Bountied - Law Dictionary Search Results
Home Dictionary Name: bountiedBounty
Bounty, (1) a premium paid by Government to the producers, exporters, or importers of certain Articles, or to those who employ ships in certain trades, with a view of encouraging the establishment of some new branch of industry, or of fostering and extending a trade that is believed to be of paramount importance. See Smith's Wealth of Nations, Bk. iv. c. v. Bounties have been entirely abolished in England, and the Sugar Convention Act, 1903 (3 Edw. 7, c. 21), which authorized restrictions upon the importation of bounty-fed sugar into the United Kingdom, has been repealed.(2) Queen Anne's Bounty: see BOUNTY OF QUEEN ANNE.(3) Money paid to officers and crew of a king's ship which had successfully engaged pirates, slave traders, etc.(4) King's Bounty: the grant made by the Crown on the birth of three or more infants in wedlock at one confinement.Means a premium or benefit offered or given especially by a Government, to induce someone to take action or perform service e.g. a bounty for the...
Bounty of Queen Anne
Bounty of Queen Anne, given by royal charter, which was confirmed by Queen Anne (2 Anne, c. 11), whereby all the revenue of first-fruits and tenths (see those titles) which belonged to the English Crown was transferred by Queen Anne to trustees for ever, called 'Governors,' to form a perpetual fund for the augmentation of the maintenance of the poor clergy. After the appropriation of the revenue arising from the payment of first-fruits and tenths to the augmentation of small livings, it was considered a proper extension of this principle to exempt the smaller livings from the incumbrance of those demands; and, for that end, the bishops of each diocese were directed to inquire and certify into the Exchequer what livings did not exceed 50l. a year, according to the improved value at that time; and it was further provided that such livings should be discharged from those dues in future. It has been still further regulated by subsequent statutes, especially by the Queen Anne's Bounty Act, ...
bountied
rewarded or rewardable by a bounty as a bountied animal pelt...
Anne, Queen, Bounty of
Anne, Queen, Bounty of, See BOUNTY OF QUEEN ANNE....
Queen Anne's bounty
Queen Anne's bounty. See BOUNTY OF QUEEN ANNE....
bounty
bounty pl: boun·ties 1 : generosity in bestowing gifts esp. by will 2 : a reward, premium, or subsidy esp. offered by a government ...
Pension
Pension, an annual allowance made to any one, usually in consideration of past services.By the (English) Succession to the Crown Act, 1707, (6 Anne, c. 7) (c. 41 in the Revised Statutes), and 1 Geo. 1, st. 2, c. 56, no person having a pension under the Crown during pleasure, or for any term of years, is capable of being elected or sitting in the House of Commons.Old Age Pension.--The (English) Old Age Pensions Act, 1908, which was not on a contributory basis, gave to every person the right to a pension who fulfilled certain conditions. The Act, with the amending (English) Old Age Pensions Acts, 1911, 1919 and 1924, has been repealed by the (English) Consolidating Old Age Pensions Act, 1936 (26 Geo. 5 and 1 Edw. 8, c. 31). These conditions are contained in s. 2 of the Act of 1936, as follows:-2. The statutory conditions for the receipt of an old age pension by any person are--(1)The person must have attained the age of seventy, or in the case of a blind person, the age of fifty.(2)The p...
Tithe Rent-Charge
Tithe Rent-Charge. A charge on land, substituted by commutation for that charge on the produce of the land for the benefit of the Church, which was called tithe from being the tenth part of the increase yearly arising and renewing from the profits of lands, the stock upon lands, and the personal industry of the inhabitants; the first species being usually called pr'dial, the second mixed, the third personal.This commutation was effected by a procedure set on foot by the (English) Tithe Act, 1836 (6 & 7 Wm. 4, c. 71), amended by subsequent Acts. See Chitty's Stat., tit. 'Tithe Rent-Charge.' The amount to be paid was annually adjusted, according to the price of corn.The commutation was effected in one of two ways-either by a voluntary parochial agreement, con-firmed by the commissioners, or by the compulsory award of the commissioners. The value, either voluntarily agreed upon or awarded by the commissioners, was considered as the amount of the total rent-charge to be paid in respect of ...
natural object
natural object : a person likely to be the recipient of some thing or action ;esp : a person who is close to or related to a person dying whether testate or intestate, who would reasonably be expected to receive a share of the estate, and who may be so recognized in the absence of a will or in a will contest usually used in the phrase natural object of one's bounty [widows and children, who, as the natural objects of a testator's bounty, were…residuary legatees "Lomon v. Citizens Nat'l. Bank & Trust of Muskogee, 689 P.2d 306 (1984)"] ...
Drawback
Drawback, 'drawback' means the repayment of duties or taxes previously charged on commodities, from which they are relived on exportation, State of Uttar Pradesh v. Delhi Cloth Mills, (1991) 1 SCC 454 (468).The term used in commerce to signify the remitting or paying back upon the exportation of a commodity of the duties previously paid on it.A drawback is a device resorted to for enabling a commodity affected by taxes to be exported and sold in the foreign market on the same terms as if it had not been taxed at all. It differs from a bounty in this, that the latter enables a commodity to be sold for less than its natural costs, whereas a drawback enables it to be sold exactly at its natural cost. Were it not for the system of drawbacks it would be impossible, unless when a country enjoyed some very peculiar facilities of production, to export any commodity that was more heavily taxed at home than abroad. But the drawback obviates this difficulty, and enables merchants to export commod...
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