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No. 1. debenture was paid off “wholly” or “in part," the word Ord. No. 1, " cancelled” being also written in the same manner across the 1851. memorandum from which such debenture shall have been disjoined,
and under such words “ cancelled," the signature of the cc, VrGeneral and Colonial Secretary as aforesaid shall be affixed; and such debenture so cancelled shall be kept by the said ReceiverGeneral among the records in his office, and for each such debenture paid off “in part” a new debenture shall be issued in the form provided for in this Ordinance, for such sum as may remain unpaid
on each such debenture “ cancelled ” as aforesaid. Priority of date
X. And be it further ordained, that it shall be the duty of the
A. to be observed Receiver-General, when directed to cancel any debentures, to pay in paying off such debentures according to priority of date, unless payment Debentures.
be previously required by any holder or holders of such debentures.
XI. And be it further ordained, that by the term President Explanation of certain words.
shall be understood the President or officer administering the Government for the time being; that by the term “ Colonial Secretary ” shall be understood the Colonial Secretary or other officer acting as such ; that by the term “ Receiver-General” shall
be understood the Receiver-General or other officer acting as such. Operation.
XII. And be it further ordained, that this Ordinance shall come into operation so soon as Her Majesty's confirmation thereto shall have been proclaimed within these islands.
RECEIVER-GENERAL'S OFFICE, 1
RECEIVER-GENERAL'S OFFICE, GRAND TURK,
Colonial Debenture, No. for £ in favour of
By virtue and in terms of an Ordinance of the Legislative Council of
or order, the sum of with interest, at and after the rate of five per cent. per annum.
e la poe edalen
Countersigned in accordance with the provision)
of the Ordinance of the Legislative Council,} No. 1, 1851.
Colonial Secretary. C
RATE OF INTEREST. No. 1. No. 1.-41 Geo. 3, ch. 3. An Act to reduce the Rate of Interest, Act 41 G. 3, without prejudice to any former Securities or Contracts, made c. 3.
previous to the first day of January, One thousand eight hundred and two, and for ascertaining the Damages on Bills of
Exchange. (A.D. 1800.) Interest reduced W HEREAS it is thought expedient, as well on account of the to six per cent. V increase of population in these islands as for the advance
ment of trade and improvement of lands, that the rate of interest should be reduced from eight to six per centum; May it, &c., That no person or persons whatsoever, from and after the first day of January, which will be in the year of our Lord One thousand eight hundred and two, upon any mortgage, bill, promissory note, or other contract, specialty, or security which shall be made from and after the first day of January, which will be in the year of our Lord One thousand eight hundred and two, take, directly or indirectly, for loan of any moneys, wares, merchandise, or other commodities above the value of Six pounds for one year for every
Hundred pounds, and so after that rate for a greater or lesser sum, Proviso. or for a longer or shorter time: Provided always, that nothing
herein contained shall extend, or be construed to extend, to prevent any person or persons having debts due and owing to them, by specialty or otherwise, which shall have been contracted previous to the first day of January, which will be in the year of our Lord One thousand eight hundred and two, from receiving interest thereon at
and after the rate of eight per centum per annum, until paid. Damages on
II. That for all bills of exchange drawn or negotiated within protested bills these islands upon any part of Europe, which shall be returned drawn on under protest for want of acceptance, payment, or any other cause, Europe.
there shall be paid upon all such bills so protested and returned as aforesaid, a re-exchange, as damages for the same, at the rate of Twenty pounds per centum ; and in case of non-payment of such protested bills and damages within three days after demand being made by the possessor of such bill from the drawer or indorser, then the said bill, together with the damages thereon, shall bear the legal interest as ascertained by this Act.
III. That all bills of exchange drawn or negotiated within these protested bills
islands upon any part of North America, or any of the West India drawn on North
he Islands, which shall be returned under protest for any of the causes West India
before mentioned, there shall be paid upon all such bills, as aforeIslands. said, a re-exchange, as damages for the same, at the rate of Fifteen
pounds per centum ; and in case of non-payment of such protested bill, within three days after demand being made by the possessor of such bill, from the drawer or indorser, then the said bill, together with the damages thereon, shall bear the legal interest, as
ascertained by this Act. Penalty for IV. And to prevent exactions or oppressions from any person charging more that may presume to offend against this Act, and that all due obethan six per
dience may be paid to the same; Be it, &c., that if any other cent,
America, or the
interest upon any specialty, as aforesaid, be charged or received No. 1. by any person whatsoever other than that hereinbefore limited, Act 41 G. 3, whether it be charged or received as interest, premium, or under c. 3. any other name, so that it amounts to more than Six pounds per centum per annum upon the principal, such person so offending shall pay to the party aggrieved the full sum of One hundred pounds current money of these islands, and shall forfeit his spe- £100 old curcialty, of what kind soever it may be, on which the extortion was rency. made, with the interest due thereon, which sum of One hundred pounds may be sued for and recovered by the party aggrieved in any Court of Record in these islands, by writ, plaint, or information: and provided such specialty shall have been paid off, then and in that case the amount of such specialty, with the interest paid thereon, shall be recovered in any Court in these islands in manner aforesaid.
