Government Annuities Act 1832

JurisdictionUK Non-devolved
Citation1832 c. 59
Anno Regni GULIELMI IV. Britanniarum Regis,Secundo. An Act to transfer the Management of certain Annuities on Lives from the Receipt of His Majesty's Exchequer to the Management of the Commissioners for the Reduction of the National Debt; and to amend an Act for enabling the said Commissioners to grant Life Annuities and Annuities for Terms of Years.

(2 & 3 Will. 4) C A P. LIX.

[4th July 1832]

'WHEREAS certain Annuities on Lives have been created at various Periods by sundry Acts of Parliament; (that is to say,) by an Act passed in the Eighteenth Year of the Reign of His Majesty KingGeorge the Second, intituled Great Britain,and for raising a certain Sum of Money by Annuities and a Lottery, in manner therein mentioned, to be charged on the said additional Duties; and also by an Act passed in the Nineteenth Year of His said Majesty, intituled ; also by an Act passed in the Thirtieth Year of the Reign of His said Majesty, intituled ; and also by an Act passed in the Fifth Year of the Reign of His Majesty KingGeorge the Third, intituled ; and also by an Act passed in the Eighteenth Year of the Reign of His said Majesty KingGeorge the Third intituled ; and also by an Act passed in the Nineteenth Year of the Reign of His said Majesty KingGeorge the Third, intituled ; and also by an Act passed in the Twenty-ninth Year of the Reign of His said Majesty KingGeorge the Third, intituled ; and also by an Act passed in the Thirtieth Year of the Reign of His said Majesty KingGeorge the Third, intituled ; which said several Annuities on Lives were by the said recited Acts placed under the Management and made payable at the Receipt of His Majesty's Exchequer: And whereas it is expedient that the said Annuities should be transferred to the Management of the Commissioners for the Reduction of the National Debt, and be regulated by one general Systemof Payment, in common with all other Life Annuities due to the Public Creditor; and it is therefore expedient to repeal so much of the said recited Acts as relate to the Management and Payment of the said Annuities at the Receipt of the said Exchequer:' Be it therefore enacted by the King's most Excellent Majesty, by and with the Advice and Consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the Authority of the same, That so much of the said recited Acts as relates to the Management, Assignment, and Payment of the said Annuities on Lives at the Receipt of His Majesty's Exchequer, shall be and the same is hereby repealed.

S-II Annuities created by recited Acts transferred to Management of Commissioners for Reduction of National Debt.

II Annuities created by recited Acts transferred to Management of Commissioners for Reduction of National Debt.

II. And be it enacted, That after the passing of this Act, or as soon after as the necessary Arrangements can be made, of which the said Commissioners shall give Notice in theLondon Gazette , the said several Annuities on Lives which were created by the said several recited Acts shall be placed under the Management of the Commissioners for the Reduction of the National Debt, and shall be payable and paid at the Bank of England, under the Regulations herein-after directed.

S-III Orders for Payment of Annuities remaining on 5th July 1832, to be delivered to Commissioners by Clerk of the Pells.

III Orders for Payment of Annuities remaining on 5th July 1832, to be delivered to Commissioners by Clerk of the Pells.

III. And be it enacted, That all Orders made out for the Payment of any Annuity.under the Provisions of the said first-recited Acts or either of them, which on the Fifth Day ofJuly One thousand eight hundred and thirty-two shall be remaining in the Office of the Clerk of the Pells of His Majesty's Receipt of Exchequer, shall be delivered over by him to the said Commissioners for the Reduction of the National Debt, or to the Comptroller General or Assistant Comptroller acting under the said Commissioners, upon his receiving Directions to that Effect from the Commissioners of His Majesty's Treasury; and all Dividends or Annuities created by any of the said first-recited Acts which shall have been directed by the Auditor of His Majesty's said Exchequer to be paid by the Tellers thereof, but which shall not have been paid by them on the said Fifth Day of July One thousand eight hundred and thirty-two, and which shall be then remaining in their Hands under the Denomination of Out Cash, shall be paid over by the said Tellersto the Governor and Company of the Bank ofEngland, upon their receiving Directions so to do from the Commissioners of His Majesty's said Treasury; and the Cashiers of the said Bank are hereby required to receive the same, and to carry such Monies to the Account of the said Commissioners for the Reduction of the National Debt.

S-IV Certain Parts of 30 G. 3. c. 45. and 10 G. 4. c. 24. repealed.

IV Certain Parts of 30 G. 3. c. 45. and 10 G. 4. c. 24. repealed.

IV. 'And whereas an Act was passed in the Tenth Year of the Reign of His late Majesty KingGeorge the Fourth, intituled An Act to enable the Commissioners for the Reduction of the National Debt to grant Life Annuities and Annuities for Terms of Years, which said Life Annuities were by the said Act made payable and transferable at the Bank of England : And whereas it is expedient to repeal certain Provisions of the said last-recited Act, and of the said recited Act of the Thirtieth Year of the Reign of His Majesty King George the Third, and to substitute other Provisions in lieu thereof;' be it therefore enacted, That so much of the said recited Act of the Thirtieth Year of the Reign of His Majesty King George the Third as relates to transmitting Lists by Commissioners of Treasury to Parishes for Returns certifying the Lives of Nominees, and of the said recited Act of the Tenth Year last aforesaid, as relates to granting Certificates of the Existence of Nominees, and to the making certain Affidavits and solemn Affirmations by Persons desirous of purchasing such Annuities, in Cases where Proof of the Age and Identity of Nominees has been before produced to the said Commissioners, certified and verified according to the Provisions of the said Act, and as relates to Affidavits and solemn Affirmations in Cases where the Nominee shall not appear personally before the Officers of the said Commissioners, to enable such Persons to receive the half-yearly Payments from Time to Time of every such Life Annuity, and also for receiving the One Fourth Part of any expired Life Annuity which shall be claimed under the Provisions of the said Act, and as relates to the paying and transferring such Annuities at the Bank of England , shall be and the same are hereby repealed.

S-V A Declaration to be made in lieu of the Affidavit or Affirmation hitherto required by Persons purchasing and receiving Life Annuities.

V A Declaration to be made in lieu of the Affidavit or Affirmation hitherto required by Persons purchasing and receiving Life Annuities.

V. And be it further enacted, That in all Cases in which any Affidavit or solemn Affirmation was required by any of the said recited Acts aforesaid, the Person or Persons who would, under the said recited Acts, be required to take or make such Affidavit or solemn Affirmation, shall make and subscribe a Declaration in lieu thereof, in such Form and Words and under such Regulations as may be directed by the said Commissioners, or by the Comptroller General or Assistant Comptroller acting under the said Commissioners; and if any such Declaration shall be untrue in any Particular, the Person making the same shall, over and above every other Penalty to which such Person may become subject, forfeit the Sum of One hundred Pounds.

S-VI Such Affidavits produced after passing of this Act to be valid.

VI Such Affidavits produced after passing of this Act to be valid.

VI. Provided always, and be it enacted, That if after the passing of this Act any Affidavit or solemn Affirmation shall be produced for the Purpose of receiving any Life Annuity under the Provisions of the said recited Acts, such Affidavits and solemn Affirmations, notwithstanding the Repeal thereof by this Act, shall be deemed valid and effectual for the Purpose of receiving such Life Annuities, any thing in this Act to the contrary thereof in anywise notwithstanding.

S-VII Affidavit may be required in certain Cases.

VII Affidavit may be required in certain Cases.

VII. Provided nevertheless, and be it further enacted, that the said Commissioners, or Comptroller General or Assistant Comptroller acting under the said Commissioners, may in any Case require any such...

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