OpenLegislation

Section VI The said Tellers to keep apart such clipt Monies as shall be hereafter received by them for Loans, &c.

Original text. Later amendments are not shown.

Treasury, with the Assistance of Officers, &c. to cause the said clipt Monies to be numbered; weighed, &c. and to be entered in the aforesaid Book; and to cause such clipt Monies to be melted down, &c. and delivered to the Mint, to be coined into current Money; New Monies, with the Exception of Charges, to be brought into the Exchequer and placed to the Account of the Revenue; Issue and Application thereof. Penalty.

And bee it further enacted by the Authority aforesaid That the said Tellers in the Receipt of His Majesties Exchequer shall take care to separate and keep aparte all the said clipt Moneys that shall hereafter bee received by them for Loans Taxes Revenues or any other Cause whatsoever soe that it may bee knowne which sp[ec]ificall Parcells of Money brought in shall appertaine to every particular Tax Fund or Branch and that the present Commissioners of the Tresury or any one or more of them or the Lord Tresurer or any one or more of the Commissioners of the Tresury for the time being shall once or oftner in every Fourteen Days in the Presence and with the Assistance of such Officers of the Exchequer as are above mentioned and of such Persons having Loans due to them from the Exchequer as shall desire to bee there present cause all the said clipt Moneys which they shall from time to time find to bee actually remaining in the Kings Receipt of the Exchequer for the said Taxes Revenues Loans or other Branches respectively to bee exactly numbred or told and to bee alsoe carefully weighed and the Tale and Weight thereof to bee fairely entred in the Book above mentioned to bee kept for that purpose wherein shall bee expressed the particular Taxes Funds or Branches whereunto such clipt Moneys doe severally belong and shall thereupon im[m]ediately cause all the clipt moneys which shall soe from -time to time bee found in the said Receipt to bee melted downe and cast into several Ingotts in such manner as that the Money of one Branch shall not bee mixed with that of another in the melting or in the Ingott and shall alsoe cause the said X1Ingotts to bee essayed and delivered to the Officers of His Majesties Mint or Mints by Indenture expressing the Weight and Finenesse of every Ingott and the particular Tax Fund or Revenue to which it belongs which said Officers shall im[m]ediately cause such Silver to bee refined and reduced to Sterling and coin the same by the Mill and Presse into the Current Moneys of this Realme to bee of such Weight and Finenesse as above mentioned and that all X2the new Moneys proceeding from the said Silver of the said clipt Moneys which shall soe from time to time bee transmitted to His Majesties Mint or Mints (except the necessary Charge for making the same and the Charge of refining and melting as aforesaid) shall from time to time as fast as it shall bee coined or att least by weekly Payments bee brought back into the Receipt of His Majesties Exchequer and bee there placed to the respective Accounts of the said particular Revenues Taxes Loans or other Branches to which the clipt Moneys did respectively belong and shall bee issued paid out and disposed of accordingly as far as the same will extend and shall bee appropriated issued and applied to the same respective. Uses without being diverted or divertible to any other Use or being misapplied under the Penalty of incurring the same Forfeitures and Disabilities by the Officers or other Persons concerned therein as they would have incurred for diverting or misapplying the Money of such Taxes Revenues Loans or other Branches in case the same were not recoined.

Annotations

Editorial notes

X1

Variant reading of the text noted in The Statutes of the Realm as follows: Ingott O. [O. refers to a collection in the library of Trinity College, Cambridge]

X2

interlined on the Roll.