OpenLegislation

Section II The new Bills to bear an Interest at the Rate of 4d. per Cent. per Diem;

Original text. Later amendments are not shown.

and applicable to the same Uses and under the same Penalties as the cancelled Bills.

And be it enacted by the Authority aforesaid That all the new Bills to be made forth by vertue of this Act as aforesaid shall bear an Interest X1thereupon of Four Pence a Day for every One hundred Pounds and so proportionably for the lesser Summes before mentioned which Interest shall be allowed due and payable for such time or times only as the said new Bills shall not lye in the Hands of any His Majesties Recievers or Collectors or in His Majesties Exchequer in like Manner as the said higher Interest was allowable upon the said former Bills And the said new Bills so made shall in the Receipt of His Majesties Exchequer be appropriated and applicable to the same Uses or Purposes whereunto such cancelled Bills were appropriated and applicable and under the same Penalties Forfeitures and Disabilities to be inflicted for diverting or misapplying the same as were by any Law or Statute provided for diverting or misapplying any of the Moneys for which such cancelled Bills were taken respectively

Annotations

Editorial notes

X1

interlined on the Roll.