Ulster Canal Act, 1865
ULSTER CANAL ACT 1865 | ||
CAP. CIX. | ||
An Act for transferring the Ulster Canal to the Commissioners of Public Works in Ireland. [5th July 1865.] | ||
6 G. 4. c. 193. | ||
9 G. 4. c. 96. | ||
10 G. 4. c. 109. | ||
1 & 2 W. 4. c. 56. | ||
6 W. 4. c. 72. | ||
Indenture of Demise dated 26th March 1851. | ||
‘WHEREAS an Act was passed in the Sixth Year of the Reign of His late Majesty King George the Fourth, being an Act for making and maintaining a navigable Canal from Lough Erne in the County of Fermanagh to the River Blackwater near the Village of Charlemont in the County of Armagh, which Act was amended by an Act of the Session held in the Ninth Year of His said late Majesty, Chapter Ninety-six, and by a further Act of tho Session held in the Tenth Year of His said late Majesty, Chapter One hundred and nine, and by a further Act of the Session held in the Second Year of His late Majesty King William the Fourth, Chapter Fifty-six: And whereas considerable Progress was made in the Execution of the said Canal, being common called the Ulster Canal, by the Company authorized to be formed and incorporated by the said firstly-recited Act, under the Style of the Ulster Canal Company: And whereas the Commissioners acting in the Execution of an Act made and passed in the Fifty-seventh Year of the Reign of His late Majesty King George the Third, being an Act to authorize the Issue of Exchequer Bills, and the Advance of Money to a limited Amount out of the Consolidated Fund for the carrying on of Public Works and Fisheries in the United Kingdom, and of the subsequent Acts amending the same (which Commissioners were then commonly called the Exchequer Loan Commissioners), did on or about tho Twelfth Day of August One thousand eight hundred and thirty-three, under the Provisions of the said last-mentioned Acts or some of them, consent to advance to the said Ulster Canal Company a Loan of One hundred and twenty thousand Pounds, by Six several Instalments of Twenty thousand Pounds each: And whereas Three of the said Instalments were respectively advanced to the said Canal Company on the Twelfth Day of August One thousand eight hundred and thirty-three, the Fourteenth Day of April One thousand eight hundred and thirty-five, and the Thirteenth Day of October One thousand eight hundred and thirty-five, and the Repayment thereof secured to the said Loan Commissioners by Three several Indentures of Mortgage, under the Common Seal of the said Canal Company, bearing Date respectively the Twelfth Day of August One thousand eight hundred and thirty-three, the Fourteenth Day of April One thousand eight hundred and thirty-five, and the Thirteenth Day of October One thousand eight hundred and thirty-five, whereby, for the Considerations therein mentioned respectively, the said Canal Company conveyed to John Strettel Brickwood, the Secretary of the said Commissioners, all the Rates and Tolls of the said Canal receivable under the said Acts authorizing and enabling the Construction of the same, and all the Freehold and Leasehold Tenements and Premises of the said Company, subject to Redemption on Payment by the said Company of the said Principal Sums so advanced, and of all Interest thereon, by such Instalments as were thereby provided: And whereas an Act was passed in the Sixth Year of His said late Majesty King William the Fourth, being an Act to amend and enlarge the Powers and Provisions of the several Acts for making and maintaining the Ulster Canal in the Counties of Fermanagh, Monaghan, and Armagh in Ireland, and thereby the said Canal Company was empowered to make certain Deviations from the Line or Course of the said Canal, and to make and maintain a certain Reservoir at Quigalough in the County of Monaghan, for the Purpose of supplying the said Canal with Water, with Aqueducts, Pipes, and other Works necessary for such Reservoir, and for the Purpose of such Deviations and of such Reservoir and other Works; and the said Company was empowered to acquire other Lands as therein provided; and it was thereby enacted, that all Powers, Authorities, Lands, Works, and Property whatsoever which should become vested in the said Company by virtue of the said Acts should form Part of the Premises and Property so assigned and conveyed by way of Mortgage to the said John Strettel Brickwood as aforesaid: And whereas Three several further Sums of Twenty thousand Pounds each were advanced by the said Loan Commissioners to the