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About: Slave Compensation Act 1837     Goto   Sponge   NotDistinct   Permalink

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Type: yago:WikicatUnitedKingdomActsOfParliament1837yago:Abstraction100002137yago:Act106532095yago:Communication100033020yago:Document106470073yago:LegalDocument106479665yago:Writing106362953yago:WrittenCommunication106349220Band New Facet based on Instances of this Class

The Slave Compensation Act 1837 (1 & 2 Vict. c. 3) was the world's first major act of compensated emancipation and an Act of Parliament in the United Kingdom, signed into law on 23 December 1837. It authorised the Commissioners for the Reduction of the National Debt to compensate slave owners in the British colonies of the Caribbean, Mauritius, and the Cape of Good Hope in the amount of approximately £20 million for freed slaves. Based on a government census of 1 August 1834, over 40,000 awards to slave owners were issued. Since some of the payments were converted into 3.5% government annuities, they lasted until 2015.