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PROSPEROUS MARKETS ACT 1783
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CHAP. XII.
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An Act for the issuing Treasury Bills to the Amount therein mentioned, for the Purpose of promoting Manufactures by providing for the Settlement of a Number of industrious Manufacturers at Prosperous in the County of Kildare.
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25. G. 3. c. 41. 26 G. 3. c. 42.
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to support and employ manufacturers at Profperous;
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treasury bills issued to Rob. Brooke for 25000l.
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as 3d. per day per cent.
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current at treasury 24 June 1794.
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WHEREAS Robert Brooke of Prosperous in the county of Kildare, esquire, encouraged by the prospects opened to this kingdom by the enlargement of the trade thereof, embarked extensively in the manufacture of linen and cotton mixed, and hath for the more completely carrying on of the said manufacture introduced and constructed at a considerable expence, a variety of machinery and utensils necessary for the various branches of the said manufacture, and hath furnished employment to a considerable number of persons, whereby a spirit of industry hath been encouraged, and also hath for the habitation of such persons, and for the more conveniently carrying on of the said manufacture, eracted and built the town of Prosperous, a convenient situation in the county of Kildare for firing, provision, and water carriage, and large quantities of the said manufacture in consequence of the said exertions hath been made and sold in this kingdom for home consumption and export to the great benefit of trade and industry: and whereas many industrious manufacturers in and about the city of Dublin, who were unemployed in the business of their respective trades, have been lately encouraged by the said Robert Brooke, to settle in the said town of Prosperous, where he has built a large range of houses and shops for their accommodation, and provides them with all materials and implements for work, and he is daily encouraging all such as are industrious and unemployed to settle likewise there, to the manifest advantage of your Majesty’s industrious subjects: in order therefore to enable the said Robert Brooke to support and employ the said manufacturers lately settled, and such as may hereafter be settled and employed at the said town of Prosperous; be it 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, That your Majesty’s vice treasurer or vice treasurers, receiver, or paymaster general, his or their deputy or deputies, do and shall from time to time at the request of the said Robert Brooke, issue treasury bills in like form as those heretofore issued for any sum or sums of money, not exceeding in the whole the sum of twenty five thousand pounds, to bear interest at the rate of three pence by the day for each one hundred pounds from the issuing thereof, and to pass current at the receipt of your Majesty’s treasury, on or after the twenty fourth day of June, which shall be in the year one thousand seven hundred and ninety four, the said treasury bills to be delivered to the said Robert Brooke.
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Security given by Rob. Brooke, approved by a baron of the Exchequer,
six days notice to attorney general;
conditioned to pay half yearly a sum equal to the interest at said rate until an entire payment to treasury.
and to pay principal 24 June 1794,
and to employ constantly 8 manufacturers for every 100l. until 24 June 1794, or payment of principal.
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II. Provided always, That no such treasury bills shall be issued or delivered, unless the said Robert Brooke by himself, or with a sufficient surety or sureties to be approved of by the lord chief baron or one other of the barons of your Majesty’s court of Exchequer, shall from time to time have given good and sufficient security by recognizance or otherwise, the same to be approved of by the said lord chief baron or other baron, six days previous notice thereof being given to his Majesty’s attorney general of the intention to offer such security, stating the nature of it, such security to be conditioned that the said Robert Brooke, his heirs, executors or administrators shall well and truly pay or cause to be paid into your Majesty’s treasury on every twenty third day of June, and twenty fourth day of December in each year, a sum equal to the amount of the half yearly interest at the rate aforesaid, payable on the treasury bills which the said Robert Brooke shall so require to be issued until a sum or sums equal to the respective sums for which such treasury bills shall be issued shall be respectively paid into your Majesty’s treasury by the said Robert Brooke, his heirs, executors or administrators at one entire payment, and also conditioned that the said Robert Brooke, his heirs, executors or administrators shall and will well and truly pay or cause to be paid into your Majesty’s treasury on or before the twenty fourth day of June, one thousand seven hundred and ninety four, such sum of money as shall be equal to the principal sum and sums for which such treasury bills shall be issued; and also conditioned that the said Robert Brooke shall from such time as such treasury bills shall be issued until the twenty fourth day of June, one thousand seven hundred and ninety four, or until there shall be paid into your Majesty’s treasury by the said Robert Brooke, his heirs, executors, or administrators a sum equal to the principal sum or sums for which such treasury bills shall be issued, constantly keep employed in the carrying on of manufactures at the said town of Prosperous, a number of manufacturers at the rate of eight persons for every one hundred pounds for which such treasury bills shall be issued.
