500 



APPENDIX. 



Securities 

 given for con- 

 siderations 

 arising out of 

 illegal trans- 

 actions not 

 to be Toid, 

 but to be 

 deemed to 

 have been 

 given for an 

 illegal con- 

 sideration. 



Money paid 

 to the holder 

 of such securi- 

 ties shall be 

 deemed to be 

 paid on ac- 

 count of the 

 person to 

 whom the 

 same was 

 originally 

 given. 



securities or instruments were given ; and the avoidance of 

 such securities or instruments in the hands of such purchasers 

 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 bj' the authority of the same, That 

 so much of the hereinbefore recited Acts of the sixteenth year 

 of the reign of his said late majesty King Charles the Second, 

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

 William the Third, the ninth, eleventh and twelfth years of 

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

 of the reign of his said late majesty King George the Second, 

 the eleventh and twelfth and the forty-fifth years 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, as enacts that any note, bill or mortgage shall be 

 absolutely void, shall be and the same is hereby repealed ; but 

 nevertheless every note, hill or mortgar/e, which if this act had 

 not been passed would, by virtue of the said several lastly here- 

 inbefore 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 mort- 

 gage should be deemed and taken to have been made, drawn, 

 accepted, given or executed for an illegal consideration : Pro- 

 vided always, that nothing herein contained shall prejudice or 

 affect any note, bill or mortgage which would have been good 

 or valid if this act had not been passed. 



2. In case any person shall, after the passing of this act, 

 make, draw, give or execute any note, bill or mortgage for any 

 consideration on account of which the same is by the herein- 

 before recited Acts of the sixteenth year of the reign of his said 

 late majesty King Charles the Second, the tenth year of the 

 reign of his said late majesty King AVilliam the Thu-d, and the 

 ninth and eleventh years of the reign of her said late majesty 

 Queen Anne, or by any one or more of such acts, declared to 

 be void, and such person shall actually pay to any indorsee, 

 holder or assignee of such note, bill or mortgage the amount of 

 the money thereby secured, or any part thereof, such money so 

 paid shall be deemed and taken to have been paid for and on 

 account of the person to whom such note, bill or mortgage was 

 originally given upon such illegal consideration as aforesaid, 

 and shall be deemed and taken to be a debt due and owing 

 from such last-named person to the person who shall have so 



