Ecclesiastical Commissioners Act 1866

11 Power to Commissioners to apply Capital Monies to certain Purposes.

Whereas by the Sixth Section of the Act of the Session of the Sixth and Seventh Tears of the Reign of Her Majesty, Chapter Thirty-seven, it is provided that every Sum of Money received by the Commissioners in consideration of a Sale, Transfer, or Conveyance made under the Authority of that Act, and every Sum of Money received by them as the Fine or Foregift for the granting or renewing of any Lease shall be applied either in replacing the borrowed Stock referred to in such last-mentioned Section or in the Purchase of Lands or Hereditaments, or of some Estate and Interest therein: And whereas with a view to provide Capital Monies applicable in certain Cases to the Provision of Parsonage Houses and to the Purchase of Lands or Hereditaments in order to the Annexation thereof to Benefices with Cure of Souls, and with a view also to facilitate the Payment of such annual and other Sums as may be by Law due and payable by the Commissioners to certain Archbishops and Bishops and Deans and Chapters whose Estates may have become transferred to the Commissioners under the Authority of this Act or of other Acts relating to the Commissioners, it is expedient to amend the said Section: Be it enacted, That it shall be lawful for the Commissioners to carry over by such Instalments as herein-after mentioned to the Account of their Common Fund, and to apply and appropriate, as Part thereof, a total Sum not exceeding One Million Sterling, the Produce of Sales effected or to be effected under the Authority of the said last-mentioned Section.

Such Sum of One Million shall be so carried over to the said Common Fund by annual Instalments not exceeding One hundred thousand Pounds in any One Tear, commencing with the Tear One thousand eight hundred and sixty-six.

Provided also, that it shall not be lawful for the Commissioners to appropriate or pay out of Monies applicable to the Purposes of their Common Fund for, in, or towards the Provision of any Parsonage House (irrespective of the Cost of the Site) any larger Sum than One thousand five hundred Pounds.