# Civil List Act 1697, Section VII: Three Months allowed for Payment of Duty upon Plantation Tobacco, on Security.


Discount upon prompt Payment.
And be it enacted by the Authority aforesaid That for the further Subsidy hereby granted upon Tobacco of the English Plantations in America the Merchant Importer shall have Three Months time from the Importation to pay the same giving Security for the Payment thereof accordingly And in case of paying the same sooner than the said Three Months the said Merchant Importer shall be allowed a Discount after the Rate of Ten Pounds per Centum p Ann[um] for prompt Payment Any thing herein contained to the contrary notwithstanding.

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Source: https://www.legislation.gov.uk/aep/Will3/9/23/section/VII (the official version)
Page: https://openlegislation.uk/civil-list-act-1697/section-VII
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.