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Consolidated funds of Great Britain and Ireland shall become one general consolidated fund. 1.] All rates, duties, taxes, receipts, sums of money and revenues of what nature or kind soever, which under or by virtue of any Act or Acts in force in Great Britain or Ireland respectively at the time of the passing of this Act, and immediately before the said fifth day of January one thousand eight hundred and seventeen, shall or may constitute or form part of or be directed to be carried to the several funds called the consolidated fund of Great Britain and the consolidated fund of Ireland respectively, shall be carried to and shall be and become and shall form and constitute one general fund, to be called the consolidated fund of the United Kingdom of Great Britain and Ireland; and the said consolidated fund of the United Kingdom of Great Britain and Ireland, whether the same or any part thereof shall be in the Exchequer of Great Britain or in the Exchequer of Ireland, shall in the first place, be charged and chargeable with and shall from time to time be applied indiscriminately to the payment of the whole of the interest of the national debts of Great Britain and Ireland, and the sinking funds applicable to the reduction thereof, as one joint consolidated national debt, interest, and sinking fund; and in the next place the said consolidated fund of the said United Kingdom shall in like manner be charged and chargeable with and shall be applied to the payment of the salaries and other charges of His Majesty's civil list establishments in Great Britain and Ireland; and in the next place the said consolidated fund of the said United Kingdom shall be in like manner charged and chargeable with and shall be applied in payment of all other charges whatsoever made payable out of the consolidated funds of Great Britain or Ireland respectively, under or by virtue of any Act or Acts in force immediately before the said fifth day of January one thousand eight hundred and seventeen; and after payment and satisfaction of all the aforesaid charges the said consolidated fund of the United Kingdom shall be in like manner indiscriminately applied to the service of the United Kingdom of Great Britain and Ireland, or any part thereof, as shall be directed by Parliament, and shall be issued and applied accordingly, in manner and under the authority herein-after mentioned and directed.
© 1816 Crown Copyright
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URL: http://www.bailii.org/nie/legis/num_act/cfa1816171/s1.html