said Canal Company, and by Three several further Indentures of Mortgage of the said Canal and Undertaking, bearing Date respectively the Seventh Day of June One thousand eight hundred and thirty-six, the Eleventh Day of October One thousand eight hundred and thirty-six, and the Ninth Day of May One thousand eight hundred and thirty-seven, the Repayment of the said Three several last-mentioned Sums was secured to the said Commissioners, payable by Instalments as therein respectively provided: And whereas by virtue of the Provisions of the said Six several Indentures of Mortgage it was provided, that the said Six several Sums of Twenty thousand Pounds should be repaid by the Payment of Six Several Sums of Five thousand Pounds each on the Twelfth Day of August One thousand eight hundred and thirty-eight, and by Fifteen subsequent equal yearly Instalments on the Twelfth of August in the Fifteen subsequent Years: And whereas by a certain Indenture of Mortgage, bearing Date the Thirty-first Day of October One thousand eight hundred and forty, and made between the said Ulster Canal Company of the First Part, Sir John Fox Burgoyne, Brooke Taylor Ottley, and John Radcliffe, Esquires, Commissioners of Public Works in Ireland, of the Second Part, and Henry Richard Paine, then Secretary to the said Commissioners of Public Works, of the Third Part, in consideration of a further Sum of Ten thousand Pounds agreed to be advanced by the said Commissioners of Public Works to the said Ulster Canal Company, all the said Canal and Undertaking, and the Rents and Tolls thereof, and all the several Hereditaments and Premises in the said Indenture of Mortgage particularly described, and acquired by the Canal Company for the Purpose of their said Undertaking, were conveyed to the said Henry Richard Paine as such Secretary as aforesaid (subject nevertheless to the said Securities of the said Loan Commissioners), by way of Mortgage, and in order to secure the Repayment of the said Sum of Ten thousand Pounds by certain half-yearly Instalments as therein provided: And whereas by a certain Indenture of Demise bearing Date the Twenty-sixth Day of March One thousand eight hundred and fifty-one, and made between the said John S. Brickwood of the one Part, and William Dargan of the other Part, after reciting the said Six several Indentures of Mortgage firstly herein-before mentioned, and reciting, as the Fact was, that the whole of the said Sum of One hundred and twenty thousand Pounds was due and unpaid, the said John Strettel Brickwood, as such Secretary as aforesaid, and by virtue of the Statutes enabling the said Commissioners in that Behalf, demised all the said Canal and Undertaking, and the Rates and Tolls thereof, to the said William Dargan, for the Term of Fourteen Years, computed from the First Day of January One thousand eight hundred and fifty-one, subject to the yearly Rent of Four hundred Pounds, and to a further Rent of Twenty Pounds for every One thousand Tons of Traffic on the said Canal exceeding Twenty thousand Tons, in manner therein mentioned: And whereas the said Lease expired by Effluxion of Time on the First Day of January One thousand eight hundred and sixty-five: And whereas no Part of the said Sum of One hundred and twenty thousand Pounds so advanced by the said Public Loan Commissioners, or of the said Sum of Ten thousand Pounds advanced by the said Commissioners of Public Works, has ever been repaid, but the same, together with large Arrears of Interest thereon respectively, still remain due and owing, and the whole Amount so due on Foot of the said Securities greatly exceeds the Value of the said Canal and Undertaking and Premises so subject to the said Mortgages, and the said Canal has long since ceased to be occupied or worked by the said Canal Company, and the same is now in possession of the said Public Works Loan Commissioners: And whereas the said Canal and Works have fallen into Disrepair in many Places, and it is expedient that Provision should be made for the Repair thereof, and it may be necessary to acquire further Rights in Water for the Supply of the same, and also to construct further Works in connexion with the said Canal, and it is expedient to transfer the said Canal and Undertaking and all Property thereof to the Commissioners of Public Works in Ireland, for the Purposes herein-after expressed:’ Be it therefore enacted by the Queen’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, as follows: |