STATUTES. 507 



twelfth years of tlie reign of his said late majesty King Greorge 

 the Third, the forty-fifth year of the reign of his said late 

 majesty King George the Third, and the sixth year of the 

 reign of his said late majesty King George the Fourth, and 

 securities and instruments made void by virtue of the said act 

 of the twelfth year of the reign of her said late majesty Queen 

 Anne and the fifth year of the reign of his said late majesty 

 King George the Second, other than bills of exchange or pro- 

 missory notes made valid by the said act of the fifty-eighth 

 year of the reign of his said late majesty King George the 

 Third, are sometimes indorsed, transferred, assigned or con- 

 veyed to purchasers or other persons for a valuable considera- 

 tion, without notice of the original consideration for which 

 such securities or instruments were given ; and the avoidance 

 of such securities or instruments in the hands of such pur- 

 chasers or other persons is often attended with great hardship 

 and injustice : For remedy thereof be it enacted by the king's 

 most excellent majesty, by and with the advice and consent of 

 the lords spiritual and temporal, and commons, in this present 

 parliament assembled, and by the authority of the same. That Securities 

 so much of the hereinbefore recited acts of the sixteenth year giyen for con- 

 of the reign of his said late majesty King Charles the Second, arish:^<^Tit of 

 the tenth year of the reign of his said late majesty King iUeo-af trans- 

 William the Third, the ninth, eleventh and twelfth years of actions not 

 the reign of her said late majesty Queen Anne, the fifth year to be void, 

 of the reign of his said late majesty King George the Second, ^"* *°j^+' 

 the eleventh and twelfth and the forty-fifth years of the reign havTbeen 

 of his said late majesty King George the Third, and the sixth given for an. 

 year of the reign of his said late majesty King George the illegal consi- 

 Fourth, as enacts that any note, bill or mortgage shall be <leration. 

 absolutely void, shall be and the same is hereby repealed ; 

 but nevertheless every note, hill or mortgage, which if this act 

 had not been passed would, by virtue of the said several 

 lastly hereinbefore mentioned acts or any of them, have been 

 absolutely void, shall be deemed and taken to have been made, 

 drawn, accepted, given or executed for an illegal consideration, 

 and the said several acts shall have the same force and effect 

 which they would respectively have had if instead of enacting 

 that any such note, bill or mortgage should be absolutely void, 

 such acts had respectively provided that every such note, bill 

 or mortgage should be deemed and taken to have been made, 

 drawn, accepted, given or executed for an illegal considera- 

 tion : Provided always, that nothing herein contained shall 

 prejudice or affect any note, bill or mortgage which would 

 have been good and valid if this act had not been passed. 



2. And be it further enacted. That in case any person shall, Money paid 

 after the passing of this act, make, draw, give or execute any *° the holder 

 note, bill or mortgage for any consideration on account of '^•,?^^° j,^^?^" 

 which the same is by the hereinbefore recited acts of the six- deemed to be 



