# Appropriation of Revenue Act 1700, Section XXII: Moneys may be lent on the last £420,000 without staying till the preceding £400,000 be lent, &c.


Such Monies to be registered and paid as herein mentioned; Interest paid every Three Months; Penalties.
Provided also and it is hereby enacted That if any Person or Persons Bodies Politick or Corporate at any Time or Times after the passing of this Act and before such Time as Four hundred thousand Pounds Principal Moneys in the whole shall be first lent thereupon shall be willing to advance and lend to His Majesty any Sum or Sums of Money for or in part of the Sum of Four hundred and twenty thousand Pounds being the last Part of the Sum not exceeding Eight hundred and twenty thousand Pounds authorized to be borrowed upon this Act that then it shall and may be lawfull to and for any such Person or Persons Bodies Politick or Corporate to make such Loans for or in part of the said last Four hundred and twenty thousand Pounds without staying till the preceding Four hundred thousand Pounds shall be first lent and that the Principal Moneys upon the Orders of Loan for or in part of the said last Four hundred and twenty thousand Pounds shall be registred and paid in course as this Act directs but shall take place in point of Registry and Payment next after Four hundred thousand Pounds Principal Moneys which shall be first registred or be reserved to be registred upon this Act and that the Interest of the said Loans for or in part of the said Four hundred and twenty thousand Pounds so to stand last upon the said Register shall be paid every Three Months from the respective Dates of the Tallies of Loans for the same out of the said Moneys to arise Weekly from the said particular Branches of Excise as aforesaid under the like Penalties Forfeitures and Disabilities for not duly registring or repaying the Moneys so to be lent for or in part of the said Four hundred and twenty thousand Pounds or for not duly paying the Interest thereof as are by this Act provided for not duly registring or repaying any other Part of the said Moneys not exceeding Eight hundred and twenty thousand Pounds by this Act authorized to be borrowed as aforesaid or Interest of the same Any thing in this Act contained to the contrary notwithstanding.

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