themselves of such Complaint to the satisfaction of the Major part of the Members of the said Corporation Misdemeanor of Governor Deputy Governor or Directors in the said General Court assembled That then within ten Days another General Court shall be called and held as aforesaid of the Members of the said Corporation qualified to Vote as aforesaid Finally to determine the same by the Majority of their Votes as aforesaid who may remove or displace all or any the said Governor Deputy-Governor and Directors for such Misdemeanors or Abuse of their Offices and Elect and Chose others in his or their rooms in the same manner as the said Elections between the Five and Twentieth Day of March and the Five and Twentieth Day of April are herein before directed to be made In case of Death of Governor Deputy-Governor or Directors And in every case where any Governor Deputy-Governor or Directors shall happen to dye or be removed or his Office shall otherwise become void before the Expiration of the time for which he shall have been Elected the Major part of the Members of the said Corporation to be Assembled in a General Court and being qualified as aforesaid shall and may Elect and Choose any other Member or Members of the said Corporation qualified as aforesaid into the Office of such Governor Deputy-Governor or Director that shall so Die or be removed or whose Office shall so become void which Person so to be chosen shall continue in the said Office until the next Usual time hereby appointed for Election and until others shall be duly Chosen and Sworn How the