V. And likewise, to prevent exactions or offences against this Penalty for Act in regard to protested bills of exchange, any person or persons overcharging receiving or charging any higher damages or interest thereon thanh
bills. he, she, or they shall be entitled to by virtue of this Act, shall incur and be liable to the same penalties of One hundred pounds, £100 old curtogether with the amount of such protested bill, with all interest, rency. re-exchange, or damages thereon as aforesaid, to be sued for and recovered in manner as extortion in cases of interest, as in this Act is particularly before enacted.
REPRINT OF LAWS.
No. 1. An Ordinance to Authorize the Compilation and Reprint of the Laws
... Ord. No. 5,
1860. of these Islands, and for other purposes. (Passed 11th April,
1860. Confirmed 5th Sept., 1860.) W HEREAS it would tend to facilitate the due administration of Preamble.
V justice within these islands if the several laws now in force therein were collected and reprinted with a proper index; May it, &c.,
I. That it shall be lawful for the President to cause the several Reprintal of laws in force in these islands, together with the Ordinances of laws authorized. 1860, to be collected and reprinted with an index, under the superintendence of some properly-qualified person, and according to such plan as shall be approved of by the said President.
II. And whereas many of the said laws were originally enacted for the government of the Bahama Islands, and only extended to these islands by the Bahama Act, 11 Victoria, chapter 1, known as the Separation Act, and contain words and phrases wholly inapplicable to this colony; Be it therefore further ordained, that Inappropriate . whenever the wording of any such Act shall be manifestly inap- terms in
Bahama Acts plicable to these islands, such words shall be substituted as would banana AC
to be altered. have been used if the said laws had been originally enacted by the Legislative Council of these islands ; for instance, “President”
No. 1. for Governor,” “Legislative Council” for “General Assembly," Ord. No. 5. " Turks and Caicos Islands” for “ Bahama Islands," “ Grand 1860. Turk" for “Nassau," and the like.
III. That throughout the said laws the word “President” shall Definition
be understood to mean the officer administering the Government of of word President.
the colony for the time being, and the words “or officer administering the Government of the colony for the time being," or words to that effect, or clauses declaratory of such meaning, shall be omitted whenever they occur in the said laws; and in any Ordinance which may hereafter be passed by the Legislative Council of these
islands the word “President” shall be understood to have the Power of signification before mentioned, and wherever provision is made in acting officers, any such Ordinance for any officer to act for another, it shall be
understood that such acting officer shall have all the powers and authorities of the person for whom he is acting, unless the contrary
be expressed in such Ordinance. Laws to be
IV. That the said laws, when reprinted, shall be bound up in one deposited with or more volumes, and shall be deposited with the Colonial Secretary Colonial
for distribution, who shall keep a book in which he shall enter the Secretary.
names of all persons to whom any copy of the said laws may be delivered, and also the time when such copy shall be returned into
his office, in accordance with the provisions of this Ordinance. Persons en
V. That the following persons shall be entitled to have one or titled to copies. more copies of the said laws, to wit :-Her Majesty's Secretary of
State for the Colonies, fifty copies; the Governor-in-Chief, two copies; the President of the Colony, one copy; the Legislative Council, four copies, the same to be in charge of the Clerk of the Council; the Judge of the Supreme Court, one copy; the Supreme Court, to be in charge of the Prothonotary, one copy; the Queen's Advocate, one copy; the Colonial Secretary's Office, one copy; the Receiver-General's Office, for distribution to the out-ports, four copies; the Police Magistrate, one copy; the Crown Commissioner, one copy; for the Public Library, one copy; each Justice of the Peace, on taking the oath of office, one copy; and such other public officers as the President may think proper : Provided that in case any person shall hold more offices than one, he shall nevertheless be entitled to receive only one copy of the laws, unless
otherwise ordered by the President. Laws to be
VI. That the laws thus distributed shall be and continue public public property. property, and shall only be retained by the parties to whom they
shall have been originally distributed so long as such parties respectively hold the offices in right of which they became entitled
to copies of such laws. In case of
VII. That in the case of the death of any person to whom a death of any one copy of such laws shall have been delivered, the executor or having a copy, administrator of the person so dying shall, without delay, return
the copy of the laws which had been delivered to such deceased turned to Colonial Secretard person into the office of the Colonial Secretary. Value in case of VIII. That in case any copy of the said laws so delivered to any loss.
person shall be lost or destroyed, the party to whom the same was delivered, or who had charge thereof, shall be responsible for the value of such copy, which, for the purposes of this Ordinance, shall be fixed at Five pounds, unless he can clearly show, to the satisfaction of the Colonial Secretary, that such copy had been lost or destroyed otherwise than through any negligence or wilful mis
same to be re