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Notice and rules for stock subscriptions and redemption plan
The text outlines that Managers must notify the Accomptant-General of Bank about subscription book openings and, after each closing, certify names and stock attached. It forbids transfers after notice and requires the Accomptant-General to prevent transfers in related annuity books. If delays occur, the Bank's Governor and Company must execute the duties. It also discusses redemption of debts by the South Sea Company with specified monetary terms and timelines, including a March 1 1721 deadline and rates extending to 1727 and beyond subject to Parliament.
MENTIONED IN THIS ARTICLE
House of Commons
South Sea Company