[Ord. 8 anno 1850.] No. XXVIII. "Fifty Thousand Pounds, to be raised under the aforesaid Ordinance operation: Provided always, that with the sanction and approba"tion of Her Majesty, first had and obtained, this Court shall "have full power and authority to vary the objects and rates of "duties and taxes mentioned in this Ordinance, and to substitute "other objects and rates equally valuable and available for raising "the same amount of duties and taxes in lieu thereof; and pro"vided, moreover, that all sums of money which shall remain " over, after satisfying the provisions of this section, shall be made "available to the general revenue of the Colony over which the "Civil List, and the Loan of Five Hundred Thousand Pounds, or "so much thereof, as is or may be raised, have been respectively "declared to be preferent as aforesaid, to provide for claims. 9. "And be it enacted, that in the event of this Court or any Proviso in case "other Court or Authority competent thereto not providing before the Court fails "the expiration of any one financial year for the raising and supply- paying the "ing the ways and means of paying and discharging for the year ensuing the claims upon and liabilities of the Colony as herein"before stated, or any of them, the duties, taxes, and imposts de"clared by this Ordinance to be raised, leviable, and payable as "aforesaid, shall be raised, levied, and collected in manner and form provided by Ordinance No. 4, of the year 1850, and by Ordinance "No. 18, of the year 1849, or by either of them, or in any manner " and form provided by any Ordinance now in force or hereafter to "be EOrd. 8 anna 1850.1 clause. No. XXVIII.—XXIX. "be in force, and that it shall be lawful for the Governor to retain "and appoint all officers he may think neecessary for raising, levy"ing and collecting the said duties, taxes, and imposts, and to re"munerate such officers for their services. 10. "And be it enacted, that in the construction of this OrdiInterpretation "nance the words "Her Majesty" shall mean Her Majesty, her "Heirs and Successors; the word "Governor" shall mean the "Governor for the time being of British Guiana; the word De"benture shall mean a Debenture, as the case may be, without the "interest coupons thereto belonging; every word importing the singular number only shall extend and be applied to several persons, matters, or things, as well as to one person, matter, or thing; "" every word importing the plural number shall extend and be applied "to one person, matter, or thing, as well as to several persons, "s matters, or things; and that every word importing the masculine "gender only shall extend to and be applied to a female as well as to a male, unless in any of the cases aforesaid it be otherwise specially provided for, or there be something in the subject or the "context repugnant to such construction. Repealing clause. II. And be it enacted, that on the publication of this Ordinance, "Ordinances 3, of the year 1841, and No. 10, of the year 1845, and "each of them, shall be, and the same are, and each of them is, "hereby declared to be repealed. No. XXIX. 1850.] [Ord. 9 anno AN ORDINANCE TO AUTHORISE THE ADVANCES ON LOAN TO THE DEMERARA RAILWAY COMPANY, NOT EXCEEDING IN THE WHOLE THE SUM OF FIFTY THOUSAND POUNDS. Enacted 4th March, 1850, published the 9th September following, came into operation on publication. [HENRY BARKLY, Governor.] WHEREAS at a Special Meeting of the Shareholders of the Demerara Railway Company, held at the London Tavern on Friday the [Ord. 9 anno 1850.] No. XXIX. the 26th day of October, 1849, immediately after the ordinary Halfyearly Meeting, held on the same day, there were passed, in manner and form following, four Resolutions, that is to say : 1. "Resolved-That the London Committee of the Demerara Railway Company shall be, and they are hereby empowered to authorise the Demerara Committee of the Demerara Railway Company to obtain on loan and borrow from the Colony of British Guiana any sum and sums of money not exceeding in the whole the sum of Fifty Thousand Pounds, lawful money of Great Britain, which the said Colony may lend and advance to the Company, and that for the repayment of all and every sum and sums of money so borrowed, with interest at the rate of six per centum per annum, to pledge and mortgage with right of first mortgage to the said Colony, its order and assigns, 'The Undertaking,' including the Works, Lands, Buildings, Messuages, Tenements, and Hereditaments of any Tenure, and all the Carriages, Machinery, and Appurtenances of the Demerara Railway Company. 