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Slave Compensation Act 1837 information


Slave Compensation Act 1837
Act of Parliament
Slave Compensation Act 1837
Parliament of the United Kingdom
Long titleAn Act to carry into further Execution the Provisions of an Act for completing the full Payment of Compensation to Owners of Slaves upon the Abolition of Slavery.
Citation1 & 2 Vict. c. 3
Dates
Repealed7 August 1874
Other legislation
Repealed byStatute Law Revision Act 1874 (No. 2)
Status: Repealed
"Slave Emancipation; Or, John Bull Gulled Out Of Twenty Millions", by Charles Jameson Grant, c.1837

The Slave Compensation Act 1837 (1 & 2 Vict. c. 3) was an Act of Parliament in the United Kingdom, signed into law on 23 December 1837.

Together with the Slavery Abolition Act 1833 (3 & 4 Will. 4. c. 73), it authorized the Commissioners for the Reduction of the National Debt to compensate slave owners in the British colonies in the amount of approximately £20 million for the freeing of slaves. Based on a government census of 1 August 1834, more than 40,000 awards to slave owners were issued. Since some of the payments were converted into 3.5% government annuities, they lasted until 2015. Most were sold and the money sent abroad for investment.

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