Historical Register in London, Middlesex

South Sea Company Capital Expansion Bill Abstract

An abstract of a Parliament act proposal from Great Britain detailing the South Sea Company plans to increase capital stock. It covers redeeming public annuities and debts, raising funds by purchase or subscription, and incorporating lotteries and redeemable debts at set purchase rates. Provisions aim to augment capital stock and manage annuities and redeemable obligations through a twenty or fourteen year purchase framework. The document references prior acts, annuities, and the company’s willingness to take on specified debts to expand capital.