

     c) 
     
    
     A 
     
    
     ll 
     
    
     ROYAL GAZETTE. 
     
    
     prepared and made out in such method and 
     
     form as the said Colonial Treasurer shall think 
     
     most safe and convenient, and be signed by 
     
     him, by the Colonial Secretary, and also by the 
     
     Lieutenant Governor of this Island, and shall be 
     
     made payable at ten years from the date of is- 
     
     suing the same, bearing interest at a rate not 
     
     exceeding six pounds per centum per annum, 
     
     payable yearly or half yearly, as may be arrang— 
     
     ed and speciﬁed. 
     
    
     III. Such person or persons as shall be from 
     
     time to time appointed, in that behalf, by the 
     
     Lieutenant Governor of this Island, with the 
     
     advice and consent of Her Majisty’s Executive 
     
     Council, shall be, and he or they are hereby 
     
     declared to be agent or agents in Great Britain 
     
     and Ireland, or elsewhere, out of this Island, 
     
     under this Act, for the purpose of raising and 
     
     managing the moneys hereinafter preposed to be 
     
     raised out of this Island. 
     
    
     IV. The agent or agents for the time being, 
     
     under this Act, shall have full power and 
     
     authority to borrow and raise in Great Britain 
     
     and Ireland, or elsewhere out of this Island, by 
     
     Bond, Debenture or otherwise, such sum or 
     
     sums, not, exceeding in the whole the sum of 
     
     one hundred thousand pounds sterling, as he or 
     
     they may, from time to time be called upon or 
     
     requested to raise and borrow for the purposes 
     
     of this Act, by Warrants under the hand of the 
     
     Lieutenant Governor of this Island, to which 
     
     shall be also afﬁxed the Great Seal of this Is- 
     
     land, and the signature of the Colonial Secretary 
     
     thereof, for the time being, in the form set forth 
     
     in the Schedule to this Act, or to a similar 
     
     effect; in each of which said Warrants shall be 
     
     expressly stated the amount thereby required to 
     
     be raised; and each of said Warrants may, if 
     
    
     thought necessary, be issued in duplicate or. 
     
    
     triplicate, that is to say, there may be one, two 
     
     or three copies thereof, if deemed advisable, and 
     
     in such case one copy shall be styled on the 
     
     face thereof “ Original,” “ Duplicate ” or 
     
     “ Triplicate,” as the case may be, as also speci- 
     
     fied in said Schedule, and all Bonds and Deben— 
     
     tures to be granted by such agent or agents 
     
     under this Act shall be in such form as he or 
     
     they shall deem ﬁt and proper, and shall be 
     
     transferable and negotiable, and shall be made 
     
     redeemable at the expiration of twenty years 
     
     from the date of such bonds or debentures re- 
     
     spectively; and shall be made payable at some 
     
     place, to be for that purpose named in saidbond 
     
    
     vi 
     
    
     1 A; 
     
    
     or debenture ; and every such bond or deben- 
     
     ture to be granted under this section, shall be 
     
     drawn for a sum not less than one hundred 
     
     pounds sterling, and shall bear interest at a 
     
     rate not exceeding the yearly rate of six pounds 
     
     per centuni per annum, which interest shall by 
     
     each bond or debenture be made payable half 
     
     yearly at the Treasury of this Island, or at some 
     
     place, or by some person in London, or else- 
     
     where out of this Island, to be named for that 
     
     purpose, and such bonds or debentures bearing 
     
    
     ' such interest and payable as aforesaid, shall 
     
    
     and may be sold and disposed of in Great Britain 
     
     or elsewhere out of this Island, at the best and 
     
     highest rates or prices which can or may be 
     
     gotten or obtained for the same, and the state 
     
     of the money market, and the credit of this Is- 
     
     land therein at the time may permit. 
     
    
     V. For the repayment of all sums of money 
     
     borrowed under this Act, and the interest there- 
     
     on,and for the payment ofall sums of money con- 
     
     tracted to be paid under this Act, and expen- 
     
     ses incurred thereunder, the public funds, 
     
     monies and securities of this Island, shall be, 
     
    
     and the same are hereby pledged and rendered 
     
     liable. 
     
    
     VI. For the payment of the interest to ac- 
     
     crue on such moneys as may,from time to time, 
     
     be raised out of this Island, under this Act, 
     
     and of the principal moneys or any amount, for 
     
     which any bond or debenture shall be issued, 
     
     under this Act, the Treasurer of this Island 
     
     shall, from time to time, on the warrant of the 
     
     Lieutenant Governor, issue from the public 
     
     moneys and remit to such agent as aforesaid, 
     
     such moneys as may from time to time be re— 
     
     quisite for the payment of such interest and 
     
     principal. 
     
    
     VII. When any such bond or debenture for 
     
     moneys raised out of this Island shall become 
     
     due, then the sinking fund formed under the 
     
     provisions of this Act, or so much thereof as 
     
     from time to time may be required, shall be 
     
     sold and converted into money, under the order 
     
     of His Excellency the Lieutenant Governor in 
     
     Council, and applied to paying oil the Bonds 
     
     and Debentures becoming due as aforesaid. 
     
    
     VIII. Such Agents and also the Lieutenant 
     
     Governor, with the advice of the Council, shall 
     
     have full power and authority to pay from time 
     
     to time out of any moneys which may be raised 
     
     under the provisions of this Act, all incidental