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How Money shall be issued for the Purposes of this Act.
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VIII. And be it enacted, That when and as often as any Money shall be required for the Purposes of this Act it shall and may be lawful for the said Commissioners of Her Majesty’s Treasury, or any Three or more of them, upon the Application of the Commissioners for the Execution of this Act, to issue and advance, or cause to be issued and advanced, to the said Commissioners for the Execution of this Act, out of the growing Produce of the Consolidated Fund of the United Kingdom of Great Britain and Ireland, such Sum or Sums of Money as they shall think fit, not exceeding the said Sum of Five hundred and eighty-four thousand eight hundred and seven Pounds; or in case the said Commissioners of the Treasury shall so think fit, it shall be lawful for them, or any Three or more of them, to direct the Comptroller General of Her Majesty’s Exchequer at Westminster for the Time being to issue and make out Exchequer Bills to such an Amount, not exceeding the said Sum of Five hundred and eighty-four thousand eight hundred and seven Pounds, as they shall think fit to direct for the Purposes aforesaid; and such Comptroller General shall, upon the Receipt of such Direction of the Commissioners of the Treasury, cause and direct the Exchequer Bill or Bills so ordered to be made out to be delivered to such Person as shall be named by the said Commissioners of the Treasury to receive the same, and such Bill or Bills shall be issued and delivered, upon the Warrant in Writing of the Commissioners for the Execution of this Act first had and obtained, to the Person or Persons in such Warrant named; and every such Exchequer Bill shall bear Date on the Day on which the said Commissioners of the Treasury shall appoint and direct: Provided always, that the whole Amount of the Money so to be advanced for the Purposes of this Act, either out of the said Consolidated Fund or by the Issue of Exchequer Bills, shall not exceed the said Sum of Five hundred and eighty-four thousand eight hundred and seven Pounds: Provided also, that the Sum of Two hundred and ninety thousand seven hundred and seventeen Pounds only may be issued by way of Grant, and the Sum of Two hundred and ninety-four thousand and ninety Pounds by way of Loan, to be repaid as herein-after provided.
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