# Appropriation of Revenue Act 1700, Section X: Interest at £6 per Cent. per Ann. for the first £400,000; and £7 per Cent. per Ann. for the Residue.


And that Talleys of Loans shall be levied for all and every Sum and Sums of Money so lent and that Orders according to the Course of the Exchequer shall be drawn signed and issued for the Repayment of the same and for Payment of Interest for the Forbearance thereof every such Sum of Money after the Rate of Six Pounds per Centum per Annum for the First Four hundred thousand Pounds and Seven Pounds per Centum per Annum for the remaining Four hundred and twenty thousand Pounds which Interest shall be payable every Three Months from the respective Dates of the said Talleys of Loan until the Satisfaction of the said respective Principal Sums

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Source: https://www.legislation.gov.uk/aep/Will3/12-13/12/section/X (the official version)
Page: https://openlegislation.uk/appropriation-of-revenue-act-1700/section-X
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.