Life Annuities Act 1808

VII Granting a Certificate, upon the Production of which the Stock may be transferred, and the Party receive an Acquittance.

And be it further enacted, That in case it shall appear to the said Officer, that the Certificates and Affidavits so produced to him as. aforesaid are conformable to the Directions of this A ft, he shall thereupon ascertain the Amount of the Life Annuity to be payable in respect of the Bank Annuities proposed to be transferred for the Purchase thereof, and grant his Certificate in the Form expressed in the Schedule to this Act annexed marked (B.), and shall transmit to the Governor and Company of the Bank of England a Duplicate of such Certificate ; and upon the Production and Delivery at the Bank of England of the said Certificate granted to the Party by the said Officer, and upon the Transfer to the Commissioners for the Reduction of the National Debt, of the Bank Annuities to be transferred as the Consideration for the Purchase of the Life Annuity, the Purchaser or Purchasers thereof, or the Person producing the said Certificate on his, her, or their Behalf, shall be entitled to have a Certificate or Receipt from one of the Cashiers of the Governor and Company of the Bank of England acknowledging such Transfer, which Certificate or Receipt one of such Cashiers is hereby required to give in the Form prescribed in the Schedule to this Act annexed marked (C.), and which shall be an Acquittance or Discharge for the Stock so transferred : Provided always, that no Certificate granted by the said Officer, shall be valid and effectual to enable the Transfer of any Bank Annuities under the Provisions of this Ad, after the Expiration of Five Days from the Date of such Certificate.