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Treasury to give Notice of their Intention to raise the same.
No Contract for raising same to be entered into but during sitting of Parliament.
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XXV. Provided always, and be it further enacted, That before raising any such Sum or Sums by Redeemable Perpetual Annuities or Annuities for Terms of Years (unless the same shall be subscribed or contributed as herein-after mentioned by the Commissioners for the Reduction of the National Debt), the said Commissioners of the Treasury are hereby required to give public Notice of the Intention to raise such Sum, or such Part thereof as shall not be subscribed or contributed as aforesaid, through the Governor and Deputy Governor of the Bank of England, of their Desire to receive Biddings for any such Annuities, which said Biddings and the Mode of raising such Annuities shall be conducted in such and the like Manner as has usually been practised with respect to the raising of Money by way of Annuities for the Service of the Public: Provided also, that no Contract or Agreement for raising any Sum or Sums by Annuities as aforesaid shall be entered into except during the sitting of Parliament, and when the same shall have been entered into all Proceedings, Tenders, and Contracts respecting the same shall be forthwith laid before Parliament.
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