Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: is to be payable out of the Consolidated Fund, or the A.D. 1871. growing produce thereof, and that the amount so raised or stock so created is to be appropriated by the said commissioners in such manner as may be directed by the said Postmaster-General for the purposes of the Telegraph Acts, under such regulations as may be prescribed by the Commissioners of Her Majesty’s Treasury: And whereas a further sum of one million pounds is required to be raised with a view of enabling Her Majesty’s Postmaster-General to carry into more complete effect the purposes of the said Telegraph Acts, 1868 to 1870: Be it enacted as follows: ? 1. This Act may be cited for all purposes as
The Short title. Telegraph (Money) Act, 1871. 2. The Commissioners of Her Majesty’s Treasury may, Power for i, … . . Commis- in addition to any sum previously authorized to be raised sioners of by them, raise for the purposes of the Telegraph Acts, UL. ea 1868 to 1870, or any of such Acts, any sum or sums of
?tt J J further money not exceeding in the whole one million pounds sum of one sterling, by the creation, in manner provided by the Tele- pounds for graph Act, 1869, of terminable annuities for any period of P0ses of the years not exceeding thirty, or by the creation of Exchequer Telegraph bills or Exchequer bonds, or of three pounds per centum per annum capital stocks of annuities, or by all or any of the said modes, and the interest upon such securities shall be chargeable upon and payable out of the Consolidated Fund, or the growing produce thereof. The provisions of the Telegraph Act, 1869, relating to the terminable annuities, Exchequer bills or Exchequer bonds, or three pounds per centum per annum capital stocks of annuities therein named, shall apply to the A.D. 187…
