National Debt Act 1719
| Jurisdiction | UK Non-devolved |
| Citation | 1719 c. 10 |
| Year | 1719 |
(6 Geo. 1) C A P. X. Anno Regni GEORGII Regis Magn Britanni, Franci: &Hiberni, sexto.
An Act for making forth new Exchequer-bills not exceeding one million at a certain Interest; and for lending the same to theSouth-Sea Company at an higher Interest, upon Security of repaying the same and such high Interest into the Exchequer for Uses to which the Fund for lessening the publick Debts (called the Sinking Fund) is applicable; and for circulating and exchanging upon Demand the said Bills at or near the Exchequer.
I Geo. 1. c. 7. 5 Geo. 1. c. 3. & 5 Geo. 1. c. 19. For farther Provisions relating to this Act, see 7 Geo. 1. st. 1. c. 5. sect. 38. & 8 Geo. 1. c. 20.
'I.MAY it please your most Excellent Majesty; Whereas in and by an Act of Parliament of the third Year of your Majesty's Reign, intituled,An Act for redeeming the Duties and Revenues which were settled to pay off Principal and Interest on the Orders made forth on four Lottery-Acts passed in the ninth and tenth Years of her late Majesty's Reign, and for redeeming certain Annuities payable on Orders out of the hereditary Excise, according to a former Act in that Behalf; and for establishing a General yearly Fund, not only for the future Payment of Annuities at several Rates, to be payable and transferrable at the Bank of England and redeemable by Parliament; but also to raise Money for such Proprietors of the said Orders, as shall chuse to be paid their Principal and Arrears of Interest in ready Money; and for making good such other Deficiencies and Payments, as in this Act are mentioned; and for taking off the Duties on Linseed imported and British Linen exported , It was enacted and declared, That the monies which should from Time to Time arise by certain Surplusses, Excesses and overplus Monies therein specified, should be appropriated, reserved and employed to and for the discharging the Principal and Interest of such national Debts and Incombrances as were incurred before the twenty-fifth Day of December one thousand seven hundred and sixteen, and were declared to be national Debts, and were provided for by Act of Parliament, in such Manner and Form as should be directed or appointed by any future Act or Acts of Parliament to be discharged therewith or out of the same: Andwhereas by an And of Parliament of the...
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