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An Act for establishing a Bank, by the Name of the Governors and Company of
the Bank of Ireland.{1} BWHEREAS it will tend to the advancement of publick
credit in this kingdom, and to the extension of its trade and commerce if a
bank with publick security, shall be established therein; >His Majesty, heirs
and successors, by letters patent may limit how, &c. said sum of #600,000 or
any part thereof may be assigned, &c. and to incorporate said subscribers,
their executors, &c. a body politick and corporate, by the name of the
Governor and Company of the Bank of Ireland, to have perpetual succession,
purchase, plead, &c. by said name. A>III. I T shall and may be lawful to and
for your Majesty, your heirs and successors, by letters patent under the great
seal of Ireland, to limit, direct, and appoint, how and in what manner and
proportions, and under what rules and directions the said sum of six hundred
thousand pounds sterling, and every or any part or proportion thereof, may be
assignable or transferable, assigned or transferred to such person or persons
only as shall freely and voluntarily accept of the same, and not otherwise,
and to incorporate all and every such subscribers and contributors, their
executors, administrators, successors, or assigns, to be one body politick and
corporate, by the name of the Governor and Company of the Bank of Ireland; and
by the same name of the Governor and Company of the Bank of Ireland, to have
perpetual succession, and a common seal; and that they and their successors,
by the name aforesaid, shall be able and capable in law, to have, purchase,
receive, possess , enjoy, and retain to them, and their successors, lands,
rents, tenements and hereditaments of what kind, nature, or quality soever,
and also to sell, grant, alien, demise, or dispose of the same; and by the
same name to sue and implead, and be sued and impleaded, answer and be
answered in courts of record, or any other places whatsoever, and to do and
execute all and singular other matters and things by the name aforesaid, that
to them shall or may appertain to do, subject nevertheless, to the proviso or
condition of redemption herein after mentioned. N>> S.VIII rep. by SLR 1948
>And to prevent monopolization by said corporation, it is enacted they nor any
one in trust for them shall deal or trade for goods, &c. with the stock of
said corporation save as hereafter, IX. A ND to the intent that your Majesty's
subjects may not be oppressed by the said corporation by their monopolizing
any goods, wares, or merchandizes: the said corporation, so to be made and
created, shall not at any time, during the continuance thereof, deal or trade,
or permit or suffer any person or persons whatsoever, either in trust, or for
the benefit of the said corporation, to deal or trade with any of the stock,
monies, or effects of, or any ways belonging to the said corporation, in the
buying or selling of any goods, wares, or merchandizes whatsoever save as
herein after mentioned; and every person or persons, who shall so deal or
trade, or by whose orders or directions, such dealing or trading shall be
made, prosecuted, or managed for, or in any manner, on behalf of |such
corporation as aforesaid, shall forfeit for every such dealing or trading, and
for every such order and direction, treble the value of the goods and
merchandizes so traded for, . . .{2} provided, that nothing herein contained,
shall in any ways |be construed to hinder the said corporation from dealing in
bills of exchange, or in buying or selling bullion, gold, or silver, or in
selling any goods, wares, or merchandizes whatsoever, which shall really and
bona fide, be left or deposited with the said corporation, for money lent and
advanced thereon, and which shall not have been redeemed at the time agreed
on, or within three months after, or from selling such goods as shall or may
be the produce of lands purchased by the said corporation. >Bills of said
corporation assignable by indorsement, X. P ROVIDED always, That all and every
bill or bills, obligatory, and of credit, under the seal of the said
corporation, made or given to any person or persons, shall and may, by
indorsement thereon, under the hands of such person or persons, be assignable
and assigned to any person or persons who shall voluntarily accept the same,
and so by such assignee, toties quoties, by indorsement thereupon; and that
such assignment and assignments so to be made, shall |absolutely vest and
transfer the right and property in and unto such bill or bills, obligatory and
of credit, and the monies due upon the same; and that the assignee or
assignees shall and may sue for, and maintain an action thereupon, in his or
her own name. >If governor, &c. of said corporation shall at any time on
account of said corporation, purchase any lands or revenues of the crown, or
lend any money to your Majesty, &c. by way of loan upon any branch of your
revenue except that branch where a credit of loan is given by parliament under
penalty of treble the sum lent. A>XI. P ROVIDED always, That if the governor,
deputy governor, directors, managers, assistants, or other members of the said
corporation, so to be established, shall, upon account of the said
corporation, at any time or times, purchase any lands or revenues belonging to
the crown, or advance or lend to your Majesty, your heirs or successors, any
sum or sums of money, by way of loan, or anticipation, on any part or parts,
branch or branches, fund or funds of the revenues granted, or belonging to, or
hereafter to be granted to your Majesty, your heirs or successors, other than
such fund or funds, part or parts, branch or branches of the said revenue
only, on which a credit of loan is or shall be granted by Parliament, that
then the said governor, deputy governor, directors, managers, or assistants,
or other members of the said corporation, who shall consent, agree to, or
approve of, the advancing or lending to your Majesty, your heirs or
successors, such sum or sums of money as aforesaid; and each and every of them
so agreeing, consenting, or approving, and being thereof lawfully convicted,
shall for every such offence, forfeit treble the value of every such sum or
sums of money so lent, . . .{2}. >No amerciaments, &c. against said
corporation, shall be discharged by privy signet, &c. XII. P ROVIDED always,
That all amerciaments, fines, and issues against the said corporation, and
their successors, to be had, charged, or estreated in or upon account of any
suits or actions, to be prosecuted or brought against them, shall not be
pardoned, acquitted, or discharged, by any letters of signet, privy seal, or
great seal of your Majesty, your heirs or successors, or otherwise howsoever;
and in case any such amerciaments, fines, or issues, shall be estreated into
your Majesty's exchequer, against the said corporation, upon any process for
non-appearance, at the suit of any person or persons, |that then it shall and
may be lawful to and for the officers of your Majesty's exchequer for the time
being, and they are hereby directed to detain so much money out of the annual
interest or produce of the said sum of six hundred thousand pounds, as the
said amerciaments, fines, or issues, shall amount unto, out of the said yearly
sum, so payable to the said corporation. >And if any person shall obtain any
judgment against said corporation and shall bring execution thereon to officer
of exchequer, said officer shall pay the sum in said execution to the
plaintiff, and deduct from the annual sum payable to said corporation. A>XIII.
A ND further if at any time hereafter any person or persons shall obtain any
judgment or judgments in any court of law, against the said corporati
© 1781 Crown Copyright
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