Monarch

GEORGE III

Year

1797

Title

37 Geo. III, c. 50,

Description

An Act for further extending the Provisions of an Act passed in the Twenty-first and Twenty-second Years of His Majesty's Reign Entitled An Act for establishing a Bank by the Name of the Governor and Company of the Bank of Ireland.

Classification

Commerce - Bank of Ireland, 21 & 22 Geo. III, c. 16, incorporated capital £600,000, 31 Geo. III, c. 22, capital increased to £1,000,000 now increased to £1,500,000, subscriptions to be paid before 17 Feb. 1798; when £500,000 is subscribed Bank may borrow up to £1,500,000, Bank to pay £500,000 into Treasury as a loan for part of £3,395,696, government loans to pay £25,000 p. a. - 5 per cent on £500,000 in two parts, money to be used to pay off British loan and get discount for prompt payment, refinancing of other debt £600,000 at 5 per cent [t].