| Act of Parliament | |
 | |
| Long title | An 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. |
|---|---|
| Citation | 1 & 2 Vict. c. 3 |
| Dates | |
| Royal assent | 23 December 1837 |
| Commencement | 23 December 1837 |
| Repealed | 7 August 1874 |
| Other legislation | |
| Repealed by | Statute Law Revision Act 1874 (No. 2) |
Status: Repealed | |
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.