§ Mr. Lushington reported from the committee of the whole House, to whom it was referred to consider further of Ways and Means for raising the Supply granted to his Majesty; the Resolutions which they had directed him to report to the House; and the same were read, and agreed to by the House, and are as follow:
- 1. That, towards raising the Supply granted to his Majesty, the sum of twenty two millions be raised by annuities.
- 2. That every contributor to the said sum of twenty-two millions shall, for every 100l. contributed and paid, be entitled to the principal sum of 110l. in annuities, after the rate of 3l. per cent., to commence
126 from the 10th day of October 1813, and to be added to, and made one joint stock with, certain annuities after the rate of 3l. per cent., which were reduced from 4l. to 3l. per cent. by an Act made mine 23d year of the reign of his late Majesty, and to be payable and transferable at the Bank of England at the same time, and in the same manner, and subject to the like redemption, as the said 3l. per cent. Reduced Annuities:
§ That every such contributor shall also be entitled to the further principal sum of 67l. in annuities, after the rate of 3l. per cent, to commence from the 5th day of July 1813, and to be added to, and made one joint stock with, the 3l. per cent. annuities consolidated by the Acts of the 25th, 28th, 29th, 32d, and 33d years of his late majesty king George the second, and by several subsequent Acts, and to be payable and transferable at the Bank of England at the same time and in the same manner, and subject to the like redemption, as the said 3l. per cent. Consolidated Annuities:
§ That the said several annuities, so to be payable as aforesaid, shall be charged or chargeable upon, and payable, out of, the Consolidated Fund of Great Britain, or any other duties and revenues which shall be appropriated for that purpose by any Act or Acts of this present session of parliament:
§ That every contributor shall, on or before the 19th day of November, make a deposit of 10l. per cent. on such sum as he or she shall choose to subscribe towards raising the said sum of twenty-two millions with the chief cashier or cashiers of the governor and company of the Bank of England, as a security for making the future payments on or before the days or times hereinafter mentioned;—10l. per cent. on or before the 10th day of December next; 20l. per cent. on or before the 14th day of January 1814; 20l. per cent. on or before the 11th day of February next; 10l. per cent. on or before the 18th day of March next; 20l. per cent. on or before the 15th day of April next; and 10l. per cent on or before the 6th day of May next:
§ That every contributor who shall pay in the whole of his or her contribution money towards the said sum of twenty-two millions at any time on or before the 14th day of April 1814, shall be allowed an interest, by way of discount, after the rate of 5l. per cent. per annum, on the 127 sums so advanced for completing his or her contribution respectively, to be computed from the day of completing the same to the 6th day of May 1814:
§ That every such contributor shall be at liberty to deliver in to the chief cashier or cashiers of the governor and company of the Bank of England any Exchequer bill or bills bearing date between the 1st day of December 1812 and the 12th day of November 1813, both inclusive, so as the principal sums contained in such bill or bills do not exceed one moiety of the amount of the payment to be made by such contributor; and such bill or bills shall be received at the rate of 100l. 5s. for each 100l. principal money contained in such bill or bills, together with the interest due thereon, computed to and for the day on which the same shall be delivered in, after deducting the duties chargeable thereon under an Act of the 46th year of his present Majesty, for granting duties on profits arising from property, professions, trades, and offices; and such Exchequer bill or bills shall be received by the said cashier or cashiers at the rate aforesaid, and shall, together with the interest thereon, be deemed and taken in part payment of any such contribution as aforesaid:
§ That all the monies so to be received by the said cashier or cashiers of the said governor and company of the Bank of England shall be paid into the receipt of the Exchequer, to be applied, from time to time, to such services as shall have been voted by this House in this session of parliament.
§ 3. That towards making good the supply granted to his Majesty, there be issued and applied, out of any of the aids or supplies granted for the service of the year 1812 and the year 1813 respectively, such sum or sums of money, not exceeding 11 millions, as the Exchequer bills which shall be delivered into the Bank of England as part of the loan of 22 millions, and which was charged on the said aids or supplies respectively, shall amount unto.
§ 4. That, towards raising the supply granted to his Majesty, the sum of 22,257,400l., 3l. per cent. consolidated annuities, standing in the names of the commissioners for the reduction of the National Debt, shall, from and after the 5th day of January 1814, and the sum of 36,542,000l. 3l. per cent. reduced annuities, standing in the names of the said commissioners, 128 shall, from and after the 5th day of April 1814, be cancelled from those respective days, and the interest which would have been payable thereon shall cease to be issued from the receipt of the Exchequer, or to be charged upon the Consolidated Fund; and the duties and revenues which would have been applicable thereto, shall be deemed part of the said Consolidated Fund, for the purpose of defraying the charge occasioned by the addition made, or to be made, to the public funded debt of Great Britain in the present session of parliament.
§ Ordered, That Bills be brought in upon the said Resolutions; and that Mr. Lushington, Mr. Chancellor of the Exchequer, Mr. Brogden, Mr. Berkeley Paget, Mr. Attorney General, Mr. Wharton, and Mr. Arbuthnot, do prepare and bring them in.