National Debt Reduction Act 1823

1823 CHAPTER 19

An Act for further regulating the Reduction of the National Debt.

[26th March 1823]

WHEREAS divers Acts of Parliament have been passed, and Provisions have been made in Acts of Parliament from Time to Time, for the Reduction of the National Debt: And whereas it was resolved by the Commons House of Parliament, on the Eighth Day of June One thousand eight hundred and nineteen, " That to provide for the Exigencies of the Public Service, to make such progressive Reduction of the National Debt as may adequately support Public Credit, and to afford to the Country a Prospect of future Relief from a Part of its present Burthens, it is absolutely necessary that there should be a clear Surplus of the Income of the Country beyond the Expenditure, of not less than Five Millions :" And whereas it is expedient to make Provision for the carrying the said Resolution into effect; and it is, for that Purpose, necessary to repeal certain Acts of Parliament, and certain Provisions in other Acts of Parliament, and to make further Provisions in relation thereto :

Be it therefore enacted by the King's most Excellent Majesty, by and with the Advice and Consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the Authority of the same,