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Exchequer process on default of payment.
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III. And be it further enacted by the authority aforesaid, That in case such sum as shall be equal to the amount of the half yearly interest payable on the said treasury bills which shall be issued as aforesaid, shall not be paid from time to time into your Majesty’s treasury by the said Robert Brooke, his heirs, executors or administrators on every twenty third day of June and twenty fourth day of December, until a principal sum or sums be paid into your Majesty’s treasury as aforesaid, equal to the sums for which such treasury bills shall be issued, it shall and may be lawful to and for your Majesty’s court of Exchequer from time to time as often as such default shall be made to issue such process for levying the sum or sums which the said Robert Brooke, his heirs, executors or administrators ought to have paid as aforesaid, as your Majesty is by law intitled to for recovery of debts due to your Majesty.
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Interest at 3d. per day per cent. half yearly on principal sum till paid.
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IV. And be it further enacted by the authority aforesaid, That for the said sum of twenty five thousand pounds, or so much thereof for which treasury bills shall be from time to time issued as aforesaid, there shall be paid at the receipt of your Majesty’s Exchequer by the hands of the vice treasurer or vice treasurers, or paymaster general, his or their deputy or deputies on every twenty fourth day of June and twenty fifth day of December subsequent to the times at which such treasury bills shall be respectively issued, an interest for the same at the rate of three pence by the day for each one hundred pounds, and to commence from such time as shall be expressed in such treasury bills without any fee or charge, and free from all deductions, defalcations and abatements whatsoever, until such time as the principal sums shall be respectively paid off at one entire payment.
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Bills issued current to receivers, collectors, and at treasury from 24 June 1794.
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V. And be it further enacted by the authority aforesaid, That every treasury bill which shall be issued pursuant to this act, shall and may after the twenty fourth day of June one thousand seven hundred and ninety four, if not sooner paid, be received, taken, and be current to any receiver or collector of the customs, excise, or any revenue, aid, or tax in this kingdom, for and in satisfaction of any custom, excise, aid, or tax then due, or thereafter to become due or payable to your Majesty, your heirs and successors, and shall be taken, pass, and be current at the receipt of your Majesty’s treasury, from every such receiver or collector for or in respect of the customs, excise, or any other revenue, aid, or tax by him received or collected, from and after the said twenty fourth day of June one thousand seven hundred and ninety four.
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No bills issued under 8l. 6s. 8d.
option to receive for several,
8l. 6s. 8d. the common divisor.
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VI. And in order to avoid small fractional divisions of daily interest less than a farthing on the said bills; be it enacted by the authority aforesaid, That no such bill shall be issued for any sum less than eight pounds six shillings and eight pence; and that the said Robert Brooke may, at his option, have and receive one bill or several bills for such sum or sums as he shall choose, on the condition aforesaid, not exceeding in the whole such sum for which such bill or bills, pursuant to the provisions in this act may at any time or times be issued, so as no bill do issue for any sum greater than eight pounds six shillings and eight pence, except such sum as eight pounds six shillings and eight pence shall be the common divider of.
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No fees.
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VII. And be it further enacted by the authority aforesaid, That neither the six pence per pound, nor any other see shall be payable to, nor be deducted or received by the vice treasurer or vice treasurers, receiver, or paymaster general, clerk of the pells, or any other officer or officers of this kingdom, for or on account of the issuing the treasury bills hereby directed to be issued, or for receiving any sum or sums of money which shall be paid into your Majesty’s Exchequer in pursuance of this act.
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Prosperous a market town.
no toll, custom, or exaction on provision or commodities.
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VIII. And whereas it may tend much to the advantage of the said town of Prosperous, and to the convenience of the inhabitants thereof, if a market were held therein, so that such inhabitants could supply themselves with provisions, and other necessaries, without being under a necessity of repairing to distant places for the purchase thereof; be it therefore enacted by the authority aforesaid, That the said town of Prosperous, be, and the same is hereby constituted a market town, and that a market may be held in the said town on every Wednesday and Saturday for ever; and that all provisions and commodities which shall or may be sold and purchased at the said market, shall and may be brought or carried into and out of the said town free from the payment of all tolls, customs, and exactions whatsoever, for or by reason of bringing or carrying such provisions and commodities to or from a market, or on any pretence whatsoever.
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A publick act.
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IX. And be it enacted by the authority aforesaid, That this act shall be deemed, adjudged, and taken to be a publick act, and be judicially taken notice of as such, by all judges, justices, and other persons whatsoever, without specially pleading the same.
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