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For ascertaining Foreign Stock.
Certificate of Exemption to be obtained.
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XC. Provided also, and be it further enacted, That where the Stock of any Persons shall stand in the Books of the Company of the Bank of England, or South Sea Company, in the Name of any Trustee, Agent, or Factor, for such Persons as aforesaid, such Trustee, Agent, or Factor, except the Accountant General or Officer of a Court, having the Direction and Controul of the Property as aforesaid, shall be answerable for the said Duties, unless he shall prove, on Oath, before the Commissioners for special Purposes, to be appointed under this Act, to their Satisfaction, that such Annuities, Dividends, and Shares, bonâ fide belong to Persons not Subjects of His Majesty, and not resident in Great Britain, in which Cases the said Commissioners are hereby required strictly to examine as to the Persons to whom such Annuities, Dividends, and Shares belong, and the respective Places of their ordinary Residences, and all other Circumstances necessary for their Information, and to require from the Cashier or Cashiers, or other Officers belonging to the respective Offices where such Dividends shall be payable, such Information respecting the same as the said Commissioners shall think necessary, and to grant to the Party making such Application a Certificate of such Exemption: Provided also, that where the Stock of any Person shall stand in the Name or Names of such Person, or of any other Person not resident in Great Britain, it shall be lawful for the Attorney, Agent, or Factor, having Authority by virtue of any Letters or Powers of Attorney to receive the Dividends arising from such Stock, to make such Application as aforesaid to the said Commissioners for special Purposes, and on due Proof of the several Circumstances before required, the said Commissioners shall grant such Certificate as before directed, in order that such Exemptions may be duly carried into Effect.
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