2. "Resolved-That the London Committee of the Demerara Railway Company shall be, and they are hereby empowered to authorise the Demerara Committee of the Demerara Railway Company to introduce into any and every mortgage that shall or may be passed by the Company, to and in favour of said Colony, all such covenants and stipulations as are usual in the mortgages passed and executed in the Colony, and all such other covenants and stipulations as they may be advised by Counsel learned in the law, that they may lawfully introduce into any such mortgage, and especially to stipulate for the re-payment of all and every sum and sums so borrowed, with interest as aforesaid, at such times and places and in such manner and form as may be mutually agreed upon by and between the said Colony and the said Demerara Committee. 3. "Resolved-That the London Committee of the Demerara Railway Company shall be, and they are hereby empowered to authorise the Demerara Committee of the Demerara Railway Company to apply to the Governor and Court of Policy, [Ord. 9 anno 1850.] No. XXIX. in any way that may be deemed advisable, to make such alterations in the Ordinances and Laws of the Colony relating to the Demerara Railway and the Demerara Railway Company, as will remove every objection of the said Colony to lend and advance such sum and sums as aforesaid to said Company, and as will enable the Demerara Committee to pass and execute to and in favour of said Colony any mortgage or mortgages in the terms required and prescribed, and which may be required and prescribed by said Colony. 4. Resolved-That the Declaration in writing by the London Committee on the back of a copy, or at the foot of a copy of these Resolutions, certified to be a true copy by the Secretary of the Company, or by a Member of the London Committee, and sealed with the Seal of the said Company, shall be held to be and shall be a legal and valid authority · to and upon the Demerara Committee, to carry into effect the true intent and meaning of the foregoing Resolutions. "And whereas in pursuance of the said fourth Resolution, there has been delivered to this Court the declaration therein mentioned as a legal and valid authority to and upon the Demerara Committee of the said Railway Company to carry into effect the true intent and meaning of the foregoing Resolutions: "And whereas to enable the said Demerara Railway Company to give such Security, by way of first mortgage, as required by this Colony, Ordinance No. 6, of the year 1850, intituled "An Ordi"nance to repeal certain of the provisions of Ordinance No. 16, of "the year 1847, relating to the mode and manner of securing the "repayment of money allowed to be borrowed by the Demerara Railway Company, and to make other provisions in lieu thereof," has been passed by His Excellency the Governor of British Guiana, with the advice and consent of the Court of Policy thereof, repealing certain clauses of Ordinance No. 16, anno 1847, and making other provisions in lieu thereof: "And whereas His Excelleney the Governor of British Guiana, and the Court of Policy thereof, combined with the Financial Representatives of the Inhabitants of the said Colony, have been ap No. XXIX. plied to by said Company to advance to said Company the said sum of £50,000 sterling money upon certain terms and conditions stipulated for and agreed upon, among which is that security for the repayment of the said sum and interest shall be given, by way of first mortgage, on "The Undertaking," including the Works, Lands, Buildings, Messuages, Tenements, and Hereditamets of any tenure, and appurtenances of the Demerara Railway Company : [Ord. 9 anno 1850.] £50,006 to 1. "Be it therefore enacted by His Excellency the Governor of Advance of British Guiana, with the advice and consent of the Court of Policy Railway Comthereof, that as soon as the Colony of British Guiana shall have pany by the; Colony. raised the sum of Fifty Thousand Pounds, under and by virtue of Ordinance No. 7, of the year 1850, such sum of Fifty Thousand Pounds shall be lent and advanced by the said Colony to the said Demerara Railway Company. 2. "And be it enacted, that the said sum of £50,000 shall be ap- Application of said sum plied by the said Company to the objects and in manner and form 250,000 of £50,000. following, that is to say : "First-To repay and replace to the Colony of British Guiana the sum of £17,000, already lent and advanced in several sums by the said Colony to the Demerara Railway Company, with interest on the said several sums at the rate of 6 per cent. per annum from the days and times the same have been respectively lent and advanced, until the same shall be fully repaid. Secondly-To enable the said Company to extend its Line of Railway to the Village of Victoria, to provide an additional locomotive engine, materials for constructing its Line, and for other purposes stated by said Company to this Court, a sum of £23,000. Thirdly-As soon as the said Company shall have extended its Line to the said Village of Victoria, then to enable the Com- "Fourthly |