# Appropriation of Revenue Act 1700, Section XXIII: Proviso concerning the Bank of England paying Dividends, &c.


Stat.8 & 9 W.III. c. 20; Stat. 9 W. III.c. 3.
Provided always and be it enacted by the Authority aforesaid That the Governor and Company of the Bank of England until such Time as they shall be fully satisfied and repaid all the Principal Moneys which they shall lend upon Credit of this Act for or in part of the said Sum not exceeding Four hundred and twenty thousand Pounds before mentioned and the Interest thereof shall not be obliged to make any Dividend or Dividends of the Moneys which hereafter shall become due and payable to and be reccieved by the said Governor and Company their Servants and Agents out of the Exchequer or any Publick Office upon or by vertue of any Tallies or Orders subscribed unto the Capital Stock of the said Governor and Company pursuant to the Act of Parliament made in the Eighth Year of His Majesties Reign intituled An Act for making good the Deficiencies of several Fonds therein mentioned and for inlarging the Capital Stock of the Bank of England and for raising the Publick Credit but at such Times only as shall be ordered by a General Court of the said Governor and Company Any Clause or Clauses Matters or Things whatsoever in the Act last mentioned or in one other Act of the Ninth Year of His Majesties Reign intituled An Act to give further Time for the administring of Oaths relating to Tallies and Orders and for the easier Dispatch of the publick Business in the Exchequer and in the Bank of England or in any other Act or Acts of Parliament whatsoever contained to the contrary notwithstanding

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