England, or of the Annuities consolidated by the Acts of the twenty-fifth and twenty-sixth years of the reign of his said late Majesty King George the Second, and of the fifth year of the reign of his present Majesty, called Reduced Annuities, also payable and transferable there, or of certain Three Pounds per centum Annuities, which are payable and transferable at the South Sea House, called Old South Sea Annuities and New South Sea Annuities, or of Three Pounds per centum Annuities, which were created by an Act of the twenty-fourth year of the reign of his said late Majesty, King George the Second, and made payable and transferable at the South Sea House, shall be at liberty, between the hours of nine of the clock in the morning and six in the afternoon, on the eighth day of this instant May, to deliver or transmit to the chief Cashier, or other proper officer appointed to receive the same at the Bank of England, a writing, signed with his or their name or names, signifying his, her, or their consent, to accept in lieu of his, her, or their interest, in any part of the said Principal or Capital Stocks, and in full satisfaction and discharge thereof, the sum of eighty-eight Pounds in money for every one hundred Pounds, and so in proportion any greater or less sum, composing one or more entire sum or sums of one hundred Pounds, or fifty Pounds of such Principal or Capital Stock, and expressing what sum or sums, part of the said Capitals or Joint Stocks, he, she, or they are desirous of subscribing towards the redemption of one million of the whole of the said Joint Stocks; and in case the several sums so subscribed shall, together, exceed the sum of one million, the several distinct sums so subscribed shall be reduced in such proportion as the total sum subscribed bears to one million, as near as the same can be done, so that no fractional part of fifty Pounds be admitted, but that the sum to be allowed on each subscription shall be fifty Pounds, or a multiple of fifty Pounds; and that every person, body politick or corporate, shall receive forty-four Pounds for each fifty Pounds contained in such sum or sums allowed, in respect of his, her, or their subscription of such Principal or Capital Stock; one moiety thereof to be paid on or before the 15th day of July next, and the other moiety on or before the 20th day of October next, together with the interest due on the Capital Stock so subscribed, to the 5th day of July, 1775.

That every person or persons, bodies politick or corporate, shall, for every one hundred Pounds of such subscription, be entitled to receive six tickets in a Lottery to consist of sixty thousand tickets, at the rate of twelve Pounds ten Shillings each, (and in that proportion for any greater or less sum,) the said tickets to be paid for in manner following: that is to say; that every person or persons, bodies politick or corporate, so subscribing as aforesaid, shall, on or before the 18th day of this instant, May, make a deposite of one Pound, in respect of the money to be paid for each ticket, as a security for making the future payments to the Cashiers of the Bank of England on or before the times hereinafter limited; that is to say, for and in respect of every such ticket, two Pounds on or before the 22d day of June next; three Pounds on or before the 28th day of July next; three Pounds on or before the 29th day of August next; and three Pounds ten Shillings on or before the 2d day of October next; that upon such payments being completed, tickets shall be delivered, as soon as the same can be prepared, to the persons entitled thereto; that the sum of six hundred thousand Pounds shall be distributed into prizes for the benefit of the proprietors of the fortunate tickets in the said Lottery, which prizes shall be paid at the Bank of England, in money, to such proprietors upon demand, on the 1st day of March, 1776, or as soon after as certificates can be prepared, with out; any deduction whatsoever; and that all the moneys so to be received by the said Cashiers shall be paid into the receipt of his Majesty's Exchequer, to be applied, from time to time, to such services as shall then have been voted by this House, in this session of Parliament; and that every person or persons, bodies politick or corporate, so possessed of, interested in, or entitled to, any of the said Annuities, and so subscribing as aforesaid, shall have a certificate from the said Cashiers of the Governour and Company of the Bank of England, for such of the Annuities as are payable at the Bank, and from the Accountant General, or other proper officer of the South Sea Company, in respect of such of the Annuities as are payable at the South Sea House for the amount of the Principal or Capital Stock of their said subscription, or of such sum to which such subscription shall or may be reduced as aforesaid, and of all such sum and sums of money as he, she, or they shall be entitled to receive in consideration thereof, and in lieu, and in discharge of his, her, or their capital, so subscribed or reduced as aforesaid; and the holders or bearers of such certificates shall be paid at the Bank of England, or at the South Sea House, respectively, the several sums of money expressed in such certificate, together with interest, after the rate of three Pounds per centum per annum on the Capital Stock subscribed, in the manner and at the times herein before described; that, upon payment of such sum or sums of money, with such interest, the whole of the Principal or Capital Stock of such subscription shall stand discharged, and be annihilated, and the Annuity payable in respect thereof shall, from the said fifth day of July, 1775, cease, and be extinguished.

That books be opened at the Bank England, on the 8th day of this instant, May, for receiving such subscription and consent as aforesaid; and that no person or persons, bodies politick or corporate, be admitted to subscribe, or signify his, her, or their, consent for any sum or sums, amounting in the whole to more than twenty thousand. Pounds, or to less than one hundred Pounds, Principal or Capital Stock.

Resolved, That it is the opinion of this Committee, that, towards raising the Supply granted to his Majesty, there be issued and applied the sum of one million, nine hundred and fifteen thousand, five hundred and fifty-two Pounds, sixteen Shillings, and eleven Pence, three-farthings, out of such moneys as shall, or may, arise of the surpluses, excesses, or overplus moneys, and other revenues composing the fund commonly called the Sinking Fund.

Resolved, That it is the opinion of this Committee, that, towards raising the Supply granted to his Majesty, the sum of one million, two hundred, and fifty thousand Pounds be raised by Loans or Exchequer Bills to be charged upon the first Aids to be granted in the next session of Parliament; and such Exchequer Bills, if not discharged, with interest thereupon, on or before the 5th day of April, 1776, to be exchanged and received In payment, in such manner as Exchequer Bills have usually been ex changed and received in payment.

Resolved, That it is the opinion of this Committee, that a sum not exceeding fifteen thousand Pounds, out of such moneys as remain in the receipt of the Exchequer, and that shall be paid in there on or before the fifth day of April, 1776, of the produce of all or any of the Duties and Revenues, which, by any Act or Acts of Parliament, have been directed to be reserved for the disposition of Parliament, towards defraying the necessary expenses of defending, protecting, and securing the British Colonies and Plantations in America, be applied towards making good such part of the Supply as hath been granted to his Majesty for maintaining his Majesty's Forces and Garrisons in the Plantations, and for Provisions for the Forces in North America, Nova Scotia, Newfoundland, and the Ceded Islands, for the year 1775.

Resolved, That it is the opinion of this Committee, that such of the moneys as shall be paid into the receipt of the Exchequer, after the 5th day of April, 1775, and on or before the 5th day of April, 1776, of the produce of the Duties charged by two Acts made in the fifth and fourteenth years of his present Majesty's reign, upon the importation and exportation of Gum Senega and Gum Arabick, be applied towards making good the Supply granted to his Majesty.

The said Resolutions being severally read a second time, were, upon the question severally put thereupon, agreed to by the House.

Ordered, That a Bill, or Bills, be brought in upon the said Resolutions; and that Sir Charles Whitworth, the Lord North, Mr. Charles Townshend, the Lord Beauchamp, Mr. Cornwall, Mr. Attorney General, Mr. Solicitor General, Mr. Cooper, and Mr. Eden, do prepare and bring in the same.