National Debt Reduction Act 1823

XIII Expences of executing the Acts 48 G.3 c.142, 39 G.3 c.6 and 54 G.3 c.173 to be defrayed out of Consolidation Fund.

And be it further enacted, That from arid after the Fifth Bay of April One thousand eight hundred and twenty-three, all the Expences of carrying into Execution the Provisions of an Act, passed in the Forty-eighth Year of the Reign of His late Majesty, intituled An Act for enabling the Commissioners for the Reduction of the National Debt to grant Life Annuities, and of the Establishment necessary for executing the said Provisions ; and all the Expence of the Establishment necessary for carrying into Execution the Provisions of an Act of Parliament, passed in the Thirty-ninth Year of the Reign of His; late Majesty King George the Third, intituled An Act to enlarge the Time limited for the Redemption of the Land Tax ; and to explain and amend an Act made in the last Session of Parliament, intituled An Act for making perpetual subject to Redemption and Purchase in the manner therein stated, the several Sums of Money now charged in Great Britain as a Land Tax for One Year, from the Twenty-fifth Day of March One thousand seven hundred and ninety-eight;' and of another Act passed in the Fifty-fourth Year of the Reign of His late Majesty King George the Third, intituled An Act to alter and amend certain of the Powers and Provisions of several Acts passed for the Redemption and Sale of the Land Tax, and for making further Provision for the Redemption thereof; shall be charged upon the said Consolidated Fund (arid the same is hereby made chargeable arid charged thereon), and Sums shall be issued from Time to Time, at the Receipt of the Exchequer in Great Britain, out of the Consolidated Fund, under the Authority and by the Direction of the Lord High Treasurer or Three Commissioners of the Treasury for the Time being, for the Purpose of defraying the same; and all such Expences, arid Sums issued for the Payment thereof, shall, after the said Fifth Day of April, constitute and form Part of the Annual Charges of the National Debt of Great Britain.