Search Legislation

Life Annuities Act 1808

Status:

This is the original version (as it was originally enacted).

VIIIPurchasers of Life Annuities on single Lives, to be entitled to the Annuities specified in Schedule (D).

And be it further enacted, That in every case where any such Bank Annuities shall be transferred as the Consideration for the Purchase of an Annuity on the Continuance of a single Life, the Person or Persons purchasing such Life Annuity shall, on the Transfer of the laid Bank Annuities to the said Commissioners, be entitled, according to the Age of his, her, or their Nominee, and the average Price (to be ascertained as herein-before is directed) of such Three Pounds per Centum Consolidated Bank Annuities (if the Transfer shall be made in that Stock, or if the Transfer shall be made in Three Pounds per Centum Reduced Bank Annuities, then according to the average Price of that Stock) on the Day next preceding the Day of the Date of the Certificate to be granted by such Officer as aforesaid (in case there shall have been any Sale Or Purchase at the Bank of England of Stock of the like Description as that transferred for 'the Purchase of the Annuity on such next preceding Day or otherwise on the nearest preceding Day on which there shall have been any Sale or Purchase at the Bank of England of Stock of the like Description) to receive, during the Continuance of the Life of such Nominee (whether the Person or one of the Persons purchasing such Annuity shall be the Nominee or not) for every One hundred Pounds of such Bank Annuities, and so in Proportion for any greater Sum than One hundred Pounds transferred to the said Commissioners, a Life Annuity of such annual Amount as is specified in the Table in the Schedule to this Act annexed marked (D).

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources