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PROVINCE OF CANADA
PASSED IN THE
TWENTY-SECOND YEAR OF THE REIGN OF HER MAJESTY
AND IN THE SECOND SESSION OF THE SIXTH PARLIAMENT
Begun and holden at Toronto on the Twenty-Ninth of January, in the year
of Our Lord One Thousand Eight Hundred and Fifty-Nine.
THE RIGHT HONORABLE SIR EDMUND WALKER HEAD, BARONET,
LAW PRINTER TO THE QUEEN'S MOST EXCELLENT MAJESTY.
Anno Domini, 1859.
An Act respecting the Provincial Debt guaranteed by the Imperial Government.
[Assented to 26th March, 1859.] THEREAS Her Majesty's Government in England have Preamble
consented to the reduction hereinafter mentioned on the yearly rate of the payments to the Sinking Fund for paying off the Provincial debt of one million five hundred thousand pounds sterling, guaranteed by the Government of the United Kingdom under the provisions of the Act of the Parliament thereof passed in the session held in the fifth and sixth years of Her Majesty's Reign, and intituled, An Act for guaranteeing the payment of the interest on a Loan of one million five hundred thousand pounds to be raised by the Province of Canada, and have agreed to certain other arrangements with respect to the said loan advantageous to this Province, to which it is desirable to give the sanction of the Provincial Legislature : Therefore, Her Majesty, by and with the advice and consent of the Legislative Council and Assembly of Canada, enacts as follows:
1. Notwithstanding any thing to the contrary in the Act of Amount payathe Legislature of this Province, passed in the session held in ble yearly to the tenth and eleventh years of Her Majesty's Reign, and Fund under
the Sinking intituled, An Act to facilitate the issue of Debentures, and for 10, 11 V. a. 2, other purposes therein mentioned, or in any other Provincial reduced. Act, the sum to be set apart by the Governor in Council out of the Consolidated Revenue Fund of this Province, yearly and in every year until the whole amount of the said debt shall be paid off, and to be applied as a Sinking Fund for paying off the said debt, shall be such sum as will be equal to two per centum on the amount of the said debt, instead of four per centum on the said amount as provided by the said Act, the other provisions whereof shall apply to such reduced percentage as they have heretofore applied to the said rate of four per cent.