Crown Lands Act, 1885

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Newborough Endowment.

Transfer of certain funds from Commissioners of Woods to Ecclesiastical Commissioners for endowment of minister of Newborough.

8. Whereas there is now standing in the names of the Commissioners of Woods and of the Lord Bishop of Peterborough, in the books of the Governor and Company of the Bank of England, a sum of eight thousand three hundred and thirty-three pounds six shillings and eightpence three per cent. consolidated bank annuities, which sum is, under the provisions of the Act 11 Geo. 4. and 1 Will. 4. c. 59., to be by them held in trust to pay the dividends arising therefrom to the officiating minister of the parish church of Newborough, in the county of Northampton:

And whereas it is expedient that the said sum of consolidated bank annuities be transferred to the Ecclesiastical Commissioners for England, who have signified their willingness to administer the trusts of the same:

Be it therefore enacted that the Commissioners of Woods may at any time after the passing of this Act transfer the said sum of eight thousand three hundred and thirty-three pounds six shillings and eightpence three per cent. consolidated bank annuities to the Ecclesiastical Commissioners for England, to be by them held and administered upon and subject to the same trusts as the said sum was held and administered immediately before the passing of this Act; and this section shall be sufficient authority for the Governor and Company of the Bank of England to cause to be made such transfer in their books on the written request of the Commissioners of Woods or any